Inoni The first quarter of the year is always characterized by announcement of audited financial results by the quoted companies on Nigerian Exchange Group PLC (NGX PLC). One of the key drivers of an efficient market is the availability of authentic and regular information from quoted companies. It is a Post Listing Requirement that a […]
Kayode Tokede The value of Nestle Nigeria Plc, Nigerian Breweries Plc, Stanbic IBTC Holdings Plc and seven others stocks depreciated by N122.2 billion on the Nigerian Exchange limited (NGX) following investors profit-taking in anticipation of weak corporate earnings, among other factors. Other stocks that performed poorly in January were; Cutix Plc, Berger Paints Plc, C&I […]
Dangote Cement, BUA Cement, BUA Foods, and Nestle Nigeria led the list of most valuable manufacturing companies in Nigeria, following impressive market performance in the month of January 2022. The likes of Dangote and BUA Cement maintained their spot as the most capitalized manufacturing firms while newcomer, BUA Foods displaced Nestle to seat in third […]
First quarters are always characterized by the announcement of audited financial results by companies quoted on the Nigerian Exchange Group Plc (NGX Plc). One of the key drivers of an efficient market is the availability of authentic and regular information from quoted companies. It is a post listing requirement that a listed company must submit […]
Following renewed profit taking activity, the equities market halted five days gaining streak to close on a downturn yesterday, causing market capitalisation to plunge by N20 billion. Specifically, at the close of trading yesterday, the NGX All-Share Index depreciated by 37.83 basis points to 43859.30 points from 43897.13 points reported the previous day. Similarly, market […]
Trading activities on the Nigerian equities market this week, is expected to commence on a positive as investors reposition for the New Year. It is going to be a four day trading session as government declared Monday, January 3, 2022 as public holidays to mark New Year’s Day celebration. Analysts Optimism Analysts at Cowry Assets […]
SWOOT The combined market capitalization of the stocks worth over one trillion (SWOOTs) appreciated by 1.97% to close at N15.79 trillion from N15.48 trillion the previous week, reflecting a gain of N305.66 billion. Stocks included in this classification are AIRTELAFRICA, BUA CEMENT, DANGOTE CEMENT, NESTLE and MTNN Plc. Stock Performance Airtel Africa Plc – N1,050.50 […]
Kayode Tokede The stock market of the Nigerian Exchange Limited (NGX) yesterday halted its previous five consecutive day positive outing to close on a negative note for the first time in the year as the All-Share Index declined by 0.09 per cent. The NGX All-Share Index declined by 37.83 per cent or 0.09 per cent, […]
Nigeria’s financial services industry will grow by 8.32 per cent in 2022, according to Mr Bismarck Rewane, the Managing Director/Chief Executive Officer, Financial Derivatives Company. Rewane, the keynote speaker at the Nigerian Economic Outlook 2022 webinar organised by First Bank of Nigeria Ltd. on Thursday in Lagos, hinged the predictions on increased partnership and collaborations […]
The National Information Technology Development Agency has said 1,213 firms have complied with the Nigeria Data Protection Regulation. NITDA’s Head of Corporate Affairs and External Affairs, Mrs Hadiza Umar, disclosed this in a statement on Friday, titled ‘NITDA publishes a list of NDPR-compliant organisations for 2020-2021’. The statement said, “The list is an authoritative repository […]
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