Airtel Africa leads N1.04trn investor gains as NGX hits N70trn milestone
Post AMUGE
May 28, 2025
Onome Amuge The Nigerian Exchange (NGX) experienced a buoyant trading session on Tuesday, with its market capitalisation surpassing the N70 trillion mark for the first time, reaching a historical high. Equities investors reaped gains of N1.04 trillion as the market closed in positive territory, extending its previous session’s rally and pushing key performance indicators up […]
Aradel rally powers NGX to historic high as investors pocket N583bn
Post AMUGEMay 27, 2025
Onome Amuge The Nigerian equities market showcased remarkable resilience, commencing the trading week on a decidedly bullish note, propelling the All-Share Index (ASI) to a new historic high of 109,968.48 points. This fresh rally, buoyed by robust investor confidence, injected N593 billion into market capitalisation, pushing its valuation to an unprecedented N69.34 trillion. The market’s […]
Equities market down N274bn amid plunge in Dangote Sugar, Fidelity Bank
Post AMUGEMay 23, 2025
Onome Amuge The Nigerian Exchange (NGX) All-Share Index (ASI) experienced a downturn on Thursday, as equities investors collectively lost approximately N274 billion due to widespread profit-taking activities across the local bourse. This continued sell-off was particularly pronounced in several key stocks, with Transnational Corporation (TRANSCORP), Fidelity Bank Plc (FIDELITYBK), and Dangote Sugar Refinery Plc (DANGSUGAR) […]
Champion Plc, Lasaco Assurance drag equities market down N70bn
Post AMUGEMay 22, 2025
NB Plc leads trading with N3.1bn, Fidelity Bank, Zenith Bank shine Onome Amuge Investors in the Nigerian equities market experienced a downturn on Wednesday, with market capitalisation contracting by N70 billion. This decline was primarily driven by share price reductions in key stocks, notably Champion Plc, Lasaco Assurance, and McNichols Plc, which led the day’s […]
UBA, First Bank, Access, GTCO lead 2025 ranking of Nigeria’s strongest brands
Post AMUGEMay 22, 2025
Onome Amuge Nigeria’s financial institutions have emerged as the strongest brands in the country, with the banking sector increasingly asserting its dominance within the top ten, according to the latest report from Brand Finance, the UK-based brand valuation consultancy. The report indicated a growing recognition of the Nigerian banking sector’s resilience and adaptability, particularly given […]
Analysts predict market boost as MPC maintains 27.50% rate
Post AMUGEMay 21, 2025
Onome Amuge The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has, as anticipated, maintained its Monetary Policy Rate (MPR) at 27.5 per cent. This decision, unanimously reached by the committee, underscores a cautious approach aimed at anchoring inflation expectations and easing pressure on the naira amidst heightened global uncertainty. All other […]
Time Magazine names Aliko Dangote among top 100 philanthropists in the world
Post AMUGEMay 21, 2025
Says Dangote Foundation spends over N50bn yearly on ‘Giving Back to Africa’ Joy Agwunobi Aliko Dangote, chairman of the Aliko Dangote Foundation and President/Chief Executive of Dangote Industries Limited, has been named in the inaugural 2025 TIME100 Philanthropy list. This list recognises the 100 most influential leaders shaping the future of philanthropy worldwide. Dangote is the […]
MPC holds interest rate at 27.5% amid easing inflation
Post AMUGEMay 20, 2025
Onome Amuge The Central Bank of Nigeria (CBN) has opted to maintain its benchmark Monetary Policy Rate (MPR) at 27.5 per cent, a decision that aligns with a broad consensus among analysts and market observers. The announcement followed the latest meeting of the Monetary Policy Committee (MPC), concluding its 300th session today, May 20, 2025. […]
Cement stocks to deliver good returns to investors in 2025 -Report
Post AMUGEMay 20, 2025
Bamidele Famoofo Industrial goods stocks are sure bet for stock market investors given their positive fundamentals and opportunities for expansion in Nigeria’s infrastructure segment. A report released by Cordros Research indicates that the cement industry which is a key player in the sector is positioned for solid growth in 2025E, supported by resilient demand, pricing […]
All eyes on MPC as analysts bet on interest rates hold at 27.50%
Post AMUGEMay 20, 2025
Onome Amuge Nigeria’s Monetary Policy Committee (MPC) is widely anticipated to maintain its benchmark interest rate at 27.50 per cent for the second consecutive meeting when it concludes its 300th assembly on Tuesday. This decision comes amid a cooling inflation rate, which has eased to 23.71 per cent in April, according to the National Bureau […]