CAPITAL MARKET

  calls for more collaboration, awareness With the aim of enhancing investor participation and securities lending transactions in the Nigerian capital market, the Securities and Exchange Commission (SEC), National Pension Commission (PENCOM) and Nigerian Exchange Limited (NGX) have reaffirmed their commitment to further developing the securities lending landscape. This commitment...

      The Debt Management Office (DMO) has opened offers for subscription for two-year and three years tenure of Federal Government of Nigeria bonds. This was disclosed by DMO on its website on Monday. According to the statement, the offer of subscription will last for four days- between the...

Nigerian shareholders have demanded fair compensation for their investment, as the Nigerian subsidiary of the British pharmaceutical company, GlaxoSmithKline Consumer Nigeria Plc, plans to close operations in the country. Three days ago the company said it had concluded arrangements to shut down its operations in Nigeria. The company said it...

In line with its commitment to enhance investor participation in the Nigerian capital market, boost secondary market liquidity, and facilitate savings mobilization to drive economic growth, Nigerian Exchange Limited (NGX) in collaboration with the Securities and Exchange Commission (SEC) and National Pension Commission (PENCOM) is set to hold a Securities...

Nigerian Exchange Limited (NGX) announces the listing of the Federal Government’s N130 billion Sovereign Sukuk through the Debt Management Office (DMO) on its platform. The 10-year 15.64% Ijara Sukuk due 2032 was listed on NGX today, Thursday, 3 August 2023. According to DMO, the Sovereign Sukuk opened for subscription in...

The Chief Executive Officer (CEO) of Ecobank Group, Jeremy Awori, has attributed the group’s profitability in the second quarter of 2023 to its strategic roadmap which demonstrated the benefits of its diversified business model, resilient balance sheet and commitment to serving its customers. Awori stated this while reacting to the...

  Transactions at Nigerian Exchange Limited (NGX) closed the month of July 2023 on a positive note as earnings and dividend declaration from quoted companies helped NGX market cap gain N1.814 trillion. The gain was also supported by insider dealings among companies as directors and related parties consolidated their positions...

Investors have commended the recent reclassification of Fidelity Bank Plc stock from small price stock to medium price stock, according to The Will newspaper’s report. Giving his perspective on the development, Mr Boniface Okezie, the National Co-ordinator, Progressive Shareholders Association of Nigeria, commented, “Fidelity Bank has paid its dues in...

  Transnational Corporation Plc, Nigeria’s leading conglomerate with investments in Power, Hospitality and Energy sectors has announced reported its financial results for the first half of the year ended June 30, 2023, recording commendable growth across all its major indices. The Group achieved an impressive revenue of N82.1 billion in...

  A total of 39 equities appreciated in price on the Nigerian bourse during the week lower than 73 in the previous week, even as 54 equities depreciated in price higher than 19 in the previous week, while 62 remained unchanged, lower than 64 recorded in the previous week. The...