The West African Securities Regulators Association (WASRA) has recognized Oscar N. Onyema for his contribution and support in shaping the integration of capital markets in the region and for being the first Chairman of the West African Capital Markets Integration Council (WACMIC). The association gave the recognition to Onyema at the recently completed West Africa Capital Market Conference held in Read More
NGX Regulation Limited has released the “Code of Conduct for Approved Persons of Trading License Holders” of Nigerian Exchange Limited (NGX). This is in keeping with its commitment to promoting high professional standards and ethical conduct within the capital market. The Code which was approved by the Securities and Exchange Commission (SEC) on 16 August 2023, will take effect on Read More
Nigerian Exchange Group Plc (NGX Group) is expected to pay an interim dividend of 25 kobo per ordinary share of 50 kobo each held by shareholders This comes subsequent to an emergency board meeting convened by the Group last month, during which it affirmed its decision to electronically distribute its inaugural dividend following the demutualization in 2021, to qualified shareholders. Read More
Nigerian Exchange Limited (NGX) said it is working with the Central Securities Clearing System (CSCS) Plc and other stakeholders to reduce the settlement cycle from T+3 to T+1 over the next few years. The NGX planned to reduce settlement cycle due to the current reforms and competition among exchanges in global financial markets The Exchange also disclosed that it will Read More
By Amaka Ifeakandu, Lagos The Governor, Lagos State, Mr Babajide Sanwo-Olu, the Securities and Exchange Commission (SEC), Nigerian Exchange Limited (NGX) and the International Finance Corporation (IFC) have all renewed calls for more gender-focused initiatives that will create increased opportunities for women in leadership, employment, and entrepreneurship in the Nigerian private sector. They made these calls in Lagos during the Read More
Nigerian Exchange Limited (NGX) has day said that the total allotments for FGN Savings Bonds has risen to N5.06 billion in the first five months of 2023. The Divisional Head, Capital Markets at NGX, Jude Chiemeka, made this known during the NGX Savings Bond webinar 2023 organised by the Exchange in collaboration with Optimus by Afrinvest, a foremost fintech platform, Read More
Trading activities on the floor of Nigerian Exchange (NGX) on Tuesday remained bullish, gaining N111 billion following gain recorded by some medium and large stocks. Market capitalisation of listed equities increased by 0.39 per cent to N28.542 trillion from N28.431 trillion reported on Monday. The NGX All Share Index also appreciated by 188.04 basis points to 52419.33 points from N52231.29 Read More
Trading activities on the floor of Nigerian Exchange on Tuesday after celebration of Salah holiday opened in positive note, gaining N136 billion as sell off in Transnational Corporation of Nigeria, Fidelity Bank, Zenith and other lifted activities in the market. Market capitalisation of listed equities increased by 0.49 per cent to N28.099 trillion from N27.963 trillion reported the previous day. Read More
Nigerian Exchange Limited (NGX) in collaboration with key capital market stakeholders will be holding a workshop to address the major challenges and opportunities in the Exchange Traded Funds (ETFs) market. The NGX ETFs Conference themed “ETFs in the Nigerian Capital Market: Opportunities and Challenges” will hold virtually and will feature major players in the capital market including retail investors; regulators; Read More
The Nigerian Exchange Limited (NGX) has sanctioned four listed firms for inability to meet the regulatory requirements ranging between the third quarter of 2022 and the full year of 2022. The companies include Ecobank Transnational Incorporated Plc, Notore Chemical Industries Plc, PZ Cussons Nigeria Plc, and John Holt Plc. Further checks showed that PZ Cussons Nigeria Plc led with N4.8 Read More
Nigerian Exchange Limited (NGX) says it has suspended trading in the shares of Sterling Bank Plc. In its weekly report of market activities, the local bourse said the suspension took effect on Thursday. NGX said the suspension was in preparation for a restructuring of the bank. “Trading License Holders and the investing public are hereby notified that trading in the Read More
The Nigeria Exchange Limited (NGX) says three firms — PZ Cussons Nigeria Plc, Ecobank Transnational Incorporated, John Holt Plc — have been sanctioned for reportedly filing their audited and interim financial statements after the regulatory due date. This is contained in the exchange’s X-Compliance Report dated March 17, 2023 The X-Compliance Report is a transparency initiative of NGX Regulation Limited Read More
Nigerian Breweries Plc has recorded revenue of N550.638 billion for the financial year ended December 31, 2022. The amount represents an increase of 25.02 per cent compared with N437.285 billion recorded in the corresponding period of last year. The company financial result submitted at the NGX showed that cost of sale rose by 21.83 per cent from N276.872 billion in Read More
TAJBank Limited, Nigeria’s fast-growing non-interest banking services provider, Tuesday on the trading floor of the Nigerian Exchange Limited (NGX) became the first corporate to list Sukuk Bond on the bourse. The bank listed N10 billion Mudarabah Sukuk issuance after it successfully raised over N11.4 billion under its N100 Billion Sukuk Issuance Programme. The first of its kind in Nigeria is Read More
Trading activities on the floor of Nigerian Exchange on Monday opened in a positive trend, appreciating by N53 billion. Market capitalisation of listed equities increased by 0.19 per cent to N26.914 trillion from N26.861 trillion it closed on Friday. The NGX All Share Index also appreciated by 98.67 basis points to 49414.96 points from 49316.29 points traded the previous day. Read More
Nigerian Exchange Limited (NGX) has encouraged its newly inducted brokers to continue to uphold the high standard of ethics in the capital market and embrace a culture of continuous learning to keep up with the fast pace of developments and innovation in the financial space. At the induction ceremony for the 91 newly authorised dealing clerks held at the Exchange Read More
Transactions on the floor of Nigerian Exchange (NGX) on Thursday sustained a growth trend, gaining N133 billion with sell offs in shares of Sterling Bank, GTCO Plc, Zenith Bank, FBNHoldings and UBA boosted market activities. Market capitalisation of listed equities increased by 0.50 per cent to N26.815 trillion from N26.682 trillion reported the previous day. The NGX All Share Index Read More
Foreign exchange crisis in the country has pushed down the participation of foreign investors in Nigeria’s stock market to a meagre 16.8 per cent, according to information sourced from the NGX website. As at the time of compiling this report, the exchange rate between the naira and the dollar fluctuated between N444 and N446 to the dollar at the official Read More
Domestic equity market Tuesday returned to negative trend, shedding N25 billion as sell pressure in shares of MTN Nigeria, Zenith Bank, others impacted market activities. Market capitalisation of listed equities declined by 0.09 per cent to N26.609 trillion from N26.634 trillion traded the previous day. The NGX All Share Index also depreciated by 45.54 basis points to 48853.54 points from Read More
Trading activities on the floor of Nigerian Exchange NGX opened the week on a positive note, gaining N10 billion. Market capitalisation of listed equities increased by 0.04per cent to N26.634 trillion from N26.624 trillion reported on Friday. The NGX All Share Index also appreciated by 17.15 basis points to 48899.08 points from 48881.93 traded the previous day. Investors traded 236.586 Read More
Transactions on the floor of Nigerian Exchange (NGX) on Tuesday sustained growth profile, appreciating by N53 billion as market activities were boosted by sell-off in shares of Geregu , Transcorps FBNHoldings, among others. Market capitalisation of listed equities increased by 0.20 per cent to N26.344 trillion from N26.291 trillion reported the previous day. The NGX’s All Share Index also appreciated Read More
Nigeria’s equity market on Tuesday sustained declining profile, shedding N62 billion fololowing share depreciation recorded by Nigerian Breweries and Ecobank Transnational Incorporated. Market capitalisation of listed equities dropped to N25.775 trillion from N25.837 trillion reported the previous day. The NGX All Share Index also depreciated by 113.58 basis points to 47322.87 points from 47436.45 traded on Monday. Investors traded 120.946 Read More
Nigerian Exchange Limited (NGX), the sustainable Exchange championing Africa’s growth, and International Finance Corporation (IFC), entered into partnership to facilitate the issuance of green, social and sustainability bonds in Nigeria to increase financing for projects that address climate and social issues. They made the announcement during a Green and Sustainability Bond workshop co-hosted by both institutions in Lagos, and supported Read More
The bullish momentum in the Nigerian equities market sustained on Thursday following renewed interest in Nigerian Breweries, Airtel Africa Plc, forcing the market to appreciate by N203 billion.Specifically, the market capitalization of listed equities increased by N203 billion or 0.80 per cent to N25.384 trillion from N25.181 trillion reported the previous day. The NGX All Share Index also appreciated by Read More
Trading activities on the floor of Nigeria Exchange closed on a negative trend, shedding N440 billion as loss recorded by Dangote Cement, Guinness others drag the market down. Market capitalisation of listed equities yesterday declined by 1.82 per cent to N23.672 trillion from N24.112 trillion reported the previous day. The NGX All Share Index also depreciated by 805.83 basis points Read More
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