The Senate Committee on Capital Markets has confirmed Emomotimi Agama as the Director-General of the Securities and Exchange Commission. The committee approved the appointment of Frana Chukwuogor as SEC’s Executive Commissioner of Legal and Enforcement, Bola Ajomale as Executive Commissioner…
For the second time this week, Nigeria’s equities market increased on Tuesday by 0.53 percent as investors bought shares of Dangote Sugar Refinery, Nascon, PZ Cussons and Transcorp. The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and equities market capitalisation…
The Securities and Exchange Commission has announced plans to release a framework that will guide the capital market in the proposed recapitalisation exercise by banks. The acting Director General of the SEC, Emomotimi Agama, disclosed this during a meeting with…
The Chartered Institute of Stockbrokers (CIS) has expressed concerns about the impact of recent foreign exchange reforms on companies with significant foreign exchange components, noting that many of these companies are posting losses or substantially reduced profits. This statement was…
The Nigerian equities market closed the week with a loss of N206 billion by investors on Friday. This followed the dip in the share price of PZ, ETI and First Bank, amongst others on the trading floor today. After five…
The Nigerian Exchange Limited (NGX) has delisted the Shares of Arbico Plc from its Daily Official List of NGX. This was contained in the Exchange’s Weekly Report as seen by Nairametrics. The delisting follows the NGX’s approval of the Company’s…
Investors gained N61.65bn on Tuesday trading as the NGX All-Share Index (NGXASI) advanced by 0.11% to 98,285.33 points. The total volume traded declined by 45.05 percent to close at N222.90m, valued at N5.15bn and traded in 7,228 deals. GTCO was…
The earnings of Ecobank Transnational Incorporated (ETI), a pan-African banking conglomerate rose by 249 percent in the first three months of 2024, according to its latest financial statement on Tuesday. The group reported an after-tax profit of N140.8 billion from…
Seplat Energy Plc has emerged winner of the Best in Sustainability Reporting Award at the maiden Corporate Reporting Award, organised by the Institute of Chartered Accountants of Nigeria (ICAN) and NGX Regulation Ltd (NGX RegCo). The recognition was announced at…
Analysis by Nigerian NewsDirect of last week’s Friday trading has shown that the Nigerian stock market lost N17 billion at the close of trading on Friday. This is as the All-Share Index (ASI) declined to 98,125.73 from 98,233.76 at the…
