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...

After Bearish Trend, Equity Market Rebounds with N95bn Gain The Nigerian equity market recovered from the previous day’s loss with a N94.95bn gain on Wednesday, buoyed by an appreciation by Cocoa Processors, Oando, Computer Warehouse Group and 32 other stocks. The market capitalisation and the All...

NGX Slams N76.8m Fine On Nine Firms The Nigerian Exchange Limited (NGX) has imposed a N76.8 million fine on nine quoted companies for failure to file their audited financial statements after the regulatory due date. A report by Nairametrics indicated that the companies were sanctioned for...