By Seun Ibiyemi The Debt Management Office (DMO) says the Federal Government has been able to raise a total of N1.09 trillion through the Sovereign Sukuk since 2017, to support infrastructure development. The Director-General of the DMO, Patience Oniha, said…
Nigeria’s equities market recorded its first negative close on Wednesday, confirming analysts’ expectations of mixed trading sessions throughout the week. Following a disappointing performance at the Nigerian Exchange Limited (NGX) last week, which saw a loss of over N500 billion,…
The stock market continued on a positive trend, with investors gaining N26 billion and performance indices rising by 0.04 percent on Tuesday. Specifically, the Nigerian Exchange Ltd. (NGX) market capitalisation increased by 0.04 per cent to N66.214 trillion from an…
The Debt Management Office has allotted a total of N271.2bn in the Federal Government’s bond auction held on March 24, 2025. The allotment includes N4.686bn for the 19.30 per cent FGN April 2029 re-opening (five-year bond) and N266.542bn for the…
…Announces stricter measures to protect investors The Securities and Exchange Commission (SEC) has reaffirmed its dedication to safeguarding investors in Nigeria’s capital market by intensifying efforts to eliminate fraudulent activities. According to the Director-General of SEC, Dr Emomotimi Agama, operators…
The equities market had a strong start to the week on Monday, 24 March 2025, as investors recorded a profit of N369 billion on the trading floor of the Nigerian Exchange Group (NGX). This gain was driven by a surge…
Solid core earnings drive growth in profitability and returns.Africa’s Global Bank, United Bank for Africa (UBA) Plc, has released its audited financial results for the full year ended December 31, 2024, with all its major indicators witnessing significant improvement. The…
By Seun Ibiyemi The Nigerian Exchange Limited (NGX) on Thursday removed the suspension imposed on the shares of Mutual Benefits Assurance. The NGX disclosed this in its weekly report, which was made available to journalists over the weekend. The company…
CWG Plc has released its financial report for the year ending 31 December 2024, posting a pre-tax profit of N4.4 billion for the full year. This marks a substantial 290.24 per cent year-on-year increase compared to the N1.1 billion reported…
The Securities and Exchange Commission (SEC) has reaffirmed its commitment to cracking down on violators in the country’s capital market, warning that no offender will go unpunished. The Director-General of SEC, Dr Emomotimi Agama, issued this caution in a notice…
