Home Topics Stocks

Stocks

As a result, the Nigerian Exchange (NGX) Limited All-Share Index (ASI) rose 0.7 per cent to close at 39,170.95, just as market capitalisation rose N150.8 billion to close higher at N20.4 trillion.

Nigerian stock market opens week with N340 billion loss

The Nigerian stock market, yesterday, ended the first trading session of the week on a negative note, as the market declined by N340 billion following sell-offs in Airtel Africa Plc and 25 others.
As a result, the Nigerian Exchange (NGX) Limited All-Share Index (ASI) rose 0.7 per cent to close at 39,170.95, just as market capitalisation rose N150.8 billion to close higher at N20.4 trillion.

Stock market gains N151 billion as bulls consolidate hold

The bulls had regained control of the market on Tuesday after a negative trading on the first day of the week. The positive trend continued yesterday as 25 stocks appreciated in prices compared with six that depreciated.
OPEC and its oil allies reached agreement Sunday to cut global production by 9.7 million barrels a day starting May 1, to shore up the world price in the face of a significant drop in the demand for oil because of the coronavirus pandemic.

OPEC commits to stable global oil market

The Organisation of Petroleum Exporting Countries and non-OPEC ministerial meeting has reaffirmed its commitment to a stable global market in the mutual interest of producing countries.
An adult holding a baby walks at a store selling baby products in Shanghai, China June 1, 2021. REUTERS-Aly Song

China’s third-child policy boosts shares in toy, diaper makers

China’s announcement on Monday to allow married couples to have up to three children - from the previous limit of two - also sent brokerage analysts scrambling to recommend stocks, despite a widely-shared perception that the policy shift won’t have a sudden impact on the country’s declining birth rate.
FILE PHOTO- Nigerian Senate President Bukola Saraki arrives for a news conference at the National Assembly in Abuja, Aug. 8, 2018. REUTERS-Afolabi Sotunde-File Photo

Kwara government urged to prosecute Senator Saraki, others indicted in assets probe

The panel investigating the unlawful sale and disposal of government-owned assets in Kwara State has recommended the prosecution of two former governors, Bukola Saraki and Abdulfatah Ahmed, and others indicted in its report.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NGX maintains bearish trend, indices down by 0.08%

Transactions on the Nigerian stock market maintained bearish mood on Tuesday, extending the trading losses to seven consecutive sessions.
FILE PHOTO - A nurse works at the injection area during a vaccination session for healthcare workers following the recent rise in coronavirus disease (COVID-19) infections, at Far Eastern Memorial Hospital in New Taipei City, Taiwan May 20, 2021.

Pressure to accept China vaccines intensifies as Taiwan battles coronavirus surge

A surge in domestic COVID-19 cases in Taiwan after months of relative safety is intensifying pressure on the government to accept vaccines from China, as the island has vaccinated just 1% of the population with no immediate sign of new shots arriving.
Moorti, 62, a villager suffering from fever rests on a cot as she waits to receive treatment at a clinic set up by a local villager, amidst the spread of the coronavirus disease (COVID-19), in Parsaul village in Greater Noida, in the northern state of Uttar Pradesh, India, May 22, 2021. REUTERS/Adnan Abidi

Coronavirus spreads to rural India as deaths again rise above 4,000

India’s COVID-19 outbreak has stabilised in parts of the country, a government official said, but deaths rose by 4,194 on Saturday and infections were spreading in rural areas where public health services are scarce and already overstretched.
Malawi's Health Minister Khumbize Kandodo Chiponda (centre) lifts out a pack of expired Covid-19 Astra Zeneca from a transit box at an official ceremony at a pharmaceutical incinerator where the vaccines are to be destroyed at Kamuzu Central Hospital in Lilongwe.

Malawi destroys nearly 200 000 expired coronavirus vaccine doses

In a puff of smoke, Malawi destroyed nearly 20 000 expired Covid-19 vaccine doses on Wednesday.
FILE PHOTO: The grounds are prepared for mass cremation of coronavirus disease (COVID-19) victims in New Delhi, India, April 28, 2021. Picture taken on April 28, 2021. Picture taken with a drone. REUTERS/Danish Siddiqui

India infections top 18 million as gravediggers work round the clock

India’s total COVID-19 cases passed 18 million on Thursday after another world record number of daily infections, as gravediggers worked around the clock to bury victims and hundreds more were cremated in makeshift pyres in parks and parking lots
Madhuriben S Parmar reacts with an oxygen mask on as she speaks to her family on a video call while lying in an ambulance waiting to enter a COVID-19 hospital for treatment, amidst the spread of the coronavirus disease (COVID-19) in Ahmedabad, India, April 28, 2021. REUTERS/Amit Dave

Indians rush for coronavirus vaccines as death toll passes 200,000

Indians struggled to register online for a mass vaccination drive set to begin at the weekend as the country’s toll from the coronavirus surged past 200,000 on Wednesday, worsened by shortages of hospital beds and medical oxygen.
While social media lit up with posts about cryptocurrencies being hurt by United States President Joe Biden's tax plan, some traders and analysts said declines are likely to be temporary [File- Wei Leng Tay-Bloomberg]

Crypto: Bitcoin, Ether, XRP, Dogecoin sink over Biden tax plans

Bitcoin and other cryptocurrencies posted sharp losses on Friday, on concerns that United States President Joe Biden’s plan to raise capital gains taxes will curb investments in digital assets.
A patient with breathing problems is seen inside a car while waiting to enter a COVID-19 hospital for treatment, amidst the spread of the coronavirus disease (COVID-19), in Ahmedabad, India, April 22, 2021. REUTERS-Amit Dave

India increases states’ oxygen quota amid surge in coronavirus cases

As the demand for oxygen grows in the worst-hit COVID-19 states, India’s federal health ministry has announced an increase in quota for several states, officials said on Thursday.
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 Minister of State for Budget and National Planning, Clem Ikanade Agba, says to reduce the over 2.5 million acutely malnourished and stunted children, the Federal Government is implementing innovative policies and strategies that are appropriately funded, data-driven and sustainable.

Nigerian government to launch web-based solution for project monitoring

The Minister of State, Budget and National Planning, Clem Agba, has revealed plans by the federal government to launch a web application to be christened ‘Eye-Mark’, aimed at empowering Nigerians to report any poorly executed government projects to the government.

SEC warns Nigerian fintechs against trading foreign stocks

Nigeria’s Securities and Exchange Commission (SEC) has warned unregistered investment-tech platforms to desist from offering foreign securities to Nigerians.
Dr Matshidiso Moeti, WHO Regional Director for Africa

WHO: Africa administers less than 2% of global coronavirus vaccines

“Although progress is being made, many African countries have barely moved beyond the starting line,’’ Matshidiso Moeti, WHO regional director for Africa, said in a statement issued in Nairobi late on Thursday.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE: Investors lose N118 billion on renewed profit taking

Investors on the Nigerian equities market yesterday lost N118 billion as the market reversed its previous session gains on renewed profit-taking.

SEC cautions potential investors against ‘high returns’ fraud schemes

The Securities and Exchange Commission (SEC) has cautioned potential capital market investors against putting their monies in fraud schemes that promise unwarranted high returns.
Kanye West has reportedly dropped out of the 2020 presidential race less than two weeks after announcing his bid for the White House.

Kanye West now richest black person in US history

The 43-year-old rapper, who clinched his 22nd Grammy on Sunday for Best Contemporary Christian Music Album for ‘Jesus Is King,’ is now worth $6.6 billion.
FILE PHOTO - Dunkin' Donuts coffee packs are pictured alongside other coffee brands on the shelves of a grocery store in Pasadena, California July 25, 2013. REUTERS-Mario Anzuoni

U.S. coffee roasters weigh price increases, cite shipping inflation

Coffee processors in the United States, the world’s largest consumer of the beverage, are reporting significant cost increases in their operations, mostly related to transportation, and expect to raise retail prices soon.
FILE PHOTO - The logos of Amazon, Apple, Facebook and Google in a combination photo.-File Photo

BofA: Big tech-led equity inflows fuelling ‘mother-of-all asset bubbles’

A record rush to big technology stocks saw equity funds bagging $27.8 billion inflows last week with the ongoing ultra-easy monetary policy creating the “mother-of-all asset bubbles”, BofA said on Friday.

Recent Stories

Manchester United have identified Alexander Isak as an alternative target to Borussia Dortmund striker Erling Haaland this summer, The Star reports.

Manchester United identify Alexander Isak as Erling Braut Haaland alternative

Manchester United have identified Alexander Isak as an alternative target to Borussia Dortmund striker Erling Haaland this summer, The Star reports.
The naira this morning reversed its two weeks loss to the dollar in the parallel market, appreciating by N20 to N470 per dollar.

Naira appreciates at N493 to dollar in parallel market

The naira, on Thursday, appreciated by 1.8 percent to N493 to a dollar at the parallel market as the Central Bank of Nigeria (CBN) increased forex supplies to banks.
U.S. President Joe Biden gestures while speaking to the media before boarding Air Force One at Geneva airport, as he leaves Geneva after the U.S.-Russia summit, Switzerland, June 16, 2021. REUTERS-Kevin Lamarque

White House considering talks between Joe Biden and China’s Xi Jinping

The White House will consider arranging talks between President Joe Biden and his Chinese counterpart, Xi Jinping, as the two countries spar over issues including human rights, a top U.S. official said on Thursday.
President Muhammadu Buhari Thursday in Maiduguri, Borno State, assured citizens of the federal government’s presence in fighting terrorism to the end, and ensuring that Internally Displaced Persons (IDPs) are fully returned to continue normal lives, commending Governor Babagana Zulum for resilience and relentless efforts in rebuilding the state.

President Buhar: We won’t rest until peace is fully restored in Borno

President Muhammadu Buhari Thursday in Maiduguri, Borno State, assured citizens of the federal government’s presence in fighting terrorism to the end, and ensuring that Internally Displaced Persons (IDPs) are fully returned to continue normal lives, commending Governor Babagana Zulum for resilience and relentless efforts in rebuilding the state.
Lagos State Attorney General, Moyo Onigbanjo (SAN)

Lagos begins plea bargain session for Kirikiri inmates

In an effort to decongest correctional centres, the Lagos State Ministry of Justice on Thursday held a plea bargain session for some inmates at...

Most Popular

How wedding guests were bombed in Niger

An offensive aerial bombardment the Nigerian Air Force (NAF) Alpha jet carried out around Genu town in Niger State resulted in the killings of some wedding guests.
The Jwaneng mine where the diamond was found. Photo: Debswana

Gigantic diamond found in Botswana could be the world’s third-biggest ever

Debswana Diamond, a unit of De Beers Plc, unearthed a 1,098 carat stone in Botswana on June 1, the largest since the company began operations five decades ago.
Gov. Abubakar Bello of Niger has inaugurated a 14-man judicial panel of inquiry, to investigate cases of police brutality and other related extrajudicial acts by the disbanded Special Anti-Robbery Squad (SARS) in the state.

Niger governor: Democracy has entrenched democratic values in Nigeria

Niger State Governor, Alhaji Abubakar Bello has said that the state has made tangible progress in the entrenchment of democratic values in the affairs of governance with respect to rule of law, separation of power, fundamental human rights and constitutional provisions since the return of democratic government in 1999.
The allegation of marginalisation against Governor Udom Emmanuel by the Oro Think Tank is unfair and has no basis in objectivity, the Akwa Ibom State branch of the Civil Liberties Organisation, CLO, has declared.

Akwa Ibom governor hands over choice of successor to God

Akwa Ibom State Governor, Mr. Udom Gabriel Emmanuel, has promised that he will be careful to follow the will of God for the state in his succession plan as his administration gradually wound down in 2023.
“At this moment, l cannot say how many students were taken away by the gunmen until l get there, but we have already mobilized security men and members of the vigilantatè who are now in pursuit of the abductors,” the commissioner stated.

Bandits kidnap family of eight, four others in Kaduna

The latest attack comes barely 48 hours after bandits attacked Nuhu Bamali Polytechnic also in Zaria, kidnapping eight students and two lecturers, as well as shooting another student to death.