stock market

NGX TRADING SUMMARY FOR MONDAY, MAY 27, 2024 At the end of the first weekday of trading on the Nigerian Stock Exchange (NGX), a total of 366,979,725 shares in 8,031 deals, corresponding to a market value of NGN 5,939,982,423.32, were traded. Compared with the previous NGX trading day (Friday...

EMBRACE TECHNOLOGY TO SOLVE UNCLAIMED DIVIDEND ISSUES IN NIGERIAN CAPITAL MARKET, SEC URGES REGISTRARS The Securities and Exchange Commission (SEC) has called on companies’ registrars to embrace technology as a means of addressing the issue of unclaimed dividends in the capital market. Acting...

TOTALENERGIES SNUBS NIGERIA AGAIN, PLANS TO INVEST $600m IN CONGO French oil major TotalEnergies is set to invest $600 million to boost exploration and production in the Republic of Congo in 2024, bypassing the Nigerian oil and gas sector once more. TotalEnergies’ CEO Patrick Pouyanne...

TAJBank grows pre-tax profit to N11bn The profit before tax of TAJBank, one of the non-interest banks in Nigeria, grew by 122 per cent to N11.3bn in 2023. In the non-interest banking segment of the financial sector, that was the highest PBT recorded so far for 2023. TAJBank’s gross earnings...

ABBEY MORTGAGE BANK GROWS PROFIT BY 15% Abbey Mortgage Bank’s pre-tax profit rose by 15 per cent year-over-year to N951m in 2023, from N827m in the prior period. This was stated in a release by the bank ahead of its 32nd annual general meeting, scheduled for May 30. The AGM will highlight the...

SMART STRATEGIES FOR MANAGING FOOD AND TRANSPORTATION EXPENSES COMMUNITY POLL RESULT: RISING COSTS OF FOOD AND TRANSPORTATION Dear community members❤️, We conducted a poll yesterday, and your voices were heard! The majority of you highlighted food and transportation as significant expenses...

NGX DELISTS ARBICO PLC ’s SHARES FROM DAILY OFFICIAL LIST The Nigerian Exchange Limited (NGX) has delisted the shares of Arbico Plc from its Daily Official List. This was contained in the Exchange’s Weekly Report as seen by Nairametrics. The delisting follows the NGX’s approval of the...

INVESTMENT STRATEGIES 105: BALANCING YOUR PORTFOLIO WITH VALUE AND GROWTH STOCKS Dear great minds, for some weeks now, we have been having a series on investment strategies with a focus on value and growth stocks. Now, to wrap that up, let's look at how you can balance your investment portfolio...

INVESTMENT STRATEGIES 103: HOW TO IDENTIFY A GOOD GROWTH STOCK Dear Investors! Welcome to our continuous study of growth investing! In this installment, we will look into the secrets of spotting promising growth stocks that can propel your portfolio to new heights. Identifying a good growth...

Hello Everyone. Today, let's cover some frequently asked questions(FAQs) related to Stock Market Investing. I will provide concise answers to each question. Feel free to explore further if you need more details! FAQs ON STOCK MARKET AND STOCK INVESTMENT Q: What is the stock market? A: The...

Question 1: What is the primary market function of the stock exchange? - A) To facilitate government regulation of the stock market. - B) To provide a platform for buying and selling commodities. - C) To enable initial public offerings (IPOs) and new issues of stocks. - D) To set interest rates...

ESSENTIAL QUESTIONS AND THINGS TO WATCH OUT FOR BEFORE BUYING ANY STOCK: Hello Everyone, here is a post on essential questions to ask before purchasing the stock of any company: 1. WHAT IS THE COMPANY ALL ABOUT? - Understand the company's business model, products, and services. Who are the...

In July 2023, the Nigerian Stock Exchange (NSE) saw a month of growth, with the Nigerian Stock Exchange All-Share Index (NGX-ASI) gaining 5.53%. However, at the close of the stock market on July 31, 2023, the NGX-ASI had fallen 1.10% to a value of 64,337.52 points. Despite the drop on the...

The Nigerian stock market lost N187 billion yesterday, ending a four-day straight winning due to losses experienced in MTN Nigeria Communications (MTNN) and 23 other companies which also noticed a decline in stocks. The All Share Index (ASI) declined by 303.86 points, or 0.46%, to close at...

The Nigerian stock market yesterday continued its positive run for the fourth consecutive day, as its total capitalization finished N394 billion stronger. The All-Share Index (ASI) rose 720.53 points, or 1.10%, to close at 65,988.81 points. In addition, market capitalization increased by N394...

These are also stocks that we think can weather the storm. Here is the list of stocks that we will be watching closely. Way fair stock – down 61.04%. YTD Moderna stock - down 39.4%. YTD Starbuck stock. – down 35% YTD Costco Stock - down – 2.23 YTD UNP stock - down –...

When researching potential careers, earning potential is often an important factor to consider. Different industries may offer high-paying opportunities for individuals with different skill sets, qualifications, and career aspirations. Learning more about your options for a high-paying career...

Many Nigerians live in poverty and they are ready to invest their ways out of it but the issue is that they don't know where to put their money. The stock market is a great tool to make that extra money that can get many out of debt or out of poverty. Sadly for Africans, there aren't many...

This thread is about GTbank Salary Advance. What it is, how to get out and should you get it? In a country like Nigeria where poverty is very rampant, it means that people need money and the first place they go to is the bank. And GT bank has a salary advance land and today we will be...

I can't figure out how to invest in the Nigeria stock exchange.