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, […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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. While […]
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 synergy between governments […]
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 […]
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, […]
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 […]
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. […]
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 […]
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 moment […]
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 […]
By Motolani Oseni The equities market of the Nigerian Exchange Limited (NGX) on the first trading of the week was down by 0.09 per cent as the market capitalization shed N50.64 billion to close at N55.81 trillion. Opening the week, the domestic bourse nudged slightly lower, outturning the gains from the previous session, bringing the […]
. Commiserates with the family of Wigwe By Motolani Oseni Nigerian Exchange Group Plc (NGX Group) is deeply saddened to acknowledge the tragic passing of our former Group Chairman, Bamofin Abimbola Ogunbanjo, OFR, and the Group Managing Director of Access Holdings Plc, Dr Herbert Wigwe, CFR, along with his wife and son, in a helicopter […]
By Motolani Oseni The Nigerian equities market NGX, yesterday commenced this week trading on a bullish note with N673 billion gain buoyed by price increase in Dangote Cement Plc and 23 others. Also, the market capitalisation of Dangote Cement hit N10 trillion at the close of trading yesterday, emerging as the first company to achieve […]