MARKETS

The Debt Management Office (DMO) has raised N615.557 billion through Sukuk for the rehabilitation and construction of new roads across the country in four years. The Director-General of DMO, Ms Patience Oniha, made this known in her presentation titled: "Nigeria Public Debt – Some Considerations," at the Capital Market Correspondents...

  Ecobank Group said it recorded transactions valued at $59.1 billion across its digital channels in the first 9 months of 2022. The company disclosed this in its audited financial report for the 9-month ended September 2022. According to the company, this represents a 44% increase compared with the $40.4...

To further drive growth and development in the Nigerian capital market, Nigerian Exchange Limited (NGX) has urged the Central Securities and Clearing System Plc (CSCS) to further collaborate on synergistic initiatives just as it congratulated the firm on its 25th anniversary celebration. NGX held a Closing Gong Ceremony at the...

The Institute of Chartered Accountants of Nigeria (ICAN) has identified five challenges that it says the Central Bank of Nigeria needs to consider following its naira redesign policy. The CBN on October 26, 2022, announced the redesign of the N1000, N500 and N200 notes, with the approval of President Muhammadu...

Savannah Energy PLC, the British independent energy company focused around the delivery of projects that matter in Africa, has announced the completion of its acquisition of ExxonMobil’s entire upstream and midstream asset portfolio in Chad and Cameroon, including operatorship of the upstream assets (through the acquisition of the former operator,...

The Nigerian Exchange Limited’s (NGX) All-Share Index and Market Capitalization appreciated by 1.51 per cent to close the week at 48,881.93 and N26.625 trillion respectively. Similarly, all other indices finished higher with the exception of NGX CG, NGX Premium, NGX Banking, NGX Pension, NGX AFR Bank Value, NGX AFR Div...

  As Nigeria grapples under a debt burden and cost of borrowing, the FMDQ Securities Exchange Limited says it is working towards the launch of Exchange Traded Derivative (ETD) products that will enable the government raise funds at a cheaper cost. Mr Oluwaseun Afolabi, the Head, Market Architecture, FMDQ Securities...

Nigerian Exchange Limited has encouraged the board and management of Chams Holdings Plc to extend its market engagement as its new Group Managing Director, Mrs. Mayowa Olaniyan takes over. At the Closing Gong ceremony of Chams Holdings Plc held at the Exchange, the Divisional Head, Capital Markets, NGX, Mr Jude...

    The Securities and Exchange Commission (SEC) has reiterated its commitment to drive the debt market-enabling environment to boost investors’ participation. The Director-General, SEC, Mr Lamido Yuguda, stated this at the Capital Market Correspondents Association of Nigeria (CAMCAN) annual workshop held in Lagos. The theme of the workshop was:...

  The Central Bank of Nigeria (CBN) has pegged maximum cash withdrawal per week via Automated Teller Machine (ATM) N100,000 subject to a maximum of N20,000 cash withdrawal per day. The new policy introduced by the Central Bank of Nigeria revealed that banks would only load N200 notes and lower...