The Nigerian Exchange Limited (NGX) closed last week with a bearish performance, as the equities market lost N197 billion in market capitalisation. This followed weak investor sentiment and profit-taking activities …
NGX
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Banking, Finance & InvestmentBusinessBusiness InsightsFinance & ServicesINVESTMENTMarkets
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EconomyEnergyINVESTMENTMarketsNigeriaPolicies
NGX Ends Bullish Streak as Investors Lose N202 Billion After CBN Holds Interest Rate
The Nigerian Exchange Limited (NGX) closed last week on a bearish note, breaking its four-week bullish streak, as investors’ wealth declined by N202 billion. This downturn followed the Central Bank …
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BusinessEconomyFinance & ServicesInsuranceINVESTMENTNewsNigeria
AM Best Assigns “B+” Credit Rating to Linkage Assurance Plc, Outlook Stable
Linkage Assurance Plc, a key player in Nigeria’s non-life insurance sector, has received a Long-Term Issuer Credit Rating (ICR) of “B+” (Good) from AM Best, a renowned global credit rating …
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Banking, Finance & InvestmentBusinessEconomyINVESTMENTMarketsNigeriaTrade and Commerce
Nigerian Stock Market Sheds N274bn Amid Sell-offs in Large, Mid-Cap Equities
The Nigerian Exchange Limited (NGX) closed Thursday’s trading session in the red, as widespread sell-offs in mid- and large-cap stocks led to a loss of N274 billion in market value. …
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AfricaBanking, Finance & InvestmentFinance & ServicesINVESTMENTMarketsNigeria
Nigerian Exchange Slips by N274bn as Sell-offs Hit Market
The Nigerian stock market ended Thursday on a negative note as widespread sell pressure among mid- and large-cap stocks caused investors to lose about N274 billion in market value. This …
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Banking, Finance & InvestmentINVESTMENTLeadershipMarketsNigeria
Fidelity Bank CEO Buys Over N760m Shares, Reaffirms Confidence Amid Legal Scrutiny
The Managing Director and Chief Executive Officer of Fidelity Bank Plc, Dr Nneka Onyeali-Ikpe, has continued to demonstrate her confidence in the financial institution by acquiring more than N760 million …
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Banking, Finance & InvestmentEconomyINVESTMENTINVESTMENTMarketsNestleNigeria
Nestle, 30 Others Lift NGX as Market Gains N21bn Amid CBN Rate Hold
Trading at the Nigerian Exchange Limited (NGX) closed on a positive note on Tuesday, as gains in 31 stocks, led by Nestle Nigeria Plc, added ₦21 billion to the market …
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BusinessEconomyEnvironmentINVESTMENTMobile Telecommunications Network (MTN)NigeriaTelecommunications
MTN Nigeria Invests N3.5bn in 2024 for Social and Environmental Impact, Total CSI Spend Hits N31.9bn
MTN Nigeria Communications Plc has announced that it invested N3.5 billion in Corporate Social Investment (CSI) initiatives in 2024, raising its total social impact spending to N31.9 billion since inception. …
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AFRICA NEWSBanking, Finance & InvestmentBusinessBusiness InsightsEconomyFinance & ServicesINVESTMENTMarkets
Nigerian Stock Market Gains N228bn as International Breweries, Cadbury Lead Rally
The Nigerian stock market opened the week strong on Monday, April 29, 2025, with investors witnessing a continued bullish trend. The market capitalisation rose by N228.48 billion as investors took …
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The Nigerian Exchange Limited (NGX) added N966bn in market value last week, helped by improved investor confidence and strong performances by major banking and consumer goods stocks. The market only …