NGX

NGX Extends Sell-Off as Decliners Outpace Gainers

Market capitalisation declined by N613 billion, from N157.493 trillion at the opening to N156.880 trillion at the close. The NGX All-Share Index fell by 949.71 points, from 243,967.09 to 243,017.38. Market breadth weakened significantly, with 16 gainers against...

SEC Fixes 5pm T+1 Settlement Deadline For Equities, Commodities

The SEC has fixed 5:00 p.m. on the first business day after a trade as the settlement deadline for equities and commodities transactions cleared through CSCS. Foreign portfolio investors will not be required to pre-fund trades, but brokers...

NGX Extends Losses as Market Capitalisation Falls to N157.49tn

Market capitalisation declined by N1.762tn, from N159.255tn at the opening to N157.493tn at the close. The NGX All-Share Index fell by 2,756.48 points, from 246,723.57 to 243,967.09. The session recorded 28 gainers and 28 decliners, reflecting a mixed...

Nigerian Stocks Retreat as Investors Lose ₦1.17tn After Monday Rally

The NGX reversed Monday’s strong rally as market capitalisation fell by ₦1.17 trillion to ₦159.255 trillion, while the All-Share Index dropped 0.73 percent to 246,723.57 points. Market breadth remained slightly positive, with 28 gainers against 27 decliners, although...

Fintech Boom Drives Push For Local Stock Ownership

OPay is reportedly exploring a US IPO that could value it at about $4bn. NGX wants Nigerians to own shares in fintechs built on the local market. Dual listings could connect global capital with Nigeria’s growing digital economy. ...

NGX Closes Week Higher as First HoldCo, FCMB Lead Stock Gains

August 09, (THEWILL) — The Nigerian equities market ended the week on a marginally positive note as the NGX All-Share Index (ASI) and market capitalisation appreciated by 0.12 percent, closing at 245,573.60 points and ₦158.513 trillion respectively. The modest gain...

Guinea Insurance Meets Recapitalisation Target, but 15-Year Dividend Drought Leaves Shareholders in Limbo

August 09, (THEWILL) — After surviving the rigorous recapitalisation exercise imposed by the National Insurance Commission (NAICOM), Guinea Insurance Plc has earned a new lease of life. Yet for thousands of shareholders, the company's regulatory victory has done little...

NGX Gains ₦288bn As Eterna, Caverton Drive Monday Rally

Investors gained ₦288 billion as the NGX opened the week higher, with the All-Share Index climbing 446.85 basis points. Eterna and Caverton rallied by the maximum 10 percent to lead the gainers’ chart, while buying interest in Omatek,...

NGX Group Declares ₦1.30 Interim Dividend As H1 Profit Rises 170 Percent, Revenue Climbs 118 Percent

NGX Group declared an interim dividend of ₦1.30 per share after posting a record first-half performance, with profit before tax surging 170 percent to ₦14.76 billion. Revenue more than doubled to ₦17.60 billion, driven by a sharp increase...

Nigerian Stock Market Pauses Bullish Run As Presco Sell-Off Drags NGX Lower

The NGX ended the week on a softer note as profit-taking in Presco and other selected stocks pulled the benchmark index lower despite positive market breadth. CNIF led the gainers’ chart with a 10.00 percent rally, while Presco...
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Tax Enforcement: NRS Seals Kaduna Electric Headquarters

The Nigeria Revenue Service (NRS) has sealed the headquarters of Kaduna Electric over alleged non-compliance with its statutory tax obligations.
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