By Sodiq Adelakun The Debt Management Office (DMO) plans to increase its capital market offering by listing its N130 billion Sovereign Sukuk on the Nigerian Exchange Ltd. (NGX) and the FMDQ Securities Exchange Ltd. This was contained in a statement…
Yesterday, the Nigerian stock market extended gains for the second consecutive session driven by rebounds in index heavyweight, MTNN (+6.46 per cent) alongside Tier-1 banking names ZENITH BANK (+0.30 per cent) and GTCO (+2.25 per cent). The NGX All Share…
By Philemon Adedeji Trading activities on the Nigerian Exchange Limited (NGX) closed in upbeat driven by Investor interests in First Bank Holdings of Nigeria (FBNH) (+1.12 per cent), WAPCO Insurance (+4.32 per cent) and Nigerian Breweries (NB)(+2.70 per cent) outweighed…
UK Foreign Secretary James Cleverly announced a new partnership between Nigerian Exchange Limited (NGX) and the UK government’s MOBILIST programme during a visit to the Exchange recently in Lagos. Mobilising Institutional Capital Through Listed Product Structures, or MOBILIST, is a…
By Philemon Adedeji At the close of trade yesterday, bearish sentiment on the Nigeria Exchange Limited (NGX) continued for the second day of the week primarily driven by selloffs in tier-1 banking names which are, ZENITH BANK (-1.18 per cent),…
By Philemon Adedeji Trading activities on the Nigerian Exchange Limited (NGX) opened the week on a down beat as bearish momentum dominated, causing a shift towards red territory. Sustained selloffs in telco heavyweight MTNN (-3.68 per cent) and Tier-1 banks,…
By Philemon Adedeji The Divisional Head, Capital Markets at Nigerian Exchange Limited (NGX), Jude Chiemeka, has highlighted the importance of Environmental, Social, and Governance (ESG) compliance and the democratisation of data in attracting investments and enhancing stock liquidity in the…
By Philemon Adedeji Yesterday, trading activities on the Nigerian Exchange Limited (NGX) closed bearish halting a four-day winning streak amid selloffs in telco heavyweight, MTNN (-3.44 per cent) alongside First Bank Holding of Nigeria (FBNH) (-4.87 per cent) and WAPCO…
Nigerian Exchange Limited (‘NGX’) has announced the reclassification of Fidelity Bank Plc from Small price stock to Medium price stock. Rule 15.29 of the Rulebook of The Exchange, 2015 (Dealing Members’ Rules) notes that equities priced above N5 per share…
By Philemon Adedeji The Nigerian equities market concluded the week’s trading on a bullish sentiment with equities gaining for four trading days in the week and leaving the bears with only one day to dominate. We saw a positive performance…
