Business Stocks

NGX records first year loss, down by N20bn

Reading Time: 2 minutes The Nigerian equities market halted its previous positive outing to close on a negative note for the first time in the year due to selling pressure on some blue chips. Specifically, the market capitalisation on Tuesday shed N20 billion to close at N23.630 trillion from N23.650 trillion achieved on Monday. Also, the All-Share Index which Read More…

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NGX announces the resignation of Onyema

Reading Time: 2 minutes The Nigerian Exchange Limited (NGX), has announced the resignation of Mr Oscar Onyema, as Non-Executive Director, ahead of NGX Group’s Friday listing. The Chairman, NGX, Mr Abubakar Mahmoud, said this in a statement on Thursday in Lagos. He said that the resignation was with immediate effect. Onyema’s resignation comes on the back of the imminent Read More…

Business Stocks Top Story

NSE goes public, goes bullish

Reading Time: 2 minutes The nation’s bourse on Wednesday overcame its negative posture growing by N128 billion following bargain buying in Dangote Cement and Nestle as well as news of approval of demutualisation. Specifically, the market capitalisation rose by N128 billion or 0.63 per cent to close at N20.369 trillion against N20.241 trillion recorded on Tuesday. Similarly, the All-Share Read More…

Business Featured Stocks

NSE opens week with 0.33% growth on Seplat, Lafarge Africa gains

Reading Time: 2 minutes Trading in the domestic equities market commenced the week on a positive note, growing by 0.33 per cent due to buying interests in Seplat, Lafarge Africa and Tier-1 banking stocks. Consequently, the All-Share Index on Monday inched higher by 131.82 points or 0.33 per cent to 40,571.67 from 40,439.85 recorded on Friday. Accordingly, the month-to-date Read More…

Business Featured Stocks

NSE market capitalisation crosses N22trn mark

Reading Time: 2 minutes The Nigerian Stock Exchange (NSE) market capitalisation on Thursday crossed above N22 trillion mark as a result of price appreciation posted by some blue chips. Accordingly, the market capitalisation inched higher by N125 billion or 0.57 per cent to close at N22.059 trillion against the N21.934 trillion posted on Wednesday. The All-Share Index crossed 42,000 Read More…

Business Featured Stocks

NSE resumes week with N40bn loss due to profit taking

Reading Time: 2 minutes The Nigerian stock market opened for the week on Monday with a loss of N40 billion, halting five consecutive days positive run. Speficially, the market capitalisation which opened at N21.530 trillion shed N40 billion to close at N21.490 trillion. Also, the All Share Index which opened at 41,176.14 lost 93.76 points or 0.23 per cent Read More…

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 loses N246bn in bearish trading

Reading Time: 2 minutes Image Credits: REUTERS. The bears dominated trading activities on the Nigerian Stock Exchange (NSE) on Friday with the market capitalisation losing N246 billion in six hours of trading. Specifically, the market capitalisation, which opened at N21.224 trillion shed N246 billion to close at N20.978 trillion. Similarly, the NSE All-Share Index decreased by 470.64 points or Read More…