Browsing Category
Stock
Europe stocks mixed after three straight declines; U.S. jobs data in focus
European stock markets opened Thursday on a mixed note, extending a negative trend despite hitting record highs…
US regulator finds banks have work to do on climate risk, sources say
Global stock markets surged on Friday, heading for a fourth straight month of gains, driven by positive U.S.…
Stock deals jump 44% on banks’ recapitalisation
In the first seven months of 2024, Nigerian equities market transactions increased by 44% compared to the same…
Equities market records 0.87% growth in 1 week, investors gain N481bn
The Nigerian equities market experienced a positive turnaround, with the All-Share Index (ASI) rising by 0.87%…
Futures advance as Big Tech continues to recover
U.S. stock index futures surged on Wednesday, recovering from earlier losses as investors regained risk appetite.…
Global stock markets plunge on US recession fears
Global stock markets experienced severe declines on Monday, with Wall Street and Tokyo’s Nikkei seeing significant…
Stock investors lose N32bn amid selloffs
The Nigerian stock market saw another decline on Wednesday, with investors losing N32 billion.
The market…
Commodities fall, stocks nervy ahead of Fed, BOJ rate decisions
Oil prices fell to their lowest since early June, with Brent crude dropping to $79.34 per barrel as concerns about…
Stock Market Down N1.3tn WoW as Investors Migrate to Fixed Income Market
Following the Central Bank of Nigeria's (CBN) increase in the Monetary Policy Rate (MPR) to 26.75%, the Nigerian…
NGX delists three companies over poor standards
The Nigerian Exchange (NGX) has delisted three companies—Niger Insurance Plc, Resort Savings and Loans Plc, and…
NEM’s shareholders approve N3.0bn dividend
At the Annual General Meeting, shareholders of NEM Insurance Plc approved a N3 billion dividend for the fiscal…
Shares stable, euro downtrodden as political turmoil saps market mood
Shares stabilized on Monday as European stocks partially recovered from last week's losses, with the euro…
Murray-Bruce, Omokri support Fidelity Bank, urge Nigerians to buy its stock
Former Senator Ben Murray-Bruce and ex-presidential aide Reno Omokri have both expressed strong endorsements for…
Stock market rally pauses as US jobs data looms
Global stock markets are currently in a wait-and-see mode, with investors closely monitoring the upcoming US jobs…
Stock investors gain N619bn in May despite rates hike
The Nigerian equities market showed resilience in May, posting a marginal gain of N619 billion despite the Central…
Saudi Arabia Considers Selling More Aramco Shares
Saudi Arabia is preparing to announce a potential secondary share offering for Aramco, its state-owned oil giant.…
MPC: Stock investors maintain cautious stance, lose N290bn
Nigerian stock market investors are feeling the pinch after the recent Monetary Policy Committee (MPC) meeting.…
Nigerian Treasury Bill Rates Unresponsive to CBN Interest Hike
Despite a recent hike in interest rates by Nigeria's Central Bank, rates on one-year treasury bills remained…
Equity market bounces back with weekly gain of N812 Billion
After experiencing a downturn of N3.54 trillion in April, the Nigerian equity market saw its first weekly gain,…
Transcorp plans share capital reduction
Transnational Corporation Plc has announced plans to reduce its number of shares through a share capital…
Global stocks steady, metals fly
On Tuesday, global shares showed a mixed performance as investors awaited this week's U.S. inflation report and an…
Stock market sees investor losses on bearish trading
Stock investors faced losses totaling N252 billion as the Nigerian Exchange sustained a bearish trend on Thursday,…
FG to issue foreign currency denominated bonds in June
The Federal Government has announced intentions to launch domestic bonds denominated in foreign currency in the…
Stock market starts week with bearish trend, investors lose N24.83
The Nigerian Exchange (NGX) All-Share Index began the week's trading on a downward note, shedding 4 basis points…
Africa Prudential approve 900m dividends
Shareholders of Africa Prudential Plc have given their approval for the payment of N900 million in dividends,…
SEC declines PZ Cussons request to buy out Other shareholders
PZ Cussons Nigeria's plan to delist from the Nigerian Exchange Group (NGX) has encountered a hurdle, as the…
N193 billion loans have been declared lost inside CBN’s 10trn intervention
The Central Bank of Nigeria's Intervention Funds Programme, totaling N10.3 trillion, has shown a repayment rate of…
Asia stocks climb; Gold, Bitcoin Drift after Hitting Record Highs
Asian stocks saw gains on Wednesday as traders anticipated policy indications from Beijing during its week-long…
Japanese Stocks Stage Comeback
The Nikkei's surge towards a record high symbolizes Japanese stocks' resurgence in global portfolios, marking a…
Naira Depreciates as FX Market Witnesses Decline in Dollar Supply
The foreign exchange (FX) market in Nigeria experienced a notable 56.58% decrease in dollar supply on Wednesday,…