Month: November 2022

Renewed Interest in BUA Cement Boosts Valuation Interested investors can now buy the entire 33.864 billion outstanding shares of BUA Cement Plc. for less than N3 trillion from N1.8 trillion…

Dangote Cement Rises after Shares Repurchase Plan Top cement producer Dangote Plc’s share was more popular in the equities segment of the Nigerian Exchange, NGX, after the company announced a…

Airtel Africa Share Price Spikes Ahead of Dividend Pay Ahead of interim dividend payments, equities investors’ interest in Airtel Africa has forced a new rerating of the telecommunication company’s share…

Nigerian Bourse Booms as Market Movers Rally Market capitalisation rises by N1.7 trillion as market movers companies’ stock listed in the Nigerian Exchange (NGX) recorded large price appreciation amidst an…

Naira Slumps to New Low as Demand for FX Rises Exchanged at N446.33 on Friday, the Nigerian local currency has crossed yet another red line as the naira struggles against…

NASD Sees Moderate Gain After Losing Streaks Investors trading shares of unlisted companies’ on NASD over-the-counter (OTC) securities exchange see a moderate capital gain in the just concluded week as…

Zenith Tech Fair Produces 11 Finalists with N53 mln A total sum of N53 million in prize money was won at the end of a keenly contested hackathon session at…

GCR Downgrades FSDH Merchant Bank as Capital Moderates While the outlook is accorded as stable, GCR Ratings has downgraded FSDH Merchant Bank Limited’s national scale long-term issuer rating to BBB+…

Bond Falls after CBN Sold 364-Day Bills at 14.84% Trading activities in the secondary market space ended on a mixed note after the Central Bank of Nigeria (CBN) offered investors…

South Africa Hikes Benchmark Repo Rate to 7% Amidst rising consumer price index, the South African Reserve Bank raised its benchmark repo rate by another 75 basis points to 7%…