CAPITAL MARKET Derivatives are useful tool for hedging financial risks’ The Chartered Institute of Stockbrokers (CIS) has stated that derivatives traded on the Exchange are essential in the market as they allow for market sophistication, transparent financial contracts as well as offer a useful risk management tool for implementing risk mitigation, or hedging strategies against…
CAPITAL MARKET NGX transactions hit N1.51tn in five months The total value of domestic and foreign transactions on Nigerian Exchange Limited for the first five months of the year 2022 rose to N1.51tn. This record shoots higher against N933.65bn, which was the total transactions carried out by both domestic and foreign investors in the corresponding…
CAPITAL MARKET NGX, others move to drive derivatives market The Nigerian Exchange Limited and other stakeholders in the stock market have expressed their commitment to boosting the Exchange-Traded Derivatives market. A statement said the NGX, in collaboration with the Chartered Institute of Stockbrokers and NG Clearing, would host a webinar to deepen the knowledge of…
CAPITAL MARKET Dangote Cement shareholders approve 25% dividend rise Shareholders of Dangote Cement Plc on Tuesday approved a 25 per cent rise in dividend payment for the 2021 financial period. The shareholders approved N20 per share for the year ended December 31, 2021 from N16 paid in the preceding year during the company’s 13th Annual…
CAPITAL MARKET Stock Market Appreciates by N100bn to Sustain Positive Momentum The stock market segment of the Nigerian Exchange Limited (NGX) yesterday sustained the bullish momentum with N100 billion gain, following bargain hunting in MTN Nigeria Communications (MTNN) and 14 others. The overall market capitalisation value gained N100 billion to close at N28.719 trillion, while…
CAPITAL MARKET Shareholders Commend NASCON’s Impressive Performance Amid Challenges Shareholders of NASCON Allied Industries Plc, a subsidiary of Dangote Industries Limited (DIL) have commended the food seasoning company over its impressive performance in the year ended December 31, 2021, in spite of the harsh economic operating environment just as the company emerged the best haulage…
CAPITAL MARKET NNPC worth N50trn, can be listed on stock exchange – ECOWAS don A professor of Economics and Chief Economic Strategist to the Economic Community of West African States, Ken Ife, has valued the assets of the Nigerian National Petroleum Corporation, NNPC, at N50 trillion, noting that the oil company can be listed on…
CAPITAL MARKET Value of 14 Banks’ Stocks Appreciate Marginally by N73.09bn Despite Decline in Corporate Earnings for 2021 On the heels of investors apathy, coupled with decline in corporate earnings for 2021 financial year and the first quarter of 2022, the values of 14 listed banks on the Nigerian Exchange Limited (NGX) added just N73.09…
CAPITAL MARKET SEC: Efficient Capital Markets In W’AfricanDemands Regular Assessments The Director-General of the Securities and Exchange Commission (SEC), Mr. Lamido Yuguda, has said efficient functioning of capital markets in the West African Region demands a regular assessment of policies and programs to fit current realities, and address the region’s peculiar challenges. He stated this…
CAPITAL MARKET Strong earnings, ROI earn Dangote Cement ‘Best Performing Stock’ Having recorded strong earnings and improved returns on investment for stakeholders on a sustainable basis, Dangote Cement Plc has bagged the ‘Best Performing Stock‘ of the Year 2021 Award. The company was named the ‘Best Performing Stock’ by the Nigeria Exchange Limited (NGX) ahead…