Stock Exchange Bears’ dominance has remained unabated on the Nigerian Exchange Limited (NGX), as more bluechip stocks recorded price depreciation, causing the All-Share Index (ASI) to drop further by 0.19 per cent. Yesterday, the ASI dropped by 73.01 absolute point, representing a decline of 0.19 per cent to close at 37,585.25 points while the overall […]
The Nigerian Exchange (NGX) Limited has reviewed its sectoral market indices in order to reflect current trends at the stock market. The half-year review led to the entry and exit of some companies from several indices effective July 1, 2021. The Exchange explained that the indices were developed to allow investors to follow market movements […]
Friday, June 11, 2021/ 03:00PM / United Capital Research / Header Image Credit: iStock Proshare Nigeria Pvt. Ltd. Anglophone West Africa Nigeria According to the Debt Management Office (DMO), Nigeria’s total public debt increased marginally by 0.6% from N32.9trn as of Dec-2020, to N33.0trn. Lagos State led other states with a total debt of N507.4bn, […]
[FILES] The reception area at the Nigerian Stock Exchange in Lagos, Nigeria. PHOTO: Ruth McDowell/ 2019 Bloomberg Finance As Onyema ends tenure as NSE’s CEO Following losses by most blue-chip stocks, the Nigerian Stock Exchange (NSE) sustained a sliding profile at the opening of the week yesterday, leading to a fall in market capitalisation by […]
Our Reporter Kogi State Government has restructured its sub-national bonds to extend the maturity date of the two bonds by three years. The government restructured its Kogi State N5 billion Series I 15 per cent Fixed Rate Bond and N3 billion Series II 17 per cent Fixed Rate Bond under the state’s N20 billion debt […]
Friday, March 26, 2021/ 12:50PM / United Capital Research / Header Image Credit: Worldbank Group Anglophone West Africa Ghana Rating agency, Fitch assigned Ghana’s (B/Stable) proposed senior unsecured foreign-currency bonds a ‘B’ rating. Fitch highlighted the bond’s sensitivity to certain factors such as public finances, external finances, and the general macro-environment in Ghana. Ghana’s central […]
Friday, March 26, 2021/ 12:50PM / United Capital Research / Header Image Credit: Worldbank Group Anglophone West Africa Ghana Rating agency, Fitch assigned Ghana’s (B/Stable) proposed senior unsecured foreign-currency bonds a ‘B’ rating. Fitch highlighted the bond’s sensitivity to certain factors such as public finances, external finances, and the general macro-environment in Ghana. Ghana’s central […]
NSE trading floor. PHOTO: FEMI ADEBESIN-KUTI Although price gains outweighed losses, transactions on the equity sector of the Nigerian Stock Exchange (NSE) was upbeat yesterday, occasioned by bargain-hunting in some high capital stocks, as market capitalisation appreciated by N45 billion. The All-Share Index (ASI) grew by 86.97 absolute points or 0.21 per cent increase to […]
The market gain was driven by price appreciation in large and medium capitalised stocks [Reuters/Akintunde Akinleye] Reuters Activities on the nation’s bourse resumed the week on Monday on a positive note following investors’ interests in Dangote Cement and Airtel Africa. Specifically, the All-Share Index inched higher by 86.97 points or 0.21 per cent to close […]
Friday, February 12, 2021/ 12:40PM / United Capital Research / Header Image Credit: Umaizi Proshare Nigeria Pvt. Ltd. Anglophone West Africa Ghana Ghana’s Parliament has shut down for at least three weeks over a surge in coronavirus cases among lawmakers and staff. At least 17 members of parliament and 151 support staff have been infected […]
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