Category - Business News Brief

NGX cap drops by N132bn as Union Bank delists shares – Punch The delisting of the shares of Union Bank of Nigeria from the Official Daily List of the Nigerian Exchange Limited, on Monday, resulted in a N132bn loss from the market capitalisation.In a notice to trading licence holders on Monday, the regulatory arm of …

Insurance index outweighs banking, gains 4.1 percent in one week – Guardian The insurance index led the gainers’ chart at the end of last week’s transactions on the equities sector of the Nigerian Exchange Limited (NGX) with 4.1 percent, buoyed by buying interest in Sovereign Trust Insurance (+27.3 percent) and Sunu Insurance (+17.7 percent).Following the …

Buying Interest in GTCO, Zenith Bank, Others Lift Stock Market by N26.87bn – Thisday The Nigerian Exchange Limited (NGX) stock market yesterday gained N26.87billion driven by investors’ buying interest in Guaranty Trust Holding Company (GTCO), Zenith Bank Plc, and 33 other low and medium-capitalisation strong fundamental stocks.  As GTCO gained 1.96per cent to close at …

Equity market slide by N35bn over MTN, others dip – Punch The market capitalisation of the Nigerian Exchange Limited slid by N35bn on Wednesday as MTN Nigeria (-0.63 per cent), Dangote Sugar (-1.64 per cent), Lafarge Africa Plc (-1.34 per cent), United Bank for Africa(-0.24 per cent) and FBN Holdings (-4 per cent) reduced in …

Stock market fails to stay on loss path – Businessday Nigeria’s equities market failed to sustain previous day’s loss after rising by 0.08 percent or N32billion at the close of trading Tuesday.Insurance, banking and industrial stocks helped market to reroute north after the negative take off this week.The Nigerian Exchange Limited (NGX) All-Share Index (ASI) …

Stock Market Down N57bn on Sell-off in Stanbic IBTC Holding,14 Others – Thisday The stock market of the Nigerian Exchange Limited (NGX) yesterday commenced the week’s trading on N57 billion loss driven by investors sell pressures in Stanbic IBTC Holdings Plc and 14 others.As a result, the NGX All-Share Index declined by 104.29 basis points …

Financial stocks lead NGX activities, drive volume by 59.4 per cent• Weekly FMDQ FX turnover rises by 17% to $793m – Guardian The financial services industry dominated in volume terms at the end of last week’s transactions at the Nigerian Exchange Limited (NGX).It led the activity chart with 1.2 billion shares valued at N11.5 billion …

Equity market extends bullish run with N6bn gain – Punch The Nigerian Exchange Limited on Thursday continued its positive trading pattern, as the benchmark measurement of the exchange, the All-Share Index, inched up slightly to settle at 71,025.16.Similarly, the market capitalisation grew marginally by 0.02 per cent or N6bn to close at N39.059tn from N39.053tn …

Bargain hunting persists on NGX as indices rise further by N113b – Guardian Positive sentiments persisted on the equities sector of the Nigerian Exchange Limited (NGX) as more bluechip stocks join the league of gainers, resulting to a further rise in market capitalisation by N113 billion.At the close of transaction yesterday, the All-Share Index (ASI) …

Again, SEC moves to reduce N190b unclaimed dividend. As total funds in CIS hits N2.1 trillion in 2023. Shareholders fume as Union Bank plans to delist from exchange, indices rise by N146b – Guardian The Securities and Exchange Commission (SEC) has unveiled plans to create a new e-dividend portal that would help simplify the process …