Browsing: NGX

Dangote Refinery’s senior executive has disclosed the company’s intention to pursue a dual public listing on the Nigerian Exchanges (NGX) and the London Stock Exchange (LSE).

Equities investors gain N294 billion from the stock market on Tuesday due to sustained interest in medium and large companies. As a result, market capitalisation, which began at N55.359 trillion, increased by N294 billion to close at N55.653 trillion.

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.

The market value of Ecobank Transnational Inc. Plc. (ETI) fell by about 10% to N397 billion on Friday due to large volume selloffs on the floor of the Nigerian Exchange. In the first three months of 2024, earnings results revealed that the Pan African lenders earned $0.28 per share outstanding, as opposed to $0.26 on shares deployed for operation in the corresponding period in 2023.

It has been a dirty week as bears go on the rampage in the equities market amidst a surge in the consumer price index, benchmark interest rate and mild economic growth data.  Key performance indicators tumbled by 0.52% as the Nigerian Exchange (NGX) recorded another downturn on Friday.