Stock traders in a stock market Nigerian stocks returned to gain on Wednesday as the benchmark index jumped rose per cent even though that was too paltry in obliterating the loss of the session before. GTCO, Nigeria’s biggest lender by market value, steered the climb alongside beer-maker Nigerian Breweries, with support from FBN Holdings and […]
Two years after listing shares on the Nigerian Exchange Limited (NGX), MTN Nigeria Communications Plc, yesterday, announced the Group’s plans to sell up to 575 million shares by way of a book build to institutional investors and fixed price to retail investors. According to the company, the offer is expected to open in November 2021, […]
Floor of the Nigerian Stock Exchange Nigerian stocks hit a new milestone on Monday as a tense investor scramble for the shares of the country’s biggest telecommunications companies – MTN Nigeria (MTNN) and Airtel Africa – catapulted the benchmark index by 2.93 per cent to 43,246.87 points equivalent to a market capitalisation, the peak level […]
By Dipo Olowookere Nigeria’s main stock market was down by 0.68 per cent on Friday, thanks to the profit-taking in shares of MTN Nigeria, UPDC and 13 others. The equity price of UPDC went down by 9.47 per cent to N1.53, Livestock Feeds dropped 8.68 per cent to N2.00, Prestige Assurance fell by 8.51 per […]
Nigerian Stocks Exchange (NGX) Nigerian stocks were weaker by 0.05 per cent on Wednesday after the benchmark index lost bond with the force of progress that had helped share value up since Friday. A couple of stocks dominated by financial services stocks, comprised of Lafarge WAPCO, Ecobank Transnational Incorporated, Access and Zenith, shed part of […]
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 […]
Nigeria’s stock market was bearish all through last week, forcing the valuation of quite a number of equities to a lower point of depression. The last trickle of banks’ audited financials into the market was a mixed bag of improvement and setback in terms of performance and that had adverse implications for investors’ hunger to […]
Red Star Express Plc said it recorded a turnover of N9.46bn for the financial year ended March 31, 2021. In a statement made available to our correspondent on Monday, the company also said it recorded a profit before tax of N220.79m and a total of N150.07m as profit after tax. The logistics firm said it […]
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