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JenneteUgo Anya
- 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 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 5, 2024
Fidelity Bank To Issue Additional N78.35bn Shares
Fidelity Bank has announced plans to issue an additional 8.2 billion shares, valued at approximately N78.35 billion, in response to the expected oversubscription of its combined offering. In a corporate disclosure on the Nigerian Exchange Limited’s (NGX) website, the bank issued a notice for an extraordinary general meeting (EGM) scheduled for July 26, 2024. Among […]
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- July 2, 2024
Top Performing Stocks On The NGX In The First Half Of 2024
In the first half of 2024, the Nigerian Exchange (NGX) saw a significant rise of 33.81 percent, with the All-Share Index (ASI) closing at 100,057.49 points, up from 74,773.77 points at the start of the year. This growth, while notable, was 12.09 percentage points lower than the 45.90 percent growth recorded in 2023, yet still […]
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- June 21, 2024
Nigerian Capital Market In View Of Its Potential Growth
As Nigeria celebrates 25 years of uninterrupted democratic governance, financial market experts took stock of the local capital market’s evolution and growth prospects. Despite notable achievements since 1999, including a 14.06 percent annual compound growth in market capitalisation, stakeholders believe the market has yet to fully exploit its potential for capital formation. Historical Perspective and […]
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