MARKETS

  The Central Bank of Nigeria (CBN) has given approval for the operation of Open Banking in Nigeria. Open Banking in Nigeria refers to data sharing across the banking and payment systems in the country. According to the guideline establishing Open Banking, the idea behind the initiative “is to promote...

  Dangote Cement has received approval of the Securities and Exchange Commission (SEC) for the establishment of a new share buy-back programme. The company said in a Corporate Disclosure to the Nigerian Exchange Ltd. (NGX) on Wednesday that the  programme would expire on Dec.12, which means months from the date...

  The NGX All-Share Index and Market Capitalization appreciated by 1.06 per cent to close the week at 55,529.21 and N30.250 trillion respectively. Similarly, all other indices finished higher with the exception of NGX Oil and Gas index which depreciated by 2.36 per cent, while the NGX Sovereign Bond and...

Few days to go before Nigeria's highly anticipated general elections, domestic investors in the local bourse are scooping up positions in stocks, shunning potential risks from the impacts of voter’s choices. Nigerian Exchange Limited (NGX) All-Share Index (ASI) is up 5.80% already in 2023 as of market close 20 February...

The Debt Management Office (DMO) on Tuesday clarified media reports that claimed that the Federal Government of Nigeria had raised the sum of N2.129 trillion between January and February 2023 through the issuance of Domestic FGN Securities. The reports also alleged that government might exceed its domestic deficit funding requirement...

Equity investors on the Nigerian Exchange recorded a gain of  N228.7 billion as trading activities resumed on Monday as the capitalization rose by one per cent, from N29.31 trillion with which it closed on  Friday to N29.53 trillion today. The All-Share Index appreciated by 419.89 basis points to close at...

  The NGX All-Share Index and Market Capitalization depreciated by 0.96% and 0.95% to close the week at 53,804.46 and N29.310 trillion respectively. Similarly, all other indices finished lower with the exception of NGX Premium, NGX Insurance, NGX MERI Growth, NGX Consumer Goods, NGX Oil and Gas, NGX Industrial Goods...

Nigerian Exchange Limited (NGX) has admitted TajBank Limited’s N10 billion Sukuk Mudarabah in its drive to further deepen the nation’s capital market. In commemoration of the listing of TajBank’s N10bn 15 per cent Series 1 Sukuk Mudarabah bond on its Exchange, NGX held a closing gong ceremony on Tuesday, 14...

    Securities and Exchange Commission (SEC) has announced its readiness to partner with the Nigerian Agricultural Insurance Corporation (NAIC) to deepen the commodities trading ecosystem. Director-General of SEC, Mr. Lamido Yuguda, stated this during a meeting with the management of NAIC, according to a statement by the commission. Yuguda...

A total turnover of 944.293 million shares worth billion in 18,615 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 3.789 billion shares valued at N27.500 billion that exchanged hands last week in 20,333 deals. The Financial Services Industry (measured...