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 […]
…PTAD settles entitlements of retirees from 8 defunct firms BY VICTOR YOUNG THE Pension Transitional Arrangement Directorate, PTAD, has put smiles on the faces of retirees of no fewer than eight defunct Federal Government parastatals as part of the efforts to clear accumulated pensions and other benefits. This came as the directorate has restored 4,069 […]
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 […]
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 […]
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 […]
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 […]
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, […]
Equity investors on the Nigerian Exchange Limited, formerly Nigerian Stock Exchange, gained N9.59bn at the end of trading on Friday with 28 companies recording growth in their share prices. The NGX All-Share Index and market capitalisation appreciated by 0.05 per cent to close the week at 38,962.28 basis points and N20.30tn respectively from 38,943.87bps and […]
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 […]
The Nigerian Exchange (NGX) Limited has reviewed its sectoral market indices in order to reflect current trends at the stock market. The half-year review led to the entry and exit of some companies from several indices effective July 1, 2021. The Exchange explained that the indices were developed to allow investors to follow market movements […]
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