Real Time Financial News Website
Despite ongoing economic headwinds in Nigeria, 21 major companies listed on the Nigerian Exchange (NGX) – including Seplat Energy Plc and MTN Nigeria – reported a combined revenue of N6.4…
The Nigerian Exchange Limited (NGX) began the week on a negative note, with the All Share Index (ASI) dipping by 0.4%, or 471.93 points, to close at 108,261.47 points. This…
European markets experienced a positive start to the week, with most sectors trading higher on Monday. The Stoxx 600 index rose by 0.44% by mid-morning, supported by gains in the…
European markets experienced a sharp rally on Thursday, with the pan-European Stoxx 600 rising 4.9% by mid-morning. The surge followed an unexpected move by U.S. President Donald Trump to temporarily…
The Ghana Stock Exchange (GSE) kicked off 2025 with impressive gains, driven by substantial growth from key companies in the first quarter. Ecobank Transnational Incorporated (ETI) led the charge, seeing…
The Nigerian fixed-income market experienced significant bullish momentum in the first quarter of 2025, driven by factors such as inflation moderation, exchange rate stability, and higher rates on new issues,…
World markets experienced sharp declines on Monday, with gold prices hitting a record high as global trade tensions escalated. U.S. President Donald Trump’s remarks on Air Force One indicated that…
European markets remained stable on Tuesday as investors awaited a key vote in the German parliament on a significant overhaul of government spending. This move could provide a much-needed boost…
The euro surged to a near five-month high, reaching $1.0947, as Ukraine signaled its readiness to accept a month-long ceasefire following a proposal from the U.S. This development came as…
The Nigerian Exchange (NGX) experienced a bearish trend on Tuesday, with the market losing N285 billion in capitalisation, largely driven by declines in key stocks. The All-Share Index dropped by…
In the first two months of 2025, ten stockbrokers on the Nigerian Exchange Limited (NGX) facilitated transactions totaling N601.078 billion, accounting for over half of the exchange’s trade value. Cardinalstone…
Nigerian Breweries Plc has officially listed 20.7 billion newly allotted ordinary shares on the Nigerian Exchange Limited (NGX). The announcement by the company’s Legal Director and Company Secretary, Uaboi Agbebaku,…
Despite recent regulatory advancements, including the Investment and Securities Bill (ISB) 2024, investor confidence in Nigeria’s equities market remains fragile. The new legislation addresses gaps in market oversight, incorporates modern…
The Nigerian Exchange (NGX) saw a positive trading session on December 18, 2024, with the equity market gaining N78 billion in value. This growth was driven by significant increases in…
Foreign Portfolio Investments (FPIs) in the Nigerian stock market surged by 180.95% in the first ten months of 2024, reaching N344.30 billion compared to N122.55 billion during the same period…
The Nigerian stock market kicked off the week on a positive note, driven by a surge in investor interest for Aradel Holdings Plc and 34 other stocks. Aradel Holdings saw…
The Nigerian equity market soared by N704bn over six days, pushing the market capitalization above N60tn. At Monday’s close, the market added N330bn, with 740.89 million shares worth N16.88bn traded…
The Nigerian equities market ended the week of November 13, 2024, on a note, with the NGX All-Share Index (ASI) climbing by 1.19% to 99,378.06 points, nearing the landmark 100,000-point…
The Nigerian Exchange Group (NGX) has imposed 3,792 regulatory sanctions on trading license holders over the past 13 years to curb market infractions and bolster investor confidence. Through its regulatory…
The Nigerian stock market extended its bullish run last week, driven by increased investor confidence and seasonal factors like the “January effect,” which has historically influenced market trends. Domestic and…
Global stock markets saw a slight uptick on December 12, supported by expectations of a U.S. Federal Reserve interest rate cut next week following consumer inflation data that matched expectations.…
Stocks remained steady on December 11 as investors awaited key U.S. inflation data, which could influence future Federal Reserve rate cuts. European markets experienced slight losses, influenced by disappointing corporate…
The Nigerian stock market rebounded with a capitalization increase of N60 billion, driven by investors’ strong demand for MTN Nigeria Communications Plc and 36 other stocks. The Nigerian Exchange Limited…
Tier-1 banks in Nigeria have significantly contributed to the year-to-date (YTD) growth of the Nigerian Exchange Limited (NGX) market capitalization, which reached N5.93 trillion as of December 6, 2024. These…
China’s equity markets rallied to near one-month highs after a Politburo announcement signaled a shift toward “moderately loose” monetary policy, sparking optimism among investors. While the statement lacked detailed measures,…
Asian stock markets faced a challenging start to the week as South Korean stocks tumbled by 2.4%, driven by political uncertainty surrounding President Yoon Suk Yeol’s future. Meanwhile, China’s consumer…
The Nigerian equities market closed last week with a bullish performance, as gains from Wapco, Seplat, and Access Holdings pushed market capitalization to N59.5 trillion, up from N59.215 trillion the…
Nigeria has re-entered the global capital markets after a two-year hiatus, issuing $2.2 billion in Eurobonds to address its fiscal deficit. The bonds, denominated in US dollars, include a 6.5-year…
Dangote Cement has surpassed Airtel Africa and 11 other companies to become the most capitalized stock on the Nigerian Exchange Limited (NGX), with a market capitalization of N8.16 trillion in…
Asian and European stock markets saw strong gains on December 3, following a rally in US tech stocks that pushed Wall Street to new record highs. Japan’s Nikkei index rose…