ngx

NIGERIAN BREWERIES N600 BILLION RIGHTS ISSUE AND FX DEBT CHALLENGE: A DETAILED BREAKDOWN The Nigerian Exchange Limited (NGX) recently approved Nigerian Breweries Plc's application to raise N600 billion through a rights issue. This issuance involves offering 22,607,491,232 ordinary shares of 50...

NGX TRADING SUMMARY FOR WEDNESDAY, AUGUST 28, 2024 Trading Volume and Value: - Shares Traded: A total of 446,609,595 shares were exchanged during the session. - Deals: These transactions took place across 10,148 deals. - Market Value: The total market value of these trades amounted to NGN...

NGX REGCO BACKS FRC ON NEW REPORTING STANDARDS The Chief Executive Officer of NGX Regulation Limited, Olufemi Shobanjo, recently praised the Financial Reporting Council of Nigeria (FRCN) for its leadership in advancing sustainability reporting standards across Africa. This recognition came...

NGX TRADING SUMMARY FOR THURSDAY, AUGUST 22, 2024 Market Activity Overview: - Volume: A total of 393,620,711 shares were traded on the Nigerian Stock Exchange (NGX). - Deals: There were 8,243 deals executed during the session. - Market Value: The total value of transactions was NGN...

INT'L BREWERIES SHARE LISTING BOOSTS NGX MARKET CAP BY N599BN Main Points: 1. Market Impact: - The Nigerian stock market capitalization increased by N599 billion due to the listing of shares by International Breweries Plc. - Market capitalization reached N54.047 trillion. 2. Share...

NGX TRADING SUMMARY FOR WEDNESDAY, AUGUST 21, 2024 Overall Market Performance: - Volume: 360,558,689 shares were traded today. - Deals: These trades were executed in 8,813 deals. - Market Value: The total market value of the traded shares was NGN 7,252,158,694.18. - Comparison to Previous Day...

NGX TRADING SUMMARY FOR TUESDAY, AUGUST 20, 2024 Summary: - Trading Volume and Deals: - A total of 1,013,950,890 shares were traded across 8,295 deals on the Nigerian Stock Exchange (NGX). - The total market value of the shares traded was NGN 7,687,606,591.34. - Comparison with Previous...

SEC WOOS FIRMS TO CAPITAL MARKET Summary: The Securities and Exchange Commission (SEC) is urging more companies to list on the Nigerian Exchange to boost market liquidity and align with the Federal Government's goal of achieving a $1 trillion economy. Key Points: 1. Call for More Listings...

UNION BANK BEGINS RECAPITALISATION Summary: Union Bank of Nigeria has initiated a recapitalisation process, as disclosed by the Managing Director/CEO, Yetunde Oni, following the release of the bank's half-year financial results. This move aligns with the Central Bank of Nigeria's (CBN)...

NGX TRADING SUMMARY FOR FRIDAY, AUGUST 16, 2024: Trading Overview: - Total Volume: 348,952,726 shares - Total Value: NGN 7,464,902,951.30 - Total Deals: 7,677 - Market Capitalization: NGN 55.1 trillion Comparative Performance: - Volume: 29% increase compared to the previous trading day...

RESOLUTIONS PASSED AT THE 37TH ANNUAL GENERAL MEETING (AGM) OF SUNU ASSURANCE NIGERIA PLC, HELD ON THURSDAY, 15th AUGUST 2024: 1. Financial Statements: - The shareholders received and approved the Consolidated Audited Financial Statements of SUNU Assurances Nigeria Plc and its subsidiaries for...

ADVOCATING TELECOM-CAPITAL MARKET COLLABORATION 1. Call for Synergy: - Industry Collaboration: Leaders from the telecommunications and financial sectors have advocated for a stronger partnership between Nigeria’s telecommunications industry and the capital market. This collaboration is seen...

The Nigerian stock market, as we know it today, began its journey with the founding of the Lagos Stock Exchange in 1961, later renamed the Nigerian Stock Exchange (NSE). However, to trace significant historical events that have influenced the modern Nigerian stock market, let's focus on an...

SECURITIES AND EXCHANGE COMMISSION (SEC) UNCOVERS EFFORTS TO TACKLE UNCLAIMED DIVIDENDS Key Issue: Unclaimed Dividends - Total Unclaimed Dividends: The unclaimed dividends currently stand at N215 billion. - Commitment: The Securities and Exchange Commission (SEC) is committed to resolving the...

NGX TRADING SUMMARY FOR THURSDAY, AUGUST 15, 2024 Trading Overview - Total Shares Traded: 271,259,970 shares - Total Deals: 7,233 - Market Value: NGN 3,522,892,918.09 Comparative Analysis - Volume: Declined by 14% compared to Wednesday, August 14, 2024. - Turnover: Declined by 36% from the...

MUTUAL FUNDS PART 6: EXAMPLES OF MONEY MARKET FUNDS Dear Investors. As we continue our series on mutual funds, we have explored various types over the past 5 weeks. This week, in Part 6, we will focus on examples of money market funds. These funds are known for their stability and liquidity...

NGX TRADING SUMMARY FOR TUESDAY, AUGUST 13, 2024 1. Trading Overview: - Total Shares Traded: 599,246,035 shares - Total Deals: 11,237 deals - Market Value: NGN 13,916,167,908.23 2. Performance Comparison: - Volume Improvement: 20% increase from the previous trading day (Monday...

NGX TRADING SUMMARY FOR MONDAY, AUGUST 12, 2024 Overall Market Performance: - Total Shares Traded: 498,271,393 shares - Total Deals: 10,645 - Market Value: NGN 11,770,860,465.23 - Market Capitalization: NGN 55.6 trillion Comparison with Previous Trading Day: - Previous Trading Day: Friday...

DETAILED OVERVIEW OF THE GUINEA INSURANCE PLC FINANCIAL PERFORMANCE REPORT 1. Profit Surge: Guinea Insurance Plc reported a profit after tax of NGN 477.77 million for the year ending December 31, 2023. This represents a significant turnaround from a loss of NGN 83.27 million in the previous...

DETAILED BREAKDOWN OF ECOBANK TRANSNATIONAL INCORPORATED’s FINANCIAL PERFORMANCE FOR THE FIRST HALF OF 2024: 1. Profit After Tax: Ecobank reported a significant profit after tax of NGN 311 billion for the first half of 2024. This represents a remarkable 196% increase compared to NGN 105 billion...