Investors

Fidelity Bank Sells N13.97 billion Controlling Shares To 2 Investors

Fidelity Bank has sold a 10.4 per cent controlling stake in the financial institution to two unnamed investors after conducting a private placement. According to a statement released on Friday, 15 April 2023,

Fakoyejo Olalekan

2 years ago

NGX: Market Sees Bearish Turn In 2024 As ASI Plunges By 1.4%

Business·Markets

Nigerian Stock Market Cap Drops N3.34 billion

Nigerian bourse depreciated by N3.34 billion after the trading session on Monday, 13 March 2023, to close at N30.391 trillion from N30.394 trillion. This was after the All-Share Index depreciated by -0.01

Fakoyejo Olalekan

2 years ago

Business·Insights

Investment Analysts Address Effect Of Obi, Atiku’s Court Battle On Nigeria’s Economy

Peter Obi and Atiku Abubakar, the presidential candidates of the Labour Party and Peoples Democratic Party (PDP) have hired at least 39 Senior Advocates of Nigeria (SAN) to counter the declaration of

Fakoyejo Olalekan

2 years ago

Wema Bank In Search Of N25 billion, Target Private Investors

Business

Wema Bank In Search Of N25 billion, Targets Private Investors

Wema Bank has announced plans to borrow N25 billion through bond issuance, a corporate document dated 2 March 2023 has revealed. The financial institution said part of the fund will be disbursed

Fakoyejo Olalekan

2 years ago

NGX: Investors Gain N313bn As ASI Rebound By 0.70%

Business·Markets

Stock Market Crashes Amid Political Tension Ahead Presidential Election

As the Presidential election nears, the Nigerian stock market halted Monday’s gain, losing N19.08 billion on Tuesday, 21 February 2023, amid heightened political tension. The loss dragged the market capitalisation down to N29.51

Fakoyejo Olalekan

2 years ago

Business

Moody’s Says Its Highly Risky To Invest In GTBank, Fidelity Bank, 7 Others

Guaranty Trust Bank (GTBank), Access Bank Plc, First Bank of Nigeria (FBN) and six other commercial banks have been downgraded by the international rating agency, Moody’s. Moody’s, which assesses investment risk in

Fakoyejo Olalekan

2 years ago

Business·Markets

Guinness, Ardova Shareholders Report Loss, As Seplat, NAHCO, Others Gain Big

About N142.16 billion was gained in the Nigerian stock market on Wednesday, 1, February 2023, after the bourse’s equity capitalisation rose from N28.99 trillion to N29.13 trillion. Similarly, the All-Share Index rose

Fakoyejo Olalekan

2 years ago

Business·Markets

Geregu, Veritas, Other Shareholders Pocket N44.03 billion As Bourse Rises By 0.15%

Nigerian bourse rose by 0.15 per cent on Tuesday, 31, January 2023, adding N44.03 billion to the stock market capitalisation. It lifted the equity valuation up from N28.95 trillion to N28.99 trillion.

Fakoyejo Olalekan

2 years ago

Business·Markets

Stock Investors Lose N51.78 billion Due To Low Demand For Guinness, Access Corp, Others

The equity capitalisation fell to N28.68 trillion on Friday, 27 January 2023, from the N28.73 trillion it closed at on Thursday, 26 January 2023. This means the market capitalisation of the Nigerian

Fakoyejo Olalekan

2 years ago

Business·Markets

Nigerian Breweries, NGX Group, Others Cost Stock Market Investors N24.58 billion

Nigeria’s stock market capitalisation slumped to N28.65 trillion from N28.68 trillion on Tuesday, 24 January 2023, after shedding N24.58 billion to low demands in Nigerian Breweries, NGX Group, and others. The loss

Fakoyejo Olalekan

2 years ago

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Fidelity Bank Sells N13.97 billion Controlling Shares To 2 Investors

Nigerian Stock Market Cap Drops N3.34 billion

Investment Analysts Address Effect Of Obi, Atiku’s Court Battle On Nigeria’s Economy

Wema Bank In Search Of N25 billion, Targets Private Investors

Stock Market Crashes Amid Political Tension Ahead Presidential Election

Moody’s Says Its Highly Risky To Invest In GTBank, Fidelity Bank, 7 Others

Guinness, Ardova Shareholders Report Loss, As Seplat, NAHCO, Others Gain Big

Geregu, Veritas, Other Shareholders Pocket N44.03 billion As Bourse Rises By 0.15%

Stock Investors Lose N51.78 billion Due To Low Demand For Guinness, Access Corp, Others

Nigerian Breweries, NGX Group, Others Cost Stock Market Investors N24.58 billion

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