CAPITAL MARKET

The NGX All-Share Index and Market Capitalization depreciated by 1.08% to close the week at 51,355.74 and N27.963 trillion respectively. Similarly, all other indices finished lower with the exception of NGX Main Board, NGX Pension, NGX Insurance, NGX AFR Div. Yield, NGX MERI Growth and NGX Consumer Goods which appreciated...

Business mogul, Mr.Femi Otedola has acquired N5 billion worth of shares in a diversified investment company, Transnational Corporation (Transcorp) Plc. In a circular released on the Nigerian Exchange Limited (NGX) on Thursday, Transcorp said Otedola bought 2.24 billion shares. The shares cost Otedola N5 billion and earned him a 5.52...

Wema Bank Plc has reported gross earnings of ₦131.08 billion, a year-on-year increase of 42 per cent over ₦92.14 billion it made in 2021. This contained in its audited reports for fourth quarter ending December 31, 2022. From ₦73.30 billion recorded in 2021, the bank made Interest Income of ₦106.07...

The Chief Executive Officer, Nigerian Exchange Limited (NGX), Mr Temi Popoola, has said that the market would see a renewal in Exchange Traded Fund (ETF) listings as four new ETFs were in the pipeline. This was echoed by Popoola at the completed ETFs conference themed “ETFs in the Nigerian Capital...

Transnational Corporation of Nigeria (Transcorp) saw its net profit for the first three months of the year dropped by 63.1 per cent as a result of escalating costs. The company’s unaudited financial report released on Monday showed that it incurred N2.4 billion in foreign exchange loss, about five times the...

United Bank for Africa (UBA) reported a profit surge of 29.1 per cent in the three months to March, profiting from a series of rate hikes by the Central Bank of Nigeria that helped strengthen interest income and boost the bottom line. The pan-African lender saw interest income accelerate by...

Nigerian Exchange Limited (NGX) in collaboration with key capital market stakeholders will be organising 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 on Wednesday, 19...

  The Divisional Head, Capital Market, Nigerian Exchange Limited (NGX), Mr Jude Chiemeka has said that more investor education and stakeholder collaboration is needed for the Exchange Traded Derivatives Markets in Africa to experience increased growth. Chiemeka made the remark at the Capacity Building Workshop of the CFA Society, South...

The Ecobank Group grew its profit before tax by 13 per cent to $540m in the 2022 financial year. This was disclosed in its audited results for the year ending December 31, 2022, which was released last week. According to the bank, the PBT growth was supported by the benefits...

As Sterling Bank Plc finalises transition from a standalone commercial bank to a financial services holding group, the Nigerian Exchange (NGX) has suspended trading on the shares of the bank listed on The Exchange Regulatory report at the NGX indicated that the full suspension of trading has been placed on...