Business Featured Stocks

NSE opens week with 0.08% growth on Zenith Bank rally

Reading Time: 2 minutes Trading on the nation’s bourse resumed on Monday on a positive note, following investors’ interest in shares of Zenith Bank, International Breweries (IB) and Flourmill. Speficially, the All-Share Index rose by 30.56 points or 0.08 per cent to close at 40,150.78 from 40,120.22 on Friday. Similarly, the market capitalisation improved by N16 billion or 0.08 Read More…

Business Featured Stocks

NSE reopens trading after Christmas holidays with N167bn gain

Reading Time: 2 minutes Image Credits: REUTERS, NSE. The Nigerian Stock Exchange reopened trading on Tuesday after the holidays to mark Christmas and Boxing Day celebrations with the All-Share Index crossing 39,000 mark. Specifically, the All-Share Index which opened at 38,800.01 inched higher by 310.16 points or 0.80 per cent to close at 39,110.17. Also, the market capitalisation rose Read More…

Business Featured Stocks

Dangote Cement, UBA, Zenith Bank sustain NSE rally by N235bn

Reading Time: 2 minutes Image Credits: NSE. The nation’s bourse on Tuesday recorded its seventh consecutive gain, appreciating further by N235 billion following buying interests in Dangote Cement, United Bank of Africa and Zenith Bank stocks. Specifically, the market capitalisation rose by N235 billion or 1.20 per cent to close at N19.805 trillion from N19.570 trillion achieved on Monday. Read More…

A Dangote Cement Plc logo stands on a barrier at the under-construction Dangote Industries Ltd. oil refinery and fertilizer plant site in the Ibeju Lekki district, outside of Lagos, Nigeria, on Thursday, July 5, 2018. The $10 billion refinery, set to be one of the worlds largest and process 650,000 barrels of crude a day, should be near full capacity by mid-2020, Devakumar Edwin, group executive director at Dangote Industries said in an interview.
Business Featured Stocks

Nigeria stock market gains N334bn on Dangote Cement share buyback

Reading Time: 2 minutes Image Credits: NSE. The Nigerian Stock Exchange (NSE) gained N334 billion on Monday due to buying interest in Dangote Cement and 22 other stocks. Specifically, the market capitalisation rose by N334 billion or 1.74 per cent to close at N19.570 trillion compared with N19.236 trillion achieved on Friday. Also, the All-Share Index which opened at Read More…

Business Featured Stocks

NSE market capitalisation inches higher by N199bn due to bargain hunting

Reading Time: 2 minutes Image Credits: REUTERS, NSE. The Nigerian equities on Tuesday,  extended its positive momentum with the market capitalisation increasing further by N199 billion, as investors stepped -up bargain-hunting ahead of 2021. Specifically, the market capitalisation rose by N199 billion or 1.09 per cent to close at N18.410 trillion compared with N18.211 trillion achieved on Monday. Also, Read More…