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, […]
FBN Holdings Darasimi Adebisi Transactions in the shares of FBN Holdings (FBNH) topped the activity chart with 73.062 million shares valued at N906.755 million on the Nigerian Exchange Limited (NGX) yesterday. Followed was Guaranty Trust Holding Company with 25.039 million shares worth N715.263 million, while Universal Insurance traded 22.771 million shares valued at N4.919 million. […]
Proshare Nigeria Pvt. Ltd. COVID-19 Health Updates 21st of November 2021: Nigeria COVID-19 Status in 36 states and the Federal Capital Territory Confirmed: 213,589 cases (New: 57) Discharged: 206,518 Deaths: 2,974 (New: 1) Proshare Nigeria Pvt. Ltd. Proshare Nigeria Pvt. Ltd. PROSHARE ECONOMY Axxela Announces Its Long-term Issuer and Issue Ratings Upgrade With a Stable […]
13 Nigerian companies listed on the Nigerian Exchange Limited (NGX) remitted a total tax of N289.4billion The Federal Inland Revenue Service (FIRS) is one of the collecting agencies and recently declared it exceeded its target in the first eight months of 2021 Companies operating in Nigeria are meant to pay income tax, Education tax, National […]
The Nigeria Exchange Limited (NGX) has stated that trading of financial derivatives in Nigeria through the organised exchange will play a pivotal role in developing the nation’s bourse and the economy. Speaking at a virtual 6th Market Data Workshop, NGX Chief Executive Officer, Temi Popoola, said trading in derivatives aligns with the exchange’s commitment to […]
Kayode Tokede The stock market of the Nigerian Exchange Limited (NGX) yesterday sustained its positive sentiment, gaining N252.42billion as investors renewed interest in Airtel Africa Plc and 23 others.. The market positive performance was driven by price appreciation in large and medium capitalised stocks which are; Airtel Africa, MTN Nigeria Communications (MTNN), Ardova, Lafarge Africa […]
The market breadth closed negative with 20 losers, against 18 gainers [Reuters/Akintunde Akinleye] Trading at the domestic bourse started the week on Monday still on negative mood, taking the bearish sentiment to six consecutive trading sessions. The price depreciation was due to profit-taking sentiments in all the major sectors except the consumer goods and banking […]
Trading at the domestic bourse started the week on Monday still on negative mood, taking the bearish sentiment to six consecutive trading sessions. The price depreciation was due to profit-taking sentiments in all the major sectors except the consumer goods and banking sectors. Specifically, the All-Share Index shed 6.16 points or 0.02 per cent to […]
Lafarge restates commitment to human capital developing in Nigeria Lafarge Africa Plc, a leading solutions provider in the construction industry and a member of the Holcim Group, has again been recognised for its outstanding performance in gender inclusion and diversity within its ranks. The company has 45.5per cent of the seats available at the board […]
Thursday, September 23, 2021/7:05 PM/By Adaeze Nwachukwu, Proshare Research/Header Image Credit: EcoGraphics Proshare Nigeria Pvt. Ltd. The cement market rebounded in H1 2021 Post COVID-19, supported by increase demand despite the reduction in real disposable income. The H1 2021 performance of the major players in the product market supports this argument. Going Technical The technical […]
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