The Nigerian Stock Exchange sustained its bullish momentum on Tuesday, with investors pocketing a N45bn gain.
The index rose by 0.08 per cent to close at 96,873.74 and the market capitalisation rose to N55.65tn.
Despite the positive investors' sentiment, the market breadth closed negative as 29 equities gained, while 30 equities saw declines in their share prices .........Read-More

Despite notable fluctuations across the Nigerian Exchange Limited (NGX) sector indicators in August 2024, the NGX Oil & Gas Index bulked the trend with an impressive 22.39 per cent gain.
This index, which includes eight prominent Oil and Gas Marketing companies;........Read-More

Stanbic IBTC Holdings Plc, yesterday announced its audited half year ended June 2024 result and accounts to investing public, reporting N116.4 billion profit after tax, about 71.3per cent increase from N67.92 billion reported in half year ended June 2023........Read-More

The Nigerian Communications Commission has granted Airtel Nigeria Telesonic Limited, a subsidiary of Airtel Africa, three telecom licences.
According to information obtained from the NCC's website on Tuesday, the licences include National Long Distance, Internet Service Provider, and Sales & Installation Major licences........Read-More

Nigerian Breweries (NB) Plc has opened acceptance list for its N599.1 billion rights issue, in the biggest recapitalisation programme by existing shareholders of a company.
NB is offering 22.61 billion ordinary shares of 50 kobo each to existing shareholders at N26.50 per shar..........Read-More

Oando Plc has vowed to take legal action against recent false claims concerning the NAOC/Oando transaction timelines.
The company, in a statement filed with the Nigeria Exchange on Monday, had issued a formal response to the allegations, which were widely circulated on various media platforms.........Read-More

Oando Plc has announced the resignation of Mr Tanimu Yakubu as a non-executive director of Oando Plc to undertake a national assignment with the Federal Government.
In a statement by the Chief Compliance Officer & Company Secretary, Ayotola Jagun, noted that Yakubu was appointed to the board on June 30, 2015.........Read-More

United Capital Trustees, a subsidiary of United Capital Group, has appointed Mr Michael Thomas as its Managing Director.
The company yesterday stated that the appointment followed a rigorous approval process by the Securities and Exchange Commission (SEC).........Read-More

Sovereign Trust Insurance Plc has disclosed that it paid N1,906,699,233.35 (one billion, nine hundred and six million, six hundred and ninety-nine thousand, two hundred and thirty-three naira, thirty-five kobo) in claims during the first half of 2024. The amount was disbursed across 1,455 claims, covering a broad spectrum of policies through its branches nationwide.........Read-More