MARKETS

The Association of Bureaux De Change Operators of Nigeria (ABCON) has called on the Central Bank of Nigeria (CBN) to grant Bureaux De Change (BDCs) digital autonomy to achieve exchange rate convergence. In a report released at the weekend, ABCON President,  Aminu Gwadabe, called on the apex bank to grant...

  Retail lender, Unity Bank Plc grew its deposits to N333.38 billion, representing a marginal increase of 2% compared to N327.42 billion recorded in H1’22 in its Half-Year unaudited financial statement submitted to the Nigeria Exchange Group Limited. The growth in deposits demonstrates incremental gains by the lender from its...

Following Nigeria's commitment to adopt the International Sustainability Standards Board (ISSB) standards, Ms. Tinuade Awe, the Chief Executive Officer of NGX Regulation Limited (NGX RegCo), emphasized the importance of Nigerian banks swiftly integrating environmental, social, and governance (ESG) principles into their business strategies. Awe asserted that doing so would provide...

  The Acting Governor, Central Bank of Nigeria (CBN) has said that the bank was making plans to clear the foreign exchange (FX) backlogs in the next one or two weeks. Shonubi, who disclosed this at a conference in Lagos on Monday, said the process will be facilitated with the...

  In a remarkable turn of events, the Nigerian Exchange Limited (NGX) achieved a significant milestone as its All-Share Index (ASI) surged to an unprecedented level of 68,279.14, marking a 1.11% increase. This achievement surpasses the previous record of 66,371.20 points set on March 5, 2008, following a prior all-time...

  Ardova Plc’s (AP) Board of Directors has announced that Olu Adeosun, Chief Executive Officer (CEO), will be exiting the company to pursue new interests and opportunities.  Olu’s resignation as CEO, is effective today 31 August 2023, but he has committed to remaining involved with the activities of the company...

Nigerian Exchange Limited (NGX) has expressed its eagerness to collaborate with the Lagos Chamber of Commerce and Industry (LCCI) in advancing advocacy efforts, encouraging listings, and enhancing capacity development for both chamber members and the broader economy. The Chief Executive Officer, NGX, Mr. Temi Popoola, disclosed this during the Closing...

  Nigerian Exchange Group Plc (NGX Group) is to pay its shareholders an interim dividend of 25 kobo per ordinary share of 50 kobo each on Thursday, 31 August 2023. This comes subsequent to an emergency board meeting convened by the Group last month, during which it affirmed its decision...

MTN Nigeria has raised N125 billion via series 6&7 commercial paper notes to diversify its financing options. This was disclosed via an official statement signed by Company Secretary, Uto Ukpanah and sent  to Nigeria Exchange Limited. According to the statement, the issuance of commercial paper notes is in line with...

The Securities and Exchange Commission (SEC) has sealed the premises of Stockmatch Investments Limited in Maiduguri, the Borno capital, for allegedly engaging in illegal investment activities. In a statement on Tuesday, the regulator said the move was part of its commitment to ensure that unregistered entities were not allowed to...