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Analysis
FirstHoldCo Plc 45.575 billion outstanding shares market value slipped about 13% below its 52-week high on the Nigerian Exchange (NGX), its trading data from the local bourse revealed.
Equities investors lost about N73 billion as the Nigerian Exchange (NGX) All-Share Index (ASI) dipped on Thursday ahead of the Democracy Day holiday.
Oil prices rose as escalating military exchanges between the US and Iran and renewed tensions surrounding the Strait of Hormuz heightened fears of disruptions to global crude supplies.
The average yield on Nigerian Treasury bills (NTB) climbed by 12 basis points (bps) in the secondary market on Wednesday as investors sold off naira assets.
The Nigerian Exchange (NGX) All-Share Index (ASI) climbed as equities investors gained N99 billion, extending the 3-day rally. The Nigerian stock market closed on a positive note as buying interest persisted in several large- and mid-cap stocks.
OpenAI has officially joined Wall Street’s initial public offering (IPO) along with SpaceX and Anthropic, announcing that it has confidentially submitted a draft S-1 filing to regulators.
Seplat Energy Plc has appointed Mr Effiong Okon as Chief Executive Officer from Aug. 1, while Mr Tony Elumelu will become Chairman from Jan. 1, 2027.