Tag: NGX

Shareholders to get N1.5bn dividend - NGX Group
News

ESG compliance vital to lure capital market investments – NGX

The Nigerian Exchange Limited has emphasized the significance of ESG compliance and data democratization in luring investors and improving stock liquidity in the Nigerian capital market. This was said by the Divisional Head of Capital Markets at Nigerian Exchange Limited, Jude Chiemeka, during a panel discussion titled “ESG and Sustainable Finance; The Future of Investments,” which was […]

Nigeria Breweries suffers N70bn FX loss
Business

Nigeria Breweries suffers N70bn FX loss

Nigeria Breweries Plc recorded an exchange rate loss of N70.6 billion for the second quarter ended June 30th, 2023. This is according to the information in its recently released interim report for the first half of the year. Key highlights 2023 Q2: Net revenue N154 billion +13% YoY Gross Profit N68.4 billion +21.5% YoY Operating […]

Ardova leaves Nigerian Exchange after being delisted
Business

Ardova leaves Nigerian Exchange after being delisted

One of the nation’s top oil firms, Ardova Plc, has left the Nigerian Exchange Limited after being delisted. According to Business Post, the company has requested to leave the platform and suspend the open trading of its shares at the NGX, and as a result, it is quitting the primary stock exchange of the country. […]

Forex revenues hits new high as trade surplus reaches N2.22trn
Business

NGX FX trading hits N145bn in six months

In the first half of 2023, the total amount of international transactions carried out by investors on the floor of the Nigerian Exchange Limited increased to N145.08 billion. Nairametrics reported that this is according to the recently disclosed data on domestic and foreign portfolio investment reports in Nigerian equity trading for June 2023. The total foreign […]

Forex revenues hits new high as trade surplus reaches N2.22trn
Business

NGX Group Plc confirms Obehi Ikhaghe company secretary  

Nigerian Exchange Group Plc has announced the appointment of Ms. Obehi Ikhaghe as Company Secretary, beginning April 13, 2023. This is stated in a statement submitted to the Nigerian Exchange Limited and signed by the CEO, Oscar N. Onyeoma, OON. The statement read: “This is to inform Nigerian Exchange Limited and the Investing Public that […]

UBA begins $6bn project to support African SMEs
Banking

AMCON sells 900 million UBA shares – Report

A total of 961.5 million shares of UBA were traded on Thursday, July 20th, according to data from the NGX trading session. There are currently 34.1 billion outstanding shares of UBA, with Hiers Holding holding a majority stake of more than 5%. 2.8% of the bank’s outstanding shares total 961.5 million shares. According to sources, […]

Naira plunges to record low against pounds
Economy

Naira drops to N820/$ as FX supply shortfall continues

The naira struck a new low over the weekend, trading at N822/$ in the black market and N803.9/$ in the Investors & Exporters window, which is the official forex market. The amount of money exchanged in the I&E window decreased by 6.6%. Dealers expressed disappointment that the anticipated rise in supply from the previous week […]

Equity market drops by N257bn as First Bank, others record losses
Economy

Equity market drops by N257bn as First Bank, others record losses

The market capitalization of the local exchange ended last week at N34.069 trillion, down by N257 billion as a result of losses in the financial services stocks FBN Holding Plc, Ecobank Transnational incorporated, and others. The All-Share Index likewise fell by 470.68 basis points, or 0.75 percent, to finish at 62,569.73. Ecobank Nigeria Limited and […]

Friendly market policies'll boost Nigeria's credit profile - NGX
News

Friendly market policies’ll boost Nigeria’s credit profile – NGX

The Nigerian Exchange Group Plc has urged the Federal Government, led by President Bola Tinubu, to develop stronger pro-market policies to boost Nigeria’s credit profile. The organization’s chairman, Mr. Umaru Kwairanga, promised attendees at its Annual General Meeting on Friday in Lagos that the business would collaborate with the government to accomplish this. “As a […]

NGX names VFD's Nonso Okpala Non-Executive Director
Appointments

NGX names VFD’s Nonso Okpala Non-Executive Director

The shareholders of the Nigerian Exchange Group Plc approved the group managing director of the VFD Group, Mr. Nonso Okpala, as a new non-executive director of the Nigerian Exchange Group Plc. According to one of the country’s top sector-agnostic investment firms, VFD Group Plc, the appointment was made at their 62nd annual general meeting held in Lagos earlier today, […]

Access Bank, Qatar airways partner, offer discounted flight tickets
Business

IFC, NGX commend Access Bank for advancing women’s rights

Access Bank Plc received the best “Company Leadership in Gender Diversity” award, Family-Friendly Workplace Excellence award, and Gender Equality Champion award at the Gender Leader Awards. According to Vanguard, the bank was also given special distinction for its work in advancing women’s leadership and development. The International Finance Corporation and the Nigerian Exchange Limited organized the Awards with […]