Strive Masiyiwa, Econet wireless chairman The latest report prepared by Hartland-Peel is an update as of March 2022 and covers the Top 30 companies in Sub-Sahara Africa ex SA by market capitalisation. Below are highlights from the report. According to the report, MTN Group had the highest market capitalisation among other companies in the region, […]
Naira to dollar exchange Nigeria’s exchange rate risks surpassing N600/$1 at the unofficial FX market as foreign investors who were paid dividends for the 2021 financial year seek to repatriate their earnings. Naira currently trades at a record high of N588/$1 at the black market, as demand pressure continues to drive the rate higher. Similarly, […]
A worker walks past an outlet of South Africa’s MTN Group in Johannesburg, South Africa, February 23, 2016. REUTERS/Siphiwe Sibeko/File Photo The market cap of the Top 30 companies for January 2022 was US$116bn, up 4.7% in December. BUA Foods (Nigeria) and Access Bank (Nigeria) are new entrants in the Top 30, replacing Jumia Technologies […]
Nigerian Stock Exchange (NGX) Nigerian stocks rebounded on Wednesday as the benchmark index climbed by 0.28 per cent, its first time since 28th February, supported by investors’ interest in consumer goods equities and a few bank shares. FBN Holdings led the march, supported by Nestle, Nigerian Breweries, United Capital and Presco. Of the five sector […]
A worker walks past an outlet of South Africa’s MTN Group in Johannesburg, South Africa, February 23, 2016. REUTERS/Siphiwe Sibeko/File Photo The market cap of the Top 30 companies for January 2022 was US$116bn, up 4.7% in December. BUA Foods (Nigeria) and Access Bank (Nigeria) are new entrants in the Top 30, replacing Jumia Technologies […]
A worker walks past an outlet of South Africa’s MTN Group in Johannesburg, South Africa, February 23, 2016. REUTERS/Siphiwe Sibeko/File Photo The market cap of the Top 30 companies for January 2022 was US$116bn, up 4.7% in December. BUA Foods (Nigeria) and Access Bank (Nigeria) are new entrants in the Top 30, replacing Jumia Technologies […]
Nigerian stocks Nigerian stocks extended gains on Friday as the benchmark index rose 0.15 per cent, helping to sustain the positive momentum in the market ahead of the earnings season due to start any moment soon. Equities in Africa’s largest economy hit their peak level since September 2008 on Thursday, another milestone recorded by the […]
NGX Group Kayode Tokede The Nigerian Exchange Limited (NGX) listed Federal Government of Nigeria (FGN) $4 billion FGN Eurobonds, N171.17 billion FGN Savings Bonds and N720.04billion securities on its platform in January 2022. The listed securities on the bourse in January are BUA Foods’ N720 billion listing by introduction of 18,000,000,000 ordinary shares of N0.50 […]
At the end of January 2022, the Nigerian Exchange Limited (NGX) ended the month on a positive note amidst buy-interests and sell-pressures as the bulls dominated proceedings to suppress sell-pressures in the market. According to data from the Exchange, the ASI (All share Market Index) appreciated by 9.15% to close the month of January at […]
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, […]
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