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Apple sues OpenAI over alleged theft of trade secrets

Business

Meta pulls AI photo editing feature after privacy backlash

Technology

Naira closes at ₦1,379.62/$ in official market, parallel rate

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Tanzanian richest bizman eyes $100m stake in Dangote’s E’Africa

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Tag: NGX

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 […]

Equity market retail participation hits 35% in September - NGX
Economy featured

ICAN, NGX partner to improve market regulation, protect investors

NGX Regulation Limited signed a Memorandum of Understanding with the Institute of Chartered Accountants of Nigeria yesterday in Lagos as part of its efforts to further improve the efficacy of regulation and investor protection in the Nigerian capital market. The Chief Executive Officer, of NGX RegCo, Ms. Tinuade Awe, stressed during the signing ceremony held at the […]

Investors make N182bn in one week
Economy

NGX emerges best performing banking index, gains 9.82%

With a gain of 9.82%, the banking index ended the week on a high note to take the top spot among sectoral indices. The market capitalization and NGX All-Share Index both increased by 3.40% to end the week at 63,040.41 and N34.326 trillion, respectively. All other indices also ended higher, with the exception of the […]

Investors make N182bn in one week
Business

NGX 30 index drops Wema Bank, Custodian Investment

Wema Bank Plc and Custodian Investment Plc were dropped from the NGX 30 as a result of the 2022 market index review. The NGX released a statement on the findings of its half-year market index review for the NGX 30, NGX Lotus Islamic, NGX Pension, Corporate Governance Index, Afrinvest Bank Value Index, Afrinvest Dividend Yield Index, […]

Investors make N182bn in one week
Economy

Local unlisted securities gain 1.86% as market cap hits N1.1tn

The Nigerian Exchange Limited appears to be moving quickly as some local unlisted securities have gained 1.86% as the market cap reached N1.1 trillion According to The Times, due to continued bargain-hunting brought on by restored interest in local equities by both domestic and foreign investors, the stock market increased by 1.65% on Friday. The […]

VFD Group Plc gets approval to list shares
News

VFD Group reveals intention to list on NGX

VFD Group Plc has announced its intention to list on the Nigerian Exchange Group. According to Nairametrics, the company will be able to strengthen its financial situation, increase its visibility, and obtain access to the public equity markets thanks to this strategic decision. VFD Group Plc is a leading proprietary investment company that has a […]

NGX board members
Business

NGX loses N58bn after seven-day rally

The Nigerian Exchange Limited’s market capitalisation dropped by N58 billion on Tuesday, bringing it to N28.475tn and ending a seven-day rally. According to The Punch, the NGX’s All-Share Index also fell by 107.03 points to 52,296.48 due to a sell-off in several shares. In total, 550,293,697 million shares worth N5.150bn were traded in 6,250 deals. […]

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