Tag
FUGAZ
After 5 trading days of the week, only FBNH Plc, out of the five tier-1 Nigerian banks enjoyed positive market sentiments.
After 3 trading days of the week, 3 of the 5 tier-1 Nigerian banks enjoyed positive market sentiments, with FBNH Plc leading the gainers.
After 5 trading days of the week, 2 of the 5 tier-1 Nigerian banks suffered negative market sentiments, with FBNH Plc leading the decliners.
According to data from the NGX, the market capitalization of the top five banks grew to N2.29 trillion to appreciate by 1.12% during the week.
After 5 trading days of the week, 3 of the 5 tier-1 Nigerian banks enjoyed positive market sentiments, with FBNH Plc leading the gainers.
According to data from the NGX, the market capitalization of the top five banks dropped to N2.23 trillion, depreciating by 5.46% during the week.
After 5 trading days of the week, all the 5 tier-1 Nigerian banks suffered negative market sentiments, with FBNH Plc leading the decliners.
The top five biggest banks in Nigeria by market capitalisation paid N8 billion as information technology tax in 2021.
The market capitalization of the top five banks depreciated by 1.68% to close at N2.49 trillion as of the 6th of May, 2022.
The market capitalization of the top five banks, referred to as the Tier-1 banks or FUGAZ, depreciated by 7.19% to close at N2.38 trillion as at 1st of April, 2022.
The market capitalization of the top five banks declined to N2.68 trillion to depreciate by 1.14% during the week.
If there is any section of the Nigerian economy that will react to a rising oil price, then that section is the Nigerian Stock Market.