CAPITAL MARKET Buying Interest in MTN Nigeria, 13 Others Lift Stock Market by N24.92bn The Nigeria equities market yesterday sustained prior day’s gains by N24.92 billion, due to buying interest in MTN Nigeria Communications (MTN) and 13 others. At the close of trade, the Nigerian Exchange Limited (NGX) All Share Index (ASI) increased by 47.84…
CAPITAL MAKET FG to auction N150bn bonds in September The Debt Management Office on Tuesday disclosed that the Federal Government would offer N150bn bonds for subscription in September. A circular by the DMO on its website showed that the breakdown of bonds comprised of three bonds worth N50bn each. They are 10-year re-opening bond to…
CAPITAL MARKET Vetiva, CGF Bourse, IC Securities Unveil 17 Stocks on W’Africa Equities Index CGF Bourse, IC Securities and Vetiva Capital have co-created the VCI West African Equity Index, which is intended to serve as an investable benchmark for the performance of equity investments across West Africa. The head of Sub-Saharan Equities Coverage at Vetiva…
CAPITAL MARKET Popoola: Digital Transformation Next Growth Phase for NGX The Chief Executive Officer, Nigerian Exchange (NGX) Limited, Mr. Temi Popoola, CFA, has stated that digital transformation is the next phase of growth for NGX considering its laudable achievements in digitization and digitalization so far. This was expressed at the Nigeria Tech/FinTech Conference hosted by…
CAPITAL MARKET Investors lose N27bn in four days as analysts predict gloomy outlook The bears strengthened their hold on the equities sector of the Nigerian Exchange Limited (NGX), as more blue-chip stocks depreciated in price, causing investors’ fortune to dip further by N27 billion in four trading days. Specifically, the market capitalisation of listed equities…
CAPITAL MARKET NGX open to collaborating with NNPC on financing opportunities’ The Nigerian National Petroleum Corporation (NNPC) has expressed its willingness to collaborate with Nigerian Exchange (NGX) Limited on financing options in the near term. It gave this indication during a courtesy visit of the NGX management to NNPC led by its Chairman, Abubakar Balarabe…
CAPITAL MARKET ASHON restates confidence in NGX Group’s structure The Association of Securities Dealing Houses of Nigeria has restated its confidence in the leadership and structure of the Nigerian Exchange Group Plc as the exchange plans its first annual general meeting after demutualisation. According to a statement from the securities dealers, the Chairman, Chief Onyewenchukwu…
CAPITAL MARKET Profit-taking Persist as Stock Market Commences Week on Negative Note The Nigerian equities market yesterday closed on a negative note, to halt the two consecutive days of positive sentiment trading by investors at the close of business the previous week. At the close of trading yesterday, the Nigerian Exchange Limited (NGX) All-Share Index…
CAPITAL MARKET SEC to interface with ICMR on identity theft, unclaimed dividends The Securities and Exchange Commission (SEC) has disclosed plans to work with the Institute of Capital Market Registrars (ICMR) to resolve issues of identity management and rising unclaimed dividends in the capital market. The Director-General of the SEC, Lamido Yuguda, pointed out that…
CAPITAL MARKET Stock market halts losing streak, investors gain N35bn Investors in the equities market of the Nigerian Exchange Limited gained N35.44bn fueled by buyer interest in large-cap stocks on Thursday after three consecutive days of losses. The NGX All-Share Index rose by 0.17 per cent to 39,252.19 basis points from 39,184.18bps on Wednesday while…