Investors Gain N9b On NGX 

Investors Gain N9b On NGX 

The Nigerian Exchange (NGX) on Wednesday recorded N9 billion gain due to price appreciation in Dangote Cement and some tier-one banking stocks.  The primary drivers of the market were Dangote Cement, Guaranty Trust Holding Company (GTCO), Zenith Bank and United...
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Agusto Upgrades EDC Nigeria Money Market Fund Rating

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...
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Conoil Shareholders Get N1.7b Dividend For 2021  

Conoil Shareholders Get N1.7b Dividend For 2021  

Shareholders of Conoil Plc, at the weekend, unanimously approved the proposed final dividend payout of N1.734 billion, which translates to N2.50 per share, for the 2021 financial year.   The dividend payment ratified at the company’s 52nd Annual General...
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Q3:GTCO Declares N169.7b Profit

Q3:GTCO Declares N169.7b Profit

Guaranty Trust Holding Company Plc (GTCO) on Wednesday released its unaudited consolidated and separate financial statements for the period ended Sept. 30, to the Nigerian Exchange Ltd. (NGX) and London Stock Exchange (LSE).  The Group reported profit bef...
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NGX Group Appoints Umaru Kwairanga New Chairman

NGX Group Appoints Umaru Kwairanga New Chairman

The Board of the Nigerian Exchange Group (NGX Group) has appointed Dr Umaru Kwairanga as its new Chairman.  The group, in a statement on Thursday in Lagos, said that Kwairanga’s appointment was approved at a meeting on Wednesday.  Prior to...
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NGX Group’s Shareholders Re-Elect Non-Executive Directors

NGX Group’s Shareholders Re-Elect Non-Executive Directors

Shareholders of Nigerian Exchange Group Plc (NGX Group) on Friday approved resolutions by the company’s Board of Directors to re-elect Mr Apollos Ikpobe and Dr Okechukwu Itanyi as non-executive directors.  They both retired by rotation before their re-e...
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Chams, Ardova, Top Gainers‘ Table As NGX Rebounds With N14b 

Chams, Ardova, Top Gainers‘ Table As NGX Rebounds With N14b 

The Nigerian Exchange (NGX) on Wednesday gained N14 billion as market capitalisation closed at N26.531 trillion from N26.517 trillion recorded on Tuesday.  Also, the All Share Index (ASI) increased marginally by 10.25 basis points or 0.02 per cent gain to...
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Stock Market Loses N13b In Bearish Trading

Stock Market Loses N13b In Bearish Trading

Trading on the nation’s bourse again ended negative on Wednesday as market capitalisation lost N13 billion or 0.05 per cent to close at N26.657 trillion against N26.670 trillion on Tuesday.  Also, the All-Share Index lost 23.40 points or 0.05 per...
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Selloffs Persist As Equity Market Drops N19b

Selloffs Persist As Equity Market Drops N19b

Profit-taking continued on Thursday as the market capitalisation of the Nigerian Exchange Ltd. (NGX) lost N19 billion to close at N26.721 trillion as against N26.740 trillion the previous day.  The All Share Index (ASI) also decreased by 35.45 points or.....
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Fidelity Bank Explains N21.6b Profit, 10k Interim Dividend In H1

Fidelity Bank Explains N21.6b Profit, 10k Interim Dividend In H1

Fidelity Bank Plc has released its H1 2022 results recording 21.6% growth in profit to N21.6bn as well as growth in most key ratios.    According to the report released on the Nigerian Exchange (NGX) on Tuesday, 30 August 2022, the...
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Stock Market Recovers N65b 

Stock Market Recovers N65b 

Trading activities on the Nigerian Exchange Ltd., (NGX) closed on a positive note on Wednesday, with indices growing by 0.22 per cent following gains by BUA Cement, Nestle  and Stanbic Bank  Specifically, the market capitalisation gained N65 bil...
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NGX Suspends Ardova, Niger Insurance, C&I Leasing, Others

NGX Suspends Ardova, Niger Insurance, C&I Leasing, Others

The Nigerian Exchange Limited (NGX) has suspended nine companies, effective Friday, 1 July 2022,  having failed to file their Audited Financial Statements for the year ended 31 December 2021. The companies according to a statement from the NGX include Afr...
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Stock Market Rebounds, Capitalisation Increases By N180b

Stock Market Rebounds, Capitalisation Increases By N180b

The market capitalisation of the Nigerian Exchange (NGX) closed trading on Tuesday with a gain of N180 billion to close at N27.544 trillion against N27.364 trillion posted on Wednesday, halting five days of consecutive losses.  Similarly, the All-Share In...
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NGX Implores Firms On Sustainable Business Practices

NGX Implores Firms On Sustainable Business Practices

Chief Executive Officer of Nigerian Exchange (NGX), Mr Temi Popoola, has called on organisations to adopt sustainable business practices and report sustainability performance to stakeholders.  Popoola made this call while speaking at the Digital Closing G...
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