15
Nov
November 15, 2022
| Stock Market Down 0.32% on Sell-off in MTN, 12 Others – Thisday |
| The stock market of the Nigerian Exchange Limited (NGX) opened the week on a negative note, as sell offs in MTN Nigeria Communications (MTNN) and 12 others depreciated the market by 0.32 per cent. The NGX All Share Index (ASI) decreased by 138.64 basis points or 0.32 per cent to close at 43,818.12 basis points. Similarly, the market capitalisation lost N75 billion to close at N23.867 trillion.……….Read More |
| Investors dump shares in exchange’s alternative board – Punch |
| Following their weak corporate earnings, investors have shunned listed companies on the Nigerian Exchange Limited’s Alternative Securities Market Board. A total of four companies comprising Capital Oil Plc, Rak Unity Petroleum Company Plc, Juli Plc, and Smart Products Nigeria Plc are listed on the ASeM with severe economic headwinds playing a critical impact on earnings of the companies on the Board declared on the NGX.………..Read More |
| Nigeria’s October Oil Production Increases Marginally, Hits 1.014m bpd – Thisday |
| Nigeria struggled to exceed the 1 million barrels per day oil production mark in October, a ‘feat’ it hadn’t achieved in the last two months. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) data obtained by THISDAY indicated that Nigeria drilled 1.014 million barrels per day for the month under review, exceeding production for August which was 972,394 bpd and September’s pegged at 937,766 bpd………….Read More |
| ‘Cutix Outperforms Stock Market Returns to Shareholders’ – Thisday |
| Managing Director and Chief Executive Officer (MD/CEO) of Cutix Plc, Mrs. Ijeoma Oduonye, has said the company has proven to be the best-kept secret stock of the Nigerian stock market and a must have in every investment portfolio because of its remarkable performance and returns to shareholders over the years. Oduonye declared this while commenting on the company’s performance at the “Facts Behind the Figures” programme at the Nigerian Exchange Limited (NGX) as part of activities to mark the 40th anniversary celebration of the company………….Read More |
| Nigeria can’t survive with endless borrowing – DMO – Punch |
| The Debt Management Office has disclosed that it has been difficult for Nigeria to borrow from the international markets as global lenders and investors are shunning countries with Category ‘B’ economic ratings. According to the Director-General of the DMO, Patience Oniha, Nigeria must gear up its revenue drive while looking for alternative sources of funds internationally. “We really can’t survive like this,” she stated………..Read More |