MARKETS

Liquidation dividends: NDIC renews call to depositors of 20 closed banks, NDIC has commenced payments, NDIC wants deposit insurance, NDIC to partner BPSR, framework for empowering NDIC, Senate confirms Hassan, increase deposit insurance fund, ICAN member-auditors on accuracy, integrity, NDIC synergy with CIBN The Nigeria Deposit Insurance Corporation (NDIC) has...

Pan- African credit rating agency, Agusto & Co has upgraded the rating of EDC Nigeria Money Market Fund (‘EDC MMF’ or ‘the Fund’) to A(f). Funds rated ‘A(f)’ are deemed to have low to moderate exposure to downside risk, impairment of net asset value in the medium term. EDC MMF...

The NGX All-Share Index and Market Capitalization appreciated by 0.81 per cent to close the week at 44,269.18 and N24.112 trillion respectively. Similarly, all other indices finished higher with the exception of NGX-Main Board, NGX CG, NGX Banking, NGX Pension, NGX Insurance, NGX-AFR Bank Value, NGX MERI Value, NGX Consumer...

Nigerian Exchange Limited (NGX) has urged International Breweries Plc to sustain its commitment to high standards of corporate governance, social impact and shareholder value creation. Mr Jude Chiemeka, Divisional Head, Capital Markets, NGX, commended the management of Int. Brew. for leveraging the Facts Behind the Figures platform of the Exchange...

In an apparent response to claims by the Minister of Finance, Budget and National Planning, Zainab Ahmad, that her ministry was not carried along by the Central Bank of Nigeria (CBN), in the ongoing process of redesigning three series of the Naira, the Bank insists it followed the law and...

Shareholders of nation’s total energy provider Conoil Plc, at the weekend, unanimously approved the proposed final dividend payout of N1.734 billion, which translates to N2.50 per share, for the 2021 financial year. The dividend payment ratified at the company’s 52nd Annual General Meeting held in Lagos, represents an increase of...

Investors on equities on the Nigerian Exchange Limited (NGX) on Thursday recorded a loss of N127.1 billion in the day trading transaction, halting the bullish streak of the better part of the week. The market All-Share Index declined by 0.5 per cent to 44,625.18 basis points, leaving the Month-to-Date loss...

    The National Pension Commission (PENCOM) and the Federal Competition and Consumer Protection Commission (FCCPC) have approved the proposed acquisition by First Guarantee Pension Limited (FGPL) and First Ally Asset Management Limited of the entire issued shares of Actis Golf Nigeria Limited (AGNL), owner of Sigma Pension. This is...

Union Bank of Nigeria Plc has notified its shareholders and the Nigerian Exchange Limited that it has received a Mandatory Takeover Offer (MTO) from Titan Trust Bank Limited. A corporate disclosure by Union Bank, explained that the mandatory takeover offer is for Titan Trust to take over ownership of 1,927,532,558...

  The Securities and Exchange Commission (SEC) has commended the Nigerian Exchange (NGX) and NGX RegCo for their efforts towards fostering sustainability and investor resilience in the Nigerian capital market. The Director-General of SEC, Mr Lamido Yuguda, who was represented by the Executive Commissioner, Operations of the Commission, Mr Dayo...