Stock Exchange Archives — City Business News

September 5, 2023 No Responses

NGX Sustains Growth, Index Surpasses 68,000 Mark With 33 Per Cent

The Nigerian Exchange Limited (NGX) has achieved a significant milestone as its All-Share Index (ASI) surged to an unprecedented level of 68,279.14, marking a 1.11% increase. This achievement surpasses the previous record of 66,371.20 points set on March 5, 20...

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...

July 29, 2023 No Responses

Seplat Energy Declares N278.3b Revenue In Six Months

Seplat Energy Plc, listed on the Nigerian Exchange Limited and the London Stock Exchange, has announced its unaudited results for the six months ended 30 June 2023, recording a rise in revenue by 3.8 per cent to N278.3billion from N219...

June 23, 2023 No Responses

FRC, ISSB, NGX RegCo, To Unveil IFRS 1, IFRS 2

To provide full information, support investor decision-making and facilitate international comparability to attract capital, the Financial Reporting Council (FRC) of Nigeria and NGX Regulation Limited (NGX RegCo) is set to organize and host the launch of the f...

May 4, 2023 No Responses

WFE Create New Certification For Market Infrastructure

The World Federation of Exchanges (WFE) has announced the creation of a new Market Infrastructure Certificate (MIC) programme, the first of its kind, which is aimed at educating the next generation of financial services leaders globally.City Business News repo...

February 24, 2023 No Responses

Banking Stocks Lift Market Capitalisation By N180b

The equity market on the Nigerian Exchange Ltd. (NGX) gained further on Thursday as it recorded N180 billion gains, following investors interest in Tier-one banking stocks. The market capitalisation gained N180 billion or 0.61 per cent to close at N29.76...

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 24, 2023 No Responses

Stockbrokers Project Nigeria’s Economic Growth In 2023

Stockbrokers have assured the investing public that the economy has strong potential to bounce back this year. They said this at an event organised by Chartered Institute of Stockbrokers (CIS) on “The Nigerian Economic Review of 2022 and Outlook ...

January 21, 2023 No Responses

Stock Market Closes Week On Negative Note

The local bourse ended the last trading of the week on a negative note as the performance indices declined by 0.06 per cent. Specifically, the market capitalisation dropped by N18 billion or 0.06 per cent to close at N28.646 trillion as...

January 13, 2023 No Responses

Bermuda Stock Exchange To Host WFE Annual Meeting In 2023

The World Federation of Exchanges (WFE) has announced Bermuda Stock Exchange (BSX) as host of the industry’s General Assembly & Annual Meeting in 2023. A statement sent to City Business News explained that the meeting, now in its 62...

January 11, 2023 No Responses

Naira Gains by 0.04% At Investors, Exporters Window

The naira on Tuesday exchanged at 461.50 to the dollar at the Investors and Exporters window. The figure represented an appreciation by 0.04 per cent compared with the 461.67 it exchanged on Monday. The open indicative rate closed at N460.25...

January 5, 2023 No Responses

Stock Market Extends Gain By 0.12%

The Nigerian Exchange (NGX) on Wednesday gained N34 billion as market capitalisation closed at N28.136 trillion from N28.102 trillion recorded on Tuesday. Also, the All-Share Index (ASI) increased marginally by 61.9 basis points or 0.12 percent to close ...

November 10, 2022 No Responses

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 Unit...