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Jennete Ugo Anya
- January 27, 2025
Lasaco Assurance Lists Additional 9.25bn Shares On NGX
Lasaco Assurance Plc has achieved a significant milestone with the listing of 9.25 billion additional ordinary shares of 50 kobo each on the daily official list of the Nigerian Exchange Limited (NGX). This move follows the successful completion of a private placement exercise aimed at raising capital to strengthen the company’s operations and strategic initiatives. […]
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- January 23, 2025
Stanbic IBTC Launches N148.7bn Rights Issue via NGX
Stanbic IBTC Holdings has unveiled its N148.7 billion rights issue, offering existing shareholders an opportunity to expand their stake in the company. The announcement was made during the ‘Facts Behind The Figures’ event hosted by the Nigerian Exchange (NGX) on January 21, 2025. The rights issue involves the issuance of 2,944,772,083 ordinary shares at 50 […]
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- January 10, 2025
NGX Records N12.17trn In FGN Bonds, Corporate Listings
Nigerian Exchange Limited (NGX) has achieved an impressive milestone in 2024, recording listings worth approximately ₦12.17 trillion, split between Federal Government of Nigeria (FGN) Bonds and corporate instruments. This reflects the government’s strategic reliance on the capital market to raise domestic funds and an active year for corporate listings. FGN Bonds, issued by the Debt […]
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- 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
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
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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- December 27, 2024
MTN Nigeria Announces Series 15, 16 Commercial Papers
MTN Nigeria has announced its intention to issue Series 15 and 16 Commercial Papers, targeting ₦50 billion under its ongoing ₦250 billion Commercial Paper Issuance Programme. This decision follows the overwhelming success of its Series 13 and 14 issuances, which raised ₦72.18 billion on November 29, 2024—a significant oversubscription of 144 percent against the initial […]
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- December 24, 2024
NGX CEO Unveils Plans For Tokenisation To Attract Gen Z
The Chief Executive Officer of the Nigerian Exchange Limited (NGX), Mr. Jude Chiemeka, has announced plans to tokenise Nigerian assets as part of a strategy to attract Gen Z and Millennial investors to the stock market. Speaking at the 2024 Investor Summit & Awards Dinner hosted by Emerging Africa recently, Mr. Chiemeka highlighted the changing […]
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- 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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