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Nigerian Stock Market

Seplat Energy Declares US3 Cents Interim Dividend Amid 59.3% Dip in PBT

Seplat Energy Plc has announced that it would pay its shareholders and interim dividend (H1’2023) of United State Three Cents (US3 Cents), despite a sharp decline in Profit Before Tax (PBT) in H1’2023. The Company’s financial statement made available on...
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The Nigerian Equities Market Pointed Northwards on Thursday as Investors injected over N94.47 billion into stocks.

Nigerian Equities Market pointed northwards on Thursday as investors injected over N94.47 billion into stocks, (UBA N13.306 billion). The NGX All-Share Index appreciated by 0.27% to close at N63,930.72 from 63,757.23 points. The bullish outing was driven by bargain-hunting in...
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Rising Food and Energy Prices Drive Nigeria’s Inflation to 22.79% in June’23

Headline Inflation Rising prices of food items, occasioned by petrol subsidy removal, among others, have driven the rate of inflation to an all-time high, 22.79% compared with 22.41% in May’23. According to the latest Consumer Price Index (CPI), report by...
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Like the Biblical Dry Bone, Nigeria’s Capital inflow can Rise Again if…  

According to the #Nigeria Bureau of Statistics (NBS), the total #capital importation into Nigeria in Q1 2023 stood at $1,132.65 billion, a 28% decrease compared to $1,573.14 billion recorded in Q1 2022. When compared to the preceding quarter, the nation’s...
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Nigerian Equities Market Closes H1’23 in the Green, NGX All-Share Index Up 298bps.

The Local Bourse closed H1’2023 in the positive territory, as the NGX All-share Index & Market Capitalization appreciated by 2.98% to close at 60,968.27 points and N33.20 trillion from 59,206.63 points and N32.24 trillion respectively. Year-to-Date return stood at 18.96%...
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