The Nigerian Exchange Regulation Ltd. (NGX RegCo) has appointed Mr Olufemi Shobanjo its Chief Executive Officer (CEO). The appointment took effect from Feb. 28. NGX RegCo, a subsidiary of the Nigerian Exchange Group (NGX Group), announced the appointment in notification…
The Nigerian foreign exchange market experienced a sharp decline in activity at the start of 2024, with Spot FX market turnover plummeting by 40.46 percent to $4.37 billion (N4.03 trillion) in January, down from $7.34 billion in December 2023. This…
Investors in the Nigerian equities market ended the week with a N672 billion loss as the market tumbled again on Friday. This followed the dip in the market capitalisation to N54.03 trillion from N54.70 trillion posted by the bourse on…
Transcorp Power is set to debut on the Nigerian Exchange Limited (NGX), boasting a market capitalisation of N1.8 trillion. The company is a member of the Transcorp Group, which includes Transcorp Hotel, equally listed as a separate entity. In a…
Dangote Cement, Plc for the year ended December 31, 2023, has proposed an increase in the dividend payout to the shareholders, by 50 percent, to N30 per share. The proposed increase in dividend is subject to ratification by the shareholders…
Nestlé Nigeria PLC, has declared a N547.1 billion sales increase for the 2023 financial year, translating to a 22.4 percent increase of N100 billion compared to the corresponding period of 2022. The company’s Managing Director, Mr Wassim Elhusseini, made the…
The value of transactions on the Nigerian Exchange Ltd. (NGX) on Wednesday further declined by 4.80 percent due to sustained selloffs in the shares of Tier- one banks. Specifically, investors traded a total of 396.23 million shares valued at N5.83…
The Chief Operations Officer of ChamsAccess, Mrs Olayemi Odufeso, has highlighted a range of significant developments in the company in recent time, including a strategic shift into provision of custom solutions for complex financial, digital, security, and technology challenges. Odufeso,…
The Nigerian Exchange limited All-Share Index (NGX-ASI) declined by 0.09 percent to close at 101,995.21 basis points. This is compared to the previous day’s gain of 0.84 percent to close at 102,088.07 basis points. The Nigerian stock market ended negatively,…
Trading at the Nigerian stock market picked up following a negative start at the beginning of the week. The market closed positively, with an increase of 301.71 points. However, the market breadth was negative. The NGX All-Share Index advanced by…
