Nigerian Stocks In Seventh Day Of Flat Trade Despite Improved Transaction Volume
Nigerian stocks inched up 0.02 percent on Wednesday, marking one week of flat trade that has seen the benchmark index recording little…
Category: Market
Nigeria’s Capital Importation Loses $6.92bn, As Inflows Dip In Four Consecutive Quarters
For the period of Q1 2022, NBS disclosed that capital importation, which consists of financial and equipment capital importation, was $1.57 billion,…
Euro At The Verge Of Breaching Parity, Stocks Slide Again
The euro has been particularly vulnerable given the impact of an ongoing spike in natural gas prices on the regional…
The NGX Closes Flat As Market Cap Declines Slightly By N811 Million.
The NGX closed on a flat note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) depreciated by 0.3…
Third Time Lucky For Italy’s De Nora Family As Shares Hit Market
Italy’s De Nora family is relieved that the electrode manufacturer made it onto the Milan Stock Exchange. After previous attempts…
Global Markets Quake As Central Banks Grow More Hawkish
Expectations for how drastically central banks need to tighten monetary policy to fight soaring inflation have taken another leap higher.…
Nigerian companies shun IPOs, raise N111bn via CPs
investigations reveal that the value of CP issuances in recent times has risen to N128.25 billion thus far in 2022…
Russia’s Sberbank collapses 95% on London stock exchange as it exits Europe
Shares of Russia’s Sberbank plunged 95% on the London Stock Exchange on Wednesday to trade as low as a penny after the bank announced…
Wheat prices trade ‘limit up’ again, hit highest in nearly 14 years
Wheat futures reached new multiyear highs Wednesday, as war between major exporters Russia and Ukraine continued to raise concerns about…
Naira Exchange At N578 To $1
The naira, on Wednesday, depreciated further against the dollar at the parallel section of the foreign exchange market. Bureaux…
Nigeria: Market Capitalization Decreases
The NGX closed on a negative note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) depreciated by 26…
Nigeria Records 32% Foreign Direct Investments Dip In 2021
Nigeria attracted a sum of $698.78 million as foreign direct investments (FDIs) in 2021, representing its lowest level on record.…
Tanzania Fuel Price Rise Despite Government Intervenion
Retail prices of fuel in Tanzania have risen despite the government intervention by scrapping off Sh100 of levies. Motorists in…
Uganda Government To Provide Support In Oil And Gas Sector
The Uganda Investment Authority (UIA), the investment arm of the country, has embarked on building the capacity of domestic investors…
Africa Oil Corp Runs Out Of Production Cash
Canadian oil explorer Africa Oil, which holds a 25 percent stake in Turkana exploration venture, has run out of cash…
Nigerian Stock: List Of Announced 2022 Dividend
As audited accounts start to trickle in, companies will propose dividend payments to their shareholders as recommended by their respective…
EAC eyes trade-in-services under AfCFTA Agreement
The East African Community is developing a strategy to boost trade-in services. This will position the bloc better in the…
NSE fall lifts dividend yields ahead of earnings season
The fall in share prices at the Nairobi Securities Exchange following a selloff induced by Russia’s invasion of Ukraine. This…
Kenyan Shilling Hit New Record Low
The Kenyan shilling is under fresh pressure against the dollar after it hit a new record low on Monday, setting…
NNPC Assures Of Sufficient Petrol For Distribution Across Nigeria
The Nigerian National Petroleum Company (NNPC) Limited, has assured Nigerians that it has sufficient stock of petroleum products for distribution across…
Dollar Strengthens Further Against Uganda Shilling
Continued demand during Friday’s trading session led to further weakening of the Uganda shilling, with the unit closing the day…
44 Stocks Drive Market Cap To N25.51Tn
The market capitalisation of equities listed on the Nigerian Exchange Limited appreciated slightly by 0.4 per cent to close at…
Komenda Sugar Factory acquires 20,000 acres for plantation
Negotiations are almost complete to enable the Board of Directors of the Komenda Sugar Factory to acquire 20,000 acres of…
NSE Sheds Sh92Bn In A Day As Russia Invades Ukraine
The market capitalisation closed at Sh2.453 trillion compared to Sh2.546 trillion on Wednesday, with Safaricom, East Africa Breweries Limited (EABL)…
Nigeria’s N898Bn Wheat Imports At Risk As Russia-Ukraine Conflict Escalates
Russia’s status as the largest exporter of wheat in the world is causing disquiet in many countries following its military…
NGX inducts 133 new authorised dealing clerks
Nigerian Exchange Limited has inducted a total of 133 authorised dealing clerks from 63 trading license holders. During the induction…
Ted Baker Fourth-Quarter Sales Jump 35%
Upmarket fashion retailer Ted Baker reported higher fourth-quarter sales on Wednesday as demand for office and party wear remained strong…
Market Records Slight Market Movement As Capitalization Increases By N7 Billion
The NGX closed on a flat note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) appreciated by 3…
Gold Eases After Hitting $1,900 An Ounce
The yellow metal has eased its bullish momentum after hitting $1,900 an ounce. A price point not traded since June…
Oil Pulls Back On Fading Supply Worries Over Ukraine Crisis
Oil prices took a breather on Wednesday after surging to seven-year highs the previous session as it became clear the…