NGX Regulation Limited, the regulating body of the Nigerian Exchange Group (NGX Group) has imposed a sum of N291. 29 million sanctions on CSL Stockbrokers Limited, Cowry Securities Limited, Meristem Stockbrokers Limited, SMADAC Securities Limited and Associated Asset Managers Limited over stock market infractions. Ugochi Eke on behalf of the NGX Rego …
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The foreign exchange market closed Friday on a weaker note as sustained demand for dollars outweighed supply throughout the trading session. File photo of naira and dollar notes Market activity remained strong, with demand skewed to the bid side, putting upward pressure on exchange rates. As a result, the …
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The equities market closed on a negative note on Tuesday, as the market capitalisation dropped by N326 billion or 0.4 per cent. Specifically, the market capitalisation closed at N89.198 trillion compared to the opening value of N89.524 trillion. Similarly, the All-Share Index (ASI) declined by 568.62 points or 0.4 per …
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The equities market reversed its bullish run on Friday, recording a loss of N81 billion after five consecutive sessions of gains. Selloffs in major stocks, including Mutual Benefits Assurance, Lasaco Assurance, Daar Communications, PZ Cussons Nigeria, NGX Group and 16 others, pushed the market into negative territory. The market capitalisation …
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TRADING in the Nigerian Exchange market maintained bullish run as investors ranked in N248 billion gain on Friday to close the week. This comes as the market capitalisation, which opened at N62.918 trillion, added N248 billion or 0.39 per cent to close at N63.166 trillion. The All-Share Index also advanced …
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NIGERIAN Exchange Group Plc (NGX Group) has announced the appointment of Mr. Jude Chiemeka as the substantial Chief Executive Officer of Nigerian Exchange Limited, its operating exchange subsidiary. The appointment was effective July 1, 2024, following the Securities and Exchange Commission (SEC) approval. Since January 1, 2024, Mr. Chiemeka has …
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Losses in Teir-one banking stocks on Friday pushed the market indices into a negative terrain, making investors to lose N56 billion. Specifically, sell-offs in the stocks of Guaranty Trust Holding Company (GTCO), Zenith Bank, FBN Holdings, Fidelity Bank, Wema Bank, as well as Nestle and African Prudential, among other declined …
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A full democratized physical AGM to be conveneed with credible shareholders allowed to be part of the proceess An institution of a robust forensic Audit exercise of all books of the company A proposal to reduce executive management and Board compensation by a first 50% wuyh plans to shave off …
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