The Nigerian equities market reopened trading for the week on a positive note, yesterday, as market capitalisation gained N84 billion, occasioned by renewed bargain-hunting in Aradel Holdings Plc and 23 other stocks.
At the close of transactions, the all-share index (ASI) gained 137.75 points, representing a gain of 0.14 per cent to close at 97,373.94 points............Read-More

Three fast-moving consumer goods (FMCGs) firms listed on the Nigerian Exchange Limited (NGX) spent close to N1.3 trillion as cost of sales in nine months.
The amount represents a 110 per cent increase over N618 billion spent during the same period in 2023..........Read-More

Following the significant increase in price of Premium Motor Spirit and other products, a total of six oil & Gas companies listed on the Nigerian Exchange Limited (NGX) generated N2.97 trillion revenue in in nine months of 2024.
 This represents an increase of 115 per cent increase from N1.39 trillion generated in corresponding period of 2023. ...........Read-More

Multinational consumer goods company, PZ Cussons Nigeria, has announced the appointment of Mr. Oludare Elusakin as its new Chief Financial Officer with effect from Monday.
A corporate notice filed with the Nigerian Exchange Limited on Monday indicated that Elusakin's appointment followed the expiration of the contract of the interim CFO, Mr Brian Egan. .........Read-More

African Alliance Insurance Plc has challenged the sacking of its board and management and the subsequent appointment of an interim board by the National Insurance Commission.
In a suit numbered FHC/L/CS/2008/2024, the insurance company asked the Federal High Court in Lagos to nullify the dissolution of its board by NAICOM, while accusing the regulator of bad faith in its dealing with the company. ..........Read-More

Jaiz Bank has announced the appointment of Mallam Mustapha Ibrahim Ahmad as a non-executive director, in line with the NGX's regulatory framework.
The disclosure, signed by the bank's secretary, Mohammed Shehu, and approved by the Central Bank of Nigeria (CBN), was released to the Nigerian Exchange Group (NGX) and the public on November 7, 2024. ..........Read-More