CAPITAL MARKET Stock market gains N87bn in bullish trading Investors gained N87bn on Wednesday at the end of trading on the floor of the Nigerian Exchange Limited. The market capitalisation of equities listed on the Nigerian Exchange Limited rose to N25.536tn on Wednesday from N25.449tn on Tuesday. The NGX All-Share Index also rose to 47,367.31…
CAPITAL MARKET ‘N170b unclaimed dividend now in UDTF, says Yuguda Equities investors yet to claim their dividends may face a more rigorous and cumbersome process in recovering them as the Securities and Exchange Commission (SEC) has disclosed that the N170 billion unclaimed dividends have been remitted to the new Unclaimed Dividend Trust Fund (UDTF). The…
CAPITAL MARKET NB’s ‘share-for-cash dividend’ to ease profit repatriation challenge Finance Director, Nigerian Breweries Plc, Rob Kleinjan (left); Corporate Affairs Director, Sade Morgan; Managing Director, Hans Essaadi; Legal Director/Company Secretary, Uaboi Agbebaku and Supply Chain Director, Martin Kochl during the 76th Pre-Annual General Meeting media briefing of the company in Lagos… yesterday. Succour may have…
CAPITAL MARKET Investors Interest in MTN Nigeria Lifts Stock Market by N33bn The stock market of the Nigerian Exchange Limited (NGX) yesterday rebounded as the market capitalisation appreciated by N33billionn, ending two-day investors profit-taking. Unlike in the past two trading sessions, performance in the domestic stock market was positive following renewed interest in top telecommunication…
CAPITAL MARKET Profit-taking in 18 stocks drags capitalisation by N38 billion The Nigerian Exchange Limited (NGX) reopened on a downturn yesterday, as profit-taking in Learn Africa, 17 stocks dragged market capitalisation by N38 billion. Specifically, at the close of transactions yesterday, the all-share index decreased by 70.37 absolute points, representing a dip of 0.15 per…
CAPITAL MARKET We remain equipped to sustain market dominance – NGX Group The Nigerian Exchange (NGX) Group Plc says it has well defined strategies and is equipped to sustain market dominance. Its Group Chief Executive, Oscar Onyema, made this known to newsmen during the exchange’s Full Year (FY) 2021 Investor and Analyst Presentation via Zoom…
CAPITAL MARKET NGX sustains sliding profile amid losses in 21 stocks Transactions on the Nigerian Exchange Limited (NGX) sustained a sliding profile yesterday. The slide was occasioned by losses in Japaul Gold and 20 others, as market capitalisation depreciated further by N51 billion. Specifically, at the close of trading yesterday, the All-Share Index declined by…
CAPITAL MARKET NGX, MTNN sign MoU on capital market participation Nigerian Exchange Limited and MTN Nigeria Communications Plc have signed a Memorandum of Understanding to promote financial literacy and enhance retail participation in the Nigerian capital market. A statement said the announcement was made at the signing ceremony led by the Chief Executive Officer, NGX,…
CAPITAL MARKET Investors’ wealth dip further by N58 billion The Russian-Ukrainian conflict may have continued to take toll on the equities sector of the Nigerian Exchange Limited (NGX) as the market extended its bearish trend, causing market capitalisation to dip further by N58 billion. Specifically, at the close of trading yesterday, the All-Share Index (ASI)…
CAPITAL MARKET Seplat Energy grows profit by 128.9% SEPLAT Energy Plc has announced its audited results for the full year ended December 31, 2021, recording a 128.9 per cent growth in its gross profit to hit N114.2bn. It also announced a 38.2 per cent rise in its 2021 full-year revenue to N293.6bn, and a growth…