Zenith Bank, GT Holdings, and FBN Holdings led the list of most valuable banks listed in the Nigerian Stock market, with a market value of N789.6 billion, N765.2 billion, and N409.2 billion respectively as of the end of 2021. The sector, NGX banking index recorded a 3.32% gain in 2021, failing to live up to […]
Nigerian Stock Exchange Market Nigerian stocks fell 0.12 per cent as investors took profit in newly admitted BUA Foods, which had garnered over 59 per cent until the end of last week when gains began to plateau. Major declines were also reported by Transcorp and NGX Group on a day that trade volume tumbled by […]
By Dipo Olowookere The bears maintained grip on the Nigerian Exchange (NGX) Limited on Monday, causing the market to further decline by 0.12 per cent at the close of transactions. Selloffs inspired by weak investor sentiment dominated the local bourse yesterday amid cautious trading as traders watch closely happenings in the political space, which is […]
Floor of the Nigerian Stock Exchange Nigerian stocks depreciated by 0.09 per cent on Tuesday in their worst show since year start as investors dumped food and beverages stocks led by Nestle and Nigerian Breweries, and partial profit-booking weighed. Drop in the share prices of NGX Group and UBA strengthened the loss, with the underwhelming […]
The appointments are subject to the approval of the Central Bank of Nigeria. The board of directors of FBN Holdings Plc, on Wednesday, announced the appointments of three executive directors for its commercial banking arm, First Bank Nigeria Limited. It appointed Olusegun Alebiosu as executive director, risk management and executive compliance officer, while Oluwatosin Adewuyi […]
STOCK *Investors gain N1.2trn *Analysts predict mixed performance in 2022 By Peter Egwuatu & Nkiruka Nnorom Against the backdrop of marginal economic recovery in 2021, Nigeria’s stock market recorded a slowdown in growth but the performance indices remained in positive territories. Though the sustained positive trajectory in the market was slower compared to that of […]
By Dipo Olowookere The first trading session of the week on the floor of the Nigerian Exchange (NGX) Limited finished on a positive note as it closed 1.26 per cent higher. The growth was influenced by buying interests in shares in the industrial goods sector, especially Dangote Cement and others. Consequently, the All-Share Index (ASI) […]
Nigerian Pension Fund Index closed the year ended 2021 with a double-digit gain of 16.96%, beating the stock market All Share Index which posted a return of 6.07%. Among the major performers, this year are the likes of Honeywell, Guinness, FBN Holdings, NAHCO which posted a return of 183%, 105% and 63% and 59% respectively. […]
As with most other years, 2021 brought fascinating developments in the financial market, especially as the path from the pandemic was far from certain. The performance of the financial market generally fell in line with expectations as fiscal and monetary stimulus packages resulted in a ‘pull to norm’. The equities market saw more domestic investors […]
By Dipo Olowookere The year 2021 on the floor of the Nigerian Exchange (NGX) Limited was interesting because of some intrigues that occurred, especially towards the end. The year closed with a shocker when it was announced that a two-year-old bank, Titan Trust Bank, was acquiring a 104-year-old Union Bank of Nigeria. This was not […]
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