Tag: NGX

Business

Equity market retail participation hits 35% in September – NGX

The Nigerian Exchange Limited has stated that as of September 2023, retail involvement in equities markets has risen from 28% in 2022 to 35%. This was stated by the Executive Director of NGX Capital Markets, at the virtual NGX RegCo Retail Investor Workshop, which had as its theme “Expanding Reach for More Impact: Deepening Financial Inclusion in the Retail Investor.” […]

MeCure Industries lists on NGX
Business

MeCure Industries lists on NGX

MeCure Industries Plc listed on the Nigerian Exchange Limited and has revealed plans to raise capital through an Initial Public Offering. The Punch revealed that this was said during the Facts Behind the Listing presentation on Wednesday at the NGX. The Senior Vice President and Chief Financial Officer, Ifedamola Oluwasegun, stated, “Today, we are listing by introduction, […]

FBNH, GTCO join NGX banking index
Business

NGX begins Nov positive as ASI crosses 70,000 mark

The All-Share Index closed at 70,581.76 points, marking the first time in history that it has crossed the 70,000 barrier, as NGX extended its bullish run during a highly good trading day. The Times reported that the market capitalization increased by N739 billion to settle at N38.778 trillion, generating a 1.94% gain for the equity market. […]

FBNH, GTCO join NGX banking index
Business

NGX Group grows profits by 606% to N1.22bn

The Nigerian Exchange Group’s earnings after tax increased by 606.2% to N1.22 billion at the end of the third quarter, compared to N172.7 million at the same time in 2022. The Punch reported that the group, which included Nigerian Exchange Limited, Nigerian Exchange Regulations, and NGX Real Estate, disclosed its unaudited results for the nine months […]

NGX Group reports N5.2bn after tax
featured

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 […]