How Naira Crisis, Elections Affected 2023 Revenue - NGX The Nigerian Exchange Group (NGX) has said the last general elections and the naira redesign policy of the Central Bank of Nigeria impacted its top-line revenue negatively. It said this resulted in a 20.5 per cent decline...

Cash Crunch: Lafarge, Bua Foods Lament Impact on Q1 Results   At least two manufacturers in the Nigerian economy, Lafarge Africa Plc and Bua Foods Plc have highlighted the cash crunch and the 2023 general elections as challenges that they faced in their operations in the...

Stock Market Depreciated By N1.01trn In April   The stock market of the Nigerian Exchange Limited (NGX) depreciated by N1.01trillion or per cent in April 2023 amid impressive 2022 financial year corporate earnings and dividend payout to shareholders by listed companies. Although the stock market has gained...

Stock Market Profit Rises to N75bn   The Nigerian Exchange Limited on Thursday continued its upward movement with a N75bn gain for investors. The All-Share Index moved up by 0.26 per cent or 138.26 base points to 52, 235.88. Similarly, the market capitalisation appreciated by 0.26 per...

Foreign Transactions On NGX Drop By 53%   The transactions done by foreign investors on the Nigerian Exchange Limited (NGX) decreased by 53.16 per cent from N19.62bn (about $42.51m) to N9.19bn (about $19.94m) between February and March 2023. This was disclosed in the March edition of the...

Stock Investors Lose N304bn In One Week   The All-Share Index and market capitalisation depreciated by 1.08 per cent to close the week at 51,355.74 as the market capitalisation shed N304bn to close the week at N27.963 tn. The year-to-date returns for investors have now settled...