Nigerian Breweries Plc has recovered from a 10.5 percent drop in sales revenue in the first quarter to register a 13 percent growth in net sales to over N154 billion in the second quarter. It however closed the quarter with…
Nigeria Exchange Limited (NGX) has approved CWG Plc’s free float compliance extension request for three years (2023- 2026). According to a press release signed by Company’s Secretary DCSL Corporate Services Limited, the extension is to enable the Company to comply…
By Philemon Adedeji Opening the week, the Nigerian Exchange Limited (NGX) All-Share Index (ASI) relapsed by 289 basis points or 0.44 per cent to close at 65,036.37 points driven by profit taking in ZENITH BANK (-2.57 per cent), GTCO (-0.79…
…Reinforces its market leadership in the industry …Sustainably contributes to Nigerian economy By Philemon Adedeji Northern Nigeria Flour Mills (NNFM), a leading processor of local grains in Nigeria and a prominent member of Flour Mills of Nigeria’s esteemed corporate group,…
By Philemon Adedeji The Ministry of Finance Incorporated (MOFI), yesterday disclosed that it is partnering with The Nigerian Exchange Limited (NGX) to drive the federal government assets base to N100 trillion from N18 trillion in the next 10 years. The…
The naira plummeted to another record low of N930/$1 at the parallel market yesterday as the demand for dollar by importers and other end-users far outstrips supply. This is further compounded by apparent non-intervention by the Central Bank of Nigeria…
…Urges FG to create enabling policies to attract listings Nigerian Exchange Limited (NGX) has disclosed that it is working with the Central Securities Clearing System (CSCS) Plc and Euroclear to create a dollar settlement platform that will enable tech startups…
By Philemon Adedeji Domestic equities bounced back yesterday from losses recorded in the previous days, which lifted capitalisation to N654 billion, driven by gains in MTNN (+0.36 per cent), Dangote cement (+9.34 per cent) alongside GTCO (+1.33 per cent) buoyed…
By Philemon Adedeji At the Nigerian Exchange Limited (NGX), yesterday, stock market closed on bearish sentiment caused by profit taking in MTN Nigeria (1.43 per cent), DANGOTE CEMENT (-9.09 per cent) alongside ACCESS CORPORATION (-0.29 per cent) which offset the…
…Calls for more collaboration, awareness By Philemon Adedeji With the aim of enhancing investor participation and securities lending transactions in the Nigerian capital market, the Securities and Exchange Commission (SEC), National Pension Commission (PENCOM) and Nigerian Exchange Limited (NGX) have…
