Stock Market Reverses Gain With N63bn Loss   The Nigerian equity market ended the first trading day of the week on a downward note, reversing recent gains with an N63bn loss. At the close of trading on Monday, the Nigerian Stock Exchange recorded a decline in its...

Customer Deposits in Eight Banks Now N85trn   Customer deposits in eight Deposit Money Banks reached N85.58tn in the third quarter of 2024, a 12.2 per cent increase from the N76.26tn recorded in the same period in 2023. This was disclosed in the Unaudited Interim Financial Statements...

New Listing on NGX Boosts Market Cap by N105bn   The new listing of 2,418,099,300 ordinary shares of 50 Kobo each per share of Notore Chemical Industries Plc on the daily official list of the Nigerian Exchange(NGX) boosted the market capitalisation of the local bourse to...

Equity Market Investors Lose As Sell-offs Continue Midweek trading on the Nigerian Exchange saw sell-offs continued, resulting in a N720bn loss to investors. This is also the third day of consecutive bearish trading on the exchange, which has resulted in a combined loss of N1.54tn. Wednesday’s bearish...

Foreign Investments Inflow To Capital Market Falls To N16bn   The foreign investment in the Nigerian Exchange dipped by about 9.73 per cent in January to N15.78bn compared to N17.48bn in December 2023. According to the latest Domestic and Foreign Portfolio Investment Report of the NGX, it...

BUA Foods: Sugar Rises Revenue To N728bn According to BUA Foods' 2023 revenue reports, enriched sugar has generated the highest revenue of the company's business segments. The firm’s total revenue rose by 74.13 per cent to N728.48bn in 2023 from N418.35bn in the prior year, underpinned...