By Dipo Olowookere The Nigerian Exchange (NGX) Limited depreciated on Thursday by 1.77 per cent on the back of profit-taking in the shares of UPDC, Dangote Cement and 13 others. The duo lost 10.00 per cent each yesterday to close at N9.00 and N252.00 respectively, while Neimeth went down by 6.86 per cent to N1.63, […]
By Dipo Olowookere Nigerian Exchange (NGX) Limited has rejigged its market indices, with some companies leaving and joining, according to a statement made available to Business Post . It was stated that the review became effective from Tuesday. January 4, 2022, and the affected indices are the NGX 30, NGX Lotus Islamic, NGX Pension, Corporate […]
Last week, the valuation of stocks on the Nigerian Exchange rose by 1.16 per cent as more fund chased shares in affirmation of investors’ faith that the market could still deliver good yield beyond the earnings season. The market has returned 5.17 per cent year to date and there are possibilities that that will be […]
By Providence Adeyinka The Board of Directors of Nigerian Breweries Plc, has announced the appointments of Asue Ighodalo and Juliet Anammah as new Non-Executive Directors. In a notice to the Nigerian Exchange Limited, NGX, signed by the Company Secretary/ Legal Director, Uaboi Agbebaku, the Company stated that the appointments of the duo take effect from […]
Activities in the domestic equities market carried on last week’s bearish performances with the indices dropping by 0.38 per cent, amid sell pressure. Thus, the All-Share Index declined by 159.31 points or 0.38 per cent to close at 42,008.60 from 42,167.91 on Friday. Consequently, the month-to-date loss increased to 2.9 per cent, while the year-to-date […]
The Nigerian Stock Exchange building (image used for illustration) [Reuters/Akintunde Akinleye] Activities in the domestic equities market carried on last week’s bearish performances with the indices dropping by 0.38 per cent, amid sell pressure. Thus, the All-Share Index declined by 159.31 points or 0.38 per cent to close at 42,008.60 from 42,167.91 on Friday. Consequently, […]
It got an approval-in-principle to start a non-interest banking unit to be known as Alternative Bank Limited. Sterling Bank obtained the Central Bank of Nigeria (CBN) ‘s go-ahead to transform to transform to a holding company subject to meeting certain conditions outlined by the regulator. It also got an approval-in-principle for a permit to start […]
By Dipo Olowookere An approval-in-principle has been granted by the Central Bank of Nigeria (CBN) to Sterling Bank Plc for its non-interest banking business known as Alternative Bank Limited. Sterling Bank, a mid-level lender in Nigeria, intends to operate as a holding company and the apex bank has also already given the financial institution an […]
A mutual fund is a scheme that pools funds or money from various investors and then uses the pooled funds to invest in different asset types on behalf of the many investors from whom the funds had been pooled. In most cases, the investor knows that he or she is invested in one mutual fund […]
Kayode Tokede The stock market of the Nigerian Exchange Limited (NGX) depreciated by N13 billion in its Week-on-week (WoW) performance as bearish sentiment resurfaced on the domestic bourse. Investors profit-taking in Unilever Nigeria Plc, Nigerian Exchange Group (NGXGroup) and CUTIX Plc shares down the market capitalisation to N21.926trillion last week. Hence, the NGX All-Share Index […]
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