CAP Post-Tax Profit Decline by 42% Chemical and Allied Products Plc has reported a 42 per cent decline in profit after tax for the second quarter of 2024. The company’s post-tax profit fell from N895m in Q2 2023 to N517m in Q2 2024, driven by escalating...

Bearish Trend: NGX Trading Dips as Investors Lose N68bn  Investors lost N68bn on Wednesday as the equity market continued with its bearish trading. The All Share Index and the Market Capitalisation declined by 0.12 per cent each to settle at 100,365.17 points and N56.83tn, respectively. This brings...

Trading Dips as Investors Lose N2bn Investors at the Nigerian equity market lost N2.18bn On Wednesday as trading Dipped for the third day this week. The All Share Index and the market capitalisation dipped marginally by 0.004 per cent to close at 99,802.08 and N56.46tn, respectively. On...

NGX Confirms Jude Chiemeka CEO The Nigerian Exchange Group (NGX) has announced the appointment of Jude Chiemeka as the Chief Executive Officer of Nigerian Exchange Limited. Chiemeka’s appointment is to take effect from July 1, 2024. This was disclosed in a statement made available by the Head...

NGX Trading Sustains Rally with N131bn Gain The equity market continued with its bullish trend as investors gained N131bn buoyed by appreciation in the shares of Cornerstone Insurance, RT Briscoe Nigeria, Industrial and Medical Gases and 26 other stocks. This is the second day of bullish...

Equity Market Opens Second Half with N21b Loss Nigerian equities opened trading for the second half with a streak of profit-taking as investors looked ahead to the second quarter earnings season. Average return at the equities market dropped by 0.04 per cent, equivalent to net capital...