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NGX
The Nigerian Exchange (NGX) concluded the trading session on a negative note, as selling pressure overshadowed buying interest, leading to a decline of 336.26 points.
Oando PLC has notified its shareholders of the resignation of Mr. Tanimu Yakubu, a non-executive director of the company.
The Nigerian banking sector is gradually recovering from a significant decline in April, which saw the sector's index drop by 24% to close at 774 index points.
Nigeria's All-Share Index fell by 1.16% in the third week of August, influenced by declines in some equities. The index fell from an opening of 97,100,31 points on Monday to end the week at 95,973 points.
Agro-based companies listed on the Nigerian Exchange have reported yet another period of profitability growth in the first half of 2024.
Airtel Africa has announced that it is commencing the second tranche of its share buyback program worth $50 million.
Consumer goods companies listed on the Nigerian Stock Exchange (NGX) reported a significant uptick in their cost of production in the first half of the year.
Seplat Energy Plc will pay N28 billion in interim dividends to its shareholders for the second quarter of 2024.
The Nigerian stock market is up roughly 31% this year and is in a bull run despite the country's tough economic climate.
About one year after the move by the Central Bank to float the Naira and achieve a unified exchange rate, the market capitalization of the Nigerian Exchange (NGX) has declined by $27.8 billion.
The Federal Government of Nigeria has launched its Series I Domestic USD Bond, as it hopes to raise at least $500 million from local and international investors.
Foreign portfolio inflow into the Nigerian Exchange (NGX) in the first half of 2024 was about $161.4 million, representing a 14% year-on-year growth from $141.8 million as at the first half of 2023.