Nigerian Exchange Group (NGX) Despite price gains that outweighed losses, transactions on the equities sector of the Nigerian Exchange Limited (NGX) sustained a sliding profile yesterday, causing market capitalisation to dip further by N17 billion. Yesterday, the All-Share Index (ASI) shed 32.57 absolute points, representing a decrease of 0.08 per cent to close at 38,873.85 […]
Twenty-three companies listed on the Nigerian Exchange Limited recorded year-on-year losses worth N105.78bn in their market capitalisation as the half-year period ended in June. According to data from the NGX available to our correspondent, 23 firms led by CWG Plc failed to increase their share prices after a year of trading between June 30, 2020 […]
[FILES] The reception area at the Nigerian Stock Exchange in Lagos, Nigeria. PHOTO: Ruth McDowell/ 2019 Bloomberg Finance As Onyema ends tenure as NSE’s CEO Following losses by most blue-chip stocks, the Nigerian Stock Exchange (NSE) sustained a sliding profile at the opening of the week yesterday, leading to a fall in market capitalisation by […]
The total volume of trades declined by 6.19 per cent [Reuters/Akintunde Akinleye] Specifically, the All-Share Index lost 150.13 points or 0.39 per cent to close 38,766.61 compared with 38,916.74 achieved on Thursday. RECOMMENDED ARTICLES Also, the market capitalisation lost N78 billion to close at N20.283 trillion from N20.361 trillion achieved on Thursday. The market loss […]
Nigerian Stock Exchange NSE: Market Resumes From Easter Holidays With N78bn Loss The Nigerian stock market resumed after the Easter public holidays on Tuesday with a loss of 0.39 per cent due to persistent bearish trend, the News Agency of Nigeria reports. Specifically, the All-Share Index lost 150.13 points or 0.39 per cent to close […]
Joseph Olaoluwa The total expenses made on transportation and freight costs of oil products by three major oil marketing companies in the country in 2020 amounted to N3.68bn. This is in contrast to the N5.13bn the oil firms spent for the same purpose in 2019. The oil marketing companies, Total Nigeria Plc, MRS Oil Nigeria […]
Joseph Olaoluwa The total revenue generated by two of the major oil marketing companies in the country from the sale of aviation fuel plunged by 57.99 per cent in 2020, compared with 2019. Last year, the nation’s airports were closed on March 23, 2020 to stem the spread of the COVID-19 pandemic in the country […]
Aviation Fuel Terminal Aviation Fuel Revenue Falls By N20.03bn The total revenue generated by two of the major oil marketing companies in the country from the sale of aviation fuel plunged by 57.99 per cent in 2020, compared with 2019. Last year, the nation’s airports were closed on March 23, 2020 to stem the spread […]
NSE trading floor. PHOTO: FEMI ADEBESIN-KUTI Although price gains outweighed losses, transactions on the equity sector of the Nigerian Stock Exchange (NSE) was upbeat yesterday, occasioned by bargain-hunting in some high capital stocks, as market capitalisation appreciated by N45 billion. The All-Share Index (ASI) grew by 86.97 absolute points or 0.21 per cent increase to […]
By Taofik Salako, Deputy Group Business Editor The Nigerian Stock Exchange (NSE) has removed 17 companies from its market-gauging indices to ensure that the indices fully reflect the market situation and the underlying fundamentals they represent. At the end of the annual full-year market index review, the NSE removed 17 companies from seven indices while […]
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