Friday, December 10, 2021/ 03:00PM / United Capital Research / Header Image Credit: World Bank Anglophone West Africa Nigeria The National Bureau of Statistics (NBS) released the Q3-2021 Foreign Trade in Goods Statistics, showing that Nigeria’s total trade in merchandise increased by 58.6% y/y in Q3-2021 to N13.3bn (a 10.4% q/q increase from Q2-2021). Furthermore, […]
The Nigerian Stock Exchange building (image used for illustration) [Reuters/Akintunde Akinleye] Activities on the nation’s bourse kicked off the first trading session of the year on a positive note due to bargain hunting on BUA Cement. Specifically, the All-Share Index advanced by 309.79 points or 0.73 per cent to close at 43,026.23 against 42,716.44 recorded […]
As with most other years, 2021 brought fascinating developments in the financial market, especially as the path from the pandemic was far from certain. The performance of the financial market generally fell in line with expectations as fiscal and monetary stimulus packages resulted in a ‘pull to norm’. The equities market saw more domestic investors […]
Preparations for Yuletide have continued to take a toll on the equities sector of the Nigerian Exchange Limited (NGX) as investors’ wealth depreciated further by N7 billion. Specifically, the All-Share Index declined by 13.74 per cent, representing a decrease of 0.03 per cent, to close at 42,230.48 points. Similarly, the overall market capitalisation value lost […]
Nigerian stocks Nigerian stocks upped by 0.77 or N171.7 billion on Tuesday, an auspicious start for trade in the new year, even though there are still concerns around the chronically depressed levels of trade volume, which crumbled by more than half compared to that of Friday By the agency of gains recorded by BUA Cement […]
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 […]
Nigerian stocks Exchange Nigerian stocks inched up 0.2 per cent or N50.7 billion on Friday, almost completely wiping out the loss recorded at the preceding session, a broad-based advance aided by gains from food and beverages, banking and industrial goods sectors’ shares. International Breweries, United Bank for Africa and Dangote Cement led the climb, with […]
The Nigerian Exchange Limited (NGX) reopened on a downturn yesterday, occasioned by losses in many highly capitalised stocks, especially BUA cement and MTNN, causing market capitalisation to decline by N238 billion. The market resumed trading activities yesterday, after the Yuletide holidays declared by the Federal government on Monday and Tuesday, December 27th and 28th, 2021 […]
Seplat Energy Kayode Tokede Seplat Energy Plc on Thursday December 23 notified the Nigerian Exchange Limited (NGX) that its Board has terminated the contract of appointment of Austin Avuru as a Non-Executive Director. Seplat Energy told the NGX that Avuru’s appointment was terminated on December 22, 2021, “due to breaches of the Company’s corporate governance […]
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 […]
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