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Tag: NGX

NGX Group reports N5.2bn after tax
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NGX Group reports N5.2bn after tax

NGX Group Plc has released its full-year 2023 financial results, revealing a profit after tax of N5.250 billion despite economic challenges. The profit after tax witnessed a significant surge, marking an impressive 788% increase from N591.509 million recorded in the previous year of 2022. Additionally, NGX reported a pre-tax profit of N5.271 billion, indicating a […]

NGX reports N5.2bn profit despite economic hardship
Business

NGX reports N5.2bn profit despite economic hardship

NGX Group Plc has disclosed its financial results for the entire year 2023, indicating a N5.250 billion profit after taxes despite economic challenges. The information was disclosed in the group’s financial report to the investing public as well as formally released to the Nigerian Exchange Limited. The profit after tax for the group saw a significant […]

Banking

CBN to meet with foreign investors today

By Alex Omenye   The Central Bank of Nigeria Governor, Yemi Cardoso, is scheduled to participate in a significant meeting with foreign portfolio investors on Wednesday, February 28, 2024. Facilitated by the Nigerian Exchange Group in collaboration with the CBN and supported by prominent financial institutions such as Standard Bank, Citi Bank, J.P. Morgan, and […]

Ogun backs mass food production
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NGX Group mourns loss of former chairman, Ogunbanjo

The Nigerian Exchange Group Plc has expressed its profound sadness over the untimely deaths of the former group chairman, Bamofin Abimbola Ogunbanjo, andthe group managing director of Access Holdings Plc, Dr. Herbert Wigwe, CFR,balong with his son and wife, in a helicopter accident in the United States. Expressing his heartfelt condolences, the Group Chairman of NGX Group, […]

NGX delists GlaxoSmithKline from exchange list
Business

NGX delists GlaxoSmithKline from exchange list

The Nigerian Exchange Limited has delisted GlaxoSmithKline Consumer Nigeria Plc’s shares from the Daily Official List of the exchange. The Exchange’s Weekly Report mentioned this. The delisting happened after the NGX granted the Company’s request to delist all of its outstanding share capital “Following the approval of the Company’s application to delist its entire issued […]

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

NGX starts 2024 with impressive surge in investors confidence

The Nigerian Exchange Limited concluded January 2024 with remarkable positivity in equities trading, driven by a surge in investor confidence towards listed corporations. On January 24th, 2024, equity trading on NGX closed in the green, with the All-Share Index appreciating by 3% to surpass 100,000 index points, reaching 101,571.11 points. This milestone defies economic challenges […]

NGX halts trading of delisted-GSK shares
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NGX halts trading of delisted-GSK shares

The Nigerian Exchange Limited has halted trading on Glaxo SmithKline Consumer Nigeria Plc’s shares in anticipation of its eventual delisting from the Exchange. The Times reported that this information was contained in the Exchange’s weekly report. The suspension came after the Securities and Exchange Commission approved the Glaxo SmithKline Consumer Nigeria Plc Scheme of Arrangement between the […]

NGX to draw in more investors - CEO
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NGX to draw in more investors – CEO

The Group Managing Director and Chief Executive Officer-designate of the Nigerian Exchange Group Plc, Temi Popoola, has presented a strategy for bridging the gap between Nigeria’s millions of bank accounts and the existing number of market investors. Popoola, who took over the exchange’s leadership on the final trading day in 2023, made the remarks on […]

NGX to draw in more investors - CEO
Business

NGX index exceeds 100,000 points

The benchmark index of the Nigerian Exchange Limited broke beyond the 100,000 basis point barrier on Wednesday, creating a new record high. The PUNCH reported that at the closing of trade, the local bourse’s All-Share Index rose 2,954.14 points, or 2.99 per cent, to a record high of 101,571.11. The ASI ended 2023 at 74,773.77, […]

NGX halts trading of delisted-GSK shares
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GSK gets SEC approval to delist from NGX

GlaxoSmithKline Consumer Nigeria Plc has announced that it has received formal Securities and Exchange Commission approval for its proposed scheme of arrangement. This will lead to minority investors getting a total cash payment of N17.42 per share for each share owned. GlaxoSmithKline UK, a prominent pharmaceutical company, announced its pullout from Nigeria in August after more […]

Cadbury's $7m debt to stock conversion approved by shareholders
Business

NGX hits 4.24% as Cadbury Nigeria leads weekly gainers 

Cadbury Nigeria was the biggest gainer on the NGX for the week ending January 12, 2024. The Times reported that the All-Share Index rose 4.24% to close at 83,042.96 points, up 3,378.3 points from the previous week’s close of 79,664.66 points. The NGX All-Share Index hit a record-breaking 83,191.84 points on Tuesday, January 9, 2024, capping […]

NGX to draw in more investors - CEO
Business

NGX reports first loss of N638bn in new year

The Nigerian Exchange Limited’s market capitalization fell for the first time in the new year. The market’s eight-day surge came to an end on Wednesday, when the market cap fell by around N638 billion to close at N44.885 trillion. This comes just one day after the market cap surpassed N45 trillion. Although the All-Share Index, […]

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