By Adedapo Adesanya Access Bank Plc has become the latest company to sell its securities on the NASD Over-the-Counter (OTC) Securities Exchange. This happened after it completed its transition into a holding company and delisted its entire shares from the daily official list of the Nigerian Exchange (NGX) Limited, relisting under a new parent company […]
Transactions on the Nigerian Exchange Limited (NGX) continued in an upbeat mood yesterday, as gains in 30 stocks lifted market capitalisation further by N69 billion. Specifically, market capitalisation of listed equities increased by 0.27 per cent to N25.480 trillion from N25.411 trillion reported on Wednesday. Also, the NSE All Share Index, which measures the performance […]
With the growing lending to private and individual customers, a total of 13 banks have generated N5.96trillion interest income from loans to customers between 2020 and 2018. This has demonstrated banks’ drive to support the Central Bank of Nigeria (CBN) aggressively lending to support the real sector and boosting banks’ earnings. Nigerian Banks with branches […]
With the growing lending to private and individual customers, a total of 13 banks have generated N5.96trillion interest income from loans to customers between 2020 and 2018. This has demonstrated banks’ drive to support the Central Bank of Nigeria (CBN) aggressively lending to support the real sector and boosting banks’ earnings. Nigerian Banks with branches […]
Nigerian trading floor The upward trend at the domestic equities market continued on Thursday with a growth of N69 billion. Market capitalisation which opened at N25.411 trillion inched higher by N69 billion to close at N25.480 trillion. Similarly, the All-Share Index rose by 129.11 points or 0.27 per cent to close at 47,286.34 against 47,157.23 […]
No doubt, barely one month after, the market has not proven us wrong as year-to-date (YtD) positive return stayed at +10.18percent At the beginning of the year, we showcased Nigerian stocks investors should buy in this year 2022 as a guide to those seeking both capital appreciation and long term returns in form of dividend […]
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 […]
Analysis of the recently released data by the National Bureau of Statistics (NBS) on capital importation for Q3 2021 revealed that the total amount of foreign investment inflows into the Nigerian economy improved by 97.7% q/q and 18.5% y/y to US$1.73bn in Q3 2021 from US$0.88bn in Q2 2021 and US$1.46bn in Q3 2020. However, […]
Kayode Tokede Trading in the stock market of the Nigerian Exchange Limited (NGX) commenced the week yesterday with negative sentiments amid investors profit-taking in Presco Plc and 20 others. Specifically, the NGX All-Share Index (ASI) dropped by 37.35 basis points or 0.09 per cent, to close at 43,270.94 basis points from 43,308.29 basis points. 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 […]
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