ngx

GEREGU POWER REPORTS N30.2 BILLION PROFIT, UP BY 145% IN 6 MONTHS Geregu Power Plc reported a pre-tax profit of N30.2 billion for the first half of 2024, a 145% increase from the N12.3 billion recorded in the same period of 2023. This figure also represents a 24% increase over the entire...

NGX TRADING SUMMARY FOR FRIDAY, JULY 12, 2024 At the end of the last trading day on the Nigerian Stock Exchange (NGX), a total of 420,896,797 shares were traded in 7,617 deals, amounting to a market value of NGN 6,820,772,893.76. Compared to the previous trading day, there was a 42% improvement...

TANTALIZERS PLC: LISTING OF 1,788,372,094 ORDINARY SHARES OF 50 KOBO EACH AT N0.60 PER SHARE OFFERED THROUGH PRIVATE PLACEMENT Date of Announcement: 12 July 2024 Reference Number: NGXREG/IRD/MB41/24/07/12 Key Details: - Event: Listing of Additional Shares - Company: Tantalizers Plc - Number...

NGX TRADING SUMMARY FOR THURSDAY, JULY 11, 2024 Key Details: - Trading Volume and Value: 296,731,688 shares traded in 7,126 deals, totaling NGN 5,447,738,816.31. - Comparison with Previous Day: - Volume: 68% decline - Turnover: 54% decline - Number of Deals: 13% decline - Current Market...

UNITED CAPITAL LAUNCHES NAIRA-DENOMINATED FUND FOR HIGH-VALUE INVESTORS United Capital Asset Management, a subsidiary of United Capital Plc, has introduced the United Capital Stable Income Fund, a naira-denominated mutual fund aimed at high-value investors seeking low-risk, stable returns...

NGX UNVEILS IMPACT BOARD FOR SUSTAINABLE INVESTMENTS The Nigerian Exchange Limited (NGX) has launched the Impact Board, a platform for listing sustainability instruments, aiming to integrate sustainability into Nigeria’s capital market. Key Details: - Launch Event: Held during the eighth...

NGX TRADING SUMMARY FOR WEDNESDAY, JULY 10, 2024 At the end of today's trading session on the Nigerian Stock Exchange (NGX): - Total Shares Traded: 935,148,864 shares in 8,160 deals - Market Value: NGN 11,839,828,382.50 - Comparison with Previous Day: - Volume increased by 207% - Turnover...

ACCESS HOLDINGS EXPLAINS WHY ITS ISSUED SHARES PRICE IS HIGHER THAN MARKET PRICE As of June 9, 2024, Access Holdings' share price stood at N19.35, which is 2% lower than the N19.75 price set for the ongoing rights issue. On July 8, the opening day of the rights issue, the share price opened at...

C & I GIVES REASON FOR DELAY IN ITS AUDITED FINANCIAL STATEMENTS C & I Leasing Plc has announced a delay in filing its 2023 annual financial statements. The company had planned to meet the regulatory filing deadline but encountered delays due to the need for approvals from multiple regulators...

REGENCY ALLIANCE INSURANCE PLC ANNOUNCES DELAY IN FINANCIAL STATEMENT SUBMISSION Regency Alliance Insurance Plc has informed the Nigerian Exchange Limited (NGX), shareholders, and the investing public of a delay in filing its Audited Financial Statement (AFS) for the year ended December 31...

NGX TRADING SUMMARY FOR TUESDAY, JULY 9, 2024 Overview: - Total Shares Traded: 304,144,072 shares - Total Deals: 8,256 - Total Market Value: NGN 4,997,534,480.61 - Market Capitalization: NGN 56.5 trillion Comparison with Previous Trading Day (Monday, July 8): - Volume: 56% decline - Turnover...

CBN TO AUCTION N166bn T-BILLS The Central Bank of Nigeria (CBN) will auction N166.1 billion in Treasury bills. The auction includes N27.11 billion for 91-day bills, N1.49 billion for 182-day bills, and N137.50 billion for 364-day bills. The CBN plans to issue N1.56 trillion in Treasury bills in...

GTCO PLANS N400BN CAPITAL RAISE Guaranty Trust Bank Plc (GTCO) announced plans to raise N400.5 billion by issuing 9 billion shares at N44.5 per share. This move aims to support the bank's expansion and innovation strategies. The announcement was made by GTCO's Managing Director, Segun...

RESOLUTIONS PASSED AT THE 40TH ANNUAL GENERAL MEETING OF CHAMS HOLDING COMPANY PLC At the 40th Annual General Meeting of Chams Holding Company Plc, held virtually on July 4, 2024, the following resolutions were passed: Ordinary Business: 1. Adoption of the Audited Financial Statements for the...

CORNERSTONE INSURANCE EYES IMPROVED GROWTH The Managing Director/Chief Executive Officer of Cornerstone Insurance, Stephen Alangbo, has projected a brighter future for the firm as he commemorated his first year in office. During a press briefing in Lagos on Friday, Alangbo highlighted some of...

NGX TRADING SUMMARY FOR MONDAY, JULY 8, 2024 On Monday, July 8, 2024, the Nigerian Stock Exchange (NGX) saw the trading of 689,982,579 shares in 9,635 deals, with a total market value of NGN 7,165,197,354.90. This represents a 67% increase in volume, a 19% increase in turnover, and a 13%...

SUSPENSION OF TRADING FOR NON-FILING OF AUDITED FINANCIAL STATEMENTS Dear Esteemed Client, Trading License Holders and the investing public are hereby notified that pursuant to Rule 3.1, Rules for Filing of Accounts and Treatment of Default Filing (Default Filing Rules), the Nigerian Exchange...

RESOLUTIONS PASSED AT THE 25th ANNUAL GENERAL MEETING OF FIDSON HEALTHCARE PLC Fidson Healthcare Plc held its 25th Annual General Meeting on the 4th of July 2024 at the Balmoral Convention Center, Sheraton Hotels and Towers, Ikeja, Lagos, and announced the following resolutions: 1. Payment of...

SEC APPROVES CHIEMEKA'S APPOINTMENT AS NGX CEO KEY DETAILS: - Appointment Approved: The Securities and Exchange Commission has approved Jude Chiemeka's appointment as the Chief Executive Officer of the Nigerian Exchange Limited (NGX), effective July 1, 2024. - Experience: Chiemeka brings...

1. OVERVIEW: - CAP Plc is a Nigerian company that evolved from the renowned British multinational, Imperial Chemical Industries PLC (ICI). - The company operates in the chemical and allied products industry, with a focus on coatings and related products. CAP manufactures and sells a range...