Capital Market
4 Dec
For the nation’s economy to grow steadily at sixteen per cent per annum over the next six years to attain $1 trillion economy by 2030, there is need for government to unlock the huge potentials of long term financing inherent in the capital market, as well as ensure that borrowings are tied to infrastructure bonds.…
20 Nov
• Weekly FMDQ FX turnover rises by 17% to $793m The financial services industry dominated in volume terms at the end of last week's transactions at the Nigerian Exchange Limited (NGX). It led the activity chart with 1.2 billion shares valued at N11.5 billion in 12,775 deals, contributing 59.4 per cent to the total equity…
20 Nov
Infractions in the country’s capital market may soon become a thing of the past as the Securities and Exchange Commission (SEC) is currently deploying new technology that would enable it to monitor market operations real-time
16 Nov
Positive sentiments persisted on the equities sector of the Nigerian Exchange Limited (NGX) as more bluechip stocks join the league of gainers, resulting to a further rise in market capitalisation by N113 billion.
14 Nov
Sell pressure in BUA Cement and 17 stocks, ensured that transactions on the equities sector of the Nigerian Exchange Limited (NGX) reopened on a downturn yesterday, causing market capitalisation to dip by N130 billion. Indeed, yesterday, the All-Share Index (ASI) shed 236.57 points, representing a decline of 0.33 per cent to close at 70,612.81 points.…
13 Nov
Group Chairman of Nigerian Exchange Group, Dr Umaru Kwairanga, has hinted at the proposed plan for dual listing with the Saudi Exchange, stressing that President Bola Tinubu's economic reforms have created room for investment inflow into the country.
10 Nov
Increased buying interest in the shares of some banks, especially FBN Holdings Plc and Fidelity Bank Plc lifted the Nigerian Exchange Limited (NGX) All-Share Index (ASI) by 0.07 per cent.
8 Nov
. As NGX RegCo empowers investors through capacity building The Nigerian Exchange Limited (NGX) sustained rising profile yesterday, amid price appreciation in PZ Cussons Nigeria and 21 others, causing market capitalisation to gain N86 billion. As a result, the All-Share Index (ASI) gained 133.98 points, representing a gain of 0.19 per cent to close at…
2 Nov
The Nigerian stock market hits the highest level on record yesterday as heavy transactions in the shares of Airtel Africa and 36 stocks lifted the Nigerian Exchange Limited (NGX) All-Share Index (ASI) to 70,581.76 points Specifically, at the reopening of transaction for the month of November, the ASI rose by 1,345.57 points, representing a gain…
1 Nov
Improved corporate performance has continued to buoy transactions on the equities sector of the Nigerian Exchange Limited (NGX) as investors gained N1.708 trillion in the month of October 2023.
30 Oct
•Rally support for planned inclusive FX regime •Naira appreciates at official, alternative markets The hope of return of foreign portfolio investors (FPIs) to Nigeria’s market may not materialise anytime soon following MSCI's potential reclassification of Nigerian indexes from the frontier to standalone market, experts have warned. They believe that a sizable portion of investors currently…
27 Oct
Losses recorded by many blue-chip stocks, especially MTN Nigeria Communications (MTNN) Plc and 28 stocks, ensured that the Nigerian Exchange Limited (NGX) extended negative sentiments yesterday, as the All-Share Index (ASI) depreciated further by 0.2 per cent. Yesterday, ASI lost 121.21 points, representing a decline of 0.2 per cent to close at 67,084.95 points. Also,…
9 hours ago
A foreign investor at TLG Capitals, Isaac Marshall, has attributed the naira gain to the decision of the Central Bank of Nigeria (CBN) to clear the FX backlog. Nigeria's foreign exchange (FX) reserves have fallen to a six-year low, Marshall said in a statement on his LinkedIn account on Thursday. He stated that this decline…
16 hours ago
Stakeholders in the insurance and pension industry have called on operators in the sectors to adopt artificial intelligence (AI) to drive business expansion in the country.
16 hours ago
Though it does not have the power to regulate prices, the Federal Competition and Consumer Protection Commission (FCCPC) will deploy an existing legal framework to enforce fair competition and consumer protection provisions to achieve fair prices of commodities.
16 hours ago
Inflation in Nigeria is reaching its peak now and will decelerate toward the middle of the year, Director-General of the Budget Office of the Federation, Ben Akabueze, has said.
16 hours ago
Nigerian Breweries (NB) Plc has disclosed that the proposed N600 billion recapitalisation scheme by way of rights issue would settle N153 billion outstanding foreign exchange (FX) losses and part of its local bank debt facility.
16 hours ago
The International Renewable Energy Agency (IRENA) is seeking a new approach to energy security amidst geopolitical concerns and a push from fossil fuels.
16 hours ago
The Chartered Institute of Bankers of Nigeria (CIBN) 2024 yearly lecture, slated to take place on April 23, at the Civic Center, Victoria Island, Lagos, has its theme as "Improving Availability of Credit in the Nigerian Real Economy: The Critical Importance of Liquidity."
16 hours ago
The International Agro Original Equipment Manufacturers (OEM) has called for the exemption of all agriculture equipment from all forms of taxes, import duties, Value Added Tax and other levies for at least two years to enable Nigeria to become self-sufficient in food production.
16 hours ago
The Organised Private Sector (OPSN), comprising top Business Membership Organisations (BMOs), has warned that over 65 per cent of private businesses, especially manufacturing concerns and SMEs, may be forced to close down due to the over 200 per cent hike in electricity tariff. The BMOs, comprising the Manufacturers Association of Nigeria (MAN), National Association of…
16 hours ago
Wema Bank has launched an anti-fraud campaign to protect its customers and other Nigerians against fraudulent activities perpetrated by some wallet accounts and fintech partners.