13 Nigerian companies listed on the Nigerian Exchange Limited (NGX) remitted a total tax of N289.4billion The Federal Inland Revenue Service (FIRS) is one of the collecting agencies and recently declared it exceeded its target in the first eight months of 2021 Companies operating in Nigeria are meant to pay income tax, Education tax, National […]
According to the Nigerian Exchange, there are over 156 listed firms with a total market capitalization of over N21 trillion While some companies’ stocks have made billions for shareholders, many are left to count their losses As the year draws to a conclusion, many people’s prospects of recovering are dwindling, while others will just have […]
Sustained profit-taking by investors on the Nigerian Exchange Limited (NGX), halted the five consecutive sessions of gains recorded last week, forcing the equities market to close on a downward note yesterday, as market capitalisation dipped by N12 billion. At the close of transactions yesterday, the All-Share Index (ASI) declined by 25.53 absolute points, representing 0.06 […]
Nigerian Stock Exchange Sustained Profit-taking Drags Market Capitalisation By N12bn Sustained profit-taking by investors on the Nigerian Exchange Limited (NGX), halted the five consecutive sessions of gains recorded last week, forcing the equities market to close on a downward note yesterday, as market capitalisation dipped by N12 billion. At the close of transactions yesterday, the […]
Speculators in the local equities market again sold off on Wednesday as the share price of First Bank Holding declined marginally following the heavy activity on the stock in the course of the share purchase by Femi Otedola. Also, the sell pressure on Transcorp Hotels and International Breweries drove the NGX to a negative performance […]
Positive sentiments continued in the local bourse as major indicators showed bullish feeling as the market continued to witness bargain hunting for value stocks from investors who exited trading on Wednesday with N25 billion gains. Analysts at Afrinvest Research have, however, maintained that the bullish performance will be extended on the back of bargain hunting […]
…others rely on cash flow to pay down debts. Nigeria’s largest telecommunications firm, MTN retained its position as the largest borrower on the stock exchange after it reported a total short- and long-term loan balance of N578 billion as of June 2021. MTN ranked higher than all the companies listed on the Nigerian stock exchange […]
The Nigerian stock market, yesterday, closed transactions on a positive note to halt the bearish sentiment of two consecutive trading days, as capitalisation gained N382 billion. Market analysts stated that, the upturn was buoyed by buy-interest on blue-chip stocks of the industrial, consumer goods, and banking sectors. The All Share Index (ASI) increased by 733.30 […]
On Wednesday, the Nigerian equities market halts the bearish trend as gains from high capitalised stock lift the market to a positive close. Despite trading in the negative zone for most of the day, late interest in bellwethers such as Nestle Nigeria, Dangote Cement and Presco ensured the market ended in the positive territory. Precisely, […]
The combined market capitalization of the stocks worth over one trillion (SWOOT) depreciated by 0.95% to close at N13.79 trillion from N13.92 trillion the previous week, reflecting a loss of N131.54 billion. Stocks included in this classification are AIRTELAFRICA, BUA CEMENT, DANGOTE CEMENT, NESTLE and MTNN Plc. Of the 5 stocks, only Airtel Africa Plc […]
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