NGX Archives — Page 4 of 11 — City Business News

September 2, 2023 No Responses

Unclaimed Dividends: NGX Seeks More Awareness, Financial Literacy

Nigerian Exchange Limited (NGX) has said that a mix of financial literacy and awareness can help to reduce the growing number of unclaimed dividends in the capital market. This is coming after efforts by the Securities and Exchange Commission (SEC) to tackle...

September 2, 2023 No Responses

GTCO Explains 2023 Half-Year Results

For the period ended June 30, 2023, Guaranty Trust Holding Company (GTCO) Plc has released its audited consolidated and separate financial statements to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). Within the period, the group r...

September 1, 2023 No Responses

NGX To Partner LCCI On Private Sector Advocacy, Listings

Nigerian Exchange Limited (NGX) has expressed its eagerness to collaborate with the Lagos Chamber of Commerce and Industry (LCCI) in advancing advocacy efforts, encouraging listings, and enhancing capacity development for both chamber members and the broader e...

August 15, 2023 No Responses

NGX, CIS, ASHON Partner MOFI On Market Development, Listings

Nigerian Exchange Limited (NGX), Chartered Institute of Stockbrokers and the Association of Securities Dealing Houses of Nigeria (ASHON), have demonstrated their willingness to collaborate with the Federal Government through the Ministry of Finance Incorporate...

August 15, 2023 No Responses

CBN: New FX Policy Will Lead To Losses For Speculators

The acting Governor of the Central Bank of Nigeria (CBN) Fola Shonubi, on Monday warned speculators of potential losses as they implement a new policy to stabilize the exchange rate regime. Shonubi explained that the CBN has come up with...

August 11, 2023 No Responses

NGX Partners CSCS, Euroclear On Dollar Settlement Platform For Fintechs

Nigerian Exchange Limited (NGX) has disclosed that it is working with the Central Securities Clearing System (CSCS) Plc and Euroclear to create a dollar settlement platform that will enable tech startups to raise in dollars. The Exchange stated that this...

August 6, 2023 No Responses

SEC, PENCOM, NGX To Host Webinar On Securities Lending

In line with its commitment to enhance investor participation in the Nigerian capital market, boost secondary market liquidity, and facilitate savings mobilization to drive economic growth, Nigerian Exchange Limited (NGX) in collaboration with the Securities a...

August 4, 2023 No Responses

DMO Lists N130b Sukuk On NGX, FMDQ

The Debt Management Office (DMO) has listed the N130 billion Sovereign Sukuk on the Nigerian Exchange Group (NGX) and the FMDQ Securities and Exchange. A statement issued by DMO explained that the instrument was opened for subscription in November 2022,...

August 1, 2023 No Responses

NGX Market Capitalisation Up By N1.8trillion In July

Transactions at Nigerian Exchange Limited (NGX) closed the month of July 2023 on a positive note as earnings and dividend declaration from quoted companies helped NGX market cap gain N1.814 trillion. The gain was also supported by insider dealings among...

July 26, 2023 No Responses

NGX Group Declares Interim Dividend

Following the emergency meeting of the Board of Directors on Tuesday, 25 July 2023, Nigerian Exchange Group Plc (NGX Group) has announced an interim dividend of 25 kobo per ordinary share of 50 kobo each, distributable to shareholders for the...

July 22, 2023 No Responses

NGX Reclassifies Fidelity Bank As Medium Price Stock

Nigerian Exchange Limited (NGX) has announced the reclassification of Fidelity Bank Plc from Small price stock to Medium price stock. NGX in a statement explained that Rule 15.29 of the Rulebook of The Exchange, 2015 (Dealing Members’ Rules) notes that...

July 10, 2023 No Responses

All Set For NGX Group 62nd AGM

Nigerian Exchange Group Plc (NGX Group) is set to hold its 62nd Annual General Meeting (AGM) on Friday, 14 July 2023, at 11:00 a.m. The AGM, which is in accordance to the provisions of Section 235 of the Companies and Allied Matters...

July 5, 2023 No Responses

Coronation Insurance To Delist From NGX

Coronation Insurance Plc has announced plans to delist from NGX following an offer from Coronation Capital (Mauritius) Limited to acquire shares of the company at 65kobo per share. In a Proposed Share Acquisition notice to the Nigerian Exchange Limited ...

July 4, 2023 No Responses

Ecobank Nigeria Gets IFC/NGX Award For Promoting Gender Balance

Ecobank Nigeria limited has been recognized as one of Nigeria’s key private sector players promoting gender balance and equality in the workplace at the Nigeria2Equal Gender Leader awards organized by International Finance Corporation (IFC) and Nigerian Exch...