Nigerian Market News

• 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 […]
• These stocks have done well this year September 14, 2021
  Though some investors in Nigeria’s equities may not be enjoying the market’s bumpy ride lately but it is worthy to note that amid the cloudy skies on Custom Street, many stocks have done well this year. Investors buy stocks to enjoy either capital appreciation (which the difference between the purchase price and the selling price) […]
• Nigeria stocks see negative start to new week September 13, 2021
  Nigeria’s equities market defied analysts expectations of positive start to new week following last week’s record lows. The market closed in red (down by 0.02percent) on Monday September 13, thereby pushing higher the record negative returns this year to -3.36percent. The market has decreased by 0.78percent this month. Stock investors on the Nigerian Bourse lost […]
• Nosak Group says over 500 staff risk job loss September 13, 2021
  The Group Managing Director of Nosak Group, Thomas Oloriegbe has said that over 500 staff of the group are at the risk of losing their jobs due to their inability to access their office and factory premises “as the locations are currently manned by Nigerian Police officers deployed since January 29, 2021 by Ajibola Aribisala […]
• Popoola sees Digital Transformation as next phase of growth for NGX September 13, 2021
  The Chief Executive Officer, Nigerian Exchange (NGX) Limited, Temi Popoola has stated that digital transformation is the next phase of growth for NGX considering its laudable achievements in digitization and digitalization so far. This was expressed at the Nigeria Tech/FinTech Conference hosted by Renaissance Capital on Thursday, 9 September 2021 where Popoola was part of […]