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JenneteUgo Anya
- December 16, 2024
NGX Enforces 3,792 Sanctions Over 13 Years
The Nigerian Exchange Group (NGX), through its regulatory body NGX Regulation Limited (NGX Regco), has implemented 3,792 sanctions on trading license holders between 2011 and 2023, as revealed in the compliance report BrokerTraX. This initiative, launched to enhance market transparency and investor confidence, recorded 193 rule breaches by stockbroking firms over the period. Enforcement actions […]
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- December 13, 2024
Banks’ Recapitalisation, New Listings Push NGX Market Cap by ₦18.2trn
The Nigerian Exchange Limited (NGX) has recorded remarkable growth in 2024, with its market capitalisation surging by ₦18.2 trillion, reaching ₦59.107 trillion at the end of November. This represents a 44.5 percent increase from ₦40.918 trillion at the start of the year, despite economic challenges and rising interest rates. The All-Share Index (ASI) also saw […]
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- December 10, 2024
Nigerian Stock Market Achieves Top Four Ranking In Africa
The Nigerian stock market has demonstrated remarkable resilience, recording a year-to-date (YtD) growth of 31.34 percent as of December 6, 2024. This performance places it among the top four best-performing exchanges in Africa, despite enduring challenges such as double-digit inflation and a volatile foreign exchange market. Ranked fourth on the continent, the Nigerian Exchange Limited […]
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- December 4, 2024
Equities Market Records ₦100bn Loss
The Nigerian equities market experienced a setback this Wednesday, December 4, 2024, with investors losing ₦100 billion. Market capitalisation closed at ₦59.2 trillion, down from the ₦59.3 trillion recorded on Tuesday, December 3, marking a dip after hours of trading. Top gainers in the session included Beta Glass Company Plc, Golden Guinea Breweries Plc, and […]
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- November 27, 2024
Kwararafa Africa Moves To Acquire Minority Shares In Notore
Notore Chemical Industries Plc has announced a significant development in its ownership structure with an offer from Kwararafa Africa Limited to acquire shares held by the company’s minority shareholders. The notification, issued on November 26, 2024, was signed by the company’s Secretary, Mr. Matthias Ogwuche, and published on the Nigerian Exchange Limited (NGX) disclosure platform. […]
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- November 25, 2024
Domestic Investors Dominate NGX As Transactions Hit ₦3.73tn YTD
Domestic transactions on the Nigerian Exchange (NGX) reached a remarkable ₦3.73 trillion year-to-date (YTD) in October 2024, accounting for 83.35 percent of the total market activity. This highlights the dominance of local investors in driving Nigeria’s capital market. Total market transactions in October stood at ₦502.73 billion, marking a slight 1.97 percent increase from September’s […]
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- November 22, 2024
Haldane McCall Plc Lists On NGX, Offering 3.12bn Shares
Haldane McCall Plc has officially listed on the Main Board of the Nigerian Exchange Limited (NGX), offering 3.12 billion ordinary shares of 50 kobo each at N3.84 per share. According to announcement on the officail website of the NGX, the listing, with a market capitalisation exceeding N11.99 billion, marks a significant step for the […]
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- November 19, 2024
Three Stocks Record Over N19.8bn Turnover As Financial Sector Leads NGX
Three financial stocks—Access Holdings Plc, United Capital Plc, and United Bank for Africa Plc (UBA)—have led the equities sector of the Nigerian Exchange Limited (NGX) last week, collectively accounting for 72 percent of total market turnover. The sector’s dominance continued, with a total of 1.068 billion shares valued at N19.8 billion traded in 21,001 deals. […]
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- November 18, 2024
NGX Proposes Stricter Rules To Enhance Transparency In Large-Volume Trades
The Nigerian Exchange Limited (NGX) has proposed new rules to address block divestments and large-volume trades in a bid to enhance transparency and market integrity. In a notice issued to trading licence holders recently, the Chief Executive Officer (CEO) of NGX Regulation Limited, Mr. Olufemi Shobanjo, invited stakeholders to provide feedback on the proposed changes […]
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- November 15, 2024
Neimeth International Pharmaceuticals Appoints New Directors To Bolster Board
Neimeth International Pharmaceuticals Plc has announced the appointment of Ms. Patricia Aderibigbe and Mr. Adeyemi Odusanya as Independent Non-Executive Directors and Mr. Christopher Oshiafi as a Non-Executive Director. These strategic appointments aim to strengthen the company’s governance and drive its growth trajectory. The announcement, disclosed through a recent corporate filing on the Nigerian Exchange (NGX) […]
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