Nigerian Exchange Limited
A leading Nigerian independent energy company, Seplat Energy Plc, listed on both the Nigerian Exchange Limited and the London Stock Exchange, has, within a year, experienced 10.2 per cent gas revenue, reaching $63.7 million in six months of 2023 (compared to $57.8 million in six months 2022).
Prolonged forex illiquidity, inflation, high-interest rate regime and other macroeconomic headwinds have sustained lackluster interest in domestic equities as the total foreign inflow (TFI) to equities declined by 90.6 per cent in the last 10 years.
The Nigerian Exchange Limited (NGX) said it has delisted the entire 1,310,629,267 issued share capital of Ardova Petroleum Plc from the daily official list. This, it said, followed the submission of the required post-approval documents from Ardova Petroleum” and pursuant to the scheme of arrangement between Ardova and the holders of its fully paid ordinary…
The financial services industry dominated in volume terms at the end of last week’s transactions on the floor of the Nigerian Exchange Limited (NGX). It led the activity chart with 1.936 billion shares valued at N27.7 billion traded in 20,839 deals. Thus, it contributed 67.84 per cent to the total equity turnover volume and value…
Heavy transactions in the shares of United Bank for Africa (UBA) FCMB Group Plc and Japaul Oil lifted the volume of shares traded last week as 4.2 billion shares worth N99 billion were recorded in 41,446 deals by investors on the floor of the Nigerian Exchange Limited (NGX).
•VFD’s boss appointed NGX Group’s non-executive director Following gains in many blue-chip companies, especially Dangote Cement and Transcorp Hotel, transactions on the Nigerian Exchange Limited (NGX) sustained a rising profile as investors’ wealth rose by N448 billion. At the close of transactions yesterday, the market capitalisation of listed equities appreciated by 1.31 per cent to…
Transactions on the equities sector of the Nigerian Exchange Limited (NGX) reopened in an upbeat yesterday, as heavy price gains in Geregu and 41 stocks lifted capitalisation by N204 billion.
The African Securities Exchanges Association (ASEA) and the African Development Bank (AfDB) Group have signed an agreement for a $600,000 grant to expand the number of linked African exchanges from an initial seven to 15 under the second phase of the African Exchanges Linkage Project (AELP).
Nigerian Exchange Limited (NGX), Chartered Institute of Stockbrokers (CIS) and other market stakeholders yesterday held a mock-trading session and Closing Gong Ceremony in honour of the founder of FCMB Group, late Otunba Subomi Balogun.
Transactions on the equities sector of the Nigerian Exchange Limited (NGX) reopened in an upbeat as increased bargain hunting in BUA cement and 45 stocks lifted capitalisation by N72 billion.
As domestic investors lead trading by 76% in May Uncertainty, inflation and other macro economic challenges bedeviling the country have continued to weaken foreign investors' appetite for stocks, as latest report by the Nigerian Exchange Limited (NGX) shows that the total value of transactions executed by domestic investors outperformed those of foreigners by 76 per…
The financial services industry dominated turnover, in volume terms, at the end of last week’s transactions on the floor of the Nigerian Exchange Limited (NGX). It led the activity chart with 1.6 billion shares valued at N15.7 billion in 14,851 deals; thus contributing 71.82 per cent to the total equity turnover volume and value respectively.…