Nigerian stock market trading floor The Nigerian stock market extended bearish mood on Thursday on the back of sell pressure on Seplat Energy and 33 others. Specifically, the market capitalisation dropped further by N113 billion or 0.51 per cent to close at N22.044 trillion from N22.157 trillion on Wednesday. Similarly, the All-Share Index which opened […]
Nigerian equities saw a weak movement in price movement for the second day on the trot on Tuesday, inching up by as little as 0.01 per cent even though the quantity of shares traded rose by 94 per cent when set beside what was recorded on Monday. Investors placed sell orders on millions of shares […]
By Dipo Olowookere Nigerian stocks returned to the territory of the bears on Tuesday after depreciating by 0.01 per cent at the close of transactions by 2:30 pm. Renewed profit-taking in Oando, Access Bank, UBA, UAC Nigeria and 11 others weakened the market and caused the All-Share Index (ASI) to decrease by 6.14 points to […]
Price losses recorded by some companies in the petroleum marketing subsector, especially MRS and Eterna oil yesterday dragged the All-Share Index (ASI) by 0.01 per cent. Specifically, at the close of transactions yesterday on the Nigerian Exchange Limited (NGX), the ASI declined by 6.14 per cent, representing a decrease of 0.01 per cent, to close […]
Kayode Tokede The stock market of the Nigerian Exchange Limited (NGX) yesterday closed on a negative note with a decline of 0.01 per cent as investors’ take profit in MRS Oil Nigeria Plc, Eterna Plc and 19 other stocks. The stock market performance of yesterday witnessed Eterna dropping by 9.91, MRS Oil Nigeria depreciated by […]
The issue of bonds worth NGN 60 billion called on experience from across Nigeria’s legal and finance sectors. Nigerian energy company Ardova has issued NGN 60 billion (USD 146 million) in bonds as part of a debt issuance programme, raising funds for expansion and its working capital. Headquartered in Lagos, Ardova operates downstream retail and […]
Small and medium-sized enterprises need to enhance their capital base, embrace partnerships and adhere to high corporate governance standards to reap from the upcoming oil and gas sector, sector players said. Patrick Mweheire, the Chief Executive at Standard Bank Group, Eastern Africa and Chairman of Uganda Chamber of Mines and Petroleum said during the 2-day […]
Paul Bwiso, CEO USE, Chris Baryomunsi, the Minister of ICT, Charles Mbire, chairman MTN Uganda, Anne Juuko, CEO Stanbic Bank, South African High Commissioner to Uganda, Lulama Mary-Theresa Xingwana, Wim Vanhelleputte, MTN Uganda CEO, Richard Byarugaba, MD NSSF ring the bell symbolizing MTN Uganda’s official trading on the USE on Dec.06. The telco raised Shs535.9bn […]
Absa Cardless Withdraw at ATMs As more banks start to embrace cardless withdrawals, Absa has joined other banks like Standard Chartered and Stanbic in offering this functionality on Automated Teller Machines (ATMs). But unlike other banks, that use a voucher-based system Absa is offering another first. ALSO READ: Samsung has a new Expert Camera app […]
Uganda’s private sector posted its fourth month of consecutive growth as strong orders incentivised companies to increase staffing levels for the first time in six months, a survey showed on Friday. The Stanbic Bank Uganda purchasing managers’ index rose to 54.1 in November, down from 54.6 the previous month, according to the survey conducted by […]
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