Category: Markets
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Naira appreciates against USD at the P2P FX market
The Naira appreciates against USD as exchange rate at the I&E window closed at N416.67/$1 on Thursday. The Naira appreciates against USD as the exchange rate closed at N416.67/$1 at the Investors and Exporters (I&E) window on Thursday 7th April 2022, where forex is traded officially. However, at the peer-to-peer market, the exchange rate appreciated…
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Forex turnover down to a 5-day low, exchange rate depreciates across markets
The exchange rate at the I&E window closed at N417 to a dollar on Tuesday, 29th March 2022, representing a 0.12% depreciation compared to N416.5/$1 recorded in the previous trading session. FX turnover also fell by 51.5% to $97.9 million on Tuesday. Also, Naira recorded a 0.172% depreciation against the US dollar on Wednesday, trading…
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Union Homes Real Estate Plc declares N1.91k dividend per unit to unit holders
Union Homes Real Estate Investment Trust Plc has announced a final distribution payment of N1.91 kobo per every unit held for the financial year ended 31 December 2021. This final distribution is subject to Unit holders’ approval and appropriate withholding tax. Qualification and Distribution According to the disclosure filed with the Exchange (NGX), unit…
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Guinness Plc share price increases to N71.20 with a gain of over N2 billion in market value
At the end of yesterday’s (March 29th, 2022) trading session, Guinness Nigeria Plc share price appreciated by 1.71% to close at N71.20 per share, taking the market capitalization to N155.96 billion. The growth in share prices which was recorded by the FMCGs company can be attributed to investors’ positive sentiment which triggered buy-interests supporting the…
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Brent trades at $120 a barrel ahead of emergency NATO meeting
The Brent crude futures is up 4.30%, currently trading $120.44 a barrel. The two major benchmarks of the black liquid are bullish towards the start of the New York trading session today as United States (US) president, Joe Biden, is set to meet with European leaders on Thursday to have an emergency NATO meeting. Also…
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Access Bank Plc declares final dividend payment of N0.70 to its shareholders
A sum of N24.88b will be disbursed electronically to ordinary shareholders. Access Bank Plc has announced a final dividend payment of N0.70 kobo per 50 kobo ordinary share for the financial year ended December 2021. This takes the total dividend to N1.00 kobo, made up of the interim dividend of N0.30 per share which was…
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SEPLAT Energy Plc loses over N17 billion in value as share price drops to N930
Sell-pressures in the shares of the company resulted in a loss of N17.65 billion in market capitalization. At the end of today’s trading session, Seplat Energy Plc’s share price depreciated by 3.13% to close at N930 per share, taking the market capitalization to N547.25 billion. The decline in share prices which was recorded by…
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Local bourse depletes further by N38 billion to close the trading week
PZ led thirteen gainers, and twenty losers topped by MRS. The NGX closed on a negative note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) depreciated by 15 basis point. The NGX ASI closed at 47,282.67 points, to reflect a decline of 0.15% from the previous trading day and a Year-to-Date (YTD) return…
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PRESCO Plc share price hits N133 as market value gains N8 billion
Shares increased from N125.00 per share at the start of the trading day to N133.00 per share. At the end of yesterday’s trading session, Presco Plc share price appreciated by 6.40% to close at N133 per share, taking the market capitalization to N133.00 billion, reaching a fresh new 52-week high. The growth in share prices…