Capital Market Archives — Page 29 of 62

August 19, 2021 No Responses

SEC Seeks Collaboration On Dispute Resolution In Capital Market

The Securities and Exchange Commission has expressed its readiness to collaborate with relevant Alternative Dispute Resolution professionals as a means to ensuring effective dispute resolution in the capital market. Director-General of the SEC, Mr. Lamido Yuguda said this is key...

August 14, 2021 No Responses

SEC Partners SON, Others On Commodities Trading Standards, To Clampdown On Illegal Capital Market Operators

As part of measures to ensure standards for commodities trading in Nigeria, the Securities and Exchange Commission (SEC) has inaugurated a committee on agro-based standards. Speaking at the second post-Capital Market Committee (CMC) virtual...

August 14, 2021 No Responses

Unclaimed Dividends Hit N170b

The Securities and Exchange Commission (SEC) on Friday said the total unclaimed dividends in the Nigerian capital market stood at N170 billion as of December 2020. The Director-General, SEC, Mr Lamido Yuguda, said this at the second post-Capital Market C...

August 13, 2021 No Responses

Bankers Plan Digital Process For Forex Sales

The Bankers’ committee has concluded plans to digitise sales of Foreign Exchange (Forex) across the country. According to a member of the Bankers’ Committee Group, Mr. Segun Agbaje, who is the chief executive officer of Guaranty Trust Hold...

August 13, 2021 No Responses

Honey Well Flour, Wema Bank Top Gainers’ Table As Market Capitalisation Recovers N21b

Transactions on the Nigerian Exchange (NGX) gained momentum on Thursday as the volume of shares traded increased by 214.29 percent with the index appreciating by 0.11 percent. At the end of the day’s transactions, investors traded...

August 11, 2021 No Responses

Airtel Africa, Unity Bank Top Gainers’ Chart As NGX Gains N318b

The Nigerian Exchange (NGX) on Tuesday gained N317billion due to buying investors interest in 21 stocks. At the end of the day’s transactions, the market capitalisation rose by N317 billion to close at N20.411 trillion against N20.094 trillion re...

August 11, 2021 No Responses

Markets Remain Cautious Amid Delta Fears

By Lukman Otunuga, Senior Research Analyst at FXTM — It may be a relatively quiet week for Nigerian markets due to the absence of Tier 1 economic reports. Nevertheless, the developments outside of Nigeria could impact sentiment ahead of the...

August 7, 2021 No Responses

Onyema: Demutualisation Will Reduce Conflict Of Interests

The Group Chief Executive Officer, Nigeria Exchange Group Plc, Mr Oscar Onyema, has said demutualisation will reduce conflict of interests in the shareholder-owned entity and support agile decision-making. Onyema said this at the Association of Capital M...

August 5, 2021 No Responses

SEC: Securities Issuers Forum will aid market Development

The Director-General, Securities and Exchange Commission (SEC), Mr Lamido Yuguda, has expressed optimism that the Securities Issuers Forum (SIF) will aid the development of the capital market and the economy. Yuguda made the assertion in his opening address ...

August 2, 2021 No Responses

Dangote Cement Declares N191.6b Profit In Six Months

The Dangote Cement, has posted a Profit After Tax (PAT) of N191.6 billion, after a tax charge of N89.6 billion in its unaudited results for the half-year ending on June 30. In a statement on Sunday, the Group Managing Director, Mr...

August 2, 2021 No Responses

Half-Year: Seplat Posts $308.8 m Revenue, Declares 2.5 Cents Per Share Interim Dividend

Seplat Energy Plc recorded an impressive half year (H1) 2021 scorecard with profit before deferred tax (PBT) of $62.1million, representing an increase of 142.7percent as against H1’20. Highlights of the company’s financial further show that revenu...

July 4, 2021 No Responses

SEC Nigeria Issues Interoperability Framework Among CSDs

As part of measures to enhance the efficiency of trading and settlement functions as well as align the market with international best practices,the Securities and Exchange Commission (SEC) has issued an Interoperability/Financial Markets Infrastructure Link Fr...

July 2, 2021 No Responses

Coronation MB Lists N25B Bond On NGX

Coronation Merchant Bank Funding SPV Plc listed its Twenty-Five Billion Naira (N25Bn) Bond on Nigerian Exchange (NGX) Limited on Wednesday, 30 June 2021. The 5-year 6.25% Series one (1) Fixed Rate Subordinated Unsecured Bonds due 2025 is under Coronation...

June 28, 2021 No Responses

MasterCard Index Predicts 81% SMEs Growth In Africa, Middle East

MasterCard on Sunday announced that its latest research shows that Small and Medium Enterprise (SME) confidence in Middle East, North Africa (MENA) is on the rise. It said the rise was after facing unprecedented changes in the wake of the...