By TENEBE ANTHONIA, Lagos – Nigerian Exchange Limited (“NGX”) will hold its annual 2021 Market Recap and 2022 Outlook in collaboration with Renaissance Capital (RenCap) on Thursday, 3 February 2022. The virtual event will facilitate conversations around The Exchange, the larger Nigerian capital market and the economy as a...
NGX
By TENEBE ANTHONIA, Lagos – Nigerian Exchange Limited (NGX) has deepened its collaboration with the Securities and Exchange Commission (SEC) to undertake innovative initiatives that will drive the development of the Nigerian capital market. Flowing from a shared mandate to deepen liquidity in the market, increase domestic and foreign...
By TENEBE ANTHONIA, Lagos – Nigerian Exchange Limited (NGX or The Exchange) has started the year off with the listing by introduction of BUA Foods Plc on the Main Board of The Exchange. In keeping with its practice of intimating stakeholders with details of notable transactions such as these,...
By TENEBE ANTHONIA, Lagos – Nigerian Exchange Limited (NGX or The Exchange) on Wednesday announced the listing by introduction of BUA Foods Plc on the Main Board of The Exchange. A total of 18 billion ordinary shares of BUA Foods were listed at N40.00 per share under the Consumer...
Federal Government of Nigeria through the Minister of State for Environment, Sharon Ikeazor, has said it would continue to collaborate with Nigerian Exchange Limited (NGX) to build a framework that will help issuers navigate climate disclosure and ultimately improve the climate data available to the investment and finance community....
After three days of persistent bearish mood, trading on the Nigerian Exchange Ltd (NGX) rebounded by N17 billion to close Christmas eve positive. Specifically, the market capitalisation rose by N17 billion or 0.08 per cent to close on Friday at N22.060 trillion from N22.043 trillion achieved on Thursday. In...
Stock market operators have expressed optimism that trading on the nation’s bourse would close bullish ahead of Christmas holidays as investors position for dividend paying stocks for 2021 financial year. They said this in interviews with the News Agency of Nigeria (NAN) in Lagos on Sunday, while speaking on...
FBN Holdings Plc has officially notified the Nigerian Exchange Ltd and the investing public of the resignation of Mr Remi Babalola, its Chairman and Non-Executive Director. This is contained in the statement on investors’ relations signed by the Company Secretary, Mr Seye Kosoko, posted on the NGX website. The...
By TENEBE ANTHONIA, Lagos – NGX Regulation (NGX RegCo) Limited has restated its commitment to promoting a fair, transparent, and orderly Nigerian capital market at the the 2021 Issuers’ Engagement Forum with the theme: ‘Corporate Disclosures – Beyond Numbers’. Speaking at the conference, the Chief Executive Officer, NGX RegCo,...
By TENEBE ANTHONIA, Lagos – Nigerian Exchange Limited (NGX) has continued to be the preferred listing destination for companies seeking to raise capital via corporate bonds, equities and even private companies looking to raise public capital. Market stakeholders were excited to learn last week that MTN Nigeria Communications (MTNN)...
Profit-taking activities continued on Thursday in the Nigerian equities market as investors lost N33 billion on sell-offs in 23 stocks. The News Agency of Nigeria (NAN) reports that the market capitalisation dipped N33 billion or 0.15 per cent to close at N22.589 trillion against N22.622 trillion on Wednesday. Also,...
BY TENEBE ANTHONIA, Lagos – In recognition of the role Special Purpose Acquisition Companies (SPACs) play in catalyzing economic growth through public markets Nigeria and Africa, Nigerian Exchange Limited (NGX) has hosted a webinar with the theme SPACs: An Alternative Route to Public Markets on Wednesday. Speaking at the...
By TENEBE ANTHONIA, Lagos – Nigerian Exchange Limited (NGX) has expounded on the various opportunities available to investors to diversify their portfolios at its Retail Investor Workshop which held on Tuesday, 16 November 2021. Speaking at the webinar tagged ‘Creating an Investment Portfolio That Works in a Post-COVID Era’,...
By TENEBE ANTHONIA, Lagos – Airtel Africa Plc has reached the second closing relating to the Airtel money minority investment transactions with TPG’s The Rise Fund, Mastercard and QIA. Airtel Africa’s Group Company Secretary, Mr Simon O’Hara, announced this in a notice posted on the website of the Nigerian...
By TENEBE ANTHONIA, Lagos – The Nigerian Exchange (NGX) Limited has said it remains committed to promoting and supporting gender equality as well as creating and maintaining an environment that is free from all forms of discrimination. The Chief Executive Officer, NGX, Temi Popoola, CFA stated this during the launch...
MTN Nigeria Communications Plc has announced the successful completion of the issuance of its N89.99 billion Series II 10-Year 12.75 per cent Fixed Rate Bonds due 2031. The company disclosed in a notice sent to the Nigerian Exchange (NGX) Limited on Thursday in Lagos. It said that the issuance...
By TENEBE ANTHONIA, Lagos – Nigerian Exchange Limited (NGX) has hosted the sixth edition of its Market Data Workshop on Wednesday, 3 November 2021. This year’s event was held virtually in collaboration with Official Partners, Zenith Bank, Reliance Infosystems Limited, Infoware and MTN Nigeria; Gold Sponsor, CSCS Plc; and...
Zenith Bank Plc has posted a Profit Before Tax (PBT) of N180 billion, for the nine months ended Sept. 30, amid headwinds, the Group’s unaudited nine months financial results presented to the Nigerian Exchange (NGX) Limited, on Sunday, in Lagos, has indicated. The PBT reflected a 1 per cent...