MARKETS

  A total turnover of 839.978 million shares worth N12.418 billion in 16,183 deals was traded in the week by investors on the floor of the Exchange, in contrast to a total of 711.618 million shares valued at N15.338 billion that exchanged hands last week in 16,662 deals. The Financial...

  Investors on The NGX  gained N184 billion or 0.71 per cent as the market capitalization closed the day trading at N25.959 trillion compared with N25.775 trillion with which the market closed on Tuesday. Also, the All-Share Index (ASI) rose by 337.07 points or 0.71 per cent to stand at...

    As part of helping equity investors on the Nigerian Exchange Limited adequately prepare for the 2023 investment climate, Investdata Consulting Limited, will on Saturday, December 3, 2022, hold its annual summit tagged: Invest 2023 Traders & Investment Summit. The annual investment conference, now in its 11th edition, has...

  Nigerian Exchange Limited (NGX), the sustainable Exchange championing Africa’s growth, and International Finance Corporation (IFC) has announced a partnership to facilitate the issuance of green, social and sustainability bonds in Nigeria to increase financing for projects that address climate and social issues. The announcement was made during a Green...

Global rating agency, Fitch Ratings has downgraded the Long-Term Issuer Default Ratings (IDRs) of seven Nigerian banks and two bank holding companies (BHCs) to ‘B-‘ from ‘B’. The commercial lenders were downgraded because their standalone credit profiles are constrained by the sovereign rating due to their high sovereign exposure relative...

  The Monetary Policy Committee of (MPC) of the Central Bank of Nigeria (CBN) has hiked monetary policy rate to 16.5 per cent from 15.5 per cent while all other parameters remained unchanged. The CBN Governor, Godwin Emefiele, disclosed this at the apex bank’s Monetary Policy Committee monthly meeting in...

  The AELP has today gone live on integrating the African capital markets by facilitating cross-border trading and free movement of investments in the continent through the AELP Link platform. The go-live happened when the platform was officially switched on at 0000 UTC. The interconnectivity platform enables the trading of...

    Nigerian Exchange Limited (“NGX” or “The Exchange”) through its X-Academy, collaborated with NGX Regulation Limited (NGX RegCo) and Global Reporting Initiative (GRI), on a capacity building session in sustainability reporting and Environmental, Social and Governance (ESG) disclosures for listed corporates. The training, which took place on Thursday, 17...

Vice-president Yemi Osinbajo says Nigeria’s exchange rate regime remains a subject of worry to Nigeria’s investment climate, even as he cautions against arbitrage. Osinbajo expressed the view on Monday at the 28th Nigerian Economic Summit Group (NESG), where he represented President Muhammadu Buhari. The NESG organised the two-day summit, with...

  The Central Bank of Nigeria (CBN) has restated its commitment to preserving the integrity of the naira whilst protecting the unbanked, underserved and rural areas of the country. This is as the Lagos Chamber of Commerce and Industry (LCCI) has urged the CBN to consider redesigning the lower denomination...