Stock Exchange Archives — Page 3 of 12

January 8, 2022 No Responses

NGX Sustains Growth By N130b On BUA Foods Rally

The bulls sustained trading on the nation’s bourse on Friday with the market capitalisation extending growth by N130 billion. Specifically, the market capitalisation which opened at N23.497 trillion rose by N130 billion to close at N23.627 trillion. Also, the All-Share...

January 4, 2022 No Responses

SEC Implores Fund Managers On Regulatory Fees Payment

The Securities and Exchange Commission has reminded all fund managers that payment of the annual supervisory fee to the Commission becomes due from the 1st January 2022 and full payment must be made on or before 31st January 2022. &nb...

January 1, 2022 No Responses

NGX Closes 2021 Last Trading Day With N471b Gain

The nation’s bourse rebounded on Friday to close the last trading day of 2021 with a growth of N471 billion due to gains posted by some blue chips. Speficially, the market capitalisation inched higher by N471 billion or 2.16 per...

December 1, 2021 No Responses

Osinbajo Harps On Capital Market Innovations Through Technology

Nigeria is in a better position to advance its capital market locally and globally through technology and young people. This was the view expressed by Vice President Yemi Osinbajo, SAN, in his keynote speech on Tuesday in Abuja at first Capital Market ...

November 28, 2021 No Responses

SEC Warns Quoted Firms To Desist From Selective Dividend Payments

The Director-General, Securities and Exchange Commission (SEC) has warned quoted companies and capital market registrars to desist from selective payments and distribution of dividends. Yuguda stated this in his keynote address on Saturday at the Insti...

November 18, 2021 No Responses

NGX Outlines Benefits Of Special Purpose Acquisition Firms

The Nigerian Exchange Ltd (NGX) has identified the Special Acquisition Compaines (SPACs) as a timely solution that will offer an alternative route to increasing the number of listings in the capital market. The Head, Listing Business of the NGX, Mr...

October 26, 2021 No Responses

Q3: Nestle Nigeria Attains N33.58b Profit, To Pay 25k Interim Dividend

By ebosele@hotmail.com — For the third quarter ended September 30, 2021, Nestlé Nigeria Plc attained profit after tax (PAT) of N33.58 billion from N31.93 billion in the same period of 2020, representing a five percent increase. The company’s revenu...

October 19, 2021 No Responses

NGX Opens Week With N153b Loss On MTNN, Nestle Loses

Trading in the domestic bourse resumed for the week on Monday with bearish sentiments due to profit-taking in bellwether stocks – MTNN and Nestle. Specifically, the market capitalisation lost N153 billion or 0.71 percent to close at N21.471 trillion from.....

October 15, 2021 No Responses

Oscar Onyema Resigns From NGX Board

By Moses Ebosele, ebosele@hotmail.com — The Nigerian Exchange Limited (NGX) has announced the resignation of Mr. Oscar N. Onyema, OON, as Non-Executive Director, with immediate effect. A statement sent to City Business News by Acting Head, Corpo...

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...

October 9, 2021 No Responses

NGX Market Capitalisation Extends Rally By N20b

The nation’s bourse maintained positive trading on Friday, extending the gaining streak by 0.10 percent. Specifically, the market capitalisation which opened at N21.275 trillion increased by N20 billion or 0.10 percent to close at N21.295 trillion. Also,...

October 8, 2021 No Responses

NGX Implores Investors On Long-Term Investments

The Nigerian Exchange (NGX) Limited has advised investors to consider long-term investments, for maximum returns from those on listed companies. The Head, Market Surveillance/Investigation, NGX Regulation, Mr Abimbola Babalola, gave the advice at a virtu...

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...

September 20, 2021 No Responses

SEC Commences 100% Custody Requirement In CIS

As part of measures to protect investors, the Securities and Exchange Commission (SEC) has commenced implementation of 100 percent custody requirement in the Collective Investment Schemes (CIS) sector In a statement on Sunday, the Director-General, Lami...