CAPITAL MARKET

...Board approves record N4.4bn dividend for shareholders Nigerian Exchange Group Plc (NGX Group or the Company) has announced its audited financial results for the year ended 31 December 2024, delivering a record-breaking profit before tax (PBT) of N13.6 billion, marking an impressive 157.3% year-on-year growth. This strong performance was driven...

United Capital Infrastructure Fund (UCIF), the infrastructure fund of leading Pan-African financial services group, United Capital Plc, is pleased to announce a total dividend distribution of N1.98 billion to its unitholders, for the year ended 2024. In accordance with its bi-annual distribution structure, the Fund paid an interim distribution of...

As part of strategies to harness the potentials inherent within the various states for wealth creation, the Securities and Exchange Commission (SEC) is to embark on investor education for State Governments across the Federation. SEC Director General Dr. Emomotimi Agama disclosed this during a meeting with a team from the...

Leading financial institution, Fidelity Bank Plc, has announced the successful conclusion of the first tranche of its equity capital raise through its Public Offer and Rights Issue (the Combined Offer) following the completion of the capital verification exercise conducted by the Central Bank of Nigeria (CBN), and approval of the...

Oando PLC, Africa’s leading integrated energy company, has announced its full year (FY) 2024 results, showcasing a strong financial performance with a 45% growth in revenue to N4.1 trillion compared to N2.9 trillion in FY 2023. The company’s profit-after-tax (PAT) for the year stood at N65.5 billion, representing a 9%...

Nigerian Exchange Group (NGX Group) hosted the Executive Governor of Katsina State, Dr. Dikko Umar Radda, CON, at the Exchange, marking a significant step toward advancing the state’s economic vision through capital market opportunities. The visit reaffirmed Katsina State’s commitment to sustainable economic development and underscored the importance of strategic...

Managing Director and Chief Executive Officer of Arthur Stevens Asset Management Limited, Olatunde Amolegbe has highlighted the growing presence of mid-level investors in the Nigerian capital market, emphasizing their critical role in boosting market liquidity. Speaking at the Capital Market Correspondents Association of Nigeria (CAMCAN) 2024 Market Review and 2025...

• secures regulatory approval for new capital Zenith Bank Plc has raised N350.4 billion through its recently concluded hybrid Rights Issue and Public Offering. In a statement released to the Nigerian Exchange (NGX) Group on Sunday, the bank announced that it has secured the full regulatory approval of the Central...

• projects 39% returns The Nigerian stock market is expected to witness significant growth in 2025, with ongoing bank recapitalization efforts, new equity listings, and anticipated monetary policy easing by the Central Bank of Nigeria (CBN), driving new expectations. The Managing Director of Arthur Steven Asset Management Limited (ASAM), and...

  Temi Popoola, Group CEO of Nigerian Exchange Group Plc (NGX Group), reiterated the transformative potential of Africa’s capital markets at the launch of the Ethiopian Securities Exchange (ESX). Speaking at the event, Popoola emphasized the need for stronger regional collaboration, government-private sector synergy, and innovative market solutions to unlock...