MARKETS

Nigerian Exchange Limited (NGX) reiterates its commitment to supporting the enforcement of regulations that enhances transparency in the capital market, by reminding investors to comply with rules on disclosure of substantial holdings in listed companies. Recall a circular to the market recently in which NGX stated that lack of appropriate...

  The NGX All-Share Index and Market Capitalization depreciated by 0.48 per cent to close the week at 52,214.62 and N28.431 trillion respectively. All other indices finished higher with the exception of NGX Main Board, NGX 30, NGX Banking, NGX AFR Bank Value, NGX MERI Value, NGX Industrial Goods, and...

In line with its mandate to promote investor participation in Nigeria's capital market, enhance secondary market, Nigerian Exchange Limited (NGX) in collaboration with Afrinvest is set to host market stakeholders to a virtual workshop on FGN Savings Bond. The virtual event holding on Thursday, May 25, is aimed at bringing...

The Central Bank of Nigeria (CBN) has debunked reports suggesting that the Bank Verification Number (BVN) issued by the Bank in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS) expires after a 10-year after issued. The bank in a statement issued by Isa AbdulMumin, the Acting Director, Corporate Communications, on...

Nigerian Exchange Limited (NGX) has lauded the Association of Securities Dealing Houses (ASHON) for enhancing professionalism and ethical conduct in the market. This was disclosed at the Closing Gong Ceremony on Monday in Lagos, commemorating the return of members of the ASHON to the trading floor of NGX. Speaking at...

Billionaire businessman, Femi Otedola, has revealed that his offer to buy Nigerian conglomerate, Transcorp Corporation Plc, for N250bn was rejected. This came to light on Tuesday in a statement he issued to TheCable, weeks after the businessman acquired stakes in Transcorp and sold the shares. He revealed that he had...

  A total turnover of 2.973 billion shares worth N22.828 billion in 23,765 deals was traded this week by investors on the floor of the Nigerian Exchange Limited, in contrast to a total of 14.029 billion shares valued at N59.007 billion that exchanged hands last week in 24,048 deals. The...

  One of Africa's fastest growing companies and Nigeria’s leading commercial bank, Sterling Bank, has reported a growth of 28.5 per cent in its Profit after Tax for 2022. The bank’s profits grew to N 19.3 billion for the year ended 31 December 2022 in comparison to N15 billion as...

declares per share dividend of 50K Fidelity Bank Plc, a leading financial institution released its 2022 Audited Financial Statements on the Nigerian bourse today. The results showed a 34.4 per cent growth in Gross Earnings YoY to N337.1 billion year-on-year, driven by 45.2 per cent growth in interest and similar...

Nigerian Exchange Group Plc (NGX Group) has been awarded the EDGE certification, making it the first exchange group globally and the first indigenous Nigerian organization to be EDGE certified. According to a statement from the Exchange, NGX Group was certified at the EDGE Assess level, which highlights the progress the...