Tag: NGX

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

NGX Group to issue shareholders N495m interim dividend

Nigerian Exchange Group Plc intends to pay an interim dividend of 25 kobo each ordinary share of 50 kobo on Thursday, totaling N495.53 million. According to The Punch, this came after the group called an extraordinary board meeting in July to announce its decision to electronically deliver its first dividend to qualifying shareholders following the […]

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

NGX ASI hits 15-year high of 66,490

The Nigerian Exchange Limited’s All-Share Index surged to 66,490.34 basis points at the close of trade on Tuesday, breaking a 15-year high. The Punch reported that the ASI increased by 0.51 percent to 66,490.34 points from 66,151.38 on Monday, surpassing the Exchange’s best value of 66,371.20 on March 5, 2008. The achievement is due in part […]

Local transactions hit N1.968tn, beats 2022 result - Report
Business

Local transactions hit N1.968tn, beats 2022 result – Report

The value of domestic transactions on the Nigerian Exchange Limited has reached N1968.4 billion year to date, which is 1.18 percent higher than the total value of domestic transactions for the year 2022, which was N1945 billion. According to The Punch, as of July 2022, the total value of domestic transactions was N1.49 trillion. This […]

Nigeria plans dollar asset listings to address forex woes
Business

Nigeria plans dollar asset listings to address forex woes

The Nigerian Exchange Ltd. has proposed allowing dollar-denominated bond listings on its platform in an effort to provide access to foreign currency for firms in Nigeria. Bloomberg reported that this effort is viewed as a viable remedy for the problems with foreign exchange that businesses in Africa’s biggest economy encounter. The Nigerian Exchange is additionally […]

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

Companies with defined ESG strategy draw sustainable investors – NGX Official

The chief executive of the Nigerian Exchange Regulation Limited, Ms. Tinuade Awe, has urged more businesses to incorporate environmental, social, and governance into their overall business plans in order to draw in sustainable investors. According to Business Post, she emphasized the significance of listed firms’ ESG reporting being in line with their business goals, data management procedures, and […]

How equity investors his N8bn profit one week
Business

How equity investors his N8bn profit one week

The Nigerian Exchange Limited’s recent trend of optimistic trading slowed this past week, resulting in a gain of N8 billion for investors. According to The Punch, trading operations on the NGX got off to a good start, rising to N35.539tn on Monday, with market capitalization finishing at N35.994tn the previous Friday. It increased to N35.932tn […]

Equity market retail participation hits 35% in September - NGX
Business

Nigerian Exchange Group records 63% profit decline

Nigerian Exchange Group’s Q2 2023 results for the period ending June 2023, pre-tax earnings decreased by 63% YoY to N319 million in Q2. Additionally, during the same time period, the company’s earnings after taxes fell significantly by 66% YoY to N225 million. Key highlights: Total income down 11.14% YoY to N2.125 billion  Transaction Fee: 53.83% […]

How increased electricity access will drive investment - Seplat
Business

Seplat Energy reports N140.6bn gross profit

Seplat Energy Plc, the prominent Nigerian independent energy company, listed on both the Nigerian Exchange Limited and the London Stock Exchange, has announced its unaudited results for the first half of 2023. The company demonstrated robust growth with a 3.8% increase in revenue, reaching N278.3bn from N219.2bn year-on-year. Additionally, a gross profit of N140.6bn was […]

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 […]

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