CAPITAL MARKETHow CBN’s tight monetary policies hit stock market The stock market plays an important role in mobilising domestic resources for productive investments. The stock market is regarded as an integral component of most economies since it signals the reallocation of assets among different economic units within an economy. The performance of the market is…
NGX investors lose N107bn in 3 days Following depreciation in the value of some stocks trading on the floor of the Nigerian Exchange (Limited), investors have now lost N107 billion in three consecutive trading sessions. Having gained 0.2 per cent and N57 billion on Monday, sell-offs returned to the market on Tuesday and Wednesday. Further…
CAPITAL MARKET Stock Market depreciates by N90.14bn After Two-day Sallah Break Opening the holiday shortened week over Sallah celebration, the stock market of the Nigerian Exchange Limited yesterday (NGX) commenced active trading this week with investors profit-taking in 25 stocks against 11 gainers that eventually down the market by N90.14billion. One of the indicators…
CAPITAL MARKET Airtel Africa, 14 Other Blue Chip Stocks Contributes 88.8% to NGX Market Cap Airtel Africa Plc and 14 others listed stocks on the Nigerian Exchange Limited (NGX) as of July 8, 2022 contributed about 88.8 per cent or N24.7 trillion out of the overall NGX N27.80 trillion market capitalisation, THISDAY findings have revealed.…
CAPITAL MARKET Neimeth Holds Board Meeting on N3.67bn Rights Issue Neimeth International Pharmaceuticals Plc yesterday in Lagos held a completion board meeting to float a Rights Issue of N3.67 billion through the Nigerian capital market. The Rights Issue which will commence August 3, 2022 will be used to raise the sum of N3,679,618,625 at the…
CAPITAL MARKET DMO lists N250bn Sukuk on NGX, FMDQ The Debt Management Office on Tuesday listed the N250bn, 10-year 13 per cent Ijarah Sovereign Sukuk due 2031 on Nigerian Exchange Limited and FMDQ Securities Exchange. The Ijarah Sovereign Sukuk was successfully listed on NGX, having fulfilled the conditions set by the Financial Regulatory Advisory Council…
CAPITAL MARKET Stock Market Commences Week on Negative Note, Depreciates by 0.07% The stock market of the Nigerian Exchange L:mited (NGX) yesterday opened the week on a negative note, reversing last session gains. The NGX All Share Index (ASI) decreased by 38.22 basis points or 0.07 per cent to close at 51,791.45 basis points, while…
OPEC Faces Critical Oil Production Decision as Nigeria Gets 1.826m bpd August Quota The Organisation of Petroleum Exporting Countries (OPEC) will in August decide whether to continue its current measured oil supply to the global market or set a new quota for its members as the ration agreed upon last year expires. This was just…
CAPITAL MARKET Public offer: MTN investors gain N35bn in 6 months Investors in MTN’s Public Offer for Sale conducted in December 2021 have gained an estimated N35 billion since the offer closed last year. The company listed its public offer price at about N169 per share when it made the offer public in December attracting…
CAPITAL MARKET NGX investors stake N13.7bn in 1.12bn shares in one week Despite losses recorded in the price of securities trading on the floor of the Nigerian Exchange Limited (NGX), a total turnover of 1.121 billion shares worth N13.703 billion in 22,350 deals was traded by investors. This is in contrast to a total of…