MARKETS

  Central Securities Clearing System (CSCS) Plc, the leading Central Securities Depository (CSD) in Nigeria, took centre stage at the recently concluded Institute of Capital Market Registrars (ICMR) annual conference, themed "Navigating Nigeria's Economic Realities: The Transformative Power of Technology in the Capital Market." The event, which took place at...

  One of the oldest banks in Nigeria, Union Bank of Nigeria, has completed shareholders takeover and subsequently delisted from the stock exchange, The Nigerian Exchange Limited (NGX). It would be recalled that Union Bank received an offer from its core shareholder, Titan Trust Bank Limited, to acquire the shares...

  The Nigeria Deposit Insurance Corporation (NDIC) has addressed the recent news reports which it said is misleading circulating on various social media platforms under the headline "CBN Liquidates 20 Banks – NDIC (Names)." Contrary to the misleading headline, we would like to clarify that the 20 banks mentioned in...

  NGX Regulation Limited (NGX RegCo), in line with its unwavering commitment to enhance retail investor participation, is excited to announce its forthcoming retail investors' webinar. This event is designed to equip retail investors with invaluable insights, innovative strategies, and approaches for successful participation in the Nigerian capital market. Themed...

The Debt Management Office (DMO) has announced and offering for two-year and three-year Federal Government of Nigeria (FGN) Savings Bonds. According to a statement by the DMO on Monday, November 6, 2023, the bond will close by November 10, 2023, at N1,000 per unit. The DMO stated that the first...

  Mecure Industries Limited, a leading human pharmaceuticals and nutraceuticals manufacturing company will list 4 billion Ordinary Shares (4,000,000,000) on Nigerian Exchange Limited (NGX) by Introduction at N2.96 per share. This is another major listing for NGX in the pharmaceuticals industry as the company will add N11.84 billion to the...

Retail lender, Unity Bank Plc has recorded gross earnings of N38 billion for the nine-month period ended September 30, 2023, with customer deposits appreciating by 5 per cent to N344.4 billion within the period, indicating business growth and customer confidence in the Bank. A review of the lender’s unaudited nine-month...

  The Central bank of Nigeria (CBN) says it has sufficient stock of Naira notes allaying fears of some Nigerians on scarcity of Naira notes in circulation. The CBN in a statement signed by Dr. Isa AbdulMumin, Director, Corporate communication CBN, said “The attention of the Central Bank of Nigeria...

  The Nigerian stock market has sent shockwaves through the financial community, as the Nigerian Exchange Limited’s All-Share Index surged to an all-time high and shattered the 70,000-point barrier. This remarkable milestone has stirred a frenzy of excitement among investors and ignited fervent discussions about the nation's economic future. At...

    The Central Bank of Nigeria (CBN) has said there is no plans for the redenomination of the Naira, set to take effect from January 2023. The response from the CBN comes in light of an assertion implying its intention to redenominate the nation’s official currency. In a statement...