Trading activities on the floor of Nigerian Exchange (NGX) Thursday sustained declining position as valued of equities close southwards, shedding N71 billion. Specifically, market capitalisation of listed equities declined further by N7 billion or 0.03 per cent to N22.043 trillion from N22.050 trillion reported the previous day. The NGX All Share Index also depreciated by […]
Seplat Energy Kayode Tokede Seplat Energy Plc on Thursday December 23 notified the Nigerian Exchange Limited (NGX) that its Board has terminated the contract of appointment of Austin Avuru as a Non-Executive Director. Seplat Energy told the NGX that Avuru’s appointment was terminated on December 22, 2021, “due to breaches of the Company’s corporate governance […]
Trading activities on the floor of the Nigerian Exchange Limited (NGX), yesterday, witnessed a drop in share prices as bears regained grip following profit taking. The stock market had, during the previous day, recorded appreciable gain. The market breadth closed positive with 21 gainers against 16 losers. Consequently, the NGX All-Share Index dipped 6.14 basis […]
Nigerian equities saw a weak movement in price movement for the second day on the trot on Tuesday, inching up by as little as 0.01 per cent even though the quantity of shares traded rose by 94 per cent when set beside what was recorded on Monday. Investors placed sell orders on millions of shares […]
By Dipo Olowookere Nigerian stocks returned to the territory of the bears on Tuesday after depreciating by 0.01 per cent at the close of transactions by 2:30 pm. Renewed profit-taking in Oando, Access Bank, UBA, UAC Nigeria and 11 others weakened the market and caused the All-Share Index (ASI) to decrease by 6.14 points to […]
Price losses recorded by some companies in the petroleum marketing subsector, especially MRS and Eterna oil yesterday dragged the All-Share Index (ASI) by 0.01 per cent. Specifically, at the close of transactions yesterday on the Nigerian Exchange Limited (NGX), the ASI declined by 6.14 per cent, representing a decrease of 0.01 per cent, to close […]
Kayode Tokede The stock market of the Nigerian Exchange Limited (NGX) yesterday closed on a negative note with a decline of 0.01 per cent as investors’ take profit in MRS Oil Nigeria Plc, Eterna Plc and 19 other stocks. The stock market performance of yesterday witnessed Eterna dropping by 9.91, MRS Oil Nigeria depreciated by […]
Kayode Tokede The stock market of the Nigerian Exchange Limited (NGX) depreciated by N13 billion in its Week-on-week (WoW) performance as bearish sentiment resurfaced on the domestic bourse. Investors profit-taking in Unilever Nigeria Plc, Nigerian Exchange Group (NGXGroup) and CUTIX Plc shares down the market capitalisation to N21.926trillion last week. Hence, the NGX All-Share Index […]
Energy firm Ardova PLC completed a full buyout of rival Enyo Retail and Supply Limited, the board of directors said in a letter posted by the Nigerian Exchange Limited on Wednesday, almost eight months behind initial target. The purchase marks the second major deal in the mergers and acquisitions market of the Nigerian oil and […]
Rainoil Limited, a major player in the downstream oil and gas industry, has completed the acquisition of majority shares in Eterna Plc, a publicly listed oil and gas company. The acquisition was executed through its investment arm, Preline Limited. Eterna Plc, a major player in the downstream sector of Nigeria’s oil industry, had, late 2020, […]
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