…As market cap hits N1.4trn in August By Philemon Adedeji Despite concerns around the soaring inflation, interest rate hikes and weak macroeconomic indices, investors’ confidence in Nigeria’s stock market remained strong, leading to Nigerian Exchange Limited (NGX) emerging one of…
By Philemon Adedeji Nigerian Exchange Limited (NGX) has expressed its eagerness to collaborate with the Lagos Chamber of Commerce and Industry (LCCI) in advancing advocacy efforts, encouraging listings, and enhancing capacity development for both chamber members and the broader economy.…
MTN Nigeria has raised N125 billion via series 6 and 7 commercial paper notes to diversify its financing options. This was disclosed via an official statement signed by Company Secretary, Uto Ukpanah to Nigeria Exchange Limited. According to the statement,…
No fewer than 130 pupils and students benefitted from the just-concluded Next Generation Financial Markets Empowerment organised by FMDQ Group Plc. in Lagos. The 2023 Summer Camp Programme held at the Exchange Place, FMDQ premises in Lagos. At the grand…
By Philemon Adedeji Equities market recovered from the previous session’s loss, the domestic bourse posted gains as the benchmark All Share Index (ASI) rose by 109.46 basis points representing 0.17 per cent to close at 66,548.99 index points. Gains in…
Nigerian Exchange Group Plc (NGX Group) is expected to pay its shareholders an interim dividend of 25 kobo per ordinary share of 50 kobo each on Thursday, 31 August 2023. This comes subsequent to an emergency board meeting convened by…
By Philemon Adedeji Transaction on the Nigerian Exchange Limited (NGX) closed on a bearish sentiments as tier-1 bank investor halted positive performance of stock market which includes ZENITH BANK (-1.79 per cent), GTCO (-0.95 per cent) and STANBIC IBTC (-0.16…
By Philemon Adedeji Stanbic IBTC Holdings, a financial service holding company in Nigeria has declared its unaudited results for the period ended June 30th 2023, the group declared stellar performance during the six months of 2023, such that profit before…
In a renewed onslaught against promoters of Ponzi schemes, the Securities and Exchange Commission (SEC), on Tuesday, sealed the premises of Stockmatch Investments Ltd in Maiduguri, Borno State for allegedly engaging in illegal investment activities. According to the Commission, the…
By Philemon Adedeji Flour Mills of Nigeria Plc (FMN), a key player in Nigeria’s food and agro-allied sectors, yesterday announced its unaudited financial performance for the period Q1 2023/2024, showing strong revenue growth across its business segments despite the challenging…
