Markets

Markets

Stock market maintains upward trajectory as investors buy Transcorp entities

Iheanyi Nwachukwu Mar 06, 2024

Nigeria’s equities market rose by 0.40 percent on Wednesday, maintaining its steady upward trajectory. The market’s new high was largely...

Markets

Transcorp, Rich Point, HH Capital rake in billions from Transcorp Power shares sales

Iheanyi Nwachukwu Mar 06, 2024

…stock price hits N319.4/share on Wednesday The majority shareholders of Transcorp Power Plc are seen raking in billions of naira...

Markets

Here’s how Meristem money market, dollar, fixed income funds, others performed in February

Iheanyi Nwachukwu Mar 06, 2024

Meristem Asset Management has released the February performance report of its money market fund, dollar fund, fixed income fund, growth...

Markets

Premium valuations present Transcorp Power as good BUY

Iheanyi Nwachukwu Mar 06, 2024

Since the listing of Transcorp Power Plc shares on the Nigerian Exchange Limited (NGX), many investment advisors in their initiation...

Markets

Ellah Lakes says to conclude special equity placement by Q1

Iheanyi Nwachukwu Mar 06, 2024

Ellah Lakes Plc has commenced its special equity placement, noting that it will be concluded in first-quarter (Q1) 2024. The...

Markets

Stock market rallies by 0.35% as investors buy Transcorp Power, others

Iheanyi Nwachukwu Mar 05, 2024

Nigeria’s stock market rallied further on Tuesday by 0.35percent or N194billion following investors increased buy-interest in shares of newly listed...

Markets

Nigeria stock market emerges Africa’s best with 33.71% gain in two months

Iheanyi Nwachukwu Mar 05, 2024

With a 33.71 percent gain in two months to February 29, Nigeria’s stock market has emerged as Africa’s best-performing stock...

Markets

Stock market in early rally on Tuesday as investors buy Transcorp Power

Iheanyi Nwachukwu Mar 05, 2024

In early trading on Tuesday, March 5, Nigeria’s stock market rose by 0.23percent following increased buy-interest in shares of newly...

Markets

Here’s what to know about Transcorp Power listing by introduction

Iheanyi Nwachukwu Mar 05, 2024

Recently, Transcorp Power Plc (TPP), a subsidiary of Transnational Corporation Plc (Transcorp) listed its 7.5 billion ordinary shares of 50...

Markets

Stock market up by 0.10% as Transcorp Power listing adds N1.86tn to capitalisation

Iheanyi Nwachukwu Mar 04, 2024

Nigeria’s equities market opened the new week on a positive note, rising by 0.10percent. The Nigerian Exchange Limited (NGX) on...

Markets

Investors trade Transcorp Power's 40mn shares worth N10.56bn after listing

Iheanyi Nwachukwu Mar 04, 2024

Investors in Nigeria’s equities market exchanged 40million units of Transcorp Power Plc shares worth N10.560billion on its first day of...

Markets

NGX Group reports N5.2bn full year 2023 profit, to pay N1.5bn as final dividend

Iheanyi Nwachukwu Mar 04, 2024

Nigerian Exchange Group Plc (NGX Group or the Company) has announced its full-year audited financial statements for the year ended...

Markets

Transcorp Power listing adds N1.8trn to NGX capitalisation

Iheanyi Nwachukwu Mar 04, 2024

…at N240 per share Transcorp Power will Monday March 4, 2024 list by introduction on Nigerian Exchange Limited (NGX) its...

Markets

Stocks shed N1.83trn as higher interest rates depress valuations

Iheanyi Nwachukwu Mar 01, 2024

Nigeria’s stock market lost about N1.83trillion in the trading week ended Friday March 1 as investors moved to seek higher...

Markets

NGX, NG clearing foster deeper understanding of single stock futures

Iheanyi Nwachukwu Feb 29, 2024

Nigerian Exchange Limited (NGX) and NG Clearing Limited on Thursday February 29, 2024, enabled deeper understanding of the Single Stock...