By Philemon Adedeji The Securities and Exchange Commission (SEC) and the capital market community would discuss the implementation of the Revised Capital Market Master Plan, Fintech and commodities trading ecosystem roadmap as well as other matters relating to the capital…
The Directors recommend to the shareholders the payment of a dividend in respect of the year ended 31 December 2022 of N202.88 million, representing 70 kobos per share. The dividend is subject to shareholders’ approval and appropriate withholding tax will…
Nigerian Exchange Limited (NGX) has commended the Chairman, Geregu Power Plc, Mr Femi Otedola, CON, and the firm’s Board for instituting best practices in corporate governance and playing a leading role in the country’s power sector. This was at the…
By Philemon Adedeji Losses recorded by Guaranty Trust Holding Company (GTCO), Wapic Insurance among others by Nigerian Exchange Limited (NGX) dragged stock market to N13billion at the end of trading session on Thursday. The losses recorded offset the gains in…
FMDQ Securities Exchange Limited said it has listed for trading, the N64.97 billion Commercial Papers (CP) of Flour Mills of Nigeria Plc under its N200.00 billion CP Issuance Programme on the Exchange’s platform to raise short-term funds. A commercial paper…
The Divisional Head, Capital Market, Nigerian Exchange Limited (NGX), Mr Jude Chiemeka has said that more investor education and stakeholder collaboration is needed for the Exchange Traded Derivatives Markets in Africa to experience increased growth. Chiemeka made the remark at…
By Philemon Adedeji On the Nigerian Exchange Limited (NGX) yesterday, the bears continued to dominate the domestic bourse as the NGX All-Share Index (ASI) extended losses by 148.95 basis points or 0.27 per cent to closed at 54,035.39 Index points…
Activities in Nigeria’s financial markets (equities and money markets) opened with bearish sentiments in the first trading day of the second quarter (Q2), setting up a poor growth outlook which financial analysts have predicted may likely turn out worse than…
Having reported N4.5 billion profit before tax (PBT) from its 2022 operations, the shareholders of Transcorp Hotel have approved N1.33 billion at 13 kobo per share dividend payout. The shareholders also at the 9th Annual General Meeting, commended the management…
By Philemon Adedeji Opening the week yesterday, the equities market on the Nigerian Exchange Limited (NGX) extended losses driven by Selloffs of in Tier-1 banks, which are Zenith Bank (-0.19 per cent), Guaranty Trust Holding Company (GTCO) (-0.39 per cent)…
