Nigerian Market News

• Stocks gain N11bn in week ended Sept. 17 September 17, 2021
  Nigeria’s stock market closed the week ended Friday, September 17 in green amid slight recovery in buy-side activity. Amid mixed trading sessions, investors in equities recorded about N11billion gain at the close of the week’s trading. The market has decreased by 0.70 percent in this month of September. The Central Bank of Nigeria (CBN) on […]
• CBN holds interest rate for 6th straight time as inflation concerns weigh September 17, 2021
  The Central Bank of Nigeria (CBN) on Friday retained its benchmark interest rate known as the Monetary Policy Rate (MPR) at 11.5 percent, as inflationary pressures remain despite a recent slowdown. This comes not as a surprise as analysts in the financial services sector had expected a hold following weak growth amid declining inflation. The […]
• CBN takes on abokifx founder over exchange rate breaches September 17, 2021
  The Central Bank of Nigeria (CBN) is said to be investigating Olusegun Adedotun Oniwinde, the owner of abokifx, an online platform that collates exchange rates. Oniwinde is currently facing the CBN’s hammer due to alleged illegal foreign exchange trading. He is a Chartered Accountant from South Ockendon Essex. He was born in September 1975. He […]
• NGX Group shows commitment to improved Corporate Governance, Global Best Practices September 17, 2021
  The shareholders of Nigerian Exchange Group Plc (NGX Group) convened in the Federal Capital Territory, Abuja, on Thursday, September 9, 2021, for its first Annual General Meeting (AGM) after the demutualisation of The Nigerian Stock Exchange (NSE). Amidst other critical matters proposed for shareholder vote, the Board of NGX Group presented the audited financials for […]
• NG Clearing Limited joins Global Association of Central Counterparties as Observer Member. September 16, 2021
  At the monthly CCP12 – Global Association of Central Counterparties – Executive Committee Meeting on September 15, 2021, the Executive Committee accepted NG Clearing Limited (NG Clearing) as an Observer Member of CCP12 with immediate effect. ”We are delighted to welcome the second CCP from Africa as an Observer Member of CCP12. NG Clearing will […]
• Stock market re-routes south by 0.15% September 16, 2021
  Nigeria’s equities market failed to sustain previous day’s gains on Thursday following a record decline by 0.15percent at the close of trading session. The value of listed stocks on the Bourse dipped by N30billion amid increased sell pressure ahead of the outcome of MPC meeting. The Nigerian Exchange Limited (NGX) All Share Index (ASI) and […]
• Lagos Free Zone Company debuts N10.5bn infrastructure bond September 16, 2021
  Lagos Free Zone Company (LFZC), the first free zone in Nigeria with a fully integrated deep seaport has successfully issued a N10.5 billion bond. The tenure of the bond is 20 years and the issue represents the first of a N50 billion Debt Issuance Programme. LFZC is the infrastructure development subsidiary of the Tolaram Group, […]
• FMDQ Exchange admits Eunisell Limited’s N3.50bn Series 1 Commercial Paper September 16, 2021
  FMDQ Securities Exchange Limited, through consistent collaboration with its stakeholders, continues to deepen and effectively position the Nigerian debt markets for growth in support of the realisation of a globally competitive and vibrant economy. In keeping to its commitment of providing a reliable and credible platform to support capital formation, FMDQ Exchange is pleased to […]
• Nigeria equities market journeys further north by 0.12% September 15, 2021
  Nigeria’s equities market moved further north on Wednesday September 15, strengthening its break from previous records of consecutive negatives. The stock market may continue this positive pattern on Thursday as investors await the outcome of the MPC meeting this week. At the close of trading session on Wednesday, the nation’s stock market’s year-to-date (YtD) negative […]
• Investor gain N3bn as market rises slightly by 0.01% September 14, 2021
  Stock investors gained about N3billion on Tuesday as market increased slightly by 0.01percent – thanks to UPDC Plc which led 12 gainers as against 21 losers led by Sovereign Trust Insurance Plc. UPDC share price moved from day open low of N1.51 to N1.66, adding 15kobo or 9.93percent, while Sovereign Trust Insurance share price decreased […]