Unilever, Dangote Cement, others trigger stock market rebound

Renewed bargain-hunting on some blue-chip companies, especially Unilever and Dangote cement, aided transactions on the Nigerian Stock Exchange (NSE), causing market capitalisation to increase by N14 billion. Specifically, at the close of trading yesterday, the All Share Index (ASI) was up by 39.76 absolute points, representing an increase of 0.12 per cent to close at […]

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Use capital market for privatisation, stakeholders tell FG

As the Federal Government steps up plans to offer more of its assets for sale under the ongoing privatisation programme, stakeholders in Nigeria’s capital have renewed the call to ensure that the exercise is done through the capital market. The stakeholders argued that the exercise would witness high level of transparency and success, if government […]

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Investors lose N756 billion in one month

The ongoing volatility in the nation’s stock market, occasioned by continued selloffs and assessed political risks, has spurred an unprecedented lull in the market, as investors count losses worth N756 billion in September. The figure is derived from the N12.718 trillion market capitalisation and 34,837.50 points recorded in the All-Share Index, at the opening of […]

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Dangote Cement, GTB, others lead stock market’s N198b gain

• Investors enjoined to trade cautiously in near term Following price gains recorded by major highly capitalised stocks, especially Dangote Cement, and Guaranty Trust Bank (GTB), transactions on the equity sector of the Nigerian Stock Exchange (NSE), reopened in an upbeat after the two days holiday to mark the Eid-el Kabir celebration yesterday.Market capitalisation rose […]

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