Market returns -2.68% WtD, sheds N767bn
Trading on the floor of the Nigerian Exchange last week closed bearish as the Telecom giants; MTN Nigeria and Airtel Africa as well as other 49 stocks closed the week lower on profit taking. The All Share Index and Market capitalization declined by 2.68% and 2.67% to settle at 51,778.08 […]
Metrics for sound investment decision
Investment in the stock market requires deliberate effort to ensure more wins and fewer losses. At that, investors need to constantly gauge the performance of the companies in their investment portfolios. A typical company is under the obligation to release its result to the market at least four times a[…]
NGX tasks firms to take positive actions towards sustainability reporting
The Chief Executive Officer of Nigerian Exchange Limited (NGX), Mr. Temi Popoola, has called on businesses to adopt sustainable business practices and report sustainability performance to stakeholders to promote inclusivity in transformational initiatives for the economy and society. This call was made while speaking at the Digital Closing Gong Ceremony, organised[…]
FCMB empowers traders with N40bn credit facility
First City Monument Bank (FCMB) recently disclosed that it has provided micro loans valued at N40 billion to over 300,000 beneficiaries comprising 200,000 women traders across the country who have accessed over N28.7 billion of the total loan sum. Through EasyAgents, its agency banking network and other channels, has successfully onboarded[…]