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Sunday, October 2, 2022

Stock Market Depreciates By N33bn On Selloffs In MTN, Others

The Nigerian Exchange Limited (NGX) stock market lost N33 billion yesterday as a result of selloffs in MTN Nigeria Communications (MTN) and 14 other...

Dangote, MTN Lead In N330.9bn Tax To Revenue Agencies

In the first half (H1) of 2022, a total of 18 businesses operating in Nigeria and other African nations sent N330.9 billion to revenue...

Stock Market Down N615bn On Sell-Off In Dangote, MTN, Others

The Nigerian Exchange Limited (NGX) stock market continued to decline, resulting in a N615 billion decline in overall market capitalization, dropping below N26 trillion....

NGX Group Reports N820.17m Profit In H1 2022

The Nigerian Exchange Group (NGX Group) has released its unaudited results for the half year (H1) ended June 30, 2022, with a profit of...

SEC Warns Investors Against Illegal Crowdfunding Platforms

The Securities and Exchange Commission (SEC) has issued a fresh warning to investors who use unregistered investment crowdfunding sites. Crowdfunding is the technique of soliciting...

Outflow Of Foreign Investment In NGX Rises By N122.97bn

As concerns about general elections and worldwide economic turbulence grew, foreign investment outflows on the Nigerian Exchange Limited (NGX) surged to N122.97 billion in...

Dangote, Others Report N1.18trn Revenue, N270.9bn Profit in H1 2022

Following increased demand driven by infrastructure expansion in Africa, three cement manufacturing businesses listed on the Nigerian Exchange Limited (NGX) have declared N1.18 trillion...

Naira Rises To N665/$ At Parallel Market After EFCC Raid

The Nigerian Naira maintained its pace on the parallel market on Tuesday, rising to N665 per dollar only days after security officers stormed an...

NGX Reveals Plans To Address Housing Deficit, Raises N72bn

Nigerian Exchange Group (NGX) Plc plans to launch an impact board soon to meet the needs of the housing sector while also assisting Nigeria...

Naira Slumps Further To N670 Per Dollar At Parallel Market

The Nigerian naira fell further on Monday, reaching an all-time low of N670 versus the US dollar on different currency trading platforms. In the meanwhile,...

Tesla Shares Drop In Value After Elon Musk’s ‘Sex Scandal’

Tesla shares, on Monday, July 25, 2022, dropped in value by 2.18%. The drop in value for Tesla shares was recorded on the American stock...

AfDB, SEC Collaborate On Market Surveillance Project With $460,000 Grant

The Securities and Exchange Commission (SEC) and the African Development Bank Group (AfDB) have signed an agreement for a $460,000 grant on a market...

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