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Tag: Nigerian Exchange

Transcorp top gainers chart as NGX closes at 78,020.54 points
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Nigerian exchange gains N507bn as market capitalization hits N63.56trn

Investors on the Nigerian Exchange gained N507 billion on Wednesday, with market capitalization rising to N63.56 trillion from N63.05 trillion in the previous session. The All-Share Index increased by 831.91 points, or 0.8%, closing at 104,230.73. This marks a 1.27% week-on-week gain, a 6.13% increase over the past four weeks, and a 1.27% rise year-to-date. […]

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

NGX records N502.73bn in transactions for October 2024

The Nigerian Exchange reported a total transaction value of N502.73 billion (approximately $300.05 million) for both domestic and foreign portfolio investments in October 2024. This represents a modest 1.97% increase compared to the N493.01 billion ($307.84 million) recorded in September 2024. Despite a depreciation in the Naira from N1,601.52/$1 in September to N1,675.49/$1 in October, […]

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

NGX lays off 40 staff members

The Nigerian Exchange Group has initiated staff layoffs in the aftermath of its recent Annual General Meeting held in Lagos. Over 40 employees of the NGX Group were reportedly affected by the downsizing, with key personnel within the organization being instructed to step down, Nairametrics reported. Among those affected are regulatory officers, compliance managers, audit […]

Otunba Subomi Balogun.
News

Stakeholders honour FCMB founder with ‘mock trading session’

Chartered Institute of Stockbrokers, Nigerian Exchange Limited, and other market participants organized a simulated trading session and closing gong ceremony on Monday, in memory of the founder of FCMB Group, the late Otunba Subomi Balogun. According to the chief executive officer of NGX,  Mr. Temi Popoola, who spoke during the ceremony, said that “We are here to […]

BREAKING: Nigeria exchange rate plunges 29% in one day
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Nigeria exchange rate plunges 29% in one day

The official exchange rate between the Nigerian naira and the US dollar concluded at N664.04/$1 at the investor and exporter window, signifying a significant devaluation of 29% in a single day. This adjustment comes after the Central Bank of Nigeria allowed commercial banks and dealers to sell forex at market-determined rates, in line with President […]

SEC confident PAPSS'll boost trading opportunities in Africa
Business

SEC confident PAPSS’ll boost trading opportunities in Africa

The  Securities and Exchange Commission has said that the Pan-African Payment Settlement System would promote intra-African commerce and aid in the diversification of the capital market. According to Nairametrics, the head of the SEC’s Office of the Chief Economist, Dr. Okey Umeano, said this in an interview. A Memorandum of Understanding was recently signed between the Nigerian Exchange and the […]

Stock market
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Nigerian Stock Exchange records 1.51% growth

The Nigerian equity market ended the week on a high note, with the All-Share Index rising by 1.51% for the week ending December 9th, 2022. This comes on the heels of a 1.26% increase the previous week. This is according to the information contained in the Nigerian Exchange Group’s weekly stock market report. The benchmark […]

Banking Economy

51 firms drive stock market gain by N500bn

Investors gained N500bn at the end of trading on the floor of the Nigerian Exchange Limited last week. The market opened for four trading days last week as the Federal Government of Nigeria declared Friday (Good Friday) and Monday (Easter Monday) public holidays to commemorate the 2022 Easter celebrations. The NGX All-Share Index and market […]