AGS NEWS – The Federal Government has officially listed its April 2024 Savings Bonds, worth N4.21 billion, on the Nigerian Exchange Limited (NGX). This information was disclosed in a market bulletin signed by Godstime Iwenekhai, the Head of Issuers Regulation … Continue reading Federal government lists N4.21bn April bonds on NGX
AGS NEWS – The Nigerian Exchange Group (NGX) revealed its strategic agenda at its 63rd Annual General Meeting held in Lagos. Among the key initiatives discussed was the development of an online platform for public offers and an expansion drive … Continue reading NGX Group unveils plan for digital platform for public offers
AGS NEWS – Investors in the Nigeria equities market witnessed a significant gain of N420 billion on Thursday, spurred by robust performances from Dangote Sugar, Transcorp Power, MTN Nigeria, and other notable firms. This surge propelled the market capitalization to … Continue reading Dangote sugar, Transpower, MTN drive NGX market to N420 billion profit
AGS NEWS – Nigeria’s stock exchange continued its upward trajectory for the second consecutive day, recording a significant gain of N329 billion. The All-Share Index and market capitalization increased by 0.58%, reaching 104,100 points and N56.961 trillion, respectively. This surge … Continue reading Equity market sustains rally, hit N329 billion gain
Despite facing a challenging market environment, the Nigerian stock market showcased resilience on Wednesday as the transaction volume for the day experienced a notable surge. The recorded volume reached 1,641.28 million shares, surpassing the previous day’s figure of 1,409.85 million … Continue reading NGX reports first loss of N638 billion for the year
Following a string of four bullish trade sessions last week, Nigerian Exchange investors experienced a notable gain of N464 billion. The market exhibited a positive trend from the opening day and sustained this momentum until Thursday, resulting in investors accruing … Continue reading Equity market surges by N464 billion on NGX
The Nigerian Exchange Limited (NGX) has urged the Federal Government and the Central Bank of Nigeria to give priority to listed corporates in their procurement processes and access to foreign exchange. Temi Popoola, the Chief Executive Officer of NGX, emphasized … Continue reading NGX urges FG to prioritize listed companies in foreign exchange access
Union Bank of Nigeria has announced an upward adjustment in the acquisition price for minority shareholders’ stakes, raising it from N7 per unit to N7.70. The disclosure came in a statement signed by Company Secretary Somuyiwa Sonubi on Tuesday as … Continue reading Union bank concludes steps to delist shares from NGX
In a move towards fostering economic ties and attracting global investors, the Nigerian Exchange Limited (NGX) is considering a dual listing with the Saudi Exchange, with a particular focus on major corporations like Saudi Aramco. Dr. Umaru Kwairanga, the Group … Continue reading NGX sets sights on dual listing with Saudi exchange, eyes major player Aramco
Bearish sentiments persisted on the Nigerian Exchange Limited as the market reacted to the recent Supreme Court judgment concerning the 2023 general elections, resulting in a market capitalization loss of N67 billion. This marked the second consecutive day of negative … Continue reading MTN, Flour Mills, and others reduce NGX market cap by N67 billion
The Nigerian stock market has witnessed an unprecedented rally, spurred by the new government’s reforms, resulting in investors gaining over N2.2 trillion in just two trading sessions. The market capitalization, which was at N30.454 trillion the previous week, experienced a … Continue reading Investors gain N2.2tr in two trading days
The financial service sector of the Nigerian Exchange Limited (NGX) saw significant activity driven by three bank stocks: Fidelity Bank Plc, Access Holdings Plc, and FBN Holdings Plc. This dominance in the financial sector contributed 87.5% to the total equities … Continue reading Bank stocks drive activity in Nigerian exchange as financial sector dominates
Nigerian Exchange Limited (NGX) experienced a downturn, ending its four-day gains, as market capitalization took a hit of N216 billion due to selloffs in BUA Cement and 19 other stocks. The All-Share Index also recorded a decline of 0.75 percent, … Continue reading Investors suffer N216 billion loss as BUA Cement and 19 stocks experience selloff
The Nigerian Exchange Limited (NGX) has reported a 44.6% increase in listing fees for Q1 2023, amounting to N179.2 billion. This is a significant rise from the N123.9 million recorded in the same period in 2022. Meanwhile, the group recorded … Continue reading Domestic firms drive listing fees to N180bn on NGX in Q1 2023
The Nigerian Exchange Limited experienced a decline in market capitalisation by N58 billion, closing at N28.475 trillion on Tuesday, putting a halt to a seven-day rally. This was due to selloffs in Wapco, Geregu, and ETI shares. The NGX All-Share … Continue reading Market capitalisation of NGX loses N58bn, halting seven-day rally
Investors on the Nigerian Exchange Limited (NGX) suffered a loss of N674 billion last week as the market remained open for only four trading days due to public holidays declared by the Federal Government for Easter celebration. The All-Share index … Continue reading NGX investors suffer N674bn loss in 4-day bearish trading
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