stock market

Behemoth FBN Holdings dazzled industry watchers with an all-time high half-year pre-tax profit of N187.2 billion for the period ended June 30, 2023, translating to a 414 percent increase compared to N56.6 billion posted in the corresponding period of...

July 20, (THEWILL) - Bullish sentiments resurfaced in the equities market Thursday as buying interest in GEREGU (+5.7% from share price of N333) drove the benchmark index 0.3% higher. Thus, the All-Share Index closed at 63,930.72 points against 63,757.23 points...

July 12, (THEWILL) - The Naira dropped slightly Wednesday on the I&E window to N782.49/$ as against N788.42/$ on Tuesday – a depreciation of 0.8%. Total turnover also dropped to $68.10 million against $99.69 million on the...

Driven by unmatched resolute domestic players who took position as fortune-hunting foreign investors fled, Nigeria’s local bourse hit the historic peak of its performance in the first half of the year (H1 2023). At the close of the trading session...

SAM DIALA shows how the audacious stance of brave domestic investors lifted Nigeria’s equities market to a 15-year high after foreign investors fled in 2020. Nigeria’s equities market recorded an outstanding performance in the first half of the year (H1-2023),...

June 20, (THEWILL) - The naira continued in its debilitating state Tuesday as it slumped to N756.61/$ on the I&E window. Although this was a marginal recovery from Monday’s all-time crash of N770.38/$1, it marks the historic convergence of...

The Securities and Exchange Commission (SEC) has said that the Nigerian capital market will aid infrastructural development in the country. This disclosure was made by the Director General of SEC, Lamido Yuguda, on Thursday. Mr Yuguda expressed the belief that the...

Cadbury Nigeria’s full year in 2022 shows a growth trajectory that would impress the shareholders who have waited long for a return to the good old days. After a stint at the low rungs of corporate stairs, the...

At the normative level, there is negative correlation between an increase in the nominal anchor, popularly called the Monetary Policy Rate (MPR) and equity prices in the stock market. When there is an increase in the MPR, speculators hit...