stocks

EXXONMOBIL SHRINKS OFFICES IN NIGERIA AS IT SCALES BACK OPERATIONS ExxonMobil is reducing its presence in Nigeria by shrinking office space and scaling back operations. The company has vacated its large office in Lagos, moving to a smaller location in the Ikoyi area, which accommodates half...

NGX TRADING SUMMARY FOR THURSDAY, May 30, 2024 At the end of Thursday's trading session on the Nigerian Stock Exchange (NGX), 309,714,120 shares were traded in 7,035 deals, amounting to NGN 5,436,181,966.37. This represents a 40% decline in volume, a 14% improvement in turnover, and a 10%...

JULIUS BERGER NIGERIA PLC OVERVIEW: - Julius Berger Nigeria Plc is a construction company engaged in planning and constructing various civil engineering works in Nigeria and Europe. - Founded in 1965, it operates through segments such as Civil Works, Building Works, Services, and...

NGX TRADING SUMMARY FOR WEDNESDAY, MAY 29, 2024 At the end of today's Nigerian Stock Exchange (NGX) trading session, 518,948,393 shares were traded in 7,781 deals, amounting to NGN 4,767,087,010.32. Compared to the previous day, this represents a 7% decline in volume, a 28% decline in turnover...

NGX TRADING SUMMARY FOR TUESDAY, May 28, 2024 At the end of today's trading session on the Nigerian Stock Exchange (NGX), a total of 559,608,966 shares in 7,990 deals, corresponding to a market value of NGN 6,584,605,080.79, were traded. Compared with the previous NGX trading day (Monday, May...

SHAREHOLDERS BACK FIDELITY BANK ’s RECAPITALISATION PLAN Shareholders have expressed strong support for Fidelity Bank Plc's ongoing recapitalisation plan. During the bank's recent annual general meeting, shareholders committed to participating in any share offering by Fidelity Bank. Fidelity...

LESSONS FROM PHILIP FISHER'S ARTICLE "FIFTEEN POINTS TO LOOK FOR IN A COMMON STOCK" This guide provides a comprehensive checklist for evaluating potential investment opportunities in stocks. Here's a detailed explanation of each point: 1. Products with Potential: Does the company have products...

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...

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...

NIGERIAN STOCK MARKET WEEKLY RECAP MAY 20th-24th, 2024 EQUITY TURNOVER: A total turnover of 1.986 billion shares worth N40.715 billion was traded during this week by investors on the floor of the Exchange. This contrasts with the previous week’s total of 1.652 billion shares valued at N42.677...

NGX TRADING SUMMARY FOR FRIDAY, MAY 24, 2024 At the close of trading on the Nigerian Stock Exchange (NGX) on Friday, May 24, 2024, a total of 769,094,477 shares were traded in 7,585 deals, with a market value of NGN 15,742,733,756.41. Compared to the previous trading day, this represents a 143%...

FBN HOLDINGS RELEASES 2023 AUDITED ACCOUNTS, PROFITS SURGE BY 128% FBN Holdings Plc, the parent company of FirstBank, reported a profit after tax of N310.4 billion for the year ended December 2023, up from N136.3 billion in 2022, marking its highest profit ever. This increase follows a delay in...

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 104: POTENTIAL RED FLAGS TO WATCH OUT FOR WHEN CHOOSING GROWTH STOCKS Hi Investors, as a continuation of our series on investment strategies, today we move on to the RED FLAGS that investors should watch out for when considering growth investing. These warning signs can...

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...

INVESTMENT STRATEGIES 101 Good day, savvy investors! As we ride through the vast ocean of investment opportunities, it's important to qhave a compass — that's where investment strategies come in. There are several approaches to consider, each with its unique advantages: - VALUE INVESTING: This...

Hello there. Whether you are a seasoned investor or just starting out, Nigerian stocks offer exciting opportunities. When you invest in stocks, you become a shareholder, owning a piece of publicly traded companies. Investing in Nigerian stocks can be a rewarding venture. Here are some steps to...

Investing and saving are crucial components of financial stability and growth. Whether you are a beginner or looking to refine your strategy, this guide will walk you through the essential steps to effectively manage your finances. Step 1: Set Clear Financial Goals Before you start investing...

On Tuesday, (July 05, 2023) stock investors experienced a big loss of N671 billion in the Nigerian stock market, after rejoicing over a great start on the first day of the second half of the year which showed N534bn gain on equities. At the close of the day, the All-Share Index finished at...