MARKETS

  The Central Bank of Nigeria (CBN), has attributed the crash of the naira against the dollar and its inability to manage the foreign exchange market to the diversion of diaspora remittances to the unofficial markets like the parallel market as the nation’s currency is inching to N1000/dollar. The Acting...

The Chief Executive Officer, NGX Regulation Limited (NGX, Ms Tinuade Awe, has urged companies to incorporate Environmental, Social, and Governance (ESG) considerations into their overarching business strategies, emphasizing the importance of listed companies aligning their ESG reporting with their business objectives, data management, and governance practices. Awe conveyed this perspective...

  The Managing Director and Chief Executive Officer of the First Bank of Nigeria, Mr Adesola Adeduntan, has said that the new technology and digital service experience introduced into the banking system of the bank will go a long way to curb forgery, fraud and other forms of vices in...

dismiss ISAN allegations express confidence in management   A group consisting of shareholders with major stake in Nigeria’s indigenous oil giant, Seplat Energy has vouched for the authenticity, sanctity and correctness of the company’s half-year results, which reported stellar performance. The group, Eagle Eye shareholders of Seplat Energy, also expressed...

  calls for more collaboration, awareness With the aim of enhancing investor participation and securities lending transactions in the Nigerian capital market, the Securities and Exchange Commission (SEC), National Pension Commission (PENCOM) and Nigerian Exchange Limited (NGX) have reaffirmed their commitment to further developing the securities lending landscape. This commitment...

      The Debt Management Office (DMO) has opened offers for subscription for two-year and three years tenure of Federal Government of Nigeria bonds. This was disclosed by DMO on its website on Monday. According to the statement, the offer of subscription will last for four days- between the...

Nigerian shareholders have demanded fair compensation for their investment, as the Nigerian subsidiary of the British pharmaceutical company, GlaxoSmithKline Consumer Nigeria Plc, plans to close operations in the country. Three days ago the company said it had concluded arrangements to shut down its operations in Nigeria. The company said it...

In line with its commitment to enhance investor participation in the Nigerian capital market, boost secondary market liquidity, and facilitate savings mobilization to drive economic growth, Nigerian Exchange Limited (NGX) in collaboration with the Securities and Exchange Commission (SEC) and National Pension Commission (PENCOM) is set to hold a Securities...

Nigerian Exchange Limited (NGX) announces the listing of the Federal Government’s N130 billion Sovereign Sukuk through the Debt Management Office (DMO) on its platform. The 10-year 15.64% Ijara Sukuk due 2032 was listed on NGX today, Thursday, 3 August 2023. According to DMO, the Sovereign Sukuk opened for subscription in...

The Chief Executive Officer (CEO) of Ecobank Group, Jeremy Awori, has attributed the group’s profitability in the second quarter of 2023 to its strategic roadmap which demonstrated the benefits of its diversified business model, resilient balance sheet and commitment to serving its customers. Awori stated this while reacting to the...