Nigerian Equities Depreciate by 309bps as Zenith, UBA Lead Losers.
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Date26 Apr 2023
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/CategoriesAside, Audio, Blog, Fit Row, Life Style, News Article, Post Slider, Quote, Uncategorized, Video
The value of listed equities on the floor of the Nigerian Exchange Group (NGX) depreciated by N37bn and 309 basis points while the All-share Index and Market Capitalization declined by 1.08% to close the week at 51,355.74 and N27.96 trillion from 52,944.13 and N28.92 trillion respectively. Year-to-Date closed at 0.20% last in the last trading... Read More →
Earnings Update: Total Energies Nig. Plc FY’22
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Date20 Apr 2023
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Cost of Sales, Finance Cost, and Taxation impaired the PAT When Total Energies Marketing Nigeria Plc closed its book for the 2022 financial year, its total revenue rose by 41.36% to N482.47bn compared to N341.31bn recorded in 2021. However, this positive performance was greatly affected by an increase in Finance Costs, Cost of Sales, and... Read More →
Losses in DANGSUGAR, SEPLAT, and Others Drive Nigerian Equities to Negative Territory as Market Capitalisation Records 1.20bps Decline.
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Date06 Apr 2023
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/CategoriesAside, Audio, Blog, Fit Row, Life Style, News Article, Post Slider, Quote, Uncategorized, Video
Trading on the floor of the Nigerian Equities Market depreciated on Friday, March 31, 2023, as twin indicators, The All-share Index & Market Capitalization declined by 1.20%, to close at 54,232.34 points and N29.544 trillion respectively, which brought about 5.82% Year-to-Date decrease in returns. Profit-taking in large-cap stocks such as DANGSUGAR (-7.10%), SEPLAT (-4.17%), and... Read More →
Profit-Taking in BUACEMENT, STANBIC, others Drag NGX Southwards.
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Date27 Mar 2023
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/CategoriesAside, Audio, Blog, Fit Row, Life Style, News Article, Post Slider, Quote, Uncategorized, Video
Last week, the local Bourse closed lower, as the NGX ASI sheds 0.04% WoW, closing negative in four of the five trading sessions. Profit-taking in large-cap stocks such as BUACEMENT (-1.60%), STANBIC (-5.80%), and NB (-4.50%) dragged the local bourse southwards. Hence, at 54,892.53 points, the equities market’s Year-to-Date return decreased to 7.11% as market... Read More →
Stress-Free Steps to Get Proof of Funds or Fund your Account for Study Permit and Visas Approval in Nigeria.
If you are looking to relocate or travel abroad for studies or vacation from Nigeria, one of the major requirements is that you must have enough money as Proof of funds or proof of financial support to fund your stay in the country you are traveling to. The visa officer or consular needs to be... Read More →
Nigeria’s Inflation Prints at 21.91%, Driven by Naira Scarcity, Price of food items.
The Consumer Price Index (CPI)/Headline Inflation/All Item Index The Consumer Price Index (CPI), which measures inflation, rose by 21.91% Year-on-Year (YoY) in Feb’23, representing the second consecutive acceleration after moderating in December 2022. This is 0.09% higher than the rate recorded in Jan ’23 (21.82%) and 6.21% in Jan ’23 (15.70%). Also, on a month-on-month (MoM) basis, the... Read More →
Nigerian Bourse Closes the Week Lower as the NGX ASI sheds 1.58% WoW.
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Date21 Mar 2023
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/CategoriesAside, Audio, Blog, Fit Row, Life Style, News Article, Post Slider, Quote, Uncategorized, Video
Local Bourse closed lower last week, as the NGX ASI sheds 1.58% WoW, closing negative in four of the five trading sessions. Profit-taking in large-cap stocks such as MTNN (-5.00%), GEREGU (-6.50%), and GTCO (-7.20%) dragged the local bourse southwards. Hence, at 54,915.39 points, the equities market’s Year-to-Date return decreased to 7.15% as market capitalization... Read More →
Local Bourse Extends Bullish Run as NGX ASI Gained 0.48% WoW.
Local Bourse extended its bullish run last week, as the NGX ASI gained 0.48% WoW, closing positive in three of the five trading sessions. Buy-interest in large-cap stocks such as DANGCEM (+3.60%), and MTNN (+1.40%) drove the local bourse northwards. Hence, at 55,794.51 points, the equities market’s Year-to-Date return increased to 8.90% as market capitalization... Read More →
Nigerian Bourse Sustains Bullish Momentum, as NGX ASI gained 1.06% WoW.
Last week, Nigerian Stock Exchange sustained its bullish momentum, as the NGX ASI gained 1.06% WoW, closing positive in three of the five trading sessions. Buy-interest in large-cap stocks such as GEREGU (+27.45%), and BUAFOODS (+10.50%) drove the local bourse northwards. Hence, at 55,529.21 points, the equities market’s Year-to-Date return increased to 8.35% as market... Read More →
Nigerian Headline Inflation Test New Highs to Print at 21.82%
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Date24 Feb 2023
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/CategoriesAside, Audio, Blog, Fit Row, Life Style, News Article, Post Slider, Quote, Uncategorized, Video
The Consumer Price Index (CPI)/Headline Inflation/All Item Index The Consumer Price Index (CPI), which measures inflation, rose by 21.82% Year-on-Year (YoY) in Jan’23, representing the first acceleration after moderating in December 2022. This is 0.47% higher than the rate recorded in Dec ’22 (21.34%) and 6.22% in Jan ’22 (15.60%). Also, on a month-on-month (MoM) basis, the Headline... Read More →