MARKETS

  Transactions at Nigerian Exchange Limited (NGX) closed the month of July 2023 on a positive note as earnings and dividend declaration from quoted companies helped NGX market cap gain N1.814 trillion. The gain was also supported by insider dealings among companies as directors and related parties consolidated their positions...

The Central Bank of Nigeria (CBN) has directed that microfinance banks and primary mortgage banks that provide banking services to the economically active poor be exempted from paying the processing fees for withdrawals above the cash withdrawal limits for direct cash withdrawals from their correspondent banks. The circular with reference...

Investors have commended the recent reclassification of Fidelity Bank Plc stock from small price stock to medium price stock, according to The Will newspaper’s report. Giving his perspective on the development, Mr Boniface Okezie, the National Co-ordinator, Progressive Shareholders Association of Nigeria, commented, “Fidelity Bank has paid its dues in...

The Nigeria Content Development Monitoring Board (NCDMB) has craved the understanding and support of the insurance sector to strengthen the Boards desire towards the implementation of the Nigerian Oil and Gas Industry Content Act (NOGICD) in the sector. The Executive Secretary of the Board, Simbi Wabote, who made the call...

  Transnational Corporation Plc, Nigeria’s leading conglomerate with investments in Power, Hospitality and Energy sectors has announced reported its financial results for the first half of the year ended June 30, 2023, recording commendable growth across all its major indices. The Group achieved an impressive revenue of N82.1 billion in...

  A total of 39 equities appreciated in price on the Nigerian bourse during the week lower than 73 in the previous week, even as 54 equities depreciated in price higher than 19 in the previous week, while 62 remained unchanged, lower than 64 recorded in the previous week. The...

  Telecom giant, Airtel Africa Plc, says it lost $151 million due to the harmonisation of the foreign exchange rates by the Nigerian government. The Telecom company made the disclosure in its second quarter report filed with the Nigerian Exchange Limited on Thursday. According to the company, “Profit after tax...

The Divisional Head, Capital Markets at Nigerian Exchange Limited (NGX), Jude Chiemeka, has highlighted the importance of Environmental, Social, and Governance (ESG) compliance and the democratization of data in attracting investments and enhancing stock liquidity in the Nigerian capital market. Chiemeka shared these insights during a panel session titled "ESG...

  Following the emergency meeting of the Board of Directors on Tuesday, 25 July 2023, Nigerian Exchange Group Plc today announced an interim dividend of 25 kobo per Ordinary Share of 50 kobo each, distributable to shareholders for the first half of financial year 2023. This dividend, which is the...

  The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR), which measures interest rate from 18.5 to 18.75 per cent. Acting CBN Governor, Folashodun Shonubi, announced this to journalists on Tuesday after the bank’s Monetary Policy Committee (MPC) meeting at...