The Nigerian equities market continued on a positive momentum, with investors pocketing a ₦2.16 trillion gain in the just-concluded week, despite the negative sentiment that was printed on banking stocks. Market capitalisation, the total value of stocks listed on the Nigerian Exchange Limited (NGX), rose by 2.37 per cent week-on-week to close at ₦93.30 trillion …
FCMB Group Plc has raised its market capitalisation to N446.96 billion after converting N23.11 billion loan to shares. The debt-to-equity conversion saw the Group list an additional 3.16 billion shares at 50 kobo each on the Nigerian stock market. The Nigerian Exchange (NGX) confirmed the conversion in a statement on Tuesday, September 23. It noted …
The Nigerian stock market traded northward, gaining N822.25 billion in the just-concluded week's trading, despite investors being more cautious of major stocks, including bank shares. The resilience pushed the All-Share Index (ASI) to advance by 0.92 per cent to close at 141,845.35 points. Overall market capitalisation reflected the uptrend, rising by 0.92 per cent to …
Dangote Cement Plc has said that shareholders of the company received about N3.3 trillion in dividends over the past 15 years. This benefit besides the significant capital gains from the appreciation of the company’s stock. The Dangote Cement Chairman, Emmanuel Ikazoboh, hinted at this during the company’s ‘Facts Behind the Figures’ presentation at the Nigerian …
Insurance stocks led the performance on the floor of the Nigerian Exchange Limited (NGX), edging out other sectors as the market gained ₦344.61 billion in the just concluded month. The performance of the sector was buoyed by investors' reaction to the newly passed NIIRA 2025. Overall stock performance A review of stock market data by …
