Money

Nigeria sets $6bn investment goal in NGX, Trade Ministry pact

DailyTimesNGR DailyTimesNGR 1 May 2025 0

BY MOTOLANI OSENI The federal ministry of Industry, Trade and Investment (FMITI) and the Nigerian Exchange Group (NGX Group) have partnered in a move to achieve $ 6 billion Investment Target. This collaboration was highlighted during the distinguished Closing Gong Ceremony at the NGX, Lagos,

Business

Legend Internet’s listing boosts NGX by N12.4bn, signals growth in Nigeria’s digital economy

DailyTimesNGR DailyTimesNGR 28 April 2025 0

BY MOTOLANI OSENI Legend Internet Plc has made a significant leap in Nigeria’s digital economy by listing two billion shares on the Nigerian Exchange (NGX), resulting in a N12.4 billion increase in overall market capitalisation. This landmark listing marks the company as the first indigenous player in the internet segment of the telecommunications sector to […]

Business

NGX index rises 1.46% on Q1 earnings boost

DailyTimesNGR DailyTimesNGR 28 April 2025 0

BY MOTOLANI OSENI Investor sentiment turned sharply positive last week as the Nigerian Exchange (NGX) sustained its bullish momentum, driven by the release of strong first-quarter (Q1) 2025 earnings from several listed companies. The renewed optimism lifted the benchmark All-Share Index by 1.46 per cent to close at 105,752.61 points. Correspondingly, the market

Business

Equities investors lose N208bn, NGX ASI sheds 0.32 as bears tighten grip

DailyTimesNGR DailyTimesNGR 21 April 2025 0

BY MOTOLANI OSENI The Nigerian Exchange (NGX) closed last week in negative territory, as the All-Share Index (ASI) slipped by 0.32 per cent week-on-week to settle at 104,233.81 — its lowest level in four weeks — while market capitalisation dropped by N208 billion to close at N65.499 trillion. The downbeat mood swept across key sectors, […]

Business

NGX repositions to attract private investment amid delisting surge

DailyTimesNGR DailyTimesNGR 12 April 2025 0

BY TEMITOPE ADEBAYO The Nigerian Exchange Group (NGX) said it is revamping its strategy to tap into the increasing flow of private capital, adopting a more proactive approach to address the rising trend of delistings from the Nigerian capital market. The Group chairman of NGX Group, Dr Umaru Kwairanga, stated this at the Group’s 64th […]

Business

NGX market value drops by N30bn as delisting impacts stocks

DailyTimesNGR DailyTimesNGR 5 April 2025 0

BY TEMITOPE ADEBAYO The Nigerian stock market lost N30.44 billion in value on Thursday as the Nigerian Exchange (NGX) delisted several inactive companies, triggering a decline in key market indicators. The NGX All-Share Index edged down by 0.02 per cent, shedding 21.90 basis points to close at 105,525.26, while market capitalisation fell by 0.05 per […]

Business

Equities market loses N71bn as sell-off continues on NGX

DailyTimesNGR DailyTimesNGR 3 April 2025 0

BY TEMITOPE ADEBAYO Sell-off pressures continued to weigh heavily on the equities market on Wednesday, erasing over N71 billion from the Nigerian Exchange (NGX) market capitalisation. Trading data from the NGX revealed that the market opened on a negative note following the holiday, with key performance indicators declining by 0.11% as investors took profits. Investor […]

Business

NGX bulls push ASI up by 0.66%, adding N438bn to market capitalization

DailyTimesNGR DailyTimesNGR 31 March 2025 0

BY TEMITOPE ADEBAYO The Nigerian Stock Exchange (NGX) saw positive performance in the past week as the All-Share Index (ASI) rose by 0.66 per cent week-on-week (W-O-W), closing at 105,660.64 points. The market capitalization of listed equities also gained N438 billion, reaching N66.257 trillion by the end of the week. With the bulls taking charge […]

Business

NGX market cap sheds N532bn as sell pressure persists

DailyTimesNGR DailyTimesNGR 23 March 2025 0

BY MOTOLANI OSENI The Nigerian Exchange, NGX, extended its losing streak as investors offloaded equities, wiping out N532 billion from the market capitalisation over the week. The persistent sell pressure saw the benchmark All-Share Index decline by 0.94 per cent to close at 104,962.96 points, deepening the bearish sentiment in the local bourse. Stockbrokers attributed

Business

Investors gain N13.4bn as NGX inches up 2bps amid low turnover

DailyTimesNGR DailyTimesNGR 26 February 2025 0

BY TEMITOPE ADEBAYO Investors on the Nigerian Exchange (NGX) recorded a modest gain of ₦13.4 billion on Tuesday, as the All-Share Index (ASI) edged up by 2 basis points to close at 107,798.99. Market capitalisation followed suit, rising to ₦67.18 trillion despite a sharp decline in trading activity. Turnover weakened, with trading volume plunging 32.37 […]

Business

Nigerian equities market gains 1.38% as investors pocket N884bn w/w

DailyTimesNGR DailyTimesNGR 10 February 2025 0

BY TEMITOPE ADEBAYO The Nigerian Exchange (NGX) maintained its bullish momentum last week, as the benchmark All-Share Index (ASI) rose by 1.38 per cent week-on-week to close at 105,933.03 points. The market capitalisation increased by N884 billion, closing at N65.592 trillion. Most sectoral indices recorded gains, except for the NGX Consumer Goods index, which declined

Money

17 firms seek N6.1trn on NGX for expansion in 2024

DailyTimesNGR DailyTimesNGR 12 January 2025 0

BY MOTOLANI OSENI Seventeen listed companies turned to the Nigerian Exchange (NGX) Limited in 2024, raising and listing N6.135 trillion through equity capital to fund operational expansion. This surge underscores the critical role of the capital market in financing long-term business growth. Capital raising through the capital market typically occurs via debt or equity.

Business

NGX Group champions Africa’s financial future at ESX launch

DailyTimesNGR DailyTimesNGR 12 January 2025 0

BY TEMITOPE ADEBAYO The Group Chief Executive Officer of Nigerian Exchange Group Plc (NGX Group), Temi Popoola, has reaffirmed the transformative potential of Africa’s capital markets, marking a historic moment with the launch of the Ethiopian Securities Exchange (ESX). Speaking at the event, Popoola emphasised the importance of regional collaboration, innovation, and

Money

Top 10 brokerage firms trade N3.14trn, control 55% NGX transactions

Ihesiulo Grace 6 January 2025 0

BY MOTOLANI OSENI Ten brokerage firms facilitated transactions valued at N3.138 trillion on the Nigerian Exchange (NGX) in the year 2024. This was stated in the annual broker performance report recently released by the Nigerian Exchange (NGX) Limited. The report said that “the value translated to 54.97 per cent of the cumulative trade executed on […]

Money

Search for long-term funding drives N5.1trn in new NGX listings

DailyTimesNGR DailyTimesNGR 6 January 2025 0

BY MOTOLANI OSENI The Nigerian Exchange (NGX) experienced a significant boost in 2024, as three prominent companies raised a combined total of N5.1 trillion through new listings, driven by the need for long-term funding to support their growth aspirations. Transcorp Power Plc, Aradel Holdings Plc, and Haldane McCall Plc made their debut on the NGX, […]

Money

Investors gain N708bn as NGX ASI up 1.19%

DailyTimesNGR DailyTimesNGR 16 December 2024 0

BY TEMITOPE ADEBAYO The Nigerian Exchange (NGX) delivered a strong performance last week, with investors recording a gain of N708 billion as the All-Share Index (ASI) rose by 1.19 per cent to close at 99,378.06 points. The market capitalisation surged to N60.242 trillion, driven by a mix of corporate actions and positive sentiment across key […]

Money

NGX index up 1.41% as investors gain N835bn in robust week

DailyTimesNGR DailyTimesNGR 27 October 2024 0

BY MOTOLANI OSENI Equities investors on the Nigerian Exchange (NGX) saw significant gains over the past trading week, as strategic investments drove the NGX All-Share Index up by 1.41 per cent to close at 99,448.91 points. This momentum translated to a notable N835 billion increase in market capitalisation, which ended the week at N60.261 trillion. […]

Business

Equities investors celebrate as NGX posts significant ASI gains

DailyTimesNGR DailyTimesNGR 15 October 2024 0

BY TEMITOPE ADEBAYO Investors on the Nigerian Exchange (NGX) rejoiced as the All Share Index (ASI) surged by 608.50 points, reflecting a 0.62 per cent rise and marking a substantial increase in total investor wealth. The ASI closed at 98,215.13 points, driven by robust performances in key oil and gas stocks. Investors on the Nigerian […]

Money

Aradel Holdings boosts NGX market cap by N3.05trn with landmark listing

DailyTimesNGR DailyTimesNGR 15 October 2024 0

BY MOTOLANI OSENI Aradel Holdings Plc, an integrated energy company, has made a significant entry onto the Nigerian Exchange Limited (NGX) Main Board, listing 4.34 billion shares at N702.69 per share on Monday, October 14, 2024. The listing, executed through a “Listing by Introduction,” increased NGX’s market capitalization by N3.05 trillion, marking a pivotal

Business

NGX Group dclares N5.2bn profit, N1.5bn dividend in Full-Year 2023 Financial Results

DailyTimesNGR DailyTimesNGR 4 March 2024 0

By Motolani Oseni Nigerian Exchange Group Plc (NGX Group) has announced its full-year Audited Financial Statements for the year ended 31 December 2023, with a profit after tax of N5.2 billion and a declaration of a final dividend of N1.5 billion. The Group experienced a surge in gross earnings, rising by 57.4% to N11.8 billion […]