Trading on the Nigerian Exchange Ltd. (NGX) was bullish on Monday following investors’ interest in some medium and largely capitalised stocks. Specifically, the market capitalisation garnered N116 billion or 0.45 per cent to close at N25.907 trillion from N25.791 trillion on Friday Also, the All-Share Index advanced by 214.49...
NGX
By TENEBE ANTHONIA, Lagos – Monthly trading data obtained from the Nigerian Exchange Limited (NGX) revealed that securities dealers brokered 7.4 billion shares worth N83.78 billion in September. This is just as the market capitalisation closed at N26.45 trillion at the end of the same period, with the NGX...
The domestic stock market on Tuesday closed on a negative note, with market capitalisation shedding N15 billion or 0.56 per cent to close at N26.517 trillion as against N26.532 trillion recorded the previous day. Also, the All-Share Index (ASI) lost 27. 87 points or 0.56 per cent to close...
Trading in the Nigeria Stock Exchange market has again ended negative on Wednesday as market capitalisation lost N13 billion or 0.05 per cent to close at N26.657 trillion against N26.670 trillion on Tuesday. Also, the All-Share Index lost 23.40 points or 0.05 per cent to close at 49,421.91 from...
Fidelity Bank on Tuesday agreed to take over the United Kingdom unit of Nigeria’s second oldest lender, Union Bank. It is the latest phase in the train of divestments by the latter which, beginning late last year, saw Union Bank offload 90 per cent of its shareholding to a...
The equity market on the Nigerian Exchange Ltd. extended losses to Monday. It shedded N13.06 billion to close the market capitalisation at N26.614 trillion as against N26.628 trillion traded on Friday. The negative performance was majorly driven by selloffs in banking stocks such as United Bank for Africa (UBA),...
By TENEBE ANTHONIA, Lagos – Debt Management Office (DMO) has leveraged the Closing Gong ceremony of Nigerian Exchange Limited (NGX) to commemorate the listing of a Triple-Tranche $4billion Eurobonds, $1.25billion Eurobonds and the N250billion Sukuk on the Exchange. The event which took place on Thursday, 28 July 2022, featured...
BUA Cement says it is in discussion with the International Finance Corporation (IFC) to obtain a loan for expansion of its integrated cement plant in Kalambaina, Sokoto State. The cement company disclosed this in a statement signed by Hauwa Garba Satomi, the Deputy Company Secretary and obtained from the...
The Nigerian Exchange Ltd. (NGX) on Thursday transacted 115.41 million shares worth N1.21 billion in 3,731 deals as the indices dropped by 0.1 per cent. This was in contrast with 198.82 million shares valued N2.18 billion transacted in 4,769 deals on Wednesday, representing 41.95 per cent.Transcorp was the most...
Investors have gained N11.98 billion after a three-day consecutive negative trading at the nation’s equities market. The market capitalisation stood at N27.807 trillion, representing a 0.04 per cent, an increase from the N27.795 trillion recorded at close of trade on Wednesday. The gains were recorded majorly on trading of...
By TENEBE ANTHONIA, Lagos – Capital market stakeholders have commended NGX for providing a vibrant listing platform for government and corporates to meet their business objectives. This was stated during the NGX CEO Roundtable held on Thursday. The event, themed, “Creating the Enabling Ecosystem for Accessing Capital from the...
By TENEBE ANTHONIA, Lagos – Temi Popoola, the Chief Executive Officer of Nigerian Exchange Limited (NGX), has restated commitment of Nigeria Exchange Limited (NGX) to provide a reliable, efficient and an adaptable exchange hub in Africa for investors and businesses, to save and to access capital. Popoola stated this while delivering his...
Dangote Cement Company says it has completed its N116 billion Series 2 bond issuance which is the largest corporate bond issuance in the Nigerian capital market. The company disclosed this in a statement made available on the Nigerian Exchange Ltd. (NGX) Website on Wednesday in Lagos. According to the...
By TENEBE ANTHONIA, Lagos – Nigerian Exchange Group of Companies has begun commemorating the International Women’s Day 2022 through a series of Closing Gong Ceremonies to celebrate recently appointed female Board Chairpersons and Chief Executives of listed companies and their affiliates who were appointed in 2021. The events which...
Nigerian Exchange Limited (“NGX”) on Tuesday inducted a total of 117 Authorised Dealing Clerks from 63 Trading License Holder, charging them to uphold the highest level of ethics and responsibility. Speaking at the ceremony, the Chief Executive Officer, NGX, Mr. Temi Popoola, CFA stated, “On behalf of the Board...
By TENEBE ANTHONIA, Lagos – Nigerian Exchange Limited (NGX) has restated its commitment to support the Debt Management Office (DMO) to deepening the capital market. The CEO, NGX, Mr. Temi Popoola, CFA disclosed this at a strategic meeting with market stakeholders organised by the DMO in Lagos last week. ...
By TENEBE ANTHONIA, Lagos – Lagos State Governor Babajide Sanwo-Olu has said the state government will explore capital raising via Nigerian Exchange Limited (NGX) to fund infrastructure projects through Equities, Green, Sukuk, and Blue Bonds. Governor Sanwo-Olu further expressed confidence in the opportunities available in the capital market and...
By TENEBE ANTHONIA, Lagos – Nigerian Exchange Limited (NGX) on Monday announced the listing of the Federal Government of Nigeria (FGN) $4,000,000,000 FGN Eurobonds on its platform. The Eurobonds were issued in three tranches as follows: 6.125% FGN SEP 2028 worth $1,250,000,000.00; 7.375% FGN SEP 2033 worth $1,500,000.00; and...
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...
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...