MARKETS

  The Central Bank of Nigeria (CBN) has disowned reports that it would soon withdraw naira notes from circulation. Reacting to the report on Saturday, the Director, Corporate Communications Department of the CBN, Mr Osita Nwanisobi, said the statement purportedly made during a stakeholders’ engagement on eNaira adoption in Asaba,...

  Nigerian Exchange Limited (NGX) hosted members of the Board of Directors and Executive Management of Seplat Energy Plc to a Closing Gong Ceremony to honour the immediate former Chairman, Dr. Ambrosie Bryant Chukwueloka ('A.B.C.') Orjiako, and introduce the newly appointed Chairman, Mr. Basil Omiyi, to the market on Thursday,...

  The Chief Executive Officer, Nigerian Exchange Limited, Temi Popoola, has canvassed for increase in long-term sustainable finance to achieve the Sustainable Development Goals in Sub-Saharan Africa. He made this known while speaking as a panellist at the CEO Breakfast Roundtable hosted by United Nations Global Compact Network Nigeria, during...

Ms. Tinuade Awe, the Chief Executive Officer, NGX Regulation Limited (NGX RegCo), has harped on the need for corporate bodies to adopt sound procedures in their reporting on their environmental and social impact. She noted this during a webinar hosted by Corporate Secretaries International Association (CSIA) to explore how businesses...

The Nigerian bourse recorded a total turnover of 1.816 billion shares worth N27.194 billion in 36,286 deals exchanged by investors on the floor of the Exchange, in contrast to a total of 1,598 billion shares valued at N19.603 billion that exchanged hands last week in 21,494 deals. The Financial Services...

Nigerian Exchange Limited (NGX) joined other African Exchanges in facilitating cross-border trading platform and free movement of investments in the continent. Other African Exchanges participating in the Phase 1 cross-border trading initiative are:   Bourse Régionale des Valeurs Mobilières (BRVM, integrating eight West African countries), Casablanca Stock Exchange (CSE), The Egyptian...

As part of efforts to fully digitalise operations of the Nigerian capital market, the Securities and Exchange Commission (SEC) has proposed some guidelines that will enable investors to execute their transactions in the capital market on their internet-enabled appliances and at their convenience. These are contained in a guideline on...

The NGX All-Share Index and Market Capitalization appreciated by 2.61 per cent to close the week at 50,935.03 and N27.460 trillion respectively. Similarly, all other indices finished higher with the exception of NGX Insurance, NGX Afr. Bank value, NGX Meri value, NGX Oil/Gas, NGX Growth and NGX Sovereign which depreciated...

In keeping to its commitment of ensuring strong and sustainable returns to its shareholders, the Board of Central Securities Clearing System (CSCS) Plc has proposed a total dividend of N3.7Billion to its shareholders, reinforcing the value accretion to its equity owners, who have seen notable rise in share price of...

EFG Hermes, the leading investment bank franchise in Frontier Emerging Markets (FEM), announced today that its investment banking division has successfully completed advisory on Dubai Electricity and Water Authority’s (DEWA) $6.1bn initial public offering (IPO) on the Dubai Financial Market (DFM) – the largest ever listing in the Middle East...