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...

Investors Lose N26bn On Profit-taking Activities   The equities market closed the first trading week of the year on a negative zone with investors recording N26 billion losses. The development is contrary to analysts’ prediction that the bullish trend the market took towards ended 2022 would be...

NGX Group Posts N820.17m Profit In H1, 2022   The Nigerian Exchange Group (NGX Group) has announced its unaudited results for the half year (H1) ended June 30, 2022 with N820.17million profit, representing an increase of 82.4 per cent from N million reported in the half...

Jaiz Bank Increases Its Half-year Profit By More Than 27%   Jaiz Bank Plc's unaudited financial results for the second quarter ended 30 June 2022 were released to the Nigerian Exchange Group (NGX), revealing a 27.6% increase in Profit After Tax (PAT) from N1.99 billion declared...

Despite Macroeconomic Challenges, Eight Banks Report N176.11bn Profit   Despite global and domestic macroeconomic challenges, eight Nigerian banks generated a whopping sum of N176.11billion as profit in the half-year ended June 30, 2022, an increase of 34.66 per cent over N130.78 billion profit earned in the...

Stock Investors Net N598bn Capital Gains Amid Profit-taking   Investors in Nigerian equities closed weekend with net capital gains of N598 billion despite the onset of a considerable profit-taking. Investors sought to monetise substantial capital gains built up over weeks of successive rally but gains by large-cap...