Tag: NGX

The Nigerian Exchange continued its downward trajectory on Tuesday, losing N265 billion as weak investor sentiment persisted.
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NGX fines companies N76.8m for financial statements default

Alex Omenye The Nigerian Exchange Limited has imposed fines totaling N76.8 million on nine listed companies for failing to submit their audited financial statements by the regulatory deadline. It was revealed that these companies were penalized for not meeting the regulatory requirements for their year-end 2022 and 2023 financials. The sanctioned companies include African Alliance […]

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Capital market requires $10bn yearly to meet SDGs – UK Government

The UK government on Tuesday said it was ready to support Nigeria in developing its thriving capital market and that its programme for the mobilization of institutional capital through listed product structures was a strong basis for collaboration with Nigeria’s financial sector. In addition, The UK government also said the capital market of Nigeria could […]

The Nigerian equities market closed in positive territory on Thursday, with investors pocketing a gain of N239bn in market capitalisation
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Investors gain N300bn as NGX begins May bullish

The Nigerian Exchange Limited began the month of May with a surge in market activity, as the All-Share Index appreciated by 0.55%, gaining 537.15 points to close at 98,762.78 points. Investors witnessed a significant increase in market capitalization, gaining N300 billion as it closed at N55.85 trillion, up from N55.55 trillion recorded on April 30th, […]

Nigeria Exchange in decline two weeks in a row
Business

NGX Group introduce digital platform for public offers

The Nigerian Exchange Group has announced that it is perfecting plans to introduce a website for public offers across the African continent, and expanding its presence across Africa. This disclosure was made during the 63rd Annual General Meeting of the group, which was held recently in Lagos, according to The Punch. This follows the recent […]

Nigeria Exchange in decline two weeks in a row
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Stock market loses N673bn after 119.24 points drop

The Nigerian Stock Exchange closed on a bearish note as selloffs overtook buying activities. The All Share Index dropped by 1,190.24 points to settle at 98,121.30, indicating widespread investor pessimism compared with its previous level of 99,311.54, according to the NGX group. The market capitalisation also declined by about N673 billion, compared to the previous […]

Nigeria Exchange in decline two weeks in a row
News

Nigeria Exchange in decline two weeks in a row

For the second consecutive week, the NGX experienced a downward trend, with a 1.09% decline recorded during the week ending April 12, 2024. This resulted in the index closing at 102,314.56 points, down from the previous week’s 103,437.67 points. Equities suffered a loss of N613 billion, with the NGX’s market capitalization closing at N57.865 trillion, […]

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Wigwe: Ogunbajos sue US helicopter company over ex-NGX chairman’s death

The family of the late former Chairman of the Nigerian Exchange Group, Abimbola Ogunbanjo, who tragically lost his life in a Southern California helicopter crash in February, has taken legal action against the US helicopter company involved. In a court filing on Wednesday, Ogunbanjos alleged that the charter company, Orbic Air, flew the helicopter despite […]

Nigeria Exchange in decline two weeks in a row
News

Investment in Ethiopian Securities Exchange Strategic – NGX Group

The Nigerian Exchange Group has announced that its investment in the Ethiopian securities exchange was a strategic decision for the benefit of its stakeholders. The NGX Group confirmed recently that it invested in the ESX during the recent fundraising that took place in the Horn of Africa nation, where the bourse raised about $26.6m, according […]

The Nigerian Exchange continued its downward trajectory on Tuesday, losing N265 billion as weak investor sentiment persisted.
News

NGX ends Q1 2024 on high note amid investor confidence

The Nigerian Exchange Limited closed the first quarter of 2024 on a high note, amid renewed investor confidence in listed companies. Despite the adverse economic conditions, like rising inflation, currency depreciation, and continuing security challenges, this excellent performance is a major achievement for NGX, according to nairametrics. This prevailing optimism has led to a marked […]

The Nigerian equities market closed in positive territory on Thursday, with investors pocketing a gain of N239bn in market capitalisation
News

Julius Berger emerges top NGX weekly gainer with 30.58%

Julius Berger Plc, a construction firm listed on the Nigerian Exchange Group Plc, emerged as the top gainer for the week, recording a notable gain of 30.58% by the close of weekly trading. This surge highlights the heightened demand for shares in the construction giant, resulting in a N27.200 billion increase in market capitalization, elevating […]

Transcorp Power emerges top NGX weekly gainer
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Transcorp Power emerges top NGX weekly gainer

Transcorp Power Plc, a prominent power firm recently listed on the Nigerian Exchange Group Plc, emerged as the top gainer for the week, reporting a substantial gain of approximately N835 billion by the close of weekly trading. This surge highlights the strong demand for the shares of the new power company, concluding the week with […]