President Buhari, industry veterans headline NGX’s ‘Stock Africa is made of’ campaign launch
Charles AbuedeMay 18, 2021
Event held to amplify NGX’s positioning as leading capital market infrastructure provider Charles Abuede At the epochal event that seeks to re-energise Africans and validate the success stories with the theme, ‘The Stock Africa Is Made Of’, the Nigerian Exchange Group (NGX) at the campaign launch, amplified its positioning and commitment to the continent’s financial […]
Nigeria Exchange Group to launch campaign ‘The Stock Africa Is Made Of’
Wale AmeenMay 14, 2021
Wale Ameen Online Editor The Nigerian Exchange Group (Plc) formerly Nigerian Stock Exchange is will be launching a campaign that seeks to re-energise Africans and validate our success stories with the theme, ‘The Stock Africa Is Made Of’. According to the Group, the campaign will showcase the resilience, ambition, result-oriented spirit that makes Africans different. […]
SEC to stop unregistered CMOs from business operation from the end of May
Charles AbuedeMay 11, 2021
Charles Abuede The Securities and Exchange Commission (SEC), Nigeria’s securities and capital market regulator, has announced that it will, effective May 31, 2021, prohibit capital market operators (CMOs) that are yet to renew their registration from operations and trading activities. The commission disclosed this in a circular signed by the management and published on its […]
Equities market closed northward from price uptick in Dangote Cement, MTN, Nigerian Breweries
Charles AbuedeApril 29, 2021
Market investors claim N355.7bn profit from trading Charles Abuede The Nigerian equities market rebounded into winning ways on Thursday with N355.7 billion gain for investors following price uptick in major equities on the trading floor. Thus, the benchmark index reversed the previous session loss, gaining 1.75 per cent to close at 39,461.20 points following price appreciation […]
NGX records N274.2bn loss Wednesday due to losses in the bellwethers and waning sentiment
Charles AbuedeApril 28, 2021
Naira appreciated 0.1% at the I&E FX market segment Charles Abuede The successive downtrends from Tuesday’s trading session was sustained by the local equities market midweek as the benchmark index declined by 1.3 per cent to close at 38,781.48 points following losses in Dangote Cement (-7.3%), International Breweries (-8.8%), and GTBank (-0.5%) which was spurred on by the waning investor […]
Equities market reversed gains on Tuesday due to price decline in banking stocks as investors lose N6.8bn
Charles AbuedeApril 27, 2021
Charles Abuede The local equities market reversed its previous day’s gains on Tuesday as the benchmark index declined marginally by 0.03 per cent to close at 39,305.48 points while market investors lost N6.8 billion following losses in banking stocks such as GTBank (-0.5%), Access Bank (-1.3%) and UBA (-1.3%) that dragged the bourse into the south. As a result, the market year […]
Price appreciation in banking stocks pushed the local equities market into a marginal bullish close
Charles AbuedeApril 22, 2021
Investors gain N1.8 billion as analysts anticipate a bullish close this week Charles Abuede With the marginal reign of the bulls in the domestic equities market this week, the local bourse closed flat on Thursday and was largely driven by price appreciation in the banking stocks such as UBA (+2.1%), First Bank Holding […]
Investors earn N88bn as buying interest in MTN, Zenith, GTBank buoyed positive performance in the equities market
Charles AbuedeApril 20, 2021
Charles Abuede The Nigerian equities market extends its positive tempo going into the third trading session resulting from buying interest in MTN Nigeria (+1.0%), Zenith Bank (+2.8%), and GTBank (+1.7%) which buoyed market performance on Tuesday as the NGX All-Share index inched up 0.43 per cent in the session to peg the bourse at 39,015.58 basis points. This outing brought the […]
Bulls ruled on Thursday from buying interests in banking heavyweights as investors saw almost N4bn profit
Charles AbuedeApril 8, 2021
Charles Abuede The domestic stock market extended the bullish sentiment on Thursday as the All-Share Index rose 0.07 per cent to settle at 38,799.83 points due to buying interest in Zenith Bank (+3.8%), GTBank (+2.7%) and Access Bank (+1.9%). Consequently, market year to date loss at -3.7 per cent was sustained and market capitalisation appreciated by N3.9 billion to settle at N20.3 trillion. On the flip side, the level […]
Total value of all IPO deals in Q1’21 surged by 524%y/y to $210bn globally, statistics show
Charles AbuedeApril 7, 2021
Charles Abuede The total value of all initial public offering (IPO) deals completed in the first three months of 2021 witnessed a 524 per cent year on year growth to hit $201.1 billion in 2021, recent data presented by Buyshares and accessed by business a.m shows. Of the total value, the United States companies, […]