NGX

Bullish sentiment returned to the Nigerian stock market on Wednesday, following investors’ interest in MTN Nigeria. Specifically, the market capitalisation garnered N556.93 billion or 1.99 per cent to close at N28.735 trillion from N27.928 trillion on Tuesday. Also, the All-Share Index advanced by 1,033.04 points or 1.99  per cent to close at 52,838.45 against 51,805.41 […]

Bullish sentiment returned to the Nigerian stock market on Wednesday, following investors’ interest in MTN Nigeria. Specifically, the market capitalisation garnered N556.93 billion or 1.99 per cent to close at N28.735 trillion from N27.928 trillion on Tuesday. Also, the All-Share Index advanced by 1,033.04 points or 1.99  per cent to close at 52,838.45 against 51,805.41 […]

The bears resurfaced at the Nigerian Exchange Ltd. on Tuesday as a result of profit taking in MTN Nigeria and 11 other stocks. Accordingly, the All-Share Index declined by 97.07 basis points or 0.19 per cent to close at 51,805.41 from 51,902.48 recorded on Monday. Consequently, the year-to-date (YTD) return fell to 21.28 per cent. […]

Fidelity Bank Plc has approved a dividend of 35 kobo to be paid to its shareholders for the full-year period ended December 2021. This was passed as a resolution at the recently concluded 34th Annual General Meeting held on Thursday, May 5, 2022. This information was disclosed in a notice signed by the company’s secretary, […]

Nigerian Exchange Limited has launched West Africa’s first Exchange Traded Derivatives Market with Equity Index Futures Contracts. It said in a statement on Friday that this was consistent with the Exchange’s commitment to develop the Nigerian capital market by providing a market that thrived on innovation and responded to the needs of stakeholders in accessing […]

Nigerian Exchange Limited (NGX) says it has launched West Africa’s first exchange-traded derivatives (ETD) market to drive innovation and responds to stakeholders’ needs. ETDs are standardised, highly regulated, and transparent financial contracts listed and traded on a securities exchange, and guaranteed against default through the clearinghouse of the derivatives exchange. Clifford Akpolo, head, marketing and corporate […]

The Securities and Exchange Commission (SEC) has raised concern about the market’s high proportion of unclaimed dividends. This was made known by Mr. Lamido Yuguda, the Director-General of the SEC during the Post Capital Market Committee (CMC) webinar press briefing on Thursday. Unclaimed dividends, according to him, were caused by multiple subscriptions, in which some […]

Trading on the Nigerian Exchange Ltd. on Tuesday closed positive, as bargain hunting in Tier-1 banks, including Zenith Bank and Guaranty Trust Holding Company (GTCO), and SEPLAT drove the benchmark index higher. Precisely, the All-Share Index (ASI) inched up by 0.19 per cent to 46,777.37 points from 46,687.85 recorded on Monday. Similarly, the market capitalisation […]

Nigerian Exchange Limited (NGX) hosted the sixth edition of its Market Data Workshop on Wednesday, 3 November 2021. This year’s event was held virtually in collaboration with Official Partners, Zenith Bank, Reliance Infosystems Limited, Infoware and MTN Nigeria; Gold Sponsor, CSCS Plc; and Corporate Sponsors, United Capital, NG Clearing, Cordros, Neulogic, Apel Asset Management and […]

In general, the overall trend and sentiment of the market are judged based on major indices. It is quite common to witness headlines like “American markets at an all-time high,” or “Asian markets on a surge.” This does not mean that the prices of every stock in the market are increasing or at an all-time […]


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