Tag: NGX

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 […]

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 […]