Stock market opens negative, sheds N30bn

June 15, 2022 Amaka Ifeakandu, Lagos 0

Trading activities on the floor of Nigerian Exchange (NGX) yesterday opened the week on a negative note, shedding N30 billion. Market capitalisation of listed equities declined by 0.1 per cent to N28.634 trillion from N28.664 trillion reported the previous day. The NGX All Share Index also depreciated by 87.74 basis points to 53113.64 points from 53201.38 traded on Friday. Investors Read More

London Stock Exchange lauds Orjiako’s achievement at Seplat Energy

June 9, 2022 Amaka Ifeakandu, Lagos 0

The London Stock Exchange (LSE) has celebrated the achievements of Dr ABC Orjiako, the pioneer chairman of Seplat Energy Plc, Nigeria’s leading energy company. Seplat Energy Plc which is listed on both the Nigerian Exchange Limited (NGX) and London Stock Exchange is driving the country’s energy transition towards cleaner, more reliable energy. Orjiako retired last month after 13 years as Read More

Stock market loses N28bn

March 29, 2022 Amaka Ifeakandu 0

The bears yesterday dominated trading activities at the equity market, forcing the Nigerian Exchange (NGX) key market indicators to decline by 0.11 per cent on mixed sentiment amidst buy interests and profit-taking.expriencing in the market. Market capitalisation of listed equities fell by N28 billion. or 0.11 per cent to N25.245 trillion from N25.273 trillion reported on Monday. The NGX All Read More

Taiwan trade council to host expo in Abuja

September 9, 2021 Editor 0

The Taiwan External Trade Development Council (TAITRA) is set to host its 2021 exhibition in Abuja between September 14 and 16, 2021. This was disclosed in an official statement on their social media accounts on Thursday. The statement reads; “The Taiwan External Trade Development Council (TAITRA) invites you to visit the Taiwan Delegation at the Halal Expo Nigeria from Tuesday Read More

AELP link to boost trading between NGX, other African exchanges

August 1, 2021 Amaka Ifeakandu 0

The Nigerian Exchange (NGX) has said that cross-border trading from one African securities exchange to another has come a step closer after the African Securities Exchanges Association (ASEA) signed a contract to procure an order-routing system. The NGX said that seven of Africa’s leading securities Exchanges are working together in the African Exchanges Linkage Project (AELP) to boost pan-African investment Read More

Investors participation in stock market drops in May

June 27, 2021 Amaka Ifeakandu 0

The Nigerian Stock Exchange (NSE) recent report on domestic and foreign portfolio participation in equities trading showed that total equities market transactions decreased in May 2021 compared to the volume of transactions recorded in April 2021 as investors waited on the sidelines given the relative rise in interest rates. The report also showed that sell-offs by the domestic institutional investors Read More

GTbank prepares final transition as NGX suspends trade in shares

June 21, 2021 Segun Odunewu 0

In order to enable Nigeria’s biggest lender by market value, Guaranty Trust Bank (GTB) Plc, consolidate its businesses into a single group, the Nigerian Exchange has halted trading in the shares of Guaranty Trust Bank (GTB) Plc, as the bank moves to transit into a holding company. The transaction is to enable Nigeria’s biggest lender by market value to consolidate Read More

Investors’ wallet swells by N224.2bn last week as bulls run amok

June 13, 2021 Blessing Anaro 0

After a period of the equity market lurking around in the woods, the bulls sustained its dominance last week, favoring investors with additional N244.2billion to raise market capitalisation to a high of N20.4 trillion. Domestic Equities Market: Bullish Run Sustained as Investors Hunt for Bargains Last week, the NigerianStock Exchange(NSE) All-Share Index (ASI) rose 1.1per cent week-on-week (w/w) to settle Read More

Jaiz Bank declares N979.17m profit for Q1, 2021

May 6, 2021 David Agba 0

Financial result of Jaiz Bank Plc for the first quarter ended 31 March 2021 was released to the Nigerian Stock Exchange, the result show that the Bank’s gross revenue increased by 43% over the same period last year, from N4.18 billion to N5.99 billion. Profit before taxation increased significantly by 54% which amounted to N979.17 million as against N636.69 million Read More

Equity market surges 1.3% as naira sheds 300k at parallel market

April 25, 2021 Blessing Anaro 0

The Nigerian equity market bounced back to the green turf last week with its All Share Index (ASI) topping 1.3 per cent. This is as the foreign exchange (forex) saw the naira slump 300 kobo to close at N485 to the dollar. Last week, the Nigeria Stock Exchange (NSE)recorded gains on all trading sessions as investors cherry-picked bellwether stocks on Read More

Equity market sustains growth, gains N88bn

April 20, 2021 Amaka Ifeakandu 0

Trading activities on the floor of Nigeria Stock Exchange yesterday sustained growth profile, appreciating by N88 billion. Market Capitalisation of listed equities increased by 0.43 per cent to N20.418 trillion from N20.330 trillion traded on Monday. The NSE All Share Index also appreciated by 167.56 basis points to 39015.58 points from 38848.02 points reported the previous day. Investors traded 339.023 Read More

Ondo govt, firm to hold roundtable on legalisation of cannabis

April 12, 2021 Bode Olagoke 0

The Ondo state government in conjunction with Culturepreneur Clusters Limited and other partners will on June 7 and 8, 2021 hold a stakeholders’ roundtable on the benefits and opportunities of cannabis plant and CBD Oil in Nigeria. In a statement Monday in Abuja by the Senior Special Assistant to Ondo state governor on Agric and Agricultural Business, Mr. Akin Olotu, Read More

DMO lists N162.557bn 7-year Sovereign Sukuk Bond on NSE

March 18, 2021 David Agba 0

The Debt Management Office (DMO) has listed its third Sovereign Sukuk Bond of N162.557 billion, on the floor of the Nigerian Stock Exchange and FMDQ Securities Exchange. The Federal Government sovereign Sukuk due 2027 with 7 year tenor and was issued at a return rate of 11.200 per cent. The Sukuk which at the time of issuance was massively subscribed Read More

Volume of transactions at NSE dips by 19.66%

March 17, 2021 Amaka Ifeakandu 0

Volume of activities on the floor of Nigerian Stock Exchange yesterday declined by 19.67 per cent as investors continued to seat on the fence to watch the pullback and correction being experienced in the market. The NSE trading result for the day showed volume of transactions fell by 43.461 million as Investors traded 177.396 million shares valued at N2.676 billion Read More

Seplat shows commitment to environment, others

March 12, 2021 Amaka Ifeakandu 0

Seplat Petroleum Development Company Plc, a leading Nigerian independent energy company, has said it was committed to deploying resources and expertise to create and deliver sustainable value to meet the expectations of its various stakeholders. Its chief executive officer, Mr. Roger Brown, stated this at the Facts Behind the Sustainability Report presentation made to the Nigerian Stock exchange (NSE) through Read More

Bulls return as stock market gains N167bn

February 12, 2021 Amaka Ifeakandu 0

Transactions on the flour of Nigerian Stock Exchange yesterday returned to bullish trend, appreciating by N167 billion. Market Capitalisation of listed equities increased by 0.78 per cent to N21.456 trillion from N21.289 trillion reported the previous day. The NSE All Share Index also appreciated by 318.29 basis points to 41014.30 points from 40696.01 points traded on Wednesday. Investors exchanged 1.274 Read More

Stock market slumps further, loses N426bn

February 11, 2021 Amaka Ifeakandu 0

Trading actvuties on the floor of Nigerian Stock Exchange (NSE) yesterday moved further in a downward trend on low traded volume, shedding N426 billion. Specifically, Market Capitalisation of listed equities declined by 1.96 per cent to N21.289 trillion from N21.715 trillion reported in the previous day. The NSE All Share Index also depreciated by 814.15 basis points to 40696.01 point Read More

Bears chase bulls out as market sheds N363bn in one week

February 8, 2021 Blessing Anaro 0

Bears stormed the Nigerian Stock Exchange (NSE) last week, destroying part of the progress the bulls have made, depleting the market with N363 billion, leaving the market capitalization at N21.8 trillion. Aalysts say, sell-offs dominated trades all week. Investors were waiting in the wings to catch in on little gains made over time to sell at better prices. The result Read More

Equity market continues losing streak, sheds N164bn

February 2, 2021 Amaka Ifeakandu 0

Profit taking resurfaced on the Nigerian Stock Exchange has continued to impact negatively on equity market as the composite All Share Index closed lower, sheding 314.11 basis points. The NSE All Share Index also depreciated by 0.74 per cent to 42043.79 points from 42357.90 reported on Monday Market Capitalisation of listed equities also declined by N164 billion to N21.993 trillion Read More

Equity market remains on positive trend, gains N125bn

January 28, 2021 Amaka Ifeakandu 0

The price of equities closed higher on the floor of Nigerian Stock Exchange Thursday as buying pressure increased at the end of the transactions, gaining N125 billion The exchange thereby extended the bull transition for the forth successive sesdion on a high traded volume. Specifically, market capitalisation of listed equities appreciated by 0.57 per cent to N22.059 trillion from N21.934 Read More

Equity market sustains bullish run, gains N181bn

January 27, 2021 Amaka Ifeakandu 0

Trading acivities on the floor of Nigerian Stock Exchange yesterday remained higher, closing on increased buying interest, appreciating by N181 billion. Specifically, market capitalisation of listed equities increased by 0.83 per cent to N21.934 trillion from N21.753 trillion reported the previous day. The NSE All Share Index also appreciated by 345.79 basis points to 41930.73 points from 41583.94 points. Investors Read More

Bears return as equity market dips by N393bn

January 5, 2021 Amaka Ifeakandu 0

Trading activities on the floor of Nigerian Stock Exchange (NSE) Tuesday returned to negative trend as the NSE two market indicators declined by 1.8 per cent. Market capitalisation of listed equities depreciated by N393 billion to N21.122 trillion from N21.515 trillion reported the previous day. The NSE All Share Index also depreciated by 751.25 basis points to 40396.14 points from Read More

Equity market opens year on positive note, gains N459bn

January 5, 2021 Amaka Ifeakandu 0

Equity trading on the floor of Nigerian Stock Exchange (NSE) Monday opened year in a positive trend, increasing by N459 billion. Specifically, market capitalisation of listed equities appreciated by 2.18 per cent to N21.515 trillion from N21.056 trillion reported last week Thursday. The NSE All Share Index also appreciated by 876.67 basis points to 41147.39 points from 40270.72 points reported Read More

Volume of transactions at NSE rises by 85.4%

December 31, 2020 Amaka Ifeakandu 0

Volume of transactions on the floor of Nigerian Stock Exchange increased by 85.40 per cent as investors engaged in last minute repositioning in stocks expected to pay dividend at the end of the year. Investors traded 722.565 million shares valued at N4.380 billion in 5042 deals against 389.724 million shares cost N4.380 billion in 5042 deals. The NSE trading result Read More