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Tag: NGX

NGX Group reports N5.2bn after tax
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MTN, Flour Mills, others cut NGX market valuation by N67bn

The market’s reaction to the Supreme Court’s ruling on the 2023 general election cases has resulted in a N67 billion decline in the market capitalization of the Nigerian Exchange Limited. According to The Punch, this was the local stock exchange’s second day in a row with negative trading. Depreciation in the share values of MTN Nigeria (-0.40 percent), […]

FBNH, GTCO join NGX banking index
Economy

NGX All-Share Index grows 0.5% as stock market recovers

The All-Share Index increased by 0.5% to reach 67,217.77 points, marking the end of several days of bearish runs and the return of the equity market to positive territory. The Times reported that equities increased by N187 billion as the market capitalization of the exchange increased to N36.9329 trillion from N36.742 trillion the day before. The […]

NGX Group, Dangote, Otudeko hail late Ogunbanjo
News

NGX Group, Dangote, Otudeko hail late Ogunbanjo

The Group Chairman of the Nigerian Exchange Group, Dr. Umaru Kwairanga, led a delegation to the family of late Christopher Ogunbanjo, which included billionaire businessmen Oba Otudeko and Aliko Dangote, former and current board members and management across the group, and past presidents of the Nigerian Stock Exchange. According to The Punch, Ogunbanjo, whose business oversaw […]

Nigeria Breweries director Yedikardesler resigns
Business

Nigeria Breweries director Yedikardesler resigns

The Non-Executive Director of Nigeria Breweries Plc, Mrs. Yeliz Yedikardesler, has resigned from the company. The Times reported that this information was obtained from a formal declaration that was sent to Nigerian Exchange Limited. The statement goes as follows, Nigerian Breweries Plc (“The Company”) thus notifies the Nigerian Exchange Limited and the investing public that Mrs. Yeliz Yedikardesler has left […]

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

NGX ASeM trades flat over low investors’ interest

The Nigerian Exchange Limited’s Alternative Securities Market board has been trading flat for weeks due to a lack of investor interest. The Punch reported that the board’s index has stayed constant at 658.99 basis points since July 19, 2023, according to statistics from the NGX. The ASeM index includes companies like Capital Oil, with a market […]

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

Bears dominate on NGX as stocks lose N518bn

Bearish investors dominated Friday’s trading session, with the Nigerian Exchange closing in the red. The Times reported that the All-Share Index closed at 67,324.59 index points, down 1.39% from the 68,271.14 index points it had at the end of the previous trading day. In the same vein, the market value of shares fell sharply, falling N518 billion […]

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

NGX trade volume hits N1.12bn

The daily volume of trade on the Nigerian Exchange Limited surged by 98% to 1.12 billion units on Thursday as investors lost N35 billion at the end of the trading session. According to The Punch, 566,631,350 units worth of equity trades totaling N5.39 billion were announced on Wednesday. Despite the increase in trade volume, the […]

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

NGX maintains positive run as investors make N264bn

The Nigerian Exchange Limited continued to trade positively on Tuesday as investor wealth rose by N264 billion, nearly matching Monday’s gain of N263 billion. The Punch reported that the market capitalization and the All-Share Index, which tracks changes in share prices across all publicly traded firms, both increased by 0.71 percent to close at N37.413 […]

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

NGX earns N264bn after Cardoso’s nomination

The Nigerian Exchange began the week in positive territory as investors reacted to President Tinubu’s nomination of Cardoso as the new Governor of the Central Bank of Nigeria. According to The Times, Dr. Olayemi Michael Cardoso was nominated by President Bola Tinubu on September 15, 2023, to lead the Central Bank of Nigeria for a term of […]

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

NGX Group’s DG Mohammed Garuba acquires N225m worth of shares

A Non-Executive Director of Nigerian Exchange Group Plc, Mohammed Garuba, has purchased 10,000,000 units of the company’s shares for N225 million. The Times was made aware of this information through a notice of directors’ dealings signed by group company secretary Obehi Ikhaghe. The company revealed that the deal was completed on September 12, 2023. The average price […]

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

NGX earns N339bn as investors purchase dip – Report

The Nigerian Exchange ended Wednesday’s trading session in the black as stocks reversed a two-day bearish trend to gain N339 billion. The Times reported that the local stock exchange has experienced a 2-day decline as shares reacted poorly to the FTSE Russell rating news. The gains from Transcorp and NASCON propelled Wednesday’s resurgence in the stock […]

FBNH, GTCO join NGX banking index
Economy

NGX ASI rises as gain exceeds 68,000 basis points

The Nigerian Exchange Limited’s All-Share Index reached an all-time high of 68,279.14 basis points just a week after breaking a 15-year record on March 5, 2008. According to The Punch, on Monday, the ASI increased 1.11 percent to 68,279.14. Also, last Tuesday, the ASI reached 66,490.34 points. The spectacular increase in banking stock prices, led […]