Browsing: NGX

UBA, OANDO Drive Nigerian Exchange Higher by N58bn Positive price movement in UBA, Oando Plc drove equities market capitalisation of…

The combined wealth of equities investors on the Nigerian Exchange (NGX) rose by about N120 billion due to bargain hunting which drove key indicators

Naira Strengthens to N1,540 as Huge FX Auction Eased Volatility The naira exchange rate strengthened to N1,540 against the US…

Nigeria’s gross external reserves balance increased to about $37.869 billion amidst sustained foreign currency inflows into the economy, data from the Central Bank (CBN) showed.

The domestic bourse on Friday continued its downtrend with a 0.07 per cent loss, equivalent to N37 billion, driven by sell-offs in Tier-one banking stocks.

Equities investors gained about N80 billion on the Nigerian Exchange (NGX) as banking stocks dominate traders buying buckets. 

Nigeria’s top investment banking firm, CardinalStone Limited, has slashed Airtel Africa’s 12-month price target amidst expectation that the telecom company will return to profitability in the financial year 2024/2025.

Value hunters in the equities segment of the Nigerian Exchange or the stock market saw about N455 billion in gain due to strong buy side activities.

FBN Holdings, Access and Sterling Plc traded against positive market direction on Friday on the Nigerian Exchange. Equities investors gained more than N114

The Securities and Exchange Commission (SEC) says it will encourage government agencies and state owned enterprises to list on the Nigerian Exchange