Tag: Investors

NGX to draw in more investors - CEO
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NGX to draw in more investors – CEO

The Group Managing Director and Chief Executive Officer-designate of the Nigerian Exchange Group Plc, Temi Popoola, has presented a strategy for bridging the gap between Nigeria’s millions of bank accounts and the existing number of market investors. Popoola, who took over the exchange’s leadership on the final trading day in 2023, made the remarks on […]

Dangote refinery investors gain N1.2tn in two days
Investment

Dangote refinery investors gain N1.2tn in two days

Equity investors in the stocks of companies under the Dangote Group have gained over N1.2 trillion in the first two trading days of this week. This indicated a noticeable surge in interest in the equities of the companies listed on the Nigerian Exchange Limited after the Dangote Petrochemical Refinery started producing. Economic Confidential stated that Dangote […]

Nestle, others cost equity market 51bn loss
Business

Investors gain N1.8tn as equity market sets new record

The Nigerian Exchange Limited set new records at the close of trade on Tuesday, as the benchmark index, the All-Share Index, increased by 3.93 per cent to a new high of 87,971.09 points. The PUNCH reported that similarly, the market capitalization increased by the same proportion to close at N48.139tn, marking another milestone and resulting […]

Business

Exchange rate to stabilize in future, Minister tells investors

The Minister of Budget and Economic Planning, Atiku Bagudu, has stated that he expects the exchange rate to improve as a result of President Bola Tinubu’s and the Central Bank of Nigeria’s ongoing currency reforms. The PUNCH reported that his comments came nearly six months after Tinubu lifted the exchange rate cap, among other currency reforms. According to […]

Penny stocks predict positive returns for investors
Business

Penny stocks predict positive returns for investors

Penny stocks such as insurance companies, Sterling Financial Holdings Company Plc, and JapaulGold, among others, are expected to perform well on the Nigerian Exchange Limited this year. The PUNCH revealed that this is according to the FY 2023 Review and 2024 Outlook report compiled by financial services holding company, Afrinvest. The stocks included in this projection […]

Equity market maintains positive trend with N673bn gain
Business

Equity investors make N666bn on first trading day

The Nigerian Exchange Limited’s market capitalization increased by 1.63 percent on Tuesday, the first day of trading in the New Year, adding nearly N666 billion to investors’ wealth even as the market reached new highs. The PUNCH reported that the market capitalization reached a new high of N41.583tn at the close of trade, while the All-Share […]

Investors pump N198tn into fixed-income market
Business

Investors pump N198tn into fixed-income market

Investment in the Fixed Income and Currency market resisted the country’s prevalent economic climate in 2023, with investors splashing N196.79tn on short to medium-term securities on the FMDQ platform in 10 months. The PUNCH examined data received from the FMDQ platform and discovered that investment increased by 8.9 percent, or N16.07 trillion, compared to N180.72 […]

Nigerian Investors to raise $94bn climate capital – Report
Business

Nigerian Investors to raise $94bn climate capital – Report

            Retail investors in Nigeria are projected to mobilize $94 billion by 2030 for climate change financing, as revealed by Standard Chartered’s Sustainable Banking Report 2023.   The report highlighted that 95% of Nigerian investors express interest in climate investing, with 91% aiming to increase capital flows toward climate-related initiatives, […]

Investors make N182bn in one week
Business

Investors make N182bn in one week

Investors have had a week of favourable trading days as there has been a gain of N182 billion in the market capitalization of the Nigerian Exchange Limited. The Punch reported market capitalization at Friday’s close was N39.107 trillion, and the All-Share Index gained 264 basis points to complete the week at 71,112.99. The NGX ASeM index […]

Investors pledge $1bn to gas-to-power projects
Business

Investors pledge $1bn to gas-to-power projects

An oil and gas report reviewed on Sunday showed that only $1 billion has been pledged by investors to the $80 billion in gas-to-power projects slated for establishment in Nigeria. According to The Punch, stakeholders in the industry said in the report that financing for natural gas projects had decreased as a result of the push […]

Equity market retail participation hits 35% in September - NGX
Business

How stock investors gained N1.08tn in one week

Investors in the Nigerian equity market saw a N1.08 trillion increase in their wealth last week. The Punch reported that the increase came about as a result of positive trading in a few firms as investors prepared for additional half-year results releases. The NGX All-Share increased by 3% last week, or 1,968.28 basis points, to close […]

How equity investors his N8bn profit one week
Business

How equity investors his N8bn profit one week

The Nigerian Exchange Limited’s recent trend of optimistic trading slowed this past week, resulting in a gain of N8 billion for investors. According to The Punch, trading operations on the NGX got off to a good start, rising to N35.539tn on Monday, with market capitalization finishing at N35.994tn the previous Friday. It increased to N35.932tn […]