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Jennete Ugo Anya
- January 8, 2025
NGX Unveils Equity-based Commodity Index
The Nigerian Exchange Limited (NGX) has unveiled an Equity-Based Commodity Index aimed at tracking the performance of companies operating in energy, agriculture, mining, metals, and natural resources sectors. This new index, debuting with an initial value of 1,000, includes key players such as Geregu Power Plc, Multiverse Mining and Exploration Plc, Okomu Oil Palm Plc, […]
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- January 6, 2025
Oando Plc Appoints Mr. Ademola Akinrele As Chairman Of Board of Directors
Oando Plc has appointed Mr. Ademola Akinrele as the new Chairman of its Board of Directors, effective immediately after the conclusion of the Annual General Meeting (AGM) held on December 17, 2024. This appointment follows the resignation of His Royal Majesty, Oba Adedotun Gbadebo, who officially stepped down after serving on the Board for over […]
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- January 6, 2025
Long-Term Funding Drives ₦5.1trn In New Listings On NGX
The pursuit of long-term funding fuelled the listing of three major companies—Transcorp Power Plc, Aradel Holdings Plc, and Haldane McCall Plc—on the Nigerian Exchange (NGX) in 2024, contributing a combined ₦5.1 trillion to the market’s capitalisation. This influx has significantly deepened the equities market and enhanced investor confidence. Transcorp Power Plc, a subsidiary of Transnational […]
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- January 6, 2025
SEC DG Vows Stricter Clampdown On Ponzi Schemes In 2025
The Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has reaffirmed the regulator’s commitment to intensifying efforts against investment fraud, commonly known as Ponzi schemes, in 2025. In his recent New Year message to the capital market community, Dr. Agama highlighted plans to revamp regulatory frameworks to enhance detection, prevention, and accountability […]
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- January 6, 2025
Nigerian Box Office Records 60% Growth, Hits ₦11.5bn In 2024
The Nigerian film industry has achieved remarkable growth, with the box office recording a significant 60 percent increase in revenue in 2024. According to the Cinema Exhibitors Association of Nigeria (CEAN), ticket sales across cinemas generated ₦11.5 billion in 2024, a substantial rise from the ₦7.2 billion recorded in 2023. CEAN’s National Chairman, Mr. Ope […]
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- January 6, 2025
NGX Removes Flour Mills of Nigeria From Daily official List
The Nigerian Exchange (NGX) has removed Flour Mills of Nigeria Plc from its Daily Official List, marking the end of the company’s trading presence on the exchange. This development follows an earlier notification issued on December 16, 2024, when the NGX suspended trading in the company’s shares as part of the delisting process. In its […]
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- January 3, 2025
Oil, Gas Index Shines In 2024 With 160% Year-to-Date Gain
The Nigerian oil and gas sector emerged as the standout performer in 2024, recording an impressive 160 percent year-to-date (YtD) gain, surpassing its already remarkable 125 percent growth in 2023. This outstanding performance significantly boosted the All-Share Index (ASI), which climbed 37.65 percent YtD to close at 102,926.46 points. Unlike the broader market, which experienced […]
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- January 3, 2025
FMDQ Exchange Halts Commercial Paper Admissions Following New SEC Guidelines
FMDQ Exchange has announced the temporary suspension of security admission services in Nigeria’s commercial paper (CP) market in response to the latest regulatory framework introduced by the Securities and Exchange Commission (SEC). In a market notice issued on January 2, 2025, FMDQ disclosed that the suspension, effective from December 30, 2024, will remain in place […]
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- January 3, 2025
Recalibrating Nigeria-China relations: A blueprint for balanced economic growth
By Victor Liman and Ade Adefeko Nigeria’s relationship with China has grown into one of the most important bilateral partnerships shaping the country’s economic landscape. Over the past two decades, this alliance has transformed Nigeria’s infrastructure, deepened trade ties, and unlocked new investment channels. However, the relationship has also spotlighted structural imbalances that threaten Nigeria’s […]
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- January 3, 2025
Unilever Nigeria Commemorates Transporters’ Safety Week
Unilever Nigeria Plc has commemorated its 2024 Transporters’ Safety Week recently, under the theme: ‘Pressure Dey, No Panic – Safety First.’ The week-long event, held at the company’s Mega Distribution Centre (MDC) in Agbara, highlighted Unilever’s dedication to road safety, operational excellence, and building a safety-first culture among its drivers and transport partners. The event […]
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