Nigerian Exchange [Photo Creadit: Business Live Nigeria] Gains recorded by some large and medium capitalised stocks on Thursday lifted market capitalisation by N42 billion. The stocks include Oando, UACN, Jaiz Bank and R.T Briscoe. Specifically, the market capitalisation rose to N25.527 trillion, representing an increase of 0.16 per cent from the N25.485 trillion on Wednesday. […]
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Eterna, CWG Close as Worst-Performing Stocks as Market Sheds 0.02%
By Dipo Olowookere The Nigerian Exchange (NGX) Limited suffered a marginal 0.02 per cent loss on Monday following sell-offs in some equities like Eterna, MTN Nigeria, CWG, GTCO and others. Eterna and CWG closed the trading session as the worst-performing stocks after losing 10.00 per cent each to settle at N5.04 and 99 kobo respectively. […]
NGX Index Rebounds by 0.85% as Oando Gains 10%
By Dipo Olowookere Transactions on the floor of the Nigerian Exchange (NGX) Limited closed bullish on Thursday with a 0.85 per cent growth inspired by Oando, which appreciated by 10.00 per cent. The company led the price gainers’ chart of 23 members yesterday after its share price closed at N5.17 compared with the preceding day’s […]
Gains in Access bank, Guinness, 25 Others Lift Stock Market By N54bn
Kayode Tokede The stock market of the Nigerian Exchange Limited (NGX) yesterday ended the three-day investors’ profit-taking buoyed by bargain hunting in Access Bank Plc, Guinness Nigeria, and 25 others as the overall market capitalisation gained N54 billion. The overall market capitalisation size gained N54 billion to close at N25.411 trillion from N25.36 trillion it […]
Nigeria: Access Bank, ETI, Zenith, 10 Others Generates N5.96 Trillion From Loans to Customers in 3 Years
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 […]
Nigeria: Access Bank, ETI, Zenith, 10 Others Generates N5.96 Trillion From Loans to Customers in 3 Years
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 […]
Here’s how 2022 stock picks are doing year-to-date
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 […]
CRR: CBN Debits Zenith Bank, Providus, FCMB, 11 Others N356.1bn
Kayode Tokede For the first time in 2022, the Central Bank of Nigeria (CBN) has wielded the big stick and debited Zenith Bank Plc, Providus Bank, First City Monument Bank (FCMB) Limited and 11 other banks N356.1billion for failing to meet its 27.5 per cent Cash Reserve Requirement (CRR) obligation. The fresh debit, which THISDAY […]
Okomu, other laggards drive stock market’s negative start to new week
The Nigerian Exchange Limited (NGX) All Share Index (ASI) decreased to 47,203.39 points from 47,279.92 points while the value of listed stocks dropped to N25.436trillion, from N25.477trillion. Nigeria’s stock market opened this new week on a negative note, driven majorly by declines in prices of Okomu Oil Palm Plc , NEM Insurance Plc, Pharma Deko, […]
Stock Market Down N98bn onSell-off in MTN, Zenith Bank, 31 Others
NGX Group Kayode Tokede Investors’ profit-taking in MTN Nigeria, Zenith Bank Plc, 31 other stocks down the Nigerian Exchange Limited (NGX) by N98billion. The overall market capitalisation value yesterday lost N98 billion to close at N25.289 trillion from N25.387trillion it opened for trading. Consequently, the NGX All-Share Index declined by 180.5 basis points or 0.38 […]