Browsing: Investors

The Director-General, Nasarawa State Geographical Information Services (NAGIS), Mr Sonny Agassi, said the agency generated N536 million as revenue between January and April 2024.

Buying interest in Oando Plc, Nestle Nigeria, banking names, and other supporting stocks is pushing the market capitalisation of the Nigerian bourse upward. The latest rally in the stock market has been boosted by dividend payment expectations and overall positive expectations in the Lagos bourse.

In Nigeria, a young tech-savvy and upwardly mobile population is teeming, and exploring derivable benefits of digital technologies. They are propelled by rapidly expanding internet access and steady broadband penetration, currently about 43 per cent.

Contrary to expectations that FX market intervention would help the exchange rate level around N1,000 per US dollar at the official window as predicted by Goldman Sachs, the naira disappointed, according to data from the FMDQ Securities Exchange for the official daily quote shows.

Equities investors wealth rose by over N259 billion to about N56.2 trillion on Thursday in the stock market. The gain drove Nigerian Exchange (NGX) equities market capitalization higher, thanks to bargain hunting in banking and oil and gas stocks.

The National Agency for Science and Engineering Infrastructure (NASENI) says arrangements have been concluded for the inauguration of its Compressed Natural Gas (CNG) Conversion, Filling, Reverse Engineering and Training Centre in Abuja.

The Central Bank of Nigeria (CBN) sold OMO bills at a spot rate of 22.34% for one year securities to investors who bid for 363-day tenor at the primary market auction conducted on Wednesday.

The Ministry of Marine and Blue Economy says it is implementing a 3-pronged strategy that will increase its revenue generation to N2 trillion per annum by 2027. Marine and Blue Economy Minister, Mr Adegboyega Oyetola, disclosed this at the ministerial press briefing on the administration of President Bola Tinubu sectorial update.

The total transactions by foreign investors on the Nigerian Exchange Ltd. (NGX) increased by 28.19 per cent between March and April. The NGX revealed this in its Domestic and Foreign Portfolio Investment Report, made available to the newsmen in Lagos.

Fixed interest securities investors trimmed interest in Nigerian government bonds in their portfolios to align with their investment appetite amidst fast changing market dynamics and a widening real return on naira assets.