Nigerian Market News

• Naira stable as N826.55bn treasury bills, OMO maturities hit financial market October 24, 2020
  Nigeria’s financial market would be awash with liquidity from the maturing treasury bills and Open Market Operation (OMO) worth N826.55 billion next week. Consequently, the stop rates for the issuances are expected to decline due to demand pressure according to analysts at Cowry Asset Management Limited. The breakdown of the inflows showed that N490.46 billion […]
• Naira remains stable across FX markets October 23, 2020
  Nigeria’s currency remained stable across foreign exchange (FX) segment on Friday as the market remained calm following the 72 hours curfew declared by some state governments to curtail violence by hoodlums who hijacked the #EndSARS protest Most black market operators have been absent from the market since on Wednesday. However, data from abokifx showed that […]
• Fixed Income, Currency markets turnover decreased to N14.07trn in September October 23, 2020
  Turnover in the Fixed Income and Currency (FIC) markets for the month ended September 30, 2020 was N14.07trillion, FMDQ Securities Exchange monthly report shows. The record turnover indicates a month-on-month (MoM) and year-on-year (YoY) decrease of 1.33percent (N0.19trillion) and 26.76percent (N5.14trillion) from N14.26trillion (August 2020) and N19.21trillion (September 2019) respectively. The year to date (YTD) […]
• NSE ASI rose by 0.13% in week marred by protests October 23, 2020
  The benchmark performance indicator of Nigeria’s stock market increased by 0.13percent in the trading week ended Friday, October 23 but marred by agitations. Nigeria, the largest economy in Africa battles protest against police brutality (#EndSARS), a risk which most stock investors weighed while acquiring the naira asset in ongoing remote trading sessions. The Nigerian Stock […]
• NSE ASI rose by 0.13% in week marred by protests October 23, 2020
  The benchmark performance indicator of Nigeria’s stock market increased by 0.13percent in the trading week ended Friday October 23 but marred by agitations. Nigeria, the largest economy in Africa battles protest against police brutality (#EndSARS), a risk which most stock investors weighed while acquiring the naira asset in ongoing remote trading sessions. The Nigerian Stock […]
• Conoil shareholders approve N1.39bn dividend payment October 23, 2020
  Shareholders of Conoil Plc approved the payment of N1.39 billion dividend proposed by the board of the major oil marketing company, coming on the back of an impressive performance recorded in the 2019 financial year. This meant that shareholders will get 200 kobo on every 50 kobo ordinary share. At the virtual 50th Annual General […]
• Stock market rises by 0.40% as investors see buy opportunity following recent dip October 22, 2020
  Nigeria’s listed stocks gained N60billion on Thursday as investors saw opportunity to re-enter the market and buy value counters which were trading at record lows following agitations against police brutality. Top on the list of stocks that attracted investors is MTNN Plc which recorded price increase from N138 to N140, after adding N2 or 1.45percent. […]
• Stock market rises by 0.40% as investors see buy opportunity following recent dip October 22, 2020
  Nigeria’s listed stocks gained N60billion on Thursday as investors saw an opportunity to re-enter the market and buy value counters which were trading at record lows following agitations against police brutality. Top on the list of stocks that attracted investors is MTNN Plc which recorded price increase from N138 to N140, after adding N2 or […]
• Chemical and Allied Products berths with Q3’20 scorecards October 22, 2020
  Chemical and Allied Products Plc (CAP), one of Nigeria’s leading paints and decorative companies, announced its unaudited results for the nine months ended September 30, 2020. Amid pretax profit decline to N1.4billion and revenue growth to N6billion, the company said it will continue to evaluate various opportunities and plan to invest for growth. Financial review […]
• Allianz brand value now at $12.1bn, Interbrand study reveals October 22, 2020
  Allianz, global company with a subsidiary in Nigeria has emerged the number one insurer in the Interbrand ranking of the 100 most valuable brands in the world. The Allianz brand came 43rd in this year’s “Best Global Brands Ranking”, moving up 6 places and increasing the brand value by 12 percent to $12.1 billion for […]