MARKETS

  The Divisional Head, Capital Market, Nigerian Exchange Limited (NGX), Mr Jude Chiemeka has said that more investor education and stakeholder collaboration is needed for the Exchange Traded Derivatives Markets in Africa to experience increased growth. Chiemeka made the remark at the Capacity Building Workshop of the CFA Society, South...

  Leadway Assurance, a leading Nigerian insurance company, recorded a total premium collection of N104.4 billion, becoming the first in the nation insurance sector  to cross three digit billion mark in 2022. The company said that it grossed a Written Premium of N92.5 billion, Savings and Investment income of iN10.8...

The Ecobank Group grew its profit before tax by 13 per cent to $540m in the 2022 financial year. This was disclosed in its audited results for the year ending December 31, 2022, which was released last week. According to the bank, the PBT growth was supported by the benefits...

As Sterling Bank Plc finalises transition from a standalone commercial bank to a financial services holding group, the Nigerian Exchange (NGX) has suspended trading on the shares of the bank listed on The Exchange Regulatory report at the NGX indicated that the full suspension of trading has been placed on...

The Nigerian Exchange (NGX) recorded new listings of about N318.52 billion in the first quarter. The new listings included equities, fixed income, mutual funds and derivatives. Going by the X-Compliance Report of the NGX, the Federal Government listed N11.23 billion new bonds under its Federal Government of Nigeria Savings Bonds,...

  The NGX All-Share Index and Market Capitalization depreciated by 1.20 per cent to close the week at 54,232.34 and N29.544 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...

Sterling Bank Plc has announced that it requires a short extension outside the deadline for filing its Annual Financial Statements (AFS) for the year ended 31st December 2022. This was contained in a copy of the bank’s letter to the Nigerian Exchange (NGX) filed on the 29th of March, 2023....

The nation’s capital market received a major boost Wednesday as the Senate of the Federal Republic of Nigeria passed into law, the Investments and Securities Bill 2023. The Bill which is expected to aid the functioning of the capital market and facilitate the ongoing economic diversification in the country among...

The Group Chief Executive Officer, Dangote Industries Limited, Mr Olakunle Alake has expressed delight upon the completion of the listing of the firm’s N200bn series 1 and 2 Bonds on Nigerian Exchange Limited, commending the depth of capital market. This was said at the Closing Gong Ceremony commemorating the listing...

Nigerian Exchange Limited (NGX) has commended the Chairman, Geregu Power Plc, Mr Femi Otedola, CON, and the firm’s Board for instituting best practices in corporate governance and playing a leading role in the country’s power sector. This was at the Closing Gong Ceremony commemorating the first Annual General Meeting of...