nigeria

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...

MINISTER URGES SEC TO TACKLE CRYPTOCURRENCY CHALLENGES The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has urged the newly inaugurated board of the Securities and Exchange Commission (SEC) to address the complexities of regulating cryptocurrencies and maintain...

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...

ZENITH BANK WINS MULTIPLE AWARDS Zenith Bank Plc has been honored with two awards at the World Finance 2024 Awards. The bank was named the Best Commercial Bank in Nigeria for the fourth consecutive year and also received the Best Corporate Governance award in Nigeria for the third year in a...

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...

MINISTER URGES SEC TO TACKLE CRYPTOCURRENCY CHALLENGES The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has urged the newly inaugurated board of the Securities and Exchange Commission (SEC) to address the complexities of regulating cryptocurrencies and maintain...

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%...

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...

Financial solutions firm Zedcrest announced on Wednesday the complete acquisition of RMB Nigeria Stockbrokers. This move aligns with Zedcrest’s strategy to expand its service offerings and market presence. The acquisition brings RMB Nigeria Stockbrokers' expertise in stockbroking to complement...

Oando PLC has announced a delay in publishing its 2023 Audited Financial Statements (AFS), originally expected by July 31, 2024. The company cited Rule 1.14 of the Rules for Filing of Accounts and Disclosures, explaining it will now present the 2023 AFS to its Board for approval and submit them...

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed that Oando PLC has finalized the acquisition of 100% of Nigerian Agip Oil Company Limited (NAOC Ltd) shares from ENI. NUPRC Chief Executive, Engineer Gbenga Komolafe, announced this at the ongoing Oil and Gas Energy Week...

At the end of today's trading session on the Nigerian Stock Exchange (NGX), 342,195,678 shares were traded in 7,592 deals, amounting to a market value of NGN 4,752,884,517.76. Compared to the previous day, this reflects a 6% decline in volume, a 15% increase in turnover, and a 12% decline in the...

NEM Insurance has achieved a significant financial milestone, recording a 249% increase in its profit before tax for 2023, rising from N5.5 billion in 2022 to N19.2 billion. This surge reflects the company's robust financial health and effective business strategies, despite a challenging...

Access Holdings Plc will open a rights issue of 17,772,612,811 ordinary shares to existing shareholders on Monday, July 8, 2024. The Group Managing Director, Bolaji Agbeje, stated that the rights issue, priced at N19.75 per share on a one-for-two basis, aligns with the company’s strategic plan...

Overall Market Activity: - Total Shares Traded: 365,642,039 shares - Total Deals: 8,665 deals - Total Market Value: NGN 4,116,034,659.74 - Market Capitalization: NGN 56.6 trillion Comparison with Previous Day (Monday, July 1): - Volume of Shares: Increased by 33% - Turnover: Increased by 11% -...

Nigeria’s new Dangote oil refinery is ramping up gasoil exports to West Africa, capturing market share from European refiners. According to traders and shipping data, the $20 billion refinery is currently producing a lower grade of gasoil while awaiting the restart of units needed for cleaner...