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Jennete Ugo Anya
- July 16, 2024
Nigerian Stocks Lose N334bn In Market Cap As Bears Take Over In July
The Nigerian Exchange (NGX) began the second half of 2024 on a bearish note, experiencing a notable decline of 0.39 percent over the past two weeks. This downturn has resulted in a substantial loss of N334 billion in market capitalisation. By the close of the week ending July 12, 2024, the NGX’s All-Share Index (ASI) […]
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- July 16, 2024
NGX Lists Wema Bank’s Rights Issue Of 8.572bn Shares
The Nigerian Exchange Limited (NGX) has officially listed Wema Bank Plc’s Rights Issue of 8.572 billion ordinary shares on its platform. This listing was detailed in the recent NGX weekly report and marks a significant step in Wema Bank’s recapitalisation efforts. According to the NGX report, the additional shares arose from Wema Bank’s Rights Issue […]
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- July 15, 2024
SEC Approves NGX’s Investment Platform
The Securities and Exchange Commission (SEC) has granted approval to the Nigerian Exchange Group (NGX) for its new digital investment platform, ‘NGX Invest’. This innovative platform is set to streamline public offerings and rights issues, significantly enhancing the efficiency and accessibility of primary market transactions in the Nigerian capital market. According to a press statement […]
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- July 15, 2024
Stakeholders Urge SEC To Develop Comprehensive Crypto Rule
Stakeholders across various sectors have called on the Securities and Exchange Commission (SEC) to develop a comprehensive regulatory framework for crypto assets in Nigeria. This appeal was made during the recent first annual conference of the Association of Capital Market Academics of Nigeria (ACMAN), where experts from academia, legislature, capital markets, banking, and ancillary sectors […]
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- July 15, 2024
Criteria For Effective Investor Relations Messaging
Effective Investor Relations (IR) messaging is crucial for building and maintaining trust with stakeholders. The criteria that every quality IR content should meet? Objective Bad news should not be hidden. Press releases and annual reports must describe difficulties with objectivity and humility. A degree of frankness and integrity will always pay off in the […]
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- July 11, 2024
GTCO’s N400.5bn Public Offer: A Strategic Move For Expansion, Stability
Guaranty Trust Holding Company Plc (GTCO) has announced an ambitious plan to raise N400.5 billion through a public offer, signalling a bold step towards enhancing its capital base and expanding its international footprint. This initiative, disclosed by GTCO Group Managing Director (MD), Mr. Segun Agbaje during the ‘Facts Behind the Offer Presentation,’ underlines the strategic […]
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- July 11, 2024
NGX Suspension Of Eight Companies Highlights Market Integrity, Investors’ Confidence
The Nigerian Exchange Limited (NGX) recently took decisive action by suspending trading in the shares of eight companies due to their failure to file Audited Financial Statements for the year ended December 31, 2023. This move, effected as of July 8, 2024, affected Guinea Insurance Plc, Lasaco Assurance Plc, Mutual Benefits Assurance Plc, C & […]
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- July 11, 2024
Nigeria’s Private Equity Investments Surge 322% In Q1 2024
Private equity investments in Nigeria surged by 321.8 percent in the first quarter (Q1) of 2024, driven largely by deals in the energy and educational technology (edtech) sectors. According to a report by DealMakers Africa, a South African-based firm that tracks mergers and acquisitions (M&A) and corporate finance activities across the continent, the value of […]
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- July 10, 2024
Way Out For MSMEs In The Face Of Competition For Capital
Micro, Small, and Medium-sized Enterprises (MSMEs) in Nigeria often struggle to secure the necessary capital for growth and expansion. However, recent developments by the Securities and Exchange Commission of Nigeria (SEC) have made it easier for the enterprises to raise capital. Here is an in-depth look at how MSMEs can navigate the competitive landscape in […]
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- July 8, 2024
SEC Authorises N351bn Rights Issue For Access Holdings Plc
The Securities and Exchange Commission (SEC) has given the green light to Access Holdings Plc’s N351 billion rights issue, a substantial capital raising initiative aimed at bolstering the company’s financial position. In a recent statement released in Lagos, Access Holdings announced this significant milestone, highlighting that the capital raised, up to $1.5 billion, will support […]
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