Stock Market – Page 6 – City Business News

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 16, 2021 No Responses

NGX Group Listing Lifts Market Capitalisation By N192b

The Nigerian Exchange Group (NGX Group) listing on Friday lifted the market capitalisation of Nigerian Exchange Ltd (NGX) by N192 billion. The News Agency of Nigeria (NAN) reports that NGX Group listed a total of 1.96 billion shares at N16.15...

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...

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 23, 2021 No Responses

Cryptocurrencies In Circulation Exceed 5,000 In 12 Months

The cryptocurrency sector is still growing, attracting more investors aiming to leverage various benefits of the industry. Additionally, the number of new cryptocurrencies joining the market is also accelerating as creators seek to leverage t...

September 10, 2021 No Responses

Oscar Onyema, Nine Others Join WFE Board

The World Federation of Exchanges (WFE) on Thursday elected ten Directors of the Board, including a new Chairman, Vice Chairman and Working Committee Chairman at the 60th General Assembly. Elected Board of Directors, according to a st...

September 6, 2021 No Responses

SEC To Reduce Cost, Assures Of Profitability In Two Years

The Securities and Exchange Commission has unveiled plans to reduce its operating costs in order to boost profitability within the next two years.The Director-General, SEC, Mr Lamido Yuguda who said this in Abuja, also noted that the Commission has been...

September 5, 2021 No Responses

China To Open Third Stock Exchange

China has announced plans to set up a third stock exchange to serve small and medium-sized businesses. President Xi Jinping said the new share market will be in the capital Beijing, during a speech to the International Fair for Trade...

August 9, 2021 No Responses

Virgin Atlantic Considers Stock Market Listing

Sir Richard Branson’s Virgin Atlantic is exploring a possible listing on the London stock market to raise money to repair the airline’s finances. The move could see shares offered to private investors as well as big City firms, but mean...

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...

August 5, 2021 No Responses

SEC: Securities Issuers Forum will aid market Development

The Director-General, Securities and Exchange Commission (SEC), Mr Lamido Yuguda, has expressed optimism that the Securities Issuers Forum (SIF) will aid the development of the capital market and the economy. Yuguda made the assertion in his opening address ...

July 2, 2021 No Responses

Coronation MB Lists N25B Bond On NGX

Coronation Merchant Bank Funding SPV Plc listed its Twenty-Five Billion Naira (N25Bn) Bond on Nigerian Exchange (NGX) Limited on Wednesday, 30 June 2021. The 5-year 6.25% Series one (1) Fixed Rate Subordinated Unsecured Bonds due 2025 is under Coronation...

June 28, 2021 No Responses

MasterCard Index Predicts 81% SMEs Growth In Africa, Middle East

MasterCard on Sunday announced that its latest research shows that Small and Medium Enterprise (SME) confidence in Middle East, North Africa (MENA) is on the rise. It said the rise was after facing unprecedented changes in the wake of the...

June 27, 2021 No Responses

FG Commends NGX On Capital Market Development

The Federal Government has commended the Nigerian Exchange (NGX) Limited for its efforts in ensuring that the Nigerian capital market (NCM) is deepened. The Minister of Finance, Budget and National Planning, Dr. Zainab Ahmed, made the commendation ...