MARKETS

The Central Bank of Nigeria (CBN) has fined FBN Holdings subsidiary, First Bank of Nigeria Limited, N13.5 million for fraudulent dealings and other contraventions in 2022. The penalties which were part of corporate disclosure  in audited annual statement of FBN Holdings’ financial statements, released on The Exchange on Friday,  revealed...

The shareholders of one of Africa's fastest growing companies, Sterling Bank, have commended the board of directors, executive management and staff of the bank on its remarkable financial performance for the 2022 year, resulting in a recommendation of dividends of 15 kobo per ordinary share; a fifty percent increase from...

  says it will continue to build on partnerships   Nigerian Exchange Limited (NGX) has said it is confident that the new administration will take efficient steps to address FX constraints, which have continued to challenge the nation’s economy. Its Chief Executive Officer, Temi Popoola, stated this during the closing...

The All-Share Index of Nigerian Exchange Limited surged by 5.32 percent at the end of trading on Tuesday. The Exchange in a press statement on Tuesday attributed the development to the removal of subsidy by the newly inaugurated president of Nigeria, Bola Ahmed Tinubu. Market capitalisation of stocks on the...

Shareholders of leading financial institution, Fidelity Bank Plc, have commended the board and management of the bank for delivering an exceptional performance in FY 2022. This was made known at the bank’s 35th Annual General Meeting (AGM) held virtually on Tuesday, May 23, 2023. Speaking at the AGM, the Chairman...

Nigerian Exchange Limited (NGX) has revealed that the total allotments for FGN Savings Bonds has risen to N5.06 billion in the first five months of 2023. The Divisional Head, Capital Markets at NGX, Jude Chiemeka, made this known during the NGX Savings Bond webinar 2023 organised by the Exchange in...

The Central Bank of Nigeria (CBN) has revoked the licences of 139 microfinance banks in the country, as well as four primary mortgage banks and three finance companies. This was disclosed in the official gazette of the Federal Government, which was published on the website of the CBN on Tuesday....

The Nigerian Exchange Limited (NGX) has fined 18 listed companies a sum of N34.72 million for late filing of financial statements for full year ended December 31, 2022. The Exchange said the companies filed their audited financial statements after the regulatory due date and NGX Regulation Limited (NGX Regco) applied...

  The All-Share Index and Market Capitalization Nigerian Exchange Limited depreciated by 0.05% to close the week at 52,187.93 and N28.417 trillion respectively. All other indices finished higher with the exception of NGX Main Board, NGX 30, NGX Oil & Gas, NGX Lotus II, NGX Industrial Goods, and NGX Growth...

Nigerian Exchange Limited (NGX) has said it intends to partner with the incoming administration to develop the right policies that will promote and attract listings in the capital market. This was even as it revealed that despite a total of N360 trillion moved within the Nigerian economy in 2022, only...