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Jennete Ugo Anya
- 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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- November 12, 2024
NGX Sees N84bn Surge as Aradel, Eunisell Lead Market Rally
Equities investors on the Nigerian Exchange (NGX) enjoyed a boost on recently, with the market capitalisation rising by N84 billion, driven by strong rallies in stocks such as Aradel Holdings, Eunisell Interlinked, and Flour Mills of Nigeria Plc. The positive momentum marked a strong start to the week after a negative finish the previous week. […]
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- November 12, 2024
NGX Invest Facilitates Over N1.26tr For Banks’ Recapitalisation
NGX Invest, the digital offering platform of the Nigerian Exchange (NGX), has raised over N1.26 trillion for banks through various rights issues and public offerings. This significant achievement highlights the growing role of the platform in capital-raising efforts across the financial sector. FBN Holdings, which recently launched its N150 billion rights issue, becomes the latest […]
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- October 31, 2024
GTCO Reports 161% Surge In Net Income, N1trn Net Profit After Tax In Nine Months
Guaranty Trust Holding Company (GTCO), a tier-one financial institution in Nigeria, has reported a net profit of N1.08 trillion after-tax for the first nine months of 2024, marking a 161 percent increase compared to the same period in 2023. Recent data released by the Nigerian Exchange Group (NGX) revealed that GTCO’s interest income soared by […]
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- October 30, 2024
Norrenberger Lists Islamic, Turbo Funds On Nigerian Exchange
Norrenberger, a leading asset management firm, has listed its Islamic Fund (NIF) and the Norrenberger Turbo Fund (NTF) on the Nigerian Exchange Limited (NGX). Both funds, which are collective investment schemes (CIS) registered with the Securities and Exchange Commission (SEC), aim to provide investors with structured options within fixed-income investments. The Norrenberger Islamic Fund, launched […]
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