Capitalization – InfoStride News

Banks’ Recapitalisation Crucial to Nigeria’s $1tn Economic Goal — CBN

Temitope Nlewemchi — Mon, 10 Nov 2025 15:01:19 +0000

The Central Bank of Nigeria (CBN) has reaffirmed that the ongoing banking sector recapitalisation is vital to achieving President Bola Tinubu’s ambitious goal of transforming Nigeria into a $1 trillion economy by 2030. The apex bank noted that strengthening the capital base of financial institutions is essential to enhancing credit growth, boosting resilience against shocks, [...]

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Equity Market Gains ₦77bn, Approaches ₦60tn Capitalisation

Temitope Nlewemchi — Mon, 25 Nov 2024 21:02:12 +0000

Nigeria’s equity market continued its upward trajectory as investors’ confidence pushed the market capitalization to gain ₦77 billion, nearing the ₦60 trillion mark. The strong performance is attributed to sustained positive sentiment across key sectors, buoyed by a mix of favorable corporate earnings and macroeconomic developments. At the close of trading on Wednesday, the All-Share [...]

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Transcorp Hotels Surpasses N1 Trillion in Market Capitalization

Temitope Nlewemchi — Tue, 16 Jan 2024 11:55:24 +0000

Transcorp Hotels has achieved a milestone by crossing the N1 trillion mark in market capitalization. This significant accomplishment underscores the company’s strong performance and investor confidence in its business prospects. The attainment of a market capitalization exceeding N1 trillion reflects the aggregate value of Transcorp Hotels’ outstanding shares in the stock market. Investors’ positive sentiments [...]

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Equities bounce back as capitalisation increases by N3 billion

Temitope Nlewemchi — Mon, 03 Jan 2022 22:46:42 +0000

Going by the renewed bargain hunting in the shares of some blue-chip companies, the Nigerian equities’ market reversed losses to close in an upbeat yesterday, causing market capitalisation to appreciate by N3 billion. In summary, the all-share index (ASI) grew by 6.17 absolute points, representing an increase of 0.01 per cent to close at 41,813.27 [...]

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16 others drag capitalisation by N30bn as NGX reverses gains

Temitope Nlewemchi — Fri, 17 Sep 2021 16:24:58 +0000

Specifically, at the close of trading yesterday, the All-Share Index (ASI) depreciated by 57.03 absolute points, representing a decrease of 0.15 per cent to 38,911.31 points. Similarly, the market capitalisation lost N30 billion to close at N20.273 trillion. The market’s negative performance was driven by price depreciation in large and medium capitalised stocks especially Eterna, [...]

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