Archives - January 2022

Transactions on the floor of the Nigerian Stock Exchange on Monday closed on a positive note as the All Share Index appreciated by 0.91% to settle at  46,624.67 points, from the previous close of 46,205.05 points, bringing the year-to-date to 9.15%, the month-to-date to 9.15% and the week-to-date to 0.91% respectively. Investors gained N226Billion as …

Banks, Others Borrowing from CBN Drops by 26.5% in January on Economic Uncertainty – Thisday As a result of slow business activities and uncertainty surrounding the nation’s economy, banks and merchant banks borrowing from the Central Bank of Nigeria (CBN) dropped by 26.5 per cent Year-on-Year (YoY) to N313.43billion from N426.7billion in January of 2021.  …

Transactions on the floor of the Nigerian Stock Exchange on Friday closed on a positive note as the All Share Index appreciated by 0.43% to settle at  46,205.05 points, from the previous close of 46,009.23 points, bringing the year-to-date to 8.24%, the month-to-date to 8.24% and the week-to-date to 0.47% respectively. Investors gained N105Billion as …

Stock Market Drop N280bn on Profit-taking in Dangote Cement, 17 Others – Thisday The stock market of the Nigerian Exchange Limited (NGX) yesterday dropped by N280billion on investors’ profit taking in Dangote Cement and 17 others.  The NGX All-Share Index declined by 520.76 basis points or 1.12 per cent, to close at 46,009.23 points. Similarly, …

Transactions on the floor of the Nigerian Stock Exchange on Thursday closed on a negative note as the All Share Index depreciated by 1.12% to settle at  46,009.23 points, from the previous close of 45.529.99 points, bringing the year-to-date to 7.81%, the month-to-date to 7.81% and the week-to-date to 0.04% respectively. Investors lost N280Billion as …

Stock Market Crosses N25trn Mark Amid Demand for Airtel Africa, Others – Thisday The stock market capitalisation of the Nigerian Exchange Limited (NGX) crossed the N25 trillion mark yesterday, supported by foreign investors’ demand for Airtel Africa stock that gained 10 per cent.  In summary, the NGX All-Share Index (ASI) grew by 590.48 basis points …

Transactions on the floor of the Nigerian Stock Exchange on Wednesday closed on a positive note as the All Share Index appreciated by 1.29% to settle at  45.529.99 points, from the previous close of 45.939.51 points, bringing the year-to-date to 8.93%, the month-to-date to 8.93% and the week-to-date to 1.25% respectively. Investors gained N313Billion as …

Stock Market Rebounds as CBN Maintains Status Quo on Rates – Thidsay The stock market of the Nigerian Exchange Limited (NGX) gained N6 billion, even as Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) maintained status quo on its rates.  Members of the MPC voted unanimously to maintain the Monetary Policy Rate …

Transactions on the floor of the Nigerian Exchange on Monday closed on a negative note as the All Share Index depreciated by 0.17% to settle at  44.399.66 points, from the previous close of 44.454.67 points, bringing the year-to-date to 3.87%, the month-to-date to 3.87% and the week-to-date to 0.14% respectively. Investors lost N29Billion as Market …

Nigeria’s debt stock hits N39.6tn in 11 months – Reports – Thidsay The Nigeria’s total debt stock rose from N32.9tn as of December 2020 to N39.6tn in November 2021, The PUNCH has learnt.The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, in her presentation of the 2022 approved budget, disclosed that the government …