Capital Market
28 Jan
The Debt Management Office (DMO) has announced that it raised the sum of N669.94 billion from the January 2025 Federal Government of Nigeria (FGN) bond auction held on Monday. Announcing the result via its official X handle on Tuesday, DMO said the 19.30 per cent FGN APR 2029, allotted N78.86 billion at a 21.79 per…
2 Dec
The federal government has announced the launch of Eurobonds worth $500 million under its Global Medium Term Note Programme to finance the 2024 budget deficit. The federal government intends to issue the Eurobonds in two tranches. The first is a six-and-a-half-year bond with a coupon rate of 10.125 per cent, while the second tranche is…
26 Nov
Head of Business Technology and Digital Innovation at Central Securities Clearing System (CSCS) Plc, Mr Tobe Nnadozie, has revealed the role digital innovation is playing in expanding the capital market and the economy. He made the disclosure recently in Ibadan, Oyo State, during the Annual Chartered Institute of Stockbrokers’ Conference 2024. According to him, the…
11 Nov
The Nigerian Exchange Ltd. (NGX) on Monday opened the week positive with N84 billion profit added to the portfolios of investors. Specifically, the market capitalisation which opened at N58.920 trillion, gained N84 billion or 0.14 per cent to close at N59.004 trillion. The All-Share Index also gained 0.14 per cent or 138.1 points, to close…
7 Nov
Following sell-offs of Oando Plc and 20 otherstocks, the Nigerian capital market, yesterday, reversed gains to close on a downward note
17 Oct
The equity market extended its losses on Thursday as the market capitalization dropped by N127 billion, or 0.21 per cent, from N59.559 trillion to close at N59.432 trillion. Similarly, the All-Share Index declined by 0.21 per cent, losing 210.2 points to close at 98,081.38, compared to 98,291.53 recorded on Wednesday. As a result, the year-to-date…
14 Oct
The Nigerian stock market started the week on a bullish note, with the listing of Aradel Holdings stocks contributing N3.42 trillion to the Nigerian Exchange Ltd. (NGX) market capitalization. The News Agency of Nigeria (NAN) reports that Aradel Holdings officially listed its shares by introduction on the Main Board of the NGX at N702.69 per…
11 Sep
Guaranty Trust Holding Company (GTCO) has announced a record net profit of N905.6 billion for the first half of 2024, marking the highest profit ever achieved by a Nigerian-listed company. This result is approximately double the after-tax profit of Dangote Cement, Nigeria's largest company by market value, for the previous year. The company’s net profit…
20 Aug
The Federal Government has opened offers for its dollar-denominated domestic bond of $500m at an interest rate of 9.75 per cent per annum for
5 Aug 2024
Foreign Exchange Spot and Derivatives markets’ turnover for the week ended August 2, 2024, was $1,087.33 million, representing a decrease of 16.5 per cent or $215.24 million from $1,302.57 million recorded on July 26, 2024.
5 Aug 2024
With over N1 trillion loss suffered by stock market investors in July, shareholders have urged the Federal Government to create grant incentives to listed firms to halt the slide.
26 Jul 2024
The high cost of energy continues to take its toll on businesses in the form of high production cost, with two companies spending
28 May 2024
The effect of the harsh operating environment has continued to impact negatively on the operations of the nation's brewery industry, as prolonged inflation, unemployment and overall hardship impact negatively on consumer disposable income, resulting in shrinking demands for product.
6 mins ago
NGX Regulation Limited (NGX RegCo), the independent regulation subsidiary of Nigerian Exchange Group and the Economic and Financial Crimes Commission (EFCC) have called for an enhanced partnership that would pave the way for efficient market surveillance and help combat financial crimes in Nigeria's digitalised capital market.
17 mins ago
The National Insurance Commission (NAICOM) has given life insurance operators six months to comply with a new annuity guideline released by the commission.
1 day ago
To foster collaboration among key stakeholders in addressing environmental challenges in the Niger-Delta, Ashoka Africa
1 day ago
The Securities and Exchange Commission (SEC) has reaffirmed its commitment to ensure investors get equitable access to financial services and investment opportunities. A statement by SEC said the commission’s Executive Commissioner, Corporate Services, Mrs Samiya Usman, made the commitment on Sunday. Usman said the commission’s dedication to fostering an inclusive financial ecosystem that empowered women…
1 day ago
The police in Ogun have arrested a 38-year-old cleric for allegedly defiling a 12-year-old girl. The command’s spokesperson, CSP Omolola Odutola, said this in a statement in Abeokuta on Sunday. The suspect was said to be serving in a branch of the Cherubim and Seraphim Church in Ijebu Igbo. According to Odutola, the suspect committed…
1 day ago
Determined to boost financial inclusion and saving culture in Nigeria, Ecobank has rewarded four customers with N2 million each at the grand finale of the ‘Ecobank Super Rewards, the Millionaire Geng season held in Lagos at the weekend. Indeed, Ecobank is changing the financial landscape in Nigeria with its Super Rewards with millions in cash prizes. The…
2 days ago
The Nigerian stock market has entered a new era of stability and growth as the 37 percent growth in the market index in 2024, coupled with the sustained rally in 2025, has been largely driven by strong participation from local retail and institutional investors, the Managing Director of Arthur Stephen Asset Management Limited, Olatunde Amolegbe has said.
2 days ago
..As firm targets cost optimisation, efficiency others to consolidate performance Oando Plc, Africa’s leading integrated energy company listed on both the Nigerian Exchange Grpup (NGX) and Johannesburg Stock Exchange (JSE), announced a strong financial performance for the Full Year (FY) 2024 as the company's Profit After Tax (PAT) hits N65 5 billion. The company also…
2 days ago
The Nigeria Customs Service (NCS) has intensified its crackdown on fuel smuggling, seizing nearly 200,000 litres of petroleum products in Adamawa State under Operation Whirlwind.
2 days ago
The Minister of State, Petroleum Resources (Gas), Ekperikpe Ekpo, has lamented Nigeria's paradoxical situation as a major gas-endowed nation with alarmingly low natural gas utilization, saying operators like SEPNU should partner with the government to correct the trend.