Tag
NGX
MTN Nigeria has bought out the minority shareholder in MoMo Payment Service Bank (MoMo PSB) for N6.95 billion.
Amid a global stock market crash that saw global stock markets lose over $2 trillion in market capitalization, the Nigerian Exchange (NGX) posted its first bullish trading day since July 22, 2024.
In July, the NGX posted a 2.28% decline as the All-Share Index moved from 100,057.49 at the start of the month to end the month at 97,774.22.
In response to the ongoing #EndBadGovernance protests, some banks in Nigeria have implemented remote work policies for their employees.
Dangote Cement Plc, the most capitalized stock on the Nigerian Exchange (NGX), recorded a 9.99% decline on the NGX today, resulting in a N1.12 trillion loss in its market value.
Transcorp Power, which listed on the NGX on March 4 will distribute a total dividend of N34.7 billion. This includes a final dividend of N24.5 billion for the fiscal year 2023 and an interim dividend of N11.25 billion for the first half of 2024.
Transcorp Power Plc, the owners of Ughelli and Afam power plants have posted a pre-tax profit of N51 billion, representing a 214% year-on-year growth from the N16.2 billion posted in H1 2023.
Access Holdings has since blown past competing with Nigerian banks and has now set its sights on the continent. This time, they want to be among the top 5 banks in Africa (the bank was not clear by what measure).
United Capital Plc was the top gainer in the NGX for the week ending July 19, 2024, with its share price appreciating by 42.78% to close the week at N40.55.
Livingtrust Mortgage Bank Plc has posted impressive performance for the period ended June 30, 2024.
MTN Nigeria recorded a 1.99% gain, representing an equity gain of N81.9 billion on the final trading day of the week.
Nnewi-based cable manufacturer, Cutix Plc is currently trading at a share price of N6.13, marking a 46% appreciation from its July 12 opening price of N4.20.