Ardova rises after acquisition plans as Market index climbs 1.52%

By Samuel Bankole Ardova Plc, formerly Forte Oil share gained 9.3 percent on Thursday after the fuel retailer announced plans to acquire Enyo Retail and Supply, helping to push up the market index. The fuel retailer share closed at N21.85 as the All Share Index increased by 1.54 percent to close at 40,963.14 points.... Read More

Nigeria equity market rises marginally as low value stocks dominate gains

By Samuel Bankole   The Nigerian equity market rose marginally on Monday characterised by gains in low valued shares. The main market index, All Share Index (ASI) increased by 0.08 percent to close at 40,150.78 points. The market capitalisation of equities listed on the Nigerian Stock Exchange (NSE) increased to N20.99 trillion from N20.98... Read More

Nigeria’s equity market gains as Dangote Sugar, NB push up index

By Samuel Bankole The Nigerian equity market rose marginally by 0.31 percent on Thursday as the rally in the shares of Seplat, Dangote Sugar and FCMB pushed up the index. The All Share Index closed at 40,590.85 points from 40,394.37 points the previous day. The market capitalisation of equities listed on the NSE increased... Read More

Nigerian stock market declines by 1.83% on early profit taking

By Samuel Bankole Nigerian stock market buck the trend on Tuesday when transactions closed on a negative note, the first in the new year gain. The All Share Index (ASI) declined 1.83 percent to close at 40,396.14 points against  41,147.39 points the first trading day of the year. The market capitalisation of equities listed... Read More

Nigeria’s equity market opens for trading higher at 2.17%

By Samuel Bankole   Nigeria’s equity market reopened for business for the new year sustaining its positive trajectory with the index up by 2.17 percent at the close of trading on Monday. The All Share Index rose to 41,147.39 points compared with 40,270.72 points it closed on the last trading day of 2020. The... Read More

Nigeria’s Dangote Cement drives local bourse to new height on share repurchase deal

By Samuel Bankole   Investors buying interest in the continent’s biggest cement firm, Dangote Cement drove the local equity market to a new high on Tuesday on the back of the company’s decision to launch a share buy back exercise toward the end of the year. Share in Dangote Cement, which accounts for a... Read More

Nigeria’s equity market rises 0.76% on gains by Nestle, Flour Mills

By Samuel Bankole The Nigerian equity market closed on a positive note on Wednesdsy sustaining the third consecutive day of rally in the local bourse, driven by gains in Nestle and Flour Mills of Nigeria. The market main index the All Share Index (ASI) rose by 0.76 percent to close at 35,493.15 points compared... Read More

Nigeria’s equity market rebound with 1.73% gain as investors renew interest

By Samuel Bankole Nigeria’s equity market rebound on Monday with all share index gaining 1.73 percent as investors renewed buying interest in the stock of cement and telecoms sector of the local bourse. The main index increase to 34,843.44 points from 34,250.74 it closed on Friday as share in Dangote Cement, which accounts for... Read More

Nigeria stock market index up 1.25% as investors gain N223.9 bln

By Samuel Bankole The rally in the stocks of Cement, banking, and food companies on Wednesday pushed up Nigeria’s equity market with the main market index up at the end of trading. The All Share-Index (ASI) rose 1.25 percent to close at 34,769.00 points compared with 34,340.56 points the market closed the previous day.... Read More

Nigeria’s equity market declines as investors react to recession data

Nigeria’s equity market declined in early trade to a two-week low on Monday after third-quarter data showed the country’s economy has slipped into recession. The market main All-share Index weakened by 1.07 percent to 33,773.72 points, according to Refinitiv Eikon data, led by the banking sector, which fell 5.79 percent, Reuters report showed. The... Read More