The equities market reversed four days of consecutive losses this week with investors posting a N172 billion gain at the close of trading on Friday. This followed the growth in share prices of Cutix, Learn Africa, and Caverton, amongst others…
Access Bank has revealed its ambitious plans to position its UK subsidiary, Access Bank UK, among the top 20 banks in the United Kingdom, targeting an annual profit of $1 billion by 2027. This was disclosed by Roosevelt Ogbonna, the…
By Esther Agbo The Securities and Exchange Commission (SEC) has given the green light to the Nigerian Exchange Group’s digital investment platform, NGX Invest, designed to simplify public offerings and rights issues in the capital market. The NGX in a…
The Securities and Exchange Commission has approved the Nigerian Exchange Group’s Invest, a digital platform designed to streamline public offerings and rights issues in the capital market and facilitate Nigeria’s $1 trillion economy drive. NGX disclosed this in a recent…
By Esther Agbo Shareholders of Trans-Nationwide Express (Tranex) Plc have sanctioned an increase in the company’s share capital from N249,075,038.50 million to N498,150,077.00 million. This decision was made during the company’s 31st Annual General Meeting in Lagos. The capital boost…
In a strategic move to enable its staff and students to join the league of global finance professionals with an array of opportunities, Anchor University, based in Lagos State, Nigeria, has signed a Memorandum of Understanding (MoU), with the Chartered…
By Esther Agbo Seplat Energy Plc saw a significant decline on the Nigerian Exchange (NGX) today, with its share price dropping by 8.30percent to close at N3,480. This resulted in a market capitalization decrease of N185.16 billion. Seplat’s downturn was…
By Esther Agbo The Nigerian Exchange Limited (NGX) has announced the technical suspension of trading in the shares of eight companies due to non-compliance with post-listing requirements. According to the Exchange, trading in these companies’ shares was suspended because they…
By Esther Agbo The Nigerian Exchange continued to experience bearish trading on Tuesday, leading to a significant N114 billion reduction in investor wealth. The market capitalisation fell by 0.20 percent, closing at N56.46 trillion, while the All-Share Index ended at…
Access Holdings Plc on Tuesday encouraged its shareholders to participate in the group’s rights issue offer, aiming to strengthen its bond with them. Chairman of Access Holdings, Mr Aigboje Aig-Imoukhuede, stated this at the group’s “Facts Behind The Rights Issue”…
