Exchange Archives — City Business News

March 29, 2025 No Responses

MRS Oil Exits NGX

MRS Oil has concluded arrangements for the voluntary delisting of all its issued shares from the Nigerian Exchange Ltd. (NGX) and subsequent admission to the NASD OTC Securities Exchange.In a corporate disclosure on Friday through the Nigerian Exchange, the co...

July 8, 2024 No Responses

Access Holdings Secures Approval For N351b Rights Issue

Access Holdings Plc has received approval from the Securities and Exchange Commission (SEC) for the commencement of its N351 billion Rights Issue. A statement issued on Sunday explained that the approval marks a significant milestone in the Group’s previousl...

June 20, 2024 No Responses

EnjoyCorp Acquires Champion Breweries

EnjoyCorp Limited has successfully completed the acquisition of 86.5 per cent stake in Champion Breweries plc, a prominent figure in the regional brewing industry. EnjoyCorp acquired 100 per cent shareholding in The Raysun Nigeria Limited, which i...

April 3, 2024 No Responses

Transactions On NGX Decline By N25b

The value of transactions on the Nigerian Exchange (NGX) dropped by 13.81 per cent on Tuesday after two days of Easter break. Consequently, the market capitalisation shed N25 billion or 0.04 per cent to close at N59.095 trillion, as against...

October 6, 2023 No Responses

Exchanges Ring The Bell Globally To Support Investor Education, Protection

The World Federation of Exchanges (WFE) is organising the annual Ring the Bell for Financial Literacy, to promote awareness of the role and importance of investor education and protection – both fundamental priorities for regulated public markets. A glo...

August 10, 2023 No Responses

SEC, PENCOM, NGX Reiterate Commitment To Deepening Securities Lending

With the aim of enhancing investor participation and securities lending transactions in the Nigerian capital market, the Securities and Exchange Commission (SEC), National Pension Commission (PENCOM) and Nigerian Exchange Limited (NGX) have reaffirmed their co...

March 29, 2023 No Responses

Stock Market Investors Lose N341b

The Nigerian Exchange Ltd. (NGX) on Tuesday witnessed further drop in market indices by 1.2 per cent, amid sustained negative investment sentiments. Specifically, the NGX All-Share Index dropped 626.14 points or 1.2 per cent to close at 53,124.63 compared with...

March 1, 2023 No Responses

NGX, PAPSS Sign MoU On Cross-Border Payments

Nigerian Exchange (NGX) and Pan African Payments Settlement System (PAPSS) on Tuesday signed a Memorandum of Understanding (MoU), to integrate the payments system that would boost cross-border securities transactions across African capital markets. Mr Temi Pop...

February 8, 2022 No Responses

GTCO Acquires Wealth Management Firm

Guaranty Trust Holding Company Plc (GTCO Plc) has acquired 100 per cent shares in Investment One Funds Management Limited, a wealth management company. GTCO in a notice signed by Erhi Obebeduo and sent to the Nigerian Exchange Limited on Monday,...

November 16, 2021 No Responses

Seplat Confirms Exchange Rate To Determine Interim Dividend For Q3

Seplat Energy Plc has confirmed the currency exchange rates to be applied in determining the interim dividend for the third quarter of 2021. The Company’s Chief Financial Officer, Mr Emeka Onwuka, disclosed this in a notice sent to the Nigerian...

October 8, 2021 No Responses

FBN Drives Trading On NGX, Exchanges 605.01m Shares

FBN Holdings Plc (FBNH) emerged the most traded stock by volume on the Nigerian Exchange Ltd on Thursday. Specifically, the company accounted for 605.01 million shares worth N8.90 billion. Fidelity Bank followed with 20.59 million shares valued at ...

August 22, 2021 No Responses

FirstBank Boosts SMEs With N500,000

FirstBank of Nigeria on Sunday announced a N500,000 business grant to five Small and Medium Enterprises (SMEs), through its SMEConnect initiative aimed at boosting employment. Group Head, Retail Banking, Lagos Mainland 1, FirstBank, Mrs Oludolapo Adigun, li...

July 13, 2021 No Responses

SEC Nigeria Proposes N10m Registration Fees For Issuing Houses, Others

The Securities and Exchange Commission (SEC) has proposed N10 million registration fee for issuing houses, underwriters and fund managers from the current fee of N500,000. The commission stated this in a document titled, “Exposure of proposed new rule ...