MARKETS

  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...

International Money Transfer Operators (IMTOs) have successfully remitted approximately $600 million into the nation’s coffers as of the end of September due to the concerted efforts of the Central Bank of Nigeria (CBN) to boost foreign exchange inflows into the country. Olayemi Cardoso, CBN Governor stated this at a “fireside”...

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....

  The Central Bank of Nigeria (CBN) has emphasized its commitment to the stability of the country’s financial system, highlighting that regular stress tests are conducted to identify potential vulnerabilities in banks. This is according to a statement by CBN’s Acting Director of Corporate Communications, Mrs Hakama Sidi Ali, on...

The Debt Management Office (DMO) has announced an offering for two Federal Government of Nigeria (FGN) savings bonds for subscription at N1,000 per unit. In a statement on Monday, the DMO said the first offer is a two-year FGN savings bond due on October 16, 2026, at an interest rate...

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 Central Bank of Nigeria (CBN) says it sold a total of $543.5 million in the Nigerian foreign exchange market (NFEM) to authorised dealer banks in September. In a statement signed by Omolara Duke, Director of, Financial Markets Department, on Friday, CBN said the foreign exchange (FX) was sold...

  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...