Amazon founder Jeff Bezos intends to divest up to 50 million shares of Amazon stock over the next year, as revealed in a regulatory filing published on Friday. At the current market value, these shares would be valued at nearly … Continue reading Jeff Bezos plans potential billion dollar Amazon stock sale this year
Stock investors kicked off the second half of the year on a positive note, as they accumulated gains of N533 billion on the first trading day. The All-Share Index rose by 1.61%, closing at 61,949.24 index points, while the market … Continue reading Stock investors kick off second half of the year with N533bn gain
European stock markets experienced a decline at the beginning of Monday’s trading session, influenced by Tokyo’s drop and investors monitoring inflation updates and the aftermath of the Wagner revolt. The FTSE 100 in London slipped 0.2% to reach 7,447.85 points. … Continue reading European stock markets open week with losses
Following the suspension of the Central Bank Governor, Godwin Emefiele, the Nigerian stock market experienced a surge, reaching its highest level since July 2008. Investors are speculating on a potential currency devaluation, which contributed to the rise in the main … Continue reading Nigerian stock market soars to a 15 year high following suspension of Emefiele
Investors in the Nigerian Exchange experienced a loss of N37 billion on Thursday, attributed to declines in the share prices of Stanbic IBTC Holdings, Wapic, GlaxoSmithKline, FCMB, and other companies. This led to a 0.12 percent decrease in both the … Continue reading Stock investors suffer N37bn loss on Nigerian exchange
The Nigerian Exchange Limited (NGX) has reported a 44.6% increase in listing fees for Q1 2023, amounting to N179.2 billion. This is a significant rise from the N123.9 million recorded in the same period in 2022. Meanwhile, the group recorded … Continue reading Domestic firms drive listing fees to N180bn on NGX in Q1 2023
The Nigerian Exchange Limited experienced a decline in market capitalisation by N58 billion, closing at N28.475 trillion on Tuesday, putting a halt to a seven-day rally. This was due to selloffs in Wapco, Geregu, and ETI shares. The NGX All-Share … Continue reading Market capitalisation of NGX loses N58bn, halting seven-day rally
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