CAPITAL MARKET

The Securities and Exchange Commission (SEC) has sealed the premises of Stockmatch Investments Limited in Maiduguri, the Borno capital, for allegedly engaging in illegal investment activities. In a statement on Tuesday, the regulator said the move was part of its commitment to ensure that unregistered entities were not allowed to...

    The Nigerian capital market was euphoric at the close of trading on Tuesday as the market hit a 15-year high. The All-Share Index (ASI) of Nigerian Exchange Limited (NGX) rose by 0.51% to 66,490.34 points from 66,151.38 the previous day, surpassing the highest value of 66,371.20 recorded on...

For the second year running, leading financial institution, Fidelity Bank Plc, has emerged the company with the highest earnings per share on the Nigerian Exchange Limited (NGX) based on half year financial figures. According to a report by BusinessDay, Fidelity Bank, Seplat Energy, Total Energies, Okomu oil, Presco, Dangote Cement,...

  The Chief Executive Officer of Nigerian Exchange Ltd., Temi Popoola, has disclosed that the nation’s capital market was considering a dollar-denominated bond listings. Popoola who disclosed to Bloomberg said the dollar-denominated bond listings and dollar-denominated stock listings have been proposed to the Nigerian government and the proposal has received...

The Securities and Exchange Commission (SEC) is set to hold the second Capital Market Committee (CMC) meeting in 2023. The meeting is scheduled to hold virtually through Zoom with key stakeholders in the capital market on August 24, while the usual interface with the press, on the outcome of the...

  The Nigerian financial services sector played a significant role in boosting the trade volume and value of equities on the floor of Nigerian Exchange Limited (NGX) despite global and local equities market challenges. Nigerian stocks had closed in the negative territory following profit-taking activities on all trading sessions except...

  The Federal High Court sitting in Lagos has granted an interim order restraining FBN Holdings Plc from holding its Annual General Meeting (AGM) fixed for Tuesday, August 15, 2023, pending the hearing and determination of the motion on notice filed before it by three aggrieved shareholders of First Bank....

  Nigerian Exchange Limited (NGX), along with the Chartered Institute of Stockbrokers (CIS) and the Association of Securities Dealing Houses of Nigeria (ASHON), have demonstrated their willingness to collaborate with the Federal Government through the Ministry of Finance Incorporated (MOFI) in facilitating market development and listings. This was disclosed during...

The Chief Executive Officer, NGX Regulation Limited (NGX, Ms Tinuade Awe, has urged companies to incorporate Environmental, Social, and Governance (ESG) considerations into their overarching business strategies, emphasizing the importance of listed companies aligning their ESG reporting with their business objectives, data management, and governance practices. Awe conveyed this perspective...

dismiss ISAN allegations express confidence in management   A group consisting of shareholders with major stake in Nigeria’s indigenous oil giant, Seplat Energy has vouched for the authenticity, sanctity and correctness of the company’s half-year results, which reported stellar performance. The group, Eagle Eye shareholders of Seplat Energy, also expressed...