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JenneteUgo Anya
- July 29, 2024
SEC Approves NGX Impact Board To Enhance Sustainability
The Securities and Exchange Commission (SEC) has granted approval to the Nigerian Exchange Limited (NGX) to launch its Impact Board, a specialised platform aimed at enhancing the listing and visibility of sustainability-focused financial instruments. The announcement was made during a Closing Gong Ceremony held at the NGX headquarters in Lagos on July 27, 2024. The […]
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- July 29, 2024
Investors Lose N1.1trn As Nigerian Equities Market Declines
The Nigerian equities market experienced a significant downturn recently, with investors losing N1.1 trillion by the close of trading. The dip was driven by declines in the share prices of several key stocks, including ETERNA, Dangote Cement, and DAAR Communications. The equity capitalisation fell to N55.6 trillion, a decrease from the N56.7 trillion recorded. The […]
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- July 26, 2024
Stock Market Hits New Low Amid Persistent Sell-Side Pressure On NGX
The Nigerian equities market continued its decline on Thursday, September 25, 2024 with the market shedding N118 billion, equivalent to a 0.21 percent decrease, as sell-side pressure persisted. The downturn was influenced by investor reactions to the half-year (H1) financial results of companies and the recent hike in the benchmark interest rate, which has made […]
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- July 26, 2024
Manufacturers Lose N1.7trn To Forex Crisis, Says FIRS
The Federal Inland Revenue Service (FIRS) has reported that Nigerian manufacturing companies lost around N1.7 trillion last year due to a severe foreign exchange (forex) crisis, causing many to halt operations. Chairman of the FIRS, Mr. Zacch Adedeji, disclosed this information during a recent meeting with the Senate Committee on Finance at the National Assembly […]
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- July 26, 2024
SEC Launches Initiative To Tackle Unclaimed Dividends
The Securities and Exchange Commission (SEC) has announced a new identity management initiative aimed at addressing the issue of unclaimed dividends in Nigeria. This initiative was unveiled during a recent workshop on Identity Management for the capital market, held in Lagos. Director- General (DG) of the SEC, Mr. Emomotimi Agama, emphasised the importance of the […]
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- July 26, 2024
NGX Delists 14 Companies For Listing Non-compliance
The Nigerian Exchange Limited (NGX) has delisted 14 companies from its platform due to non-compliance with listing standards. The affected companies, including Goldlink Insurance Plc, Medview Airline Plc, and STACO Insurance Plc, failed to submit their 2023 financial year results, among other regulatory deficiencies. According to a statement by Mr. Godstime Iwenekhai, Head of the […]
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- July 25, 2024
Zenith Bank Seeks NGX’s Approval To List 5.23bn Shares
Zenith Bank Plc has officially approached the Nigerian Exchange Limited (NGX) to secure approval for the listing of 5,232,748,964 new ordinary shares at a price of N36.00 per share. This strategic move aims to raise approximately N188.378 billion via a rights issue, offering existing shareholders one new share for every six held as of the […]
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- July 25, 2024
Call For Applications: Agri-SME Program Seed Lab For Africans
The Seed Lab, a key initiative under the African Development Bank (AfDB)’s Agri-Food small and medium-sized enterprise (SME) Catalytic Financing Mechanism (ACFM), is now accepting applications. This program, delivered through Open Capital’s Agri-SME Support Program, is designed to empower agri- small and medium-sized enterprises (SMEs) with the skills and knowledge needed for sustainable growth and […]
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- July 25, 2024
Innovate Africa Offers $2.5m Funding For Early-Stage Startups
Are you an entrepreneur with a groundbreaking idea ready to tackle complex issues in Africa? The Innovate Africa Fund is now accepting applications for its initial $2.5 million funding rollout, targeting early-stage founders with life-changing ideas. This angel investment fund is designed to take startups from conception to product, providing crucial support for innovative ventures […]
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- July 24, 2024
FG Injects N1trn Into Manufacturing Sector
In a significant move to rejuvenate the manufacturing sector, the Federal Government of Nigeria has infused N1 trillion in palliatives over the past year. This announcement was made by Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, during a recent public hearing on the Finance Act (Amendment) Bill 2024, organised […]
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