MTN, TotalEnergies, Julius Berger top stocks to watch this week

MTN, TotalEnergies, Julius Berger top stocks to watch this week

The pace at which corporate results for the 2021 financial year were released gained new intensity last week, and the performances of some companies were strongly remarkable attractive enough for investment. At this time of the earnings season when performance is varied and mixed across sectors, analysts advise that investors watch out for stocks with […]

Market capitalisation sustains rebound with N218 billion gain

Market capitalisation sustains rebound with N218 billion gain

The Nigerian Exchange Limited (NGX) sustained a rising profile at the end of yesterday, as bargain hunting in the shares of 20 blue-chip companies lifted market capitalisation further by N218 billion. Specifically, the All-Share Index (ASI) grew by 416.24 absolute points, representing an increase of 0.99 per cent to close at 42,435.16 points. While market […]

Nigeria’s Drug Agency, NDLEA Arrests Italy-Bound Man With 101 Heroine Wraps Inside Cassava Flour

Nigeria’s Drug Agency, NDLEA Arrests Italy-Bound Man With 101 Heroine Wraps Inside Cassava Flour

An Italy-bound suspected drug trafficker, Inusa Abdulrazaki, has been arrested by the operatives of the National Drug Law Enforcement Agency (NDLEA), after being found with 101 wraps of heroin. He was nabbed on November 19 at Gate C -Departure hall of the Murtala Muhammed International Airport (MMIA), Ikeja, Lagos on his way to Italy via […]

Cocaine, Indian hemp concealed in black soap intercepted at Lagos airport

Cocaine, Indian hemp concealed in black soap intercepted at Lagos airport

The National Drug Law Enforcement Agency (NDLEA) has seized consignments of London-bound cocaine, heroin and methamphetamine and Indian hemp at the Murtala Muhammed International Airport, Lagos. NDLEA’s Director, Media and Advocacy, Mr Femi Babafemi, disclosed this in a statement issued on Sunday in Abuja. Twenty parcels of cocaine was seized during outward routine clearance of […]

Nigeria: Stock Market Close Lower On Profit-Taking in Banks, Insurance Shares

Nigeria: Stock Market Close Lower On Profit-Taking in Banks, Insurance Shares

The Nigerian equities market commenced the week on a negative note yesterday following drive by investors to take profit in banking and insurance shares. Accordingly, the Nigerian Exchange Limited (NGX) All-Share Index (ASI) dropped by 37.45 basis points, representing a decline of 0.10 per cent, to close at 38,906.42 basis points. Similarly, the market capitalization […]

Buy-interest In GTCO, Oando, Others LiftStock Market by N11bn

Buy-interest In GTCO, Oando, Others LiftStock Market by N11bn

Darasimi Adebisi The equities market of the Nigerian Exchange Limited (NGX) yesterday closed trading activities on a positive note, halting the three consecutive trading losses as investors’ investment went up by N11 billion. The positive performance was driven by investors’ buy-interest in Insurance, Oil & Gas, and Consumer Goods stocks listed on the NGX. Consequently, […]