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Market Capitalisation

The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NGX records N419 billion growth in April

The market capitalisation of the Nigerian Stock (NGX) recorded a growth of N419 billion in April due to impressive first quarter results declared by some companies.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NGX rebounds by 1.75% on Dangote Cement, MTNN gains

Trading returned to positive territory on Thursday with the key indices rebounding by 1.75 per cent , amid gains by some highly capitalised stocks.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NGX extends bullish run with N88 billion growth

The nation’s bourse extended its bullish run on Tuesday with the market capitalisation increasing by N88 billion due to buy-interest in bellwether stocks.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NGX: Negative sentiments persist, indices down by 0.29%

Negative sentiments persisted on the Nigerian Exchange (NGX) on Tuesday, following profit-taking as Guinness dragged the All-Share Index lower by 0.29 per cent.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NGX: Stock market investors lose N81 billion to profit-taking

Trading on the Nigerian Exchange Limited (NGX), yesterday, closed the first trading session of the week on a negative note, as NSE-All-Share Index (ASI) declined by N81 billion or 0.40 per cent.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE resumes Easter holidays with N78 billion loss

The Nigerian stock market resumed after the Easter public holidays on Tuesday with a loss of 0.39 per cent due to persistent bearish trend.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Monetary policy, corporate results spur equity performance

The stock market swung back into positive territory yesterday following the retention of the Monetary Policy Rate, MPR, at 11.5 per cent by the Central Bank of Nigeria, CBN, in its second Monetary Policy Committee, MPC, meeting of the year.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NGX market capitalisation closes N20.02tn as index depreciates 0.69%

The NSE All-Share Index and Market Capitalisation depreciated by 0.69% to close the week ended March 19, 2021 at 38,382.39 and N20.082trillion respectively.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE’s indices drop further by 0.13 percent

Key indicators of the Nigerian Stock Exchange closed on Friday with a loss of 0.13 per cent, as turnover volume increased by 73.59 per cent.
Bitcoin hit a record-high above $43,000 on Monday after electric carmaker Tesla invested $1.5 billion in the digital currency.

Bitcoin market cap nears $1 trillion

Bitcoin hit yet another record high on Friday, and moved within sight of a market capitalisation of $1 trillion, blithely shrugging off analyst warnings that it is an “economic side show” and a poor hedge against a fall in stock prices.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE moves 307.79 million shares valued N2.91 billion in bearish trend

The Nigerian Stock Exchange (NSE) on Friday moved 307.79 million shares valued at N2.91 billion exchanged in 4,393 deals.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE opens week with 0.33% growth on Seplat, Lafarge Africa gains

Trading in the domestic equities market commenced the week on a positive note, growing by 0.33 per cent due to buying interests in Seplat, Lafarge Africa and Tier-1 banking stocks.
Shoppers leave the Shoprite store in Daveyton, South Africa May 23, 2018. REUTERS-Siphiwe Sibeko

Shoprite sees half-year profits growing by up to 22.5 percent

Shoprite Holdings Ltd said on Monday its profits for the half year that ended Dec. 27 will be higher by between 12.5% and 22.5% compared with the same period a year ago.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE closes week in red, down by 1.40%

The market indices of the Nigerian Stock Exchange (NSE) closed in red on Friday, dropping by 1.40 per cent due to Dangote Cement price drop.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE’s capitalisation drops further by N112bn on profit taking

The local bourse sustained its negative run on Thursday recording the fourth consecutive loss, following profit taking in Dangote Cement, Zenith Bank and United Bank for Africa stocks.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Profit taking: NSE market indices drop further by 0.10 percent

Nigeria’s bourse on Wednesday sustained its bearish performance for the third consecutive trading day, with the market indicators dropping further by 0.10 per cent.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Trading rebounds on NSE, up N50 billion

Transactions on the Nigerian Stock Exchange (NSE) rebounded on Wednesday by N50 billion, halting two consecutive days bearish trend due to sustained bargain-hunting in insurance stocks.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE: Nigerian stocks maintain bullish trend for fifth straight day

Equities on the Nigerian Stock Exchange generally posted their fifth consecutive daily gains on Thursday as leading stocks including Seplat, Dangote Cement and MTNN propelled the N325 billion upward drift.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE extends gain, index rises further by 0.11 percent

Positive sentiments persisted on the Nigerian Stock Exchange on Wednesday with the All-Share Index extending growth by 0.11 per cent.
Nigeria’s biggest company by market capitalisation, Dangote Cement, has announced the completion of the first tranche of its share buyback programme.

Dangote Cement pays investors N9.7bn in first share buyback programme

Dangote Cement, Nigeria’s biggest company by market capitalisation, has announced the completion of the first tranche of its share buyback programme.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE opens week with 0.08 percent growth

Trading on the nation’s bourse resumed on Monday on a positive note, following investors’ interest in shares of Zenith Bank, International Breweries (IB) and Flourmill.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

All-Share Index rises 2.2% as market begins 2021 on positive note

The equities market began 2021 on positive note yesterday as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose 2.18 per cent to close at 41,147.39, while market capitalisation added N458.4 billion to be at N21.5 trillion.

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FILE PHOTO - A picture illustration shows U.S. 100 dollar bank notes taken in Tokyo August 2, 2011. REUTERS-Yuriko Nakao-File Photo

World Bank: Nigeria responsible for over 40 percent diaspora remittances in Sub Saharan Africa

In a statement on Wednesday, the Washington-based financial institution said remittances to SSA declined by an estimated 12.5 percent in 2020 to $42 billion. The decline was almost entirely due to a 27.7 percent decline in remittance flows to Nigeria,

Femi Falana: Southern governors should legalise open grazing ban to prosecute offenders

Human rights lawyer, Femi Falana (SAN), has urged southern governors in the country to back their ban on open grazing with a legal instrument to enable the prosecution of offenders.
The Judicial Commission of Inquiry set up by Governor Godwin Obaseki to investigate the construction of the Edo Specialist Hospital and supply of equipment has indicted former governor, Adams Oshiomhole.

Edo governor: Nigeria’s unity must be on social justice, equity

The Governor of Edo State, Godwin Obaseki, has called for unity in Nigeria in order for the country to overcome its many challenges.
Demonstrators gather outside the army headquarters in Khartoum on Tuesday [Ashraf Shazly-AFP]

Two people killed in Sudan rally over 2019 protest killings

At least two people have been killed and dozens wounded as Sudanese security forces cracked down on a rally that demanded justice for protesters killed during anti-government demonstrations two years ago, according to the army.
The police command in Ekiti on Friday confirmed the killing of a police officer as gunmen allegedly abducted a Chinese expatriate in Ado Ekiti, the Ekiti State capital.

Gunmen abduct graduate, one other in Ondo community

Gunmen suspected to be kidnappers have created tension in Ikaram Akoko, in Akoko North West council area of Ondo State, following the abduction of two residents of the community including a graduate, identified as Gbodi.

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The police command in Ekiti on Friday confirmed the killing of a police officer as gunmen allegedly abducted a Chinese expatriate in Ado Ekiti, the Ekiti State capital.

Hoodlums attack police station in Abia

Ubani Market Police Station in Bende Local Government Area of Abia State has been razed by hoodlums suspected to be members of the Indigenous People of Biafra.
The House of Representatives, Tuesday, intervened in the conflict between telecommunication companies and banks over N42billion debts from Unstructured Supplementary Service Data(USSD).

House summons finance minister, FIRS, others over loss of revenue to illicit financial flows

The House of Representatives has summoned the Minister of Finance, the Heads of the Federal Inland Revenue Service (FIRS), the Economic and Financial Crimes Commission (EFCC), the Central Bank of Nigeria (CBN) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC), the Nigerian Financial Intelligence Unit (NFIU), the Nigerian Export-Import Bank (NEXIM), and the Nigerian National Petroleum Corporation (NNPC) over the continuous loss of government revenue to illicit financial flows (IFFs).

Plateau council chair asks Nigerian government to give incentives, light weapons to vigilante group

The Executive Chairman of Langtang North Local Government Council of Plateau State, Hon. Ubandoma Joshua Laven, has appealed to Federal Government to provide incentives and grant Vigilante Group of Nigeria license to carry light weapons in the fight against kidnapping and banditry in the country.
Paris Saint-Germain are making a move for Manchester City striker, Sergio Aguero.

Barcelona open free transfer talks with Manchester City veteran

Barcelona have commenced initial talks with Manchester City star Sergio Aguero ahead of a free transfer move this summer.
The Akwa Ibom State Government on Wednesday inaugurated its own airline, Ibom Air.

Bayelsa moves to commence commercial flights with Ibom Air

The Bayelsa State Government has opened partnership discussions with the Akwa Ibom State Government on the use of Ibom Air to start commercial flight operations at the Bayelsa International Airport.