Category - Business News Brief

Omatek, FCMB, others drag equity market to N118bn loss – Punch Investors lost N118bn on the Nigerian Exchange Limited, on Thursday, driven by dips in the share prices of Omatek Ventures, Cutix Plc, and First City Monument Bank.Omatek Ventures shed 10 per cent to close at N0.63, Cutix plc dipped 9.51 per cent to close …

Investors’ wealth dips further by 0.1% amid losses in 21 stocks – Guardian Negative sentiments persisted on the equities sector of the Nigerian Exchange Limited (NGX), as the All Share Index (ASI) declined further by 0.1 per cent, amid selloff in 21 stocks.The domestic stock market yesterday maintained bearish position with a decline of N69 …

Capitalisation dips by N46 billion amid losses in 27 stocks – Guardian The hike in interest rates impacted negatively on the domestic equities market yesterday market capitalisation declined by N46 billion, amid sell pressure in 27 stocks with a decline of N46 billion.The MPC of the Central Bank of Nigeria (CBN)  at the end of …

Investors’ Interest in Zenith Bank, 22 Others Lift  Stock Market – Thisday The stock market yesterday saw a bullish performance as investors buy interest in Zenith Bank Plc and 22 others led the 0.03 per cent marginal increase in Nigerian Exchange Limited All-Share Index (NGX ASI).……..Read More Finance Act: 50% Banks Forex Gains Tax Won’t …

NGX: United Capital leads as top gainer for the week – Dailytrust The United Capital Plc emerged the top gainer in the NGX for the week ending July 19, 2024, with its share price appreciating by 42.78% to close the week at N40.55.In the week ending July 19, 2024, the NGX posted a 0.87% gain …

Airtel Africa, 23 Others Lift Stock Market by N262bn – Thisday The stock market segment of the Nigerian Exchange Limited (NGX) yesterday took a positive stance as investors buy-side actions in Airtel Africa Plc and 23 others increased market capitalisation  by N262 billion.……..Read More Access Bank partners NGX to launch Impact Board – The Sun …

NGX halts gains, as index dips by 0.04% amid losses in MTN, 14 stocks – Guardian The Nigerian Exchange Limited (NGX) halted gains to close on a downward note yesterday, as the All-share index (ASI) declined by 0.04 per cent amid losses in MTN Nigeria and 14 stocks. Indeed, yesterday, the ASI declined by 43.27 …

Fidelity, Access, GTCO Kick-starts N4.7tn Banking Sector Recapitalisation With N878.61bn Offers – Thisday Following the Central Bank of Nigeria (CBN) directive that banks shore up their capital, three banks, Fidelity Bank Plc, Access Holdings Plc and Guaranty Trust Holding Company Plc (GTCO) are seeking existing and new shareholders’ support to raise N878.61 billion fresh capital …

Inflation surges to 34.19 per cent in June – Dailytrust The headline inflation rate increased to 34.19% in the month of June, a report by the National Bureau of Statistics has shown.The report added that food inflation also increased to 40.87 per cent on a year-on-year basis, which was 15.62% points higher compared to the …

Banks’ credits to private sector grow by N30tr in one year – Dailytrust Determined to bolster the private sector described as the engine room of the economy, Nigerian commercial banks have raised lending by about N30 trillion, a new report has revealed.According to data from the Central Bank of Nigeria (CBN), credit to the private …