MARKETS

Technology has laid a foundation for the development of capital markets not only in Nigeria, but in Africa. This was the view of the Chief Executive Office, Nigerian Exchange Limited (NGX), Temi Popoola when he spoke at the West Africa Capital Market conference which held Wednesday, 25 October 2023 in...

  Nigerian Exchange Limited has held a workshop to inform market stakeholders about NGX's Single Stock Futures product launch and close the knowledge gap around the asset class as it aims to deepen the Nigerian capital market. Single stock futures (SSFs) are derivatives instruments that allow buyers and sellers to...

The Minister of Finance and coordinating of the economy, Mr. Wale Edun, has stated that around $10 billion of forex inflows is expected within weeks rather than months. Edun stated this during a panel session at the ongoing Nigeria Economic Summit and answered questions concerning stabilizing the foreign exchange market...

The NGX All-Share Index and Market Capitalization depreciated by 0.42 per cent to close the week at 66,915.41 and N36.764 trillion respectively. Similarly, all other indices finished lower with the exception of NGX CG, NGX Premium, NGX Banking, NGX AFR Bank Value, NGX AFR Div. Yield, NGX MERI Value and...

  Unilever Nigeria Plc has stopped production and sales of its home care brands in Nigeria. The company disclosed this in its unaudited interim financial statements released on Friday, October 20, for the nine months that ended September 30, 2023, The decision followed the company’s announcement on March 17, 2023,...

  The NGX All-Share Index and Market Capitalization appreciated by 1.12 per cent to close last week at 67,200.69 and N36.920 trillion respectively. Similarly, all other indices finished higher with the exception of NGX CG, NGX Banking, NGX AFR Bank Value, NGX MERI Growth and NGX Sovereign Bond which depreciated...

The naira fell to a new all-time low at the parallel market on Wednesday trading in the range of N1,035 to N1,040 to one dollar. The figure of N1,040/$ represents a depreciation of N40 or 4.0 per cent from the N1,000 it traded two weeks ago. The street traders put...

The first local currency-denominated infrastructure investment trust fund in Nigeria and Sub-Saharan Africa, Nigeria Infrastructure Debt Fund (NIBF) has been listed on Nigerian Exchange Limited (NGX). The listed, which took place on Thursday 5 October, was commemorated with a Closing Gong Ceremony where the management of the Funds engaged market...

VFD Group Plc, a sector-agnostic proprietary investment company, has been listed on the Main Board of Nigerian Exchange Limited (NGX). On Friday, October 6, 2023, the official listing was celebrated with a Closing Gong ceremony and a Fact Behind the Listing Presentation, marking a key milestone in the company's history....

In a significant development, Nigerian Exchange Limited (NGX) is set to admit the Nigeria Infrastructure Debt Fund (NIDF), a N200 billion public infrastructure investment fund by Chapel Hill Denham, onto the Exchange. The Exchange, in commemorating the listing, will host a Facts Behind the Listing and Closing Gong Ceremony on...