Money Market Archives — City Business News

June 27, 2024 No Responses

SEC, NGX Group Reiterate Commitment To Capital Market Digital Transformation

The Securities and Exchange Commission (SEC) and Nigerian Exchange Group Plc (NGX Group) have reaffirmed their dedication to the comprehensive digitisation of the capital market, aligning with the transformation strategy outlined in the revised Capital Market Masterplan. The announcement came...

June 8, 2024 No Responses

NGX Launches New USSD To Enhance Capital Market Access

Nigerian Exchange (NGX) Limited has urged investors to leverage on its new USSD platform for enhanced capital market access. NGX stated this at its Investor Education Series, partnered with Meristem via a zoom meeting held with the theme, ‘Unlocking Po...

March 24, 2024 No Responses

NGX RegCo, Financial Reporting Council, Unveil Report On Adoption Of Sustainability Reporting Standard

The regulating body of the Nigerian Exchange Group, the NGX Regulation Ltd. (NGX RegCo) and Financial Reporting Council of Nigeria (FRCN), at the weekend launched roadmap for the adoption of the Sustainability Financial Reporting Standard in Nigeria. The lunch...

January 5, 2024 No Responses

NGX, PenCom To Deepen PFAs Equity Participation With Pension Broad Index

Nigerian Exchange Limited in collaboration with the National Pension Commission (PenCom) launched the NGX Pension Broad Index (NGXPENBRD) on 15 June 2023, which provides a broader benchmark for equities investment by the pension industry. The NGX Pension...

October 13, 2023 No Responses

CBN Lifts Restriction On 43 Items

The Central Bank of Nigeria (CBN) has restated its commitment to boost liquidity in the Foreign Exchange (FX) market. CBN’s Director, Corporate Communications, Dr Isa AbdulMumin, made this known on Thursday in Marrakech. AbdulMumin also announced that Import...

April 14, 2023 No Responses

Market Capitalisation Drops By N5b

The stock market on the Nigerian Exchange Ltd. on Thursday recorded a bearish tilt as the overall capitalisation dropped by N5 billion. The All Share Index (ASI) decreased by 8.83 points, representing a decline of 0.02 per cent to close...

March 4, 2023 No Responses

Market Capitalisation Down By N77b

Trading activities on the Nigerian Exchange (NGX) on Friday turned bearish as bargain hunting in Seplat and 15 others drove the performance with a loss of N77 billion. In summary, the market capitalisation lost N77 billion, to close at N30.249...

NGX: Ugochi Obi Makes WFE <strong>Women Leaders List For </strong>2023

March 3, 2023 No Responses

NGX: Ugochi Obi Makes WFE Women Leaders List For 2023

By Moses Ebosele, ebosele@hotmail.com — The World Federation of Exchanges (WFE), on Thursday, named the head of X-Academy, Nigerian Exchange (NGX), Ugochi Obi as one of the twenty women leaders for 2023. City Business News reports that the WFE...

February 21, 2023 No Responses

Market Capitalisation Gains N228b

Activities at the equity market of the Nigerian Exchange Ltd.(NGX) on Monday recorded a positive position, gaining N228 billion amid renewed interest in telco heavyweight, Airtel Africa. The market capitalisation which rose by N228 billion, or 0.78...

January 17, 2023 No Responses

Investors Lose N90b In Bearish Trading

Trading activities on the floor of the Nigerian Exchange Ltd. (NGX) closed on a negative note on Monday as market capitalisation was down by N90 billion or 0.31 per cent to close at N28.512 trillion from N28.602 trillion at the...

December 29, 2022 No Responses

NGX Extends Bullish Run, Indices Up 0.46%

The Nigerian Exchange (NGX) on Wednesday extended its bullish trend with market capitalisation rising by N125 billion or 0.46 per cent to close at N27.198 trillion from N27.073 on Friday. Also, the All-Share Index (ASI) gained 228.51 points or 0.46...

November 9, 2022 No Responses

Agusto Upgrades EDC Nigeria Money Market Fund Rating

Pan- African credit rating agency, Agusto & Co has upgraded the rating of EDC Nigeria Money Market Fund (‘EDC MMF’ or ‘the Fund’) to A(f). Funds rated ‘A(f)’ are deemed to have low to moderate exposure to downside risk, impairment...

October 6, 2022 No Responses

NGX Lists Geregu Power On Main Board

The Nigerian Exchange Ltd. (NGX) on Wednesday listed Geregu Power Plc on its main board with 2.5 billion ordinary shares at N100 per share under the utilities sector and electric power generation sub-sector of NGX. The News Agency of Nigeria...

March 28, 2022 No Responses

SEC To Partner ABU On Capital Market Development

The Securities and Exchange Commission (SEC) is set to collaborate with Ahmadu Bello University, Zaria in a bid to further deepen the Nigerian capital market. Director-General of the SEC, Mr. Lamido Yuguda stated this when the Vice-Chancellor of ABU Prof ...