- NEAR Protocol Dips 10% Over Alleged Stolen Patented Technology
- XRP Seeks Catalyst to Halt Downtrend, Breaks Below $1.30
- Bitcoin Drops to $80.5k on Spot ETFS Outflows, AI Stocks Rout
- Naira Touches N1,395 to US Dollar as FX Order Book Surges
- Nigeria’s Gas Reserves Rise 3% to 215.29 Trillion Cubic Feet
- Oil Prices Edge Higher, Brent Rises 5% Week-on-Week to $115
- FirstHoldco Soars on Earnings Beat, Otedola, RC Hold 50% of All Shares
- XRP Upside Rises to 35% as Ledger Upgrade Delayed to Nov.
Author: Marketforces Africa
MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.
GTCO Plc tops the list as the most valuable among its banking peers. It is also a less volatile banking stock when compared with the performance of the big five on the Nigerian Exchange.
Zenith Bank Trades at 24% Discount to 52-Week High Zenith Bank Plc is now the second most valuable financial institution in terms of stock market valuation as of Friday close. The Ajose Adeogun based deposit money bank regained its grooves back due to increased positioning in its stock. Its market value had dropped below N1 trillion during the intermittent sell spree in the stock,whicht made the bank stock one of the targets for quick exits. The pan-African lender ranked higher among stocks that enjoy positive analysts recommendations with strong buying interest due to its upside potential. At the close of…
FBN Holdings Trades at 48.6% Discount to 52-Week High FBN Holdings Plc declined marginally to N22.6 per share from N22.75 despite buying momentum on the Nigerian Exchange. This left the elephant market valuation at N811.2 billion. Ticker: FBNH is trading at a 48.58% discount to its 52 week high. The finance services company’s stock peaked at N43.95 before making a degree U-turn in the second quarter of 2024 following an earnings delay and subsequent dividend cut. In its latest update on Nigerian banks, Fitch excluded FBN Holdings from lenders whose outlooks were upgraded. FBN Holdings has surmounted various degrees of…
Top big banks listed on the Nigerian Exchange, NGX saw their combined market value rise to about N46
The World Food Programme (WFP) says it will increase its food and nutrition assistance programme in
Assurance Company, Veritas Kapital Plc, market value surged by about 18% to N10.261 billion on the Nigerian Exchange last week after it released first quarter
Guinness Nigeria Plc’s market value climbed by 19.2% over the last five trading sessions in the stock market following notice of Diageo’s decision to sell its
Total Energies Marketing Plc surge by 21% to hits its 52-week high due to investors renewed interest in the company shares after notice of earnings forecast.
Ranked among top performers on the Nigerian Exchange, Chams Plc’s market value surged by 23.4% over the last five trading sessions in the local bourse.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the extension of the deadline for the registration and submission of