Investors lost N622bn at the close of trading on Monday due to sell-offs of some telecoms and banking stocks.
The market which opened with the All-Share Index at 54,892.53 lost 2.08 per cent to close 53, at 750.77. The market capitalisation also depreciated by 2.08 per cent to N29.281tn.
In terms of volume, a total of 100.882 million shares valued at N 4.342bn were traded on the Nigerian Exchange…
The market capitalisation of the Nigerian Exchange Limited dropped below N30tn last week, weeks after it crossed the mark, leading to a loss of N476bn for investors.
This bearish trend started on Monday with investors losing N3bn to close at N 30.391 tn. On Tuesday, the…
Less than a month after hitting N30 trillion in market capitalization, the Nigerian Exchange Limited has suffered N313bn loss to dip to N29.915 trillion.
The market cap dropped by 1.04 in percentage terms, the same percentage as the All Share Index, which dropped 574.59…
The owners of TGI Group restaurants have joined forces to create Terra jollof Cube.
March 10, 2023
Tropical General Investments, makers of Terra Jollof Cubes, has said it will continue to spare no efforts in producing quality seasoning cubes for the benefit of the consuming public.
As a result, the firm said it would partner all stakeholders including caterers to create more awareness about the product.
According to the statement, Terra Jollof Cubes is packed with a unique mix of traditional…
Taxes paid by manufacturers to the Federal Government rose by 60 per cent to N839.6 in 2022 from N524bn recorded in the prior year, according to findings by The PUNCH.
Data sourced from separate reports compiled by the National Bureau of Statistics showed that manufacturing…
Nigeria’s misery index has soared by 11.9 percentage points to 73.05,
The misery index is a measure of economic distress felt by everyday people, due to the risk of (or actual) joblessness combined with an increasing cost of living. The misery index is calculated by adding…
The Federal Operations Unit Zone B of the Nigeria Customs Service has disclosed that it recorded 130 seizures worth N305m between January to February 2023.
A statement by the Public Relations Officer of the Zone, Suleiman Isah, said nine units of used vehicles, two units of means of conveyance, 724 bags of foreign rice 50kg each, six cartons of foreign machetes, 163 jerrycans vegetable oil, 25…
The Lagos State government has listed a N137, 328,000,000 series IV bond on the Nigerian Stock Exchange.
This was revealed in a notice by the exchange in its weekly report of activities on the market.
NGX said that the bond is a 10-Year 13.00 per cent fixed rate unsecured…
The indirect tax burden on Nigerians rose by 18.88 per cent to N3.03tn in 2022 amid an economic downturn and rising inflation.
According to the National Bureau of Statistics, Nigerians paid N3.03tn as indirect tax in 2022, an 18.88 per cent increase from the N2.55tn that was…
The Managing Director, Guinea Insurance Plc, Mr Ademola Abidogun, has said the company paid about N686m claims in three years.
He said the company was committed to the satisfaction of customers and the insuring public with prompt settlement of claims as well as improved service delivery.
Abidogun spoke during the quarterly CEO forum for insurance and pension journalists which was sponsored by…