CAPITAL MARKET

  Aradel Holdings Plc, an integrated energy company has listed 4.34 billion shares on Nigerian Exchange Limited (NGX) Main Board on Monday, 14 October 2024. The shares, listed at N702.69 per unit through a "Listing by Introduction," boosted the market capitalization of NGX by N3.05 trillion, marking a significant milestone...

As part of the global IOSCO World Investor Week, which took place from October 7-13, 2024, Nigerian Exchange Group Plc (NGX Group), in collaboration with the Securities and Exchange Commission (SEC) and other market operators, organized a series of engaging events aimed at promoting financial literacy and empowering retail investors....

Trading in the top-three equities namely Guinness Nigeria Plc, United Bank for Africa Plc and Japaul Gold & Ventures Plc (measured by volume) accounted for 1.708 billion shares worth N110.766 billion in 5,004 deals, contributing 59.47% and 83.40% to the total equity turnover volume and value respectively for the week...

  The Securities and Exchange Commission (SEC) has warned entities engaging in illegal fund management activities to desist forthwith or be ready to face the law. The Director-General of the Securities and Exchange Commission (SEC), Mr Emomotimi Agama, said this in Abuja on Sunday in preparation for the commission’s World...

The Securities and Exchange Commission (SEC) is working to streamline regulatory processes to facilitate capital raising for infrastructure projects while ensuring robust investor protection, according to its Director- General, Dr. Emomotimi Agama. This is coming as Nigeria faces a significant infrastructure deficit, estimated at $3 trillion by the World Bank....

Mr.Femi Otedola, the chairman of First Bank of Nigeria (FBN) Holdings and majority shareholder, has increased his stake in the financial company to 13.15 per cent. Otedola increased his stake after purchasing 534,094,407 shares at the cost of N16.02 billion between September 23 and 25. FBN Holdings notified the capital...

Growing investor confidence and strong market participation have continue to boost optimism about Fidelity Bank’s stock as the bank experienced a remarkable 20% surge on the Nigerian stock market, with its share price surpassing the N13 mark by the third week of September. This upward trend follows the bank’s combined...

The Vice President, Kashim Shettima, has said that the Nigerian capital market plays a crucial role in the realization of the target of the President Bola Ahmed Tinubu administration to create a trillion-dollar economy. The Vice President stated this on Tuesday when he received at the Presidential Villa, executive members...

Unity Bank Plc has projected gross earnings of N27 billion and a Profit After Tax of N4 billion in Q4, 2024, in its latest earnings forecast released to the Nigerian Exchange Group. Although the projected gross earnings represent a marginal increase from the N26 billion projected for Q3 2024, the...

Nigerian Exchange Limited (NGX) and the University of Maiduguri (UNIMAID) have signed a Memorandum of Understanding (MoU) to bridge the gap between academic research and industry practice. This strategic collaboration aims to foster innovation, enrich learning, and promote sustainable development within the capital market sector. The MoU signing ceremony, attended...