Business

The Nigerian Exchange Limited (NGX) equities market extended the bullish run on Thursday as the benchmark index gained 1.06per cent to settle at 43,939.68 basis points. Investors’ interest in Airtel Africa, which appreciated by 0.37per cent and Dangote Cement that rose by 7.77per cent were the primary drivers of the market’s overall performance. Nevertheless, the market remains on track for…

Trading volume on Nigerian Exchange Limited (NGX) jumped by 142per cent from 103.2 million shares to 249.91 million shares on Tuesday. NGX commemorated the reopening of the trading floor alongside the 30th anniversary of the Chartered Institute of Stockbrokers (CIS) on Monday, signalling a shift to norm after the COVID-19 pandemic forced a shift to full remote trading. Whilst giving…

On the backdrop of increase in customer base, Zenith Bank Plc, Access Holdings Plc and eight other banks generated N99.73billion from maintaining current account in the third quarter (Q3) of 2022. This is an increase of 18.4 per cent from N84.3billion reported in the third quarter of 2021. The Central Bank of Nigeria (CBN) in its “guide to charges by…

The equities market of the Nigerian Exchange Limited (NGX) traded flat on Monday over mixed trading by investors. Thus, the NGX All Share Index (ASI) added 0.001 per cent to close at 44,269.43 points, while market capitalisation remained at N24.112 trillion the same it closed prior trading day. As measured by market breadth, market sentiment was negative, as 18 stocks…

The exchange rate between the naira and the US dollar declined further at the parallel market on Monday albeit at a slower pace trading at an average of N875/$1. The local currency was trading at an average price of N870/$1 in the previous trading session the previous week. The naira at the official rate closed against the US dollar on…

The Chartered Institute of Bankers of Nigeria (CIBN) has honoured the Executive Director, Operations, of the Nigeria Deposit Insurance Corporation (NDIC), Mr. Mustapha Ibrahim and 11 other senior executives inrecognition of the corporation’s excellence professionalism and expertise. A statement by Director, Communication & Public Affairs, NDIC, Bashir Nuhu stated that Ibrahim was awarded with an Honorary Fellowship of the CIBN…

The equities market of the Nigerian Exchange Limited on Thursday closed in the red as losses in Geregu Power Plc and 19 others dragged the All-Share Index lower by 0.10 per cent. The All Share Index (ASI) decreased by 46.32 basis points or 0.10 per cent to close at 44,236.70 basis points. Similarly, market capitalisation lost N25 billion to close…

Ending four uninterrupted sessions of losses, Nigerian equities market on Wednesday recovered as capitalisation rose by N293 billion on bargain hunting in Dangote Cement Plc and eight others The All Share Index (ASI) rose by 537.29 basis points or 1.23 per cent to close at 44,283.02 basis points. Accordingly, investors gained N293 billion in value as market capitalisation went up to…

….New Telegraph set to honour LIRS boss The executive chairman of the Lagos State Internal Revenue Service (LIRS), Mr Ayodele Subair has attributed the success of the unprecedented tax revolution being witnessed in the state, where about 70 per cent of its income is internally generated, to the visionary leadership of the former governor of the state and the All…

Nigerian Exchange Limited (NGX) is set to host the 2022 edition of NGX Made of Africa Awards in Lagos. The hybrid event themed “Innovation in Capital Markets: The Panacea for Exponential Growth”, will bring together key stakeholders in the capital market. The Made of Africa Awards is designed to recognise organisations and individuals within the capital market ecosystem that demonstrate…