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Jennete Ugo Anya
- July 29, 2024
SEC Approves NGX Impact Board To Enhance Sustainability
The Securities and Exchange Commission (SEC) has granted approval to the Nigerian Exchange Limited (NGX) to launch its Impact Board, a specialised platform aimed at enhancing the listing and visibility of sustainability-focused financial instruments. The announcement was made during a Closing Gong Ceremony held at the NGX headquarters in Lagos on July 27, 2024. The […]
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- July 26, 2024
Stock Market Hits New Low Amid Persistent Sell-Side Pressure On NGX
The Nigerian equities market continued its decline on Thursday, September 25, 2024 with the market shedding N118 billion, equivalent to a 0.21 percent decrease, as sell-side pressure persisted. The downturn was influenced by investor reactions to the half-year (H1) financial results of companies and the recent hike in the benchmark interest rate, which has made […]
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- July 26, 2024
NGX Delists 14 Companies For Listing Non-compliance
The Nigerian Exchange Limited (NGX) has delisted 14 companies from its platform due to non-compliance with listing standards. The affected companies, including Goldlink Insurance Plc, Medview Airline Plc, and STACO Insurance Plc, failed to submit their 2023 financial year results, among other regulatory deficiencies. According to a statement by Mr. Godstime Iwenekhai, Head of the […]
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- July 25, 2024
Zenith Bank Seeks NGX’s Approval To List 5.23bn Shares
Zenith Bank Plc has officially approached the Nigerian Exchange Limited (NGX) to secure approval for the listing of 5,232,748,964 new ordinary shares at a price of N36.00 per share. This strategic move aims to raise approximately N188.378 billion via a rights issue, offering existing shareholders one new share for every six held as of the […]
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- 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 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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