MARKETS

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...

  Agents are gradually taking over the underwriting space through retail practice which has placed them top in life business premium drive. This is despite the challenges confronting them. According to data obtained from the latest edition of the Nigeria Insurance Digest 2020, published by the Nigerian Insurers Association (NIA),...

United Capital Plc, a leading Pan-African financial services conglomerate recorded a 13% year-on-year growth in its Profit Before Tax (PBT) to N13.50 billion for the 2022 financial year. Chairman of the Board, Professor Chika Mordi said this at its Annual General Meeting held on Monday, March 27, 2023, at Transcorp...

A total turnover of 1.689 billion shares worth N11.066 billion in 14,019 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 853.745 million shares valued at N11.841 billion that exchanged hands last week in 18,543 deals. The Healthcare Industry (measured...

  Nigerian Exchange Limited (NGX) continues to build on its advocacy of inculcating a culture of saving and investing in young Nigerians as it celebrates the 2023 edition of Global Money Week (GMW). The event was held at the Exchange on Tuesday, 21 March 2023, to raise awareness on the...

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR) to 18 per cent from 17.5 per cent. The CBN governor, Mr Godwin Emefiele said this on Tuesday when he read the communique issued at the end of the 290th meeting...

Unilever Nigeria has disclosed that it will be exiting the home care and skin cleansing markets to reposition its business for sustained profitability. This was revealed in a corporate notice to the Nigerian Exchange Limited and signed by its Company Secretary, Abidemi Ademola. The company said that it was changing...

  As Nigeria joins countries around the world to celebrate the annual Global Money Week, Nigerian Exchange Limited (NGX) and the Securities and Exchange Commission (SEC) will be supporting the Central Bank of Nigeria (CBN) with a series of educational programs and events aimed at enhancing financial literacy in children...

  Nearly two weeks after the Supreme Court judgment mandating that the old N,1000 and N500 notes remain legal tender till December 31, 2023, the Central Bank of Nigeria (CBN) on Monday bowed to pressure and officially ordered commercial banks to comply with the court verdict. The apex bank also...