Tag: NGX

Osinbajo Clarifies View On Exchange Rate
October 12, 2021 No Responses

Osinbajo Clarifies View On Exchange Rate

Senior Special Assistant to the President on Media and Publicity,  Office of the Vice President, Laolu Akande, has made clarifications on Vice President Yemi Osinbajo’s view on the naira exchange rate.  Akande, in a statement on Tuesday, explained that the...
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NGX Group Seeks Global Competitiveness
October 12, 2021 No Responses

NGX Group Seeks Global Competitiveness

The Nigerian Exchange Group Plc (NGX Group) says it will leverage organic and inorganic growth opportunities for business expansion across relevant business categories to increase global competitiveness.  The Group Chief Executive Officer, NGX Group, Mr O...
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NGX: Group Protest Onyema’s Appointment, Listing
October 11, 2021 No Responses

NGX: Group Protest Onyema’s Appointment, Listing

Transparency group, Nigeria for All Nigerians (NAN) has called on the concerned regulatory authorities to stop violation of the Nigerian Investments and Securities Act by the impending listing by the introduction of the shares of Nigerian Exchange Group on th...
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FBN Drives Trading On NGX, Exchanges 605.01m Shares
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 ...
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NGX Group To List 1.96b Shares By Introduction
October 7, 2021 No Responses

NGX Group To List 1.96b Shares By Introduction

The Nigerian Exchange Group Plc. (NGX Group) on Thursday confirmed its intention to list on the main board of the Nigerian Exchange Ltd. (NGX).  A statement sent to City Business News explained that the planned listing follows successful completion of...
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NGX Market Indices Extend Gain By 0.12%
October 7, 2021 No Responses

NGX Market Indices Extend Gain By 0.12%

Activities on the domestic equities market closed Wednesday on a positive note, extending the gaining streak to five consecutive trading sessions.  The positive outcome was buoyed by investors’ buy-interests in banking and industrial sectors, with marke...
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NGX Doubles Down On Goal For Financial Inclusion, Empowering Individual Investors
October 1, 2021 No Responses

NGX Doubles Down On Goal For Financial Inclusion, Empowering Individual Investors

By Olumide Bolumole, Divisional Head, Listings Business, Nigerian Exchange Limited  — Nigeria, a country with an adult population of 106 million, offers a vast market for financial services. Despite this it faces the expectation of a 16.8% shortfall i...
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NGX Group Commemorates 60th Anniversary
August 25, 2021 No Responses

NGX Group Commemorates 60th Anniversary

The Nigerian Exchange Group (NGX Group) Plc on Tuesday celebrated 60 years of its operations.  The NGX Group Chairman, Otunba Abimbola Ogunbanjo, in a statement, paid tribute to the original subscribers to the articles of association.  He named them as;....
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Airtel Africa, Unity Bank Top Gainers’ Chart As NGX Gains N318b
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...
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Onyema: Demutualisation Will Reduce Conflict Of Interests
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...
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Dangote Cement Declares N191.6b Profit In Six Months
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...
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Half-Year: Seplat Posts $308.8 m Revenue, Declares 2.5 Cents Per Share Interim Dividend
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...
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CBN To Refund N35m Capital Deposits To Bureaux de Change Applicants
July 30, 2021 No Responses

CBN To Refund N35m Capital Deposits To Bureaux de Change Applicants

The Central Bank of Nigeria (CBN) on Thursday says it will start immediate refund of capital deposit to Bureaux de Change (BDC) promoters with pending applications.  According to a circular signed by Ibrahim Tukur for the Director, Financial Policy and...
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NGX Group Engages Analysts Ahead of Planned Listing
July 8, 2021 No Responses

NGX Group Engages Analysts Ahead of Planned Listing

Ahead of its planned listing by introduction on Nigerian Exchange Limited, NGX Group held an analyst call on Wednesday, 7 July 2021, where the Management of the Group and its entities provided key insights into the setup of the new...
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