By Dipo Olowookere The Chairman of FBN Holdings Plc, Mr Remi Babalola, has exited his position barely nine months after he was appointed to occupy the seat. The former Minister of State for Finance was appointed by the Central Bank of Nigeria (CBN) on April 29, 2021 , to head the board of directors of […]
The Nigerian Stock Exchange building (image used for illustration) [Reuters/Akintunde Akinleye] Activities in the domestic equities market carried on last week’s bearish performances with the indices dropping by 0.38 per cent, amid sell pressure. Thus, the All-Share Index declined by 159.31 points or 0.38 per cent to close at 42,008.60 from 42,167.91 on Friday. Consequently, […]
The domestic equities market sustained its bearish trend on Wednesday due to losses recorded by MTN Nigeria Communications (MTNN) and 13 others. Specifically, the market capitalisation inched lower by N75 billion or 0.34 per cent to close at N22.050 trillion from N22.125 trillion recorded on Tuesday. Also, the All-Share Index lost 144.35 points or 0.34 […]
By Dipo Olowookere The Nigerian Exchange (NGX) Limited appreciated by 0.20 per cent on Friday, driven gain in Dangote Cement shares and others during the session. The All-Share Index (ASI) increased yesterday by 83.08 points to 42,353.31 points from 42,270.23 points, while the market capitalisation rose by N50 billion to N22.107 trillion from N22.057 trillion. […]
Good day, Nigeria, welcome to Naija News roundup of business/finance news headlines for today Tuesday, December 21st, 2021. Nigerian stocks’ rise on Monday could hardly pass as gain as the benchmark index managed to add 0.1 per cent amid a drop in the volume of trade by 30 per cent. The little appreciation would not […]
Floor of the Nigerian Stock Exchange Nigerian stocks posted loss for the fourth day in a row on Thursday, declining 0.51 per cent as sell-offs in bellwether stocks including Seplat, MTNN, GTCO and Zenith triggered the pullback. All the five sector indexes tracked by the bourse contracted, with the oil and gas index taking the […]
High transactions in the shares of Oando, FBN Holdings and Guaranty Trust Holding Company (GTCO) lifted the volume of shares traded last week, as a turnover of 3.435 billion shares worth N30.9 billion was recorded in 21,109 deals by investors. A breakdown of activities on the Nigerian Exchange Limited (NGX), last week, indicated that the […]
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 […]
The value of investments can go down in value as well as up, so you could get back less than you invest. Past performance does not necessarily indicate a financial product’s future performance. This website aims to provide information to help you make your own informed decisions. Our publications, ratings and analysis should be viewed as an additional investment resource, not as your sole source of information. This website does not provide personal advice based on your circumstances. To obtain advice tailored to your situation, please contact a professional financial adviser.