MARKETS

There are indications that the Central Bank of Nigeria (CBN) has given commercial banks and dealers in the forex market the green light to sell forex freely at a market-determined rate. This is in line with the promise of President Bola Tinubu to unify the multiple exchange rate in the...

A total turnover of 2.196 billion shares worth N45.971 billion in 31,655 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 2.586 billion shares valued at N46.643 billion that exchanged hands last week in 35,122 deals. The Financial Services Industry...

  igerian Exchange Limited (NGX) is set to host capital market stakeholders to African Exchanges Linkage Project (AELP) webinar tagged “Exchange Linkage Project – facilitating Trades across borders. The Webinar, which will hold on Wednesday, 14 June 2023, is designed to provide market operators, investors and other stakeholders with an...

The operations of Binance Nigeria Limited, a subsidiary of the cryptocurrency exchange, Binance, have been declared illegal by the Securities and Exchange Commission (SEC). In a statement by SEC on Friday, the capital market regulator said Binance is not a registered company under SEC, and its operation is not regulated...

Nigerian Exchange Limited (NGX) is set to host capital market stakeholders to African Exchanges Linkage Project (AELP) webinar tagged “Exchange Linkage Project – facilitating Trades across borders. The Webinar, which will hold on Wednesday, 14 June 2023, is designed to provide market operators, investors and other stakeholders with an overview...

The Securities and Exchange Commission (SEC) has said that it was collaborating with the Standards Organization of Nigeria (SON) to develop standards for commodities. Director General of SEC, Mr. Lamido Yuguda, stated this in Lagos stressed that Nigeria has various commodities that could be exported in a bid to grow...

NGX Regulation Limited, the International Sustainability Standards Board (ISSB) as well as the Financial Reporting Council (FRC) of Nigeria have all said they remain committed to championing the drive of sustainability and climatic disclosure reporting among companies to ensure investors in the Nigerian capital market are protected. The Chief Executive...

NGX Regulation Limited (NGX RegCo), in collaboration with the International Sustainability Standards Board (ISSB) and Financial Reporting Council (FRC) of Nigeria, is set to host a 3-day workshop/webinar on sustainability disclosure standards for companies as well as investors in the capital market. The workshop/webinar, which will kick off from June...

The NGX All-Share Index and Market Capitalization appreciated by 5.37 per cent to close the week at 55,820.50 and N30.395 trillion respectively, despite that the market opened for four trading days as the Federal Government of Nigeria declared Monday 29th May 2023 as Public Holidays to commemorate the inauguration of...

Nigeria’s retail lender Unity Bank Plc has posted a Profit Before Tax of N1.1 billion for its full-year results that ended Dec 2022, even as its gross earnings rose by 13.1% to N57 billion from N50.2 billion in the corresponding period of 2021. The Bank in its audited full-year financial...