The stock market yesterday rebounded from prior day's loss as investors' demand for  MTN Nigeria Communication Plc and 36 others pushed the overall market capitalization up by N60 billion.
As MTN Nigeria gained 3.5 per cent, the Nigerian Exchange Limited All-Share Index (NGX ASI) appreciated by 99.45 basis points or 0.10 per cent to close at 98,206.97 basis points..........Read-More

The Chairman of the Nigerian Exchange Group Plc, Umaru Kwairanga, has bemoaned the low number of investors in the Nigerian capital market, describing it as unacceptable given the population size of the country.
Kwairanga said this at the 2024 annual conference of the Capital Market Correspondents Association of Nigeria held in Lagos recently.........Read-More

Investors are flocking to short-term Nigerian government debt, attracted by high yields and renewed confidence in the naira following Nigeria's successful issuance of a $2.2 billion eurobond.
On Monday, the Central Bank of Nigeria (CBN) auctioned N1.56 trillion ($990 million) in 365-day and 351-day bills, offering yields close to 24%..........Read-More

Foreign portfolio investment (FPI) in Nigerian equities has climbed to its highest level since 2020, signaling renewed global interest in the nation's financial markets.
According to the National Bureau of Statistics (NBS), FPI inflows into Nigerian equities totaled $284 million in the first nine months of 2024, reflecting a 19% increase from $239.2 million during the same period in 2023.........Read-More

Seplat Energy Plc has announced the release of its prospectus for the acquisition of Mobil Producing Nigeria Unlimited (MPNU).
This development follows the federal government's approval in late October 2024 for the sale of ExxonMobil's onshore assets to Seplat Energy, over two years after the deal was agreed.........Read-More

Caverton Marine Limited has signed a shipbuilding agreement with Dockyard Limited.
The signing ceremony, which was held at the Naval Dockyard, Victoria Island, Lagos on Tuesday, marked a significant advancement in the development of Nigeria's marine infrastructure. .........Read-More

Shares of Betaglas, a leading glassware company, have climbed over 15% month-to-date, bringing its total growth for November and December to 27%, with the stock currently priced at N57.
The company's performance came after the release of its third-quarter financial report........Read-More

Julius Berger has officially announced the election of Engr. Goni Musa Sheikh as the new chairman of its board, marking the beginning of a three-year term, effective from April 1, 2025.
The election took place in a board meeting and was announced on the Nigerian Exchange Limited (NGX)  by the Company's Secretary, Cecilia Ekanem Madueke, ESQ, on December 6, 2024.,........Read-More