Goddy Egene The Nigerian equities market witnessed further decline yesterday as investors appeared to be ignoring the 2018 financial results of companies. The market had shed 1.2 per cent in the first quarter of 2019 majorly due to political risks. Stakeholders have been hoping that the reduced political tension after the general elections and release […]
Oil pumps are seen after sunset outside Vaudoy-en-Brie, near Paris, France. Picture: REUTERS/CHRISTIAN HARTMANN Lagos — Nigerian oil company Oando aims to raise fresh capital over the next two years and repay debt used to acquire Conoco Phillips’ Nigerian assets, its CEO Adewale Tinubu said . Oando has transformed itself in the past few years […]
nigeria stock exchange Forte Oil Thursday led gainers during the day, appreciating by N2.45 kobo to close at N27.40 kobo, Vitafoam Nigeria Plc followed with a gain of N0.28 kobo to close at N3.85 kobo, Oando Plc appreciated by N0.15 kobo to close at N4.95 kobo, Zenith Bank Plc increased by N0.10 kobo to close […]
The Nigerian stocks market rose yesterday by 0.28 per cent amid renewed bargain hunting activity in Banking and Oil & Gas stocks. In summary, the All Share Index (ASI) gained 96.18 absolute points, representing a growth of 0.28 per cent to close at 34,933.86 points. Similarly, the market capitalisation gained N35 billion to close at […]
Trading on the Nigerian equities market began the month of September on a slightly negative note as the Nigerian Stock Exchange, All-Share Index (NSE-ASI) declined by 0.03 per cent, yesterday. NSE-ASI shed 10.95 absolute points, representing a decline of 0.03 per cent to close at 34,837.50 points. Also, the market capitalisation declined by N4 billion […]
Nigerian Stock Exchange Equity transactions on the floor of the Nigeria Stock Exchange (NSE), reopened September trading on a downward note yesterday, as most highly capitalised stocks recorded price depreciation, causing market capitalisation to plunge by N4 billion. Yesterday, the All-Share Index (NSE-ASI) declined by 10.95 absolute points, representing a decline of 0.03 per cent […]
Transactions reopened on the Nigerian Stock Exchange (NSE) on Thursday after the two-day public holiday to mark Eid-El-Kabir celebration with a growth of 1.57 per cent. Specifically, the All-Share Index which opened at 34,663.48 rose by 542.68 points or 1.57 per cent to close at 35,206.16 compared with 34,663.48 achieved on Monday. Similarly, the market […]
By Sopuruchi Onwuka Indigenous energy group, OandoPlc, which is trimming down from rapid bloat, has identified two core business areas that would sustain profitability, aid rapid recovery and lead growth in the medium to long term. Group Chief Executive, Mr. Wale Tinubu, is quoted by secondary sources as saying that the company’s exploration and production […]
Lagos — The bulls resurfaced in the equities market, at the close of trading at the Nigeria Stock Exchange ( NSE) with the All Share Index (ASI) closing higher by 1.57% to 35,206.16 points, as investors hunted bargains in DANGCEM shares. Consequently, the Month-to-Date and Year-to-Date losses moderated to -4.89% and -7.94%, respectively. The Industrial […]
Half-year earnings releases by listed companies on the Nigerian Stock Exchange have failed to impress investors, as the local bourse, Wednesday, recorded bearish sentiments for the fourth consecutive trading session. A review of equities trading activities showed the benchmark index, the Nigerian Stock Exchange All Share Index (NSEASI), shedding 0.09 percent to settle at 36,299.82 […]
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