Money

Equities market rebounds, gains N68.76bn

Ihesiulo Grace 23 February 2023 0

By Temitope Adebayo The equities market of the Nigerian Exchange Limited (NGX) on Wednesday recovered from the previous session loss, as the market capitalisation gained N68.76billion to close at N29.59trillion. Also, the local bourse benchmark Index closed 0.23 per cent higher to settle at

Business Money

Emerging markets attracting attention as investors’ hunting to diversify their portfolios

Ihesiulo Grace 12 February 2023 0

By Godwin Anyebe An emerging market is an economy that has experienced rapid economic growth but still has room to grow, meaning it has not reached its full economic potential like that of a developed economy. While the U.S. has the world’s largest economy, there are other countries and regions with economies that are growing […]

Money

Selloffs in industrial, banking stocks down equities market by N33.50bn

Ihesiulo Grace 8 February 2023 0

By Temitope Adebayo The equities market of the Nigerian Exchange Limited (NGX) relapsed on Tuesday, as the market capitalization lost N33.50billion to close at N29.58trillion amidst selloffs of industrial giant and banking shares. At the close of yesterday’s trading activities, the NGX All-Share Index (ASI) declined by 0.13 per cent to close at 54,299.76 points […]

Business

Stocks market sustains bullish run with N44.03bn gain

Ihesiulo Grace 1 February 2023 0

By Temitope Adebayo The equities market of the Nigerian Exchange Limited (NGX) on Tuesday sustained the bullish run for the second trading day of the week, as market capitalization gained N44.03billion to close at N29.00trillion, compared to N28.954 trillion recoded on Monday. Closing the first month in January, the Lagos bourse closed higher as the […]

Business

Equities market begins weekly trading strong, gains N273bn

Ihesiulo Grace 30 January 2023 0

By Temitope Adebayo The equities market of the Nigerian Exchange Limited (NGX) on first trading session of the week closed on a positive note, as market capitalisation gained N273 billion to close at N28.954 trillion, amid strong corporate earnings and increased interest in Airtel Africa Plc and 27 other stocks. Specifically, the All Share Index […]

Business

Stocks market rebounds, gains N83.51bn

Ihesiulo Grace 26 January 2023 0

By Temitope Adebayo Equities market of the Nigerian Exchange Limited (NGX) on Thursday rebounded from the previous sessions negative outings, as the market capitalization gained N83.51billion to close at N28.73trillion as against N28.66trillion recorded on Wednesday’s trading session. The domestic equities bounced back yesterday from losses earlier in the week, as the

Business

Equities market rebounds by N192bn over renewed bullish activity

Ihesiulo Grace 18 January 2023 0

By Temitope Adebayo The equities market of the Nigerian Exchange Limited (NGX) on Tuesday rebounded from the previous day losses, due to the renewed bullish activity to see the market capitalization gained N192.00 billion. At the close of yesterday trading session, the benchmark index advanced by 0.67 per cent to close at 52,701.31 points, the […]

Business

2023: Equities market begins trading activity with N188bn

Ihesiulo Grace 4 January 2023 0

By Temitope Adebayo The equities market of the Nigerian Exchange Limited (NGX) on the first trading day of the year, recorded investors gain of N188 billion in value as market capitalisation went up to N28.103 trillion. Also, the All Share Index (ASI) rose by 344.60 absolute points, representing a gain of 0.67 per cent to […]

Business

SEC updates market operators on renewal of registration

Ihesiulo Grace 28 December 2022 0

By Motolani Oseni Capital Market Operators and the general public have been informed that the annual renewal of Registration for year 2023 will commence from January 01, 2023 and expected to end on January 31, 2023. This was stated by the Securities and Exchange Commission (SEC) in a recent circular released to the capital market. […]

Business

Emerging markets face risk of policy error amid conflicting priorities

Ihesiulo Grace 6 December 2022 0

By Godwin Anyebe Emerging-market central banks face a Catch-22 where plunging economic growth means they can’t keep monetary conditions tight, but elevated inflation doesn’t allow them to halt rate hikes either. The result is a growing risk of monetary-policy error. Countries from Poland to Colombia, India to South Korea, are walking the tightrope trying to […]

Business

Money market rates rise, CBN skips OMO auction

Ihesiulo Grace 4 December 2022 0

Money market rates closed the week at double digits following sustained liquidity pressures in the financial system as the monetary authority skipped Primary Market Auction (PMA) sales. Tight liquidity in the financial system has kept short-term rates in the double-digit band for the most part of the second half of 2022. In the just concluded […]

Business

Equities market starts the week low, loses N71.85bn

Ihesiulo Grace 15 November 2022 0

By Temitope Adebayo The equities market of the Nigerian Exchange Limited (NGX) closed the first trading session of the week low, as the market capitalisation depreciated by N71.85billion to close at N23.88trillion. Specifically, the All-Share Index (ASI) declined by 0.30 per cent to close at 43,837.89 points, due to selloffs in MTN Nigeria; Offset gains […]

Business

Equities market rebounds, gains marginally by N9.47bn

Ihesiulo Grace 10 November 2022 0

By Temitope Adebayo The equities market of the Nigerian Exchange Limited (NGX) on Wednesday rebounded from the previous trading session’s decline, as market capitalisation appreciated by N9.47billion. At the close of yesterday’s trading activities, the rebound in DANGCEM (+0.59%), as well as Tier-1 banking names ZENITHBANK (+0.25%), GTCO (+0.29%) and UBA (+1.43%),

Business

Stocks market extends bullish streak by N39.02bn

Ihesiulo Grace 27 October 2022 0

By Temitope Adebayo The Nigerian equity market for the third day in a row, closed Wednesday’s trading session in the green, amidst buy-interests and sell-offs as bulls dominated proceedings, driving up the market capitalization grew by N39.02 billion to close at N24.43 trillion. In the same vein, the Nigeria Exchange Limited (NGX) benchmark index advanced […]

Business

Equities market sheds N42bn amid sell-off in 18 stocks

Ihesiulo Grace 9 June 2022 0

By Motolani Oseni The equities market of Nigerian Exchange Limited (NGX) on Wednesday returned to the bearish note, as capitalisation value declined by N42 billion, due to investors’ profit-taking in 18 stocks. At the close of the yesterday’s trading activities, the overall market capitalisation value depreciated by N42 billion to close at N28.677 trillion, while

Business

Equities market gains N96bn on first trading day

Ihesiulo Grace 7 June 2022 0

By Motolani Oseni The equities market of the Nigerian Exchange Limited (NGX) yesterday extended gains from the prior trading session, starting this week on a positive with a market capitalisation gain of N96 billion. The summary of the first trading activities session on Monday indicated that the overall market capitalisation value appreciated by N96 billion […]

Business

World Bank projects 5.6% growth for global economy

Ihesiulo Grace 8 June 2021 0

The global economy is expected to grow at 5.6 per cent in 2021, although many emerging market and developing economies continue to struggle with the COVID-19 pandemic and its aftermath. The World Bank said this in its June Global Economic Prospects released on Tuesday in Washington D.C., adding that the expected growth was based largely […]

Business Headlines

Foreign Stocks: SEC sets to register, Monitor brokers to ensure transparency

Ihesiulo Grace 9 May 2021 0

PHILIP CLEMENT, ABUJA The Securities and Exchange Commission is set to register and actively monitor brokers selling stocks for foreign companies in furtherance of its mandate of ensuring investor protection and market transparency especially for retail investors. This was disclosed by Executive Commissioner Operations of the SEC, Mr. Dayo Obisan during an interview with

News

Nigerian govt to borrow from foreign debt markets

Ihesiulo Grace 9 April 2021 0

Following a suspension in 2020 due to the pandemic, the Federal Government has announced plans to re-enter the international debt market this year. Patience Oniha, the Director-General of the Debt Management Office (DMO), revealed this during a Reuters interview on Wednesday, April 7, 2021. According to her, the country will issue Eurobonds in 2021, with […]

News

Association directs traders to obey Covid guidelines at markets

Ihesiulo Grace 30 January 2021 0

The Market Traders’ Association of Nigeria (MATAN) has directed its members across the country to comply strictly with the recent presidential directive on COVID-19 guidelines to reduce the spread of the virus at markets. The association’s National President, Mr. Jamilu Abbas, gave the directive on the sideline of the inauguration of the Lagos State caretaker […]