MARKETS

  Nigerian Exchange Limited (NGX) and Ecobank Transnational Incorporated (ETI) have expressed mutual interest in partnering on sustainability initiatives and overall market development. This was stated at the Closing Gong Ceremony introducing the new Group Chief Executive Officer (GCEO) of ETI to the capital market held at the Exchange on...

The NGX All-Share Index and Market Capitalization depreciated by 1.08% to close the week at 51,355.74 and N27.963 trillion respectively. Similarly, all other indices finished lower with the exception of NGX Main Board, NGX Pension, NGX Insurance, NGX AFR Div. Yield, NGX MERI Growth and NGX Consumer Goods which appreciated...

Business mogul, Mr.Femi Otedola has acquired N5 billion worth of shares in a diversified investment company, Transnational Corporation (Transcorp) Plc. In a circular released on the Nigerian Exchange Limited (NGX) on Thursday, Transcorp said Otedola bought 2.24 billion shares. The shares cost Otedola N5 billion and earned him a 5.52...

Wema Bank Plc has reported gross earnings of ₦131.08 billion, a year-on-year increase of 42 per cent over ₦92.14 billion it made in 2021. This contained in its audited reports for fourth quarter ending December 31, 2022. From ₦73.30 billion recorded in 2021, the bank made Interest Income of ₦106.07...

  The Debt Management Office (DMO) has debunked claims that Nigeria defaulted in loan repayment to China. In a statement on Wednesday, the DMO said it was quoted by a media report as saying that the country failed to fully service its debt to China, which had accumulated to N110.31...

The Chief Executive Officer, Nigerian Exchange Limited (NGX), Mr Temi Popoola, has said that the market would see a renewal in Exchange Traded Fund (ETF) listings as four new ETFs were in the pipeline. This was echoed by Popoola at the completed ETFs conference themed “ETFs in the Nigerian Capital...

Transnational Corporation of Nigeria (Transcorp) saw its net profit for the first three months of the year dropped by 63.1 per cent as a result of escalating costs. The company’s unaudited financial report released on Monday showed that it incurred N2.4 billion in foreign exchange loss, about five times the...

United Bank for Africa (UBA) reported a profit surge of 29.1 per cent in the three months to March, profiting from a series of rate hikes by the Central Bank of Nigeria that helped strengthen interest income and boost the bottom line. The pan-African lender saw interest income accelerate by...

Nigerian Exchange Limited (NGX) in collaboration with key capital market stakeholders will be organising a workshop to address the major challenges and opportunities in the Exchange Traded Funds (ETFs) market. The NGX ETFs Conference themed “ETFs in the Nigerian Capital Market: Opportunities and Challenges” will hold virtually on Wednesday, 19...

The Debt Management Office (DMO) has floated four Federal Government of Nigeria Bonds worth N360 billion for subscription at N1,000 per unit. DMO disclosed this on Wednesday in a circular posted on its website. The agency explained that it has four FGN Bonds with at least a 12 per cent...