Nigerian Market News

• Naira gains at official market as turnover rise by 79.54% June 23, 2021
  Nigeria’s currency on Tuesday strengthened against the dollar at the official market following increased liquidity in the foreign exchange market. Read Also: Naira reverse gain to close at N500 on black market The daily marker turnover rose by 79.54 percent to $169.07 million on Tuesday from $94.17 million recorded on Monday at the Investors and Exporters […]
• SAHCO shareholders approve 16.5 kobo dividend for 2020 June 22, 2021
  Skyway Aviation Handling Company Plc (SAHCO) has assured shareholders of enhanced returns on their investments in the years ahead. SAHCO Chairman, Taiwo Afolabi gave the assurance at the company’s 11th Annual General Meeting (AGM) on Tuesday in Lagos. The shareholders at the meeting unanimously approved 16.5 kobo per share dividend recommended by the board of […]
• On Custom Street, there’s bearish bias in June June 22, 2021
  It is less than seven trading days to end of June 2021, the bearish bias clouding the month’s trading activities is not cheering to Nigeria’s investors on Custom Street. After a disappointing May, the month of June has brought forth to investors about 5 percent decline in their equities value, further fueling the market’s movement […]
• Over N360bn lost as investors sell Airtel, other Nigerian stocks June 22, 2021
  Nigeria’s stock market decreased further by 2.15percent or N364billion as Airtel and other stocks recorded major sell off on Tuesday June 22. The huge loss seen on the Nigerian Bourse has pushed the market’s negative return year-to-date (YtD) higher to -6.02percent percent. The share price of Airtel Africa recorded the highest dip on the Bourse, […]
• On Custom Street, there’s bearish bias in June June 22, 2021
  It is less than seven trading days to the end of June 2021, the bearish bias clouding the month’s trading activities is not cheering to Nigeria’s investors on Custom Street. After a disappointing May, the month of June has brought forth to investors about 5 percent decline in their equities value, further fueling the market’s […]
• Nigeria-focused gold miner, Thor, lists on London exchange June 22, 2021
  Thor Explorations, a Nigeria-focused gold miner, on Tuesday, June 22, listed its shares on the London Stock Exchange (LSE) Alternative Investment Market (AIM) with an expected market capitalisation of around £127 million. The Segilola Gold Project is considered Nigeria’s most advanced gold project with a total probable reserve of 517,800 ounces of gold, grading at […]
• Naira reverse gain to close at N500 on black market June 21, 2021
  Nigeria’s currency on Monday reversed the gains made last weekend as the naira/dollar exchange rate closed at N500 representing 0.40 percent compared to N498 closed on Friday at the parallel market. The naira depreciation was due to the activities of speculators, following the naira adjustment to N410.25k/$ by the Central Bank of Nigeria (CBN). Also […]
• Stock market fails to start new week with gain June 21, 2021
  Nigeria’s equities market failed to start this new trading week with gain as its benchmark performance indicator dipped by 0.27 percent, defying some of the market analysts’ positive outlook. Meyer Plc led the gainers after its share price increased from 57kobo to 62kobo, up by 5kobo or 8.77percent, followed by Champion Breweries which rose from […]
• Nigeria equities market starts new week with marginal gain June 21, 2021
  Nigeria’s equities market started this new trading week with marginal increase of 0.08percent in its benchmark performance indicator, confirming some of the market analysts’ positive outlook. Meyer Plc led the gainers after its share price increased from 57kobo to 62kobo, up by 5kobo or 8.77percent, followed by Champion Breweries which rose from N1.98 to N2.10, […]
• NGX implements SEPLAT’s name change to Seplat Energy Plc June 21, 2021
  The Nigerian Exchange Limited (NGX) has implemented the change of name of Seplat Petroleum Development Company Plc (the Company) to Seplat Energy Plc. The company’s profile on the NGX is now on its new name Seplat Energy Plc. The Company’s trading symbol remains the same. The name change is in line with the approval obtained […]