ngx

The Ministry of Finance Incorporated (MOFI) of Nigeria has announced a strategic collaboration with the Nigerian Exchange Ltd. (NGX) to substantially increase their Assets Under Management (AUM) from N18 trillion to N100 trillion over the course of the next decade. Dr. Armstrong Takang, the CEO...

News reaching shows that Ardova Plc delisted its shares from the Nigerian Exchange Limited (NGX) on Wednesday. The delisting which happened on July 26 was in line with the agreements between the company and shareholders of its fully paid ordinary shares which got approval from the Securities...

The Nigerian Exchange Group Plc has proposed an interim dividend of N299 million after an emergency meeting with the Board of Directors. This dividend will be 25 kobo per share to shareholders for the first half (H1) of fiscal year 2023. This dividend, the first since the demutualization of the...

The Nigerian stock market lost N187 billion yesterday, ending a four-day straight winning due to losses experienced in MTN Nigeria Communications (MTNN) and 23 other companies which also noticed a decline in stocks. The All Share Index (ASI) declined by 303.86 points, or 0.46%, to close at...

The Nigerian stock market yesterday continued its positive run for the fourth consecutive day, as its total capitalization finished N394 billion stronger. The All-Share Index (ASI) rose 720.53 points, or 1.10%, to close at 65,988.81 points. In addition, market capitalization increased by N394...

Total foreign transactions on the Nigerian Exchange Limited (NGX) floor increased to N145.08 billion in the first six months of 2023. According to the latest information released on domestic and foreign portfolio investment reports in Nigeria's stock exchange for June 2023, total domestic...

The Nigerian Exchange Group Plc has recently made a significant announcement, revealing the appointment of Ms. Obehi Ikhaghe as its new Company Secretary, a role that officially commenced on the 13th of April 2023. The statement, proudly signed by the esteemed CEO, Oscar N. ONYEMA, OON, was...

Renowned Nigerian billionaire, Femi Otedola, recently divests shares from Geregu Plc, a company he holds a majority stake in. The transaction details, disclosed on the NGX, indicate that Otedola sold 1,875,000 shares at N288.9 and 948,092 shares at N290.7, totaling 2,823,092 shares valued at...

The Nigerian stock market started with positive news in July (Q2 2023) as investors gained N534 billion on the first trading day of the month. This news was recorded on the closing day yesterday as investors smile with new month wins. At the close of the day, the All Share Index (ASI) recorded...

On Tuesday, (July 05, 2023) stock investors experienced a big loss of N671 billion in the Nigerian stock market, after rejoicing over a great start on the first day of the second half of the year which showed N534bn gain on equities. At the close of the day, the All-Share Index finished at...

Meyer Plc (previously DN Meyer) is a manufacturer and marketer of paints. Meyer Plc is an offshoot of the former Hagemeyer Nigeria Limited, the manufacturer of Sigma Paints and Cosmetics. The company touts to be one of the leaders in the production of high-quality paints, including...