NGX

When the management of the Nigerian Exchange Limited (NGX) in July 2023 announced that it was reclassifying Fidelity Bank Plc from small-price stock to medium-price stock, financial analysts concluded that the road to attaining Tier-1…

At the official market, the Nigerian Autonomous Foreign Exchange Market (NAFEM) window, the Naira on Thursday weakened further by 0.10 per cent to close at N1,309.88 against the dollar. The local currency opened trading at N1308.52…

Stanbic IBTC Holdings Plc, yesterday announced N45.64 billion profit after tax in the first quarter (Q1) ended March 31, 2024, an increase of 58.13 per cent from N28.86 billion reported in the first quarter (Q1) ended March 31, 2023. The…

The domestic equities market halted its bearish run on Thursday, as gains in Transcorp Hotels Plc and 15 others lifted the overall capitalization by N27 billion. The Nigerian Exchange Limited All-Share Index added 48.00 basis points or…

The equities market on Tuesday reversed previous gains as the overall capitalization lost N200 billion on losses in Nestle Nigeria Plc and 24 others. The All-Share Index declined by 353.51 basis points or 0.35 per cent, to close at…

Oando Plc, on Tuesday, announced an N81.23 billion loss in its 2022 financial year, citing a hike in the cost of sales and finance costs that signify a struggling company. The indigenous petroleum company quoted on the Nigerian Exchange…

Owing to the continued dumping of its shares in the wake of the recapitalisation drive by the Central Bank of Nigeria (CBN), the NGX Banking index led the losses by 11.46 per cent week on week on the stock market segment of the Nigerian…

The Naira has depreciated to N1,140 per dollar in the parallel market, from N1,060 per dollar on Thursday. Similarly, the Naira depreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,169.99 per dollar. Data from FMDQ showed…

The Nigerian Exchange (NGX) reverberated with the jubilant sound of the bell as Seplat Energy Plc on Tuesday celebrated a significant milestone - a decade of its dual listing on both the Premium Board of the Nigerian Exchange (NGX) and the…

As the new week unfolds on Monday, the equities market continued its downward trajectory, with share prices continuing to decline amidst prevailing bearish market sentiment. The Nigerian Exchange Limited All-Share Index (NGX ASI) shed…