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14 hours ago · By Dipo Olowookere The All-Share Index (ASI) and the market capitalisation of the Nigerian Exchange (NGX) Limited moved in different directions on Monday. Data showed that while the benchmark index depreciated by 0.04 per cent, the market capitalisation appreciated by 0.73 per cent as a result of the listing of 9.67

14 hours ago · By Adedapo Adesanya The Manufacturers Association of Nigeria (MAN) has expressed concerns over the proposed 15 per cent increase in port-related charges by the Nigerian Ports Authority (NPA), making it unattractive for many who may opt for alternative routes. The association, via its Director General, Mr Segun

Jan 13, 2025 · By Adedapo Adesanya. The NASD Over-the-Counter (OTC) Securities Exchange recorded a 0.20 per cent decline on Wednesday, February 5, with the market capitalisation going down by N3.50 billion to N1.779 trillion from the N1.782 trillion it ended a day earlier, and the NASD Unlisted Security Index (NSI) losing 6.19 points to settle at 3,140.55 points, in contrast to the previous day’s 3,146.74 ...

Jan 3, 2025 · By Dipo Olowookere The first trading session of 2025 on the floor of the Nigerian Exchange (NGX) Limited ended on a positive note, with a 0.25 per cent rise on Thursday. This surge was influenced by buying pressure in the insurance, banking and consumer goods sectors, which closed higher during the session by 9.50 per

Oct 15, 2024 · By Adedapo Adesanya Nigeria's inflation rate rose in September 2024 for the first time in three months, advancing to 32.70 per cent from 32.15 per cent in August. This beat analysts' expectations from Meristem Research which noted that Nigeria’s headline inflation for September 2024 should rise by 0.06 per

Jan 16, 2025 · By Dipo Olowookere Sustained profit-taking in high-cap stock like Dangote Cement deepened the woes of the Nigerian Exchange (NGX) Limited on Wednesday. The domestic equity market lost 1.47 per cent at midweek as the National Bureau of Statistics (NBS) revealed that inflation in Nigeria was further elevated in December

Oct 14, 2024 · By Dipo Olowookere The Nigerian Exchange (NGX) Limited recorded a turnover of 2.966 billion equities valued at N31.508 billion executed in 42,482 deals last week versus the 2.872 billion equities worth N132.811 billion carried out in 39,867 deals in the preceding week. Traders and investors were paid attention to

Jan 6, 2025 · By Adedapo Adesanya Start-ups in Africa raised $2.2 billion in 2024 in funding across equity, debt and grants, lower than the $2.9 billion raised in 2023 by 25 per cent amid a continued slowdown after a peak of $4.6 billion recorded in 2022. The Big Deal noted that this excludes exits - which is when investors realise