This is the news about Pounds to Naira rate at the official and black market exchange rate Today January 11, 2022. Read Naija News update on the official pounds rates as well as Black Market rates, Bureau De Change (BDC) rates, and CBN rates. The official rate today, Tuesday January 11th, 2022, for £1 pound […]
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NGX extends bearish trend by N75bn on MTNN loss
The domestic equities market sustained its bearish trend on Wednesday due to losses recorded by MTN Nigeria Communications (MTNN) and 13 others. Specifically, the market capitalisation inched lower by N75 billion or 0.34 per cent to close at N22.050 trillion from N22.125 trillion recorded on Tuesday. Also, the All-Share Index lost 144.35 points or 0.34 […]
NGX: Market capitalisation gains N71 billion
Nigerian Stock Market trade floor (Photo Credit: Bloomberg) The domestic equities market sustained its positive run on Thursday as demand for Lafarge Africa and FBN Holdings spurred a third consecutive gain in the market. Specifically, the All-Share Index inched higher by 131.19 points or 0.30 per cent to close at 43,607.94 from 43,476.75 posted on […]
Price Appreciation in BUA Foods, Lafarge Africa, Others Drive Stock Market by N70bn
BUA Cement Kayode Tokede The stock market of the Nigerian Exchange Limited (NGX) gained N70 billion on sustained bargain hunting in BUA Foods, Lafarge Africa, Nigerian Exchange Group (NGXGroup), UAC of Nigeria (UACN), United Capital and 20 other stocks. The appreciation drives NGX All Share Index (ASI) by 131.19 basis points or 0.30 per cent […]
Airtel, BUA, Others Influence ₦1.33trn Gain In First Trading Week At Stock Market
The Nigerian Stock Market ended on a positive note on Friday as the likes of Airtel Africa Plc, BUA Foods, Lafarge Africa Plc, and FBN Holdings Plc gained ₦1.33 trillion to end the first trading week. The stoke market last Friday saw all the share index increase by 2.7 percent to close at 43,854.42 basis […]
Dollar To Naira Exchange Rate Today 11 January 2022
This is the news about Dollar to Naira rate at the official and black market exchange rate Today January 11, 2022. Read Naija News update on the official dollar rates as well as Black Market rates, Bureau De Change (BDC) rates, and CBN rates . How Much Is Dollar To Naira Exchange Rate Today Official […]
8 elite companies control nearly half of stock market with N11trn
*Record 20% growth By Nkiruka Nnorom Eight companies listed on the Premium Board of the Nigerian Exchange Limited (NGX), otherwise known as elite issuers, account for 49.2 percent of the total equities market capitalization at the end of 2021. The companies, which also comprise some of the most capitalized stocks in the Exchange, recorded 20.1 […]
Dangote Cement, MTN, Airtel, BUA Cement, Nestle, Zenith, Others Contributed 90% to N22.3trn Market Cap in 2021
Kayode Tokede Dangote Cement Plc and 14 other highly capitalised stocks on the Nigerian Exchange Limited (NGX) contributed 90.2 per cent or N20.10 trillion to overall N22.3 trillion market capitalisation in 2021. The other highly capitalised stocks were MTN Nigeria Plc, Airtel Africa Plc, BUA cement, Nestle Nigeria Plc, Zenith Bank Plc, Guaranty Trust Holdings […]
2021 FULL YEAR: Stock market growth outpaces economy by 2.04%
STOCK *Investors gain N1.2trn *Analysts predict mixed performance in 2022 By Peter Egwuatu & Nkiruka Nnorom Against the backdrop of marginal economic recovery in 2021, Nigeria’s stock market recorded a slowdown in growth but the performance indices remained in positive territories. Though the sustained positive trajectory in the market was slower compared to that of […]
Dangote Cement, MTN, Airtel, BUA Cement, Nestle, Zenith, Others Contributed 90% to N22.3trn Market Cap in 2021
Kayode Tokede Dangote Cement Plc and 14 other highly capitalised stocks on the Nigerian Exchange Limited (NGX) contributed 90.2 per cent or N20.10 trillion to overall N22.3 trillion market capitalisation in 2021. The other highly capitalised stocks were MTN Nigeria Plc, Airtel Africa Plc, BUA cement, Nestle Nigeria Plc, Zenith Bank Plc, Guaranty Trust Holdings […]