CAPITAL MARKET

  Telecom giant, Airtel Africa Plc, says it lost $151 million due to the harmonisation of the foreign exchange rates by the Nigerian government. The Telecom company made the disclosure in its second quarter report filed with the Nigerian Exchange Limited on Thursday. According to the company, “Profit after tax...

The Divisional Head, Capital Markets at Nigerian Exchange Limited (NGX), Jude Chiemeka, has highlighted the importance of Environmental, Social, and Governance (ESG) compliance and the democratization of data in attracting investments and enhancing stock liquidity in the Nigerian capital market. Chiemeka shared these insights during a panel session titled "ESG...

  Following the emergency meeting of the Board of Directors on Tuesday, 25 July 2023, Nigerian Exchange Group Plc today announced an interim dividend of 25 kobo per Ordinary Share of 50 kobo each, distributable to shareholders for the first half of financial year 2023. This dividend, which is the...

Amid the bounce of a new administration and raft of changes in government policies, total foreign transactions performed by investors on the floor of the Nigerian Exchange Limited (NGX) grew to N145.08 billion in the first six months (H1) of 2023. This is according to the recently released data on...

Nigerian Exchange Limited in collaboration with the National Pension Commission (PenCom) has announced the launch of the NGX Pension Broad Index (NGXPENBRD). The NGX Pension Broad Index tracks the performance of equity securities that meet the profitability and dividend payment criteria, with no limit or cap on the number of...

  Following a bullish run in the stock market in recent months, the Nigerian Exchange Limited on Friday announced the reclassification of Fidelity Bank Plc. from small price stock to medium price stock. A statement by the NGX said the reclassification became necessary because Fidelity Bank Plc. shares have been...

The NGX All-Share Index and Market Capitalization appreciated by 3.89% to close the week at 65,003.39 and N35.395 trillion respectively. Similarly, all other indices finished higher with the exception of NGX ASeM which depreciated by 0.07% Seventy-three (73) equities appreciated in price during the week higher than 29 equities in...

  The Nigerian stock market closed the week with a strong performance, as equities investors  gained N584 billion. Even as the Market Capitalization grew by N584 billion on Friday, the market All-Share Index recorded a 1.68 per cent gain to close at 65,003.39 from the opening value of 63,930.72 points....

Nigerian Exchange Limited has announced the reclassification of Fidelity Bank Plc from small price stock to medium price stock. According to a statement from The Exchange on Friday, Rule 15.29 of the Rulebook of The Exchange, 2015 (Dealing Members’ Rules) notes that equities priced above N5 per share for at...

  Nigerian equities market on Tuesday sustained its bullish run as market capitalization gained N449 billion, as investors’ interest in Dangote Cement Plc and 49 others added to their opening value. The market All-Share Index (ASI) gained 823.37 basis points, which amount to 1.31 per cent to close at 63,766.72...