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Nigerian Banks’ Stocks Fall By N141bn
According to data available on the Nigerian Exchange Limited, banking sector performance ended the year out of the loop as five banks saw their value downed by 5.5 per cent This is coming despite the Nigerian capital market closing the year on a bullish trend. The drop is from N2.57 trillion in 2021 to N2.43…
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NGX Retail Transactions Rise By 10.7%
Data from the Nigerian Exchange has shown that retail transactions in Nigerian Exchange increased by 10.69 per cent. This is an increase to N26.62 billion in the month of November according to the data from the country’s local bourse. The data showed that retail transactions added N26.62bn in the month from N24.05bn in October 2022.…
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Equity Investors Gain N4.15trn In Q3’22
In the last nine months, investors in Nigeria’s stock market have gained over N4.15 trillion. This is coming amidst inflationary pressure which stood at 20.52 percent. On monthly performance, the investors lost over N324 billion in the month of September 2022, as a result of sell-off pressure arising from the rising inflation rate, increased Monetary…
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Listed FGN Bonds down by 52.5%
The value of listed Federal Government of Nigeria, FGN, Bonds on the Nigerian Exchange Limited in the first half of the year declined by 52.5 percent. This is a drop to N1.6 trillion from N3.4 trillion in the corresponding period of 2021, HI’21. Findings from the data in the NGX shows that in Q2’22 the…
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How Bank Profitability Performed in Q1 2022 (1)
Findings by Twentyten Daily has shown that three Nigerian banks have recorded a cumulative amount of N104.8 billion in the first quarter of the year. Profit Before Tax (PBT) is the measure of the company’s profit before the payment of corporate income tax. It is listed on the income statement of the company. The primary…
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NGX Annual Profit Hits 22%
The Nigerian Exchange Group’s profit after tax rose by 22 percent at the end of the 2021 financial period. The group, who disclosed this in its audited results which ended December 31, 2021, revealed that its gross earnings rose by 13 percent to N6.8bn from N6.0bn; while its revenue rose by 14.9 percent from N5bn…
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Investors Gain N3.2trn In Two Months
In the equities market, investors on the Nigerian Exchange Limited, have gained N3.247 trillion Year-to-Date. The capital gains in February was N419 billion. This is coming despite the Ukraine-Russia crisis which had forced losses in equities across economies. The market capitalisation which represents the total value of investment on the Exchange closed the month at…
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98 companies Post N6.1trn Turnover In H1 2021
No fewer than 98 leading companies on the Nigerian Exchange Limited have recorded a combined turnover of N6.1 trillion in the first half of 2021. The companies’ H1’21 combined turnover was 17.57 percent more than the N5.2 trillion recorded in the same period in H1’20. According to their financial reports, they turned over to the…
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58 Companies pay N733b Dividend In 2021
No fewer than 58 organizations– including MTN Nigeria Communications Plc, Dangote Cement Plc, GTCO Plc– have paid their investors over N732.91 billion as dividends year-to-date. Dividends are a company’s way of sharing its profits with investors who retain the organisation’s stocks over a holding period up to a qualifying date. According to a statement released…
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In 6 Months Foreign Investors Withdraw N116.72bn
The Nigerian Exchange Limited has said that foreign investors in the equities market withdrew a total of $116.72billion from January to June 2021. According to the NGX Domestic & Foreign Portfolio Investment Report for June 2021, foreign investors invested a total of N105.24billion in the market. This represents a year-on-year drop by 57.44 percent from…