Nigerian equities market closed on a bullish note as investors revved up their drive for blue-chip stocks with the attendant positive impact on the market’s breadth.. The All-Share Index (ASI), the benchmark index, traded 0.16% higher to close at 66,548.99 index points as against 66,439.53 index points recorded in the previous day’s trading session. Similarly, […]
The Nigerian Exchange Group Plc (NGX Group) is expected to pay its shareholders an interim dividend of 25 kobo per ordinary share of 50 kobo each today. This derived from the decision taken by the board at its emergency meeting convened by the Group last month, during which the board decided to electronically distribute its […]
MTN Nigeria, Nigeria’s leading mobile network operator (MNO), has raised N125 billion via series 6&7 commercial paper notes to diversify its financing options. Commercial paper refers to a short-term, unsecured debt obligation that is issued by financial institutions and large corporations as a means of raising fund cheaper than other alternatives. The MNO made this […]
The Nigerian equities market recorded a remarkable decline in value of capitalization barely 24 hours after its value hit a 15-year high on Tuesday as the All-Share Index (ASI) traded 0.08% lower to close at 66,439.53 index points. At the end of Tuesday’s trading session, the ASI, which is the benchmark index, closed at 66,490.34 […]
….as quoted CPs on FMDQ Exchange hits N117.32bn The FMDQ Exchange has reported that the Debt Management Office (DMO) sold Treasury Bills (TBs) worth N406.10 billion in all its auctions in July this year. The Exchange, in its ‘FMDQ Markets Monthly Report’ for the month under review, indicated that the TBs’ value increased by 0.39% […]
The Nigerian equities market closed on bullish sentiment at the end of Tuesday’s trading session as the All-Share Index (ASI), the benchmark index, neared an all-time high, thereby translating to N185 billion gain for investors. According to data from NGX, the market’s supervisory group, the trading indices of Tuesday’s trading represent the single-day all-time-high for […]
The Securities and Exchange Commission (SEC) Nigeria on Tuesday sealed the office of Stockmatch Investments Ltd in Maiduguri, Borno State, for allegedly engaging in illegal investment activities. In a statement issued by the commission on the regulatory action, it disclosed that the sealing of the firm’s premises was in furtherance of its commitment to ensure […]
Investment experts at Bancorp Securities Limited, one of Nigeria’s leading investment research and consulting firms, have projected that trading on the Nigerian Exchange this week would be hallmarked by positive sentiments amid profit-taking activities to characterize trading activities in the current week. The analysts, in the firm’s ‘Weekly Stock Recommendation: Aug 28 –Sept 01 2023’ […]
The Minister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiri, has assured Nigerians that the Federal Government, as part of its current efforts to end petroleum product importation soon, will ensure that the Port Harcourt refinery resumes operations by the end of this year. The minister, who was accompanied by the Minister of State […]
The Nigerian Communications Commission (NCC) has listed one of the major achievements of some of recent policies, especially as it relates to local content development and specifically the ban on the importation of whole-body subscriber identification module (SIM) cards, as improved SIM manufacturing capacity in the country, The Executive Vice Chairman (EVC) of the commission, […]