Nigerian Breweries Plc (NB) was the best-performing stock in the NGX today, gaining 10%, marking a N29.9 billion equity gain. The stock closed at N31.90 from...
TotalEnergies Marketing and Presco posted massive gains today in the NGX, gaining 9.98% and 9.97% respectively. The gains recorded by these stocks took their share prices...
Guinness Nigeria’s share price has gained over 8%, trading at N55.60 as of mid-day on June 11, 2024. The gain is coming on the heels of...
Fidelity Bank was by far the most traded stock in the NGX today, with a turnover volume of about 605.257 million shares, even as the stock...
Foreign investors are set to receive approximately 60% of the shares on offer in Saudi Aramco’s recent $11.2 billion stock sale. This marks a major shift...
The first week of June concluded with a broadly bearish sentiment on the Nigerian Exchange (NGX), as the overall market witnessed declines. However, amidst the downturn,...
During trading hours on June 5, 2024, processor maker, Nvidia, surpassed the $3 trillion valuation mark, and became the second most valuable public company in the...
Oando Plc has announced the resumption of its stock on the Johannesburg Stock Exchange, less than 3 months after the equity was suspended from listing on...
The Nigerian Exchange (NGX) continued its bearish run this week, declining by a marginal 0.07% to close with an All-Share Index of 99,051.02 points, down from...
The Nigerian Exchange started June on a bearish tone, as investors’ sentiments were quite cautionary considering the nationwide strike. The All-Share Index closed at 99,118.86 points,...
After posting a 6.1% loss in April 2024, the NGX bounced back marginally in May, posting a 1.09% gain, as the All-Share Index closed at 99,300.38...
Nigerian stocks ended the month of May with a surprise gain after the NGX All-Share Index (ASI) staged consecutive gains this week, closing at 99,300.38 points....
Since May 28, 2024, the Mauritian-incorporated company, Tengen Holdings (Mauritius) Limited, has acquired approximately 59.403 million shares of Access Holdings, valued at roughly N1.012 billion. According...
The Board of Sterling Financial Holdings Company Plc will, at an annual general meeting (AGM), seek shareholders’ approval to raise up to N200 billion through various...
Two members of Dangote Group, Dangote Sugar Refinery and National Salt Company posted cumulative equity gains of N59.33 billion, as the Nigerian Exchange continued its bullish...
Nigeria’s Dangote refinery is planning a dual listing on the London and Nigerian stock exchanges, a senior executive announced on Tuesday. On Tuesday, media reports quoted...
The Chartered Institute of Stockbrokers (CIS) and Association of Securities Dealing Houses of Nigeria (ASHON) have expressed concern over the proposed amendment of the Central Bank...
Companies listed on the Nigerian Exchange (NGX) have declared total dividend payouts exceeding N1.5 trillion for the fiscal year 2023. The exceptional dividend payout was driven...
The Nigerian Exchange Limited (NGX) has delisted the Shares of Arbico Plc from its Daily Official List of NGX. This was contained in the Exchange’s Weekly...
The Nigerian equities market witnessed a downturn this week, as the NGX All-Share Index (NGXASI) declined by 0.52% week-on-week (WoW) to settle at 97,612.51 points. This...
Shareholders of Champion Breweries Plc have approved the allotment of 559,249,714 unallocated and unissued ordinary shares of 0.50 kobo each, from the company’s authorized share capital...
Banking stocks dragged the NGX to a second consecutive day of losses on May 23, as they cumulatively lost N108.54 billion of their market value. Since...
International Breweries has announced that it has received approval from the Securities Exchange Commission (SEC) to proceed with is proposed Rights Issue. This was contained in...
The United Kingdom (UK) Government said that it is committed to supporting Nigeria’s capital market development through its Mobilising Institutional Capital Through Listed Product Structures (MOBILIST) programme....
Nestle Nigeria Plc hit the N900 share price as it appreciated by 9.76% today. This marks the first time since April 19 that the stock has...
MTN Nigeria’s market value increased by N126 billion on May 20 as its market cap moved from N4.70 trillion to N4.83 trillion. MTN was a significant...
Companies listed on the Nigerian Exchange (NGX) have declared total dividend payouts exceeding N1.5 trillion for the fiscal year 2023. This marks the highest dividend payout...
The Nigerian Exchange Limited (NGX) has admitted additional 402,082,657 ordinary shares of 50 Kobo each per share of Cadbury Nigeria Plc on its platform. This was...
Oil and gas as well as banking stocks were some of the biggest losers in the Nigerian Exchange (NGX) during the week ending May 18, 2024. ...
Stanbic IBTC Holdings Plc is looking to raise N150 billion through a rights issue programme and N400 billion through a debt issuance programme, amounting to a...
The board of MRS Oil Nigeria Plc has said that as part of exit consideration from the Nigerian Exchange Limited (NGX), it will pay dissenting shareholders...
On Thursday, 1.009 million shares of Airtel Africa were traded, leading to the group’s market value rising by N665 billion to N8.08 trillion. This marks an...
Leading insurance companies in Nigeria paid N141.761 billion in claims in the financial year of 2023, compared to N120.563 billion in 2022, representing a growth of...
PZ Cussons Nigeria Plc has incurred a market value loss of approximately N70.5 billion since May 7, 2024. This downturn persisted today, with the company witnessing...
For the second consecutive day, NGX demonstrated bearish trends, marking a decline of 0.77%, with the All-Share Index closing at 97,473.98 points, down from yesterday’s 97,708.74...
The Nigerian Exchange (NGX) exhibited a second consecutive day of bearish trends, with the All-Share Index falling by 0.77%. The index closed at 97,473.98 points, down...
Bamboo has launched Nigerian stocks on its platform to allow young citizens to fully participate in the Nigerian capital market. Bamboo is a digital brokerage firm...
Nigerian Exchange Group Plc realized N6.959 billion from transaction fees and treasury investment income in the 2023 financial year ended 31 December 2023. This was contained in the...
The Association of Capital Market Academics of Nigeria (ACMAN) says the Securities and Exchange Commission(SEC)’s new rules, which propose limitations on the amount of debt capital that can be raised...
Story highlights Nigerian banking stocks have suffered a sharp decline in the second quarter, exacerbated by the Central Bank’s recapitalization directive. The FUGAZ stocks, comprising major...
Nigerian Exchange Limited (NGX) has listed N4.075 billion of AVA Infrastructure Series 1 Fund on its trading platform. In a press release, signed by the head,...
Story Highlights The Securities and Exchange Commission (SEC) has introduced new regulations governing the issuance and allotment of securities by private companies. The rules outline penalties...
During the past two trading sessions, the share price of PZ Cussons Nigeria witnessed a depreciation of 19.94%, settling at N30.80 per share at the close. ...
FBN Holdings has announced that Mr. Tunde Hassan-Odukale has officially stepped down as Chairman of First Bank of Nigeria Limited, following the expiration of his tenure....
Shareholders under the aegis of the New Dimension Shareholders Association of Nigeria have called on the new Acting Director-General of the Securities and Exchange Commission (SEC),...
The Nigerian Exchange Group (NGX) has relieved some staff members of their jobs days after its annual general meeting (AGM) which was held in Lagos. Multiple...
Story Highlights The Nigerian Exchange Group (NGX) conducted a significant downsizing shortly after its annual general meeting in Lagos, officially terminating 25 employees, contrary to earlier...
This week started on a bearish note in the Nigerian Exchange (NGX), which posted a 0.89% decline to close today with an All-Share Index of 98,703.68...
Investors of Airtel Africa Plc, one of the major telecommunications companies quoted on the Nigerian Exchange Group Plc (NGX), recorded a loss of about N826 billion...
UBA released its unaudited financial results for Q1 2024 showing pre-tax profit grew by 154.74% year-on-year to 156.344 billion. This outcome reflects the mixed nature of...
UBA released its unaudited financial results for Q1 2024 showing pre-tax profit grew by 154.74% year-on-year to 156.344 billion. This outcome reflects the mixed nature of...
UBA released its unaudited financial results for Q1 2024 showing pre-tax profit grew by 154.74% year-on-year to 156.344 billion. This outcome reflects the mixed nature of...
As part of Transnational Corporation Plc’s proposed share reconstruction, the total number of issued ordinary shares of the company will be reduced by consolidating the issued...
The global concrete and cement market size is estimated to grow by $469.01 billion from 2023 to 2027, according to Technavio market research report. This growth is expected to occur...
UBA has released its unaudited financial statements for Q1 2024, with the group posting a pre-tax profit of N156.3 billion, marking a 155% year-on-year increase from...
FBN Holdings Plc, one of the old generation banks listed on the Nigerian Exchange Group Plc (NGX), reported a significant gain of approximately N238.703 billion by...
MTN Nigeria has said that it utilized the improved liquidity in the FX market to reduce the balance of outstanding letters of credit (LC) obligations to...
MTN Nigeria has said that it utilized the improved liquidity in the FX market to reduce the balance of outstanding letters of credit (LC) obligations to...
The NGX kicked off the month of May on a bullish note with the All-Share Index appreciating by 0.55%, gaining 537.15 points to close at 98,762.78...
The Nigerian Exchange Limited (NGX) has fined three quoted companies the sum of N49.500 million for their failure to file audited financial statements after the regulatory...
FCMB Group Plc, one of the nation’s commercial banks, will seek shareholders’ approval to raise N150 billion capital at the group’s annual general meeting (AGM) scheduled...
The NGX All-Share Index experienced a significant decline in April, losing N3.57 trillion in market value. This downturn represents the first monthly decline for the...
Inam Wilson, the appointed liquidator of Greif Nigeria Plc, has said that the process of voluntary wind-up is still ongoing. In a notice of Status of...
Shareholders of Nigerian Exchange Group (NGX) Plc have given their approval for the group’s initiative to raise capital of up to N10 billion naira through a...
Between 2021 and 2023, about 15 firms have been delisted from the Nigerian Exchange Limited (NGX) due to varying reasons ranging from breach of regulatory requirements...
The Oyo State Government has set aside N691.3 million to invest in any future rights issuances by Wema Bank Plc. The announcement was made in a...
Foreign portfolio inflows into Nigeria’s Stock Market (NGX) reached N93.37 billion in the first quarter of 2024, marking a 415% increase compared to the same period...
TotalEnergies SE announced a first-quarter profit decline that was less than anticipated, thanks to a resilient oil market that mitigated the impact of reduced gas prices....
On Thursday, the Nigerian Stock Exchange (NSE) witnessed a modest uptick in its principal indicators, with the NGX All-Share Index (ASI) climbing by 48 points to...
Capital market operators have said that implementation of the Nigerian capital market master plan must be paramount for the new Director General of the Securities and...
Since the start of April 2024, the Nigerian stock market has been on a bearish run, with the All-Share Index (ASI) declining by 6.16% and the...
The Nigerian Stock Exchange (NGX) closed on a bearish note as selloffs overtook buying activities. The All-Share Index dipped by 1,190.24 points to settle at 98,121.30,...
The Board Stanbic IBTC Plc will seek shareholders’ approval to establish a Debt Issuance Programme of up to ₦400 billion to issue diverse debt securities through...
The Board of MRS Oil Nigeria Plc will, at the company’s Extraordinary General Meeting (EGM), request shareholders’ endorsement to voluntarily delist from the Nigerian Exchange Limited...
The NGX concluded its trading day in the red, with a dominant selling trend that surpassed buying interest. The All-Share Index fell by 353.51 points, ending...
The Nigerian Stock Exchange halted its streak of losses, marking an eleventh day with a modest rise of 125.30 points in the All-Share Index, ending at...