Market Updates

SEC pushes market operators for sustained compliance The Director-General of the Securities and Exchange Commission, Dr Emomotimi Agama, has urged financial sector stakeholders to strengthen and sustain a culture of proactive compliance to safeguard Nigeria’s position in the global financial system. The call was made at the Nigerian Capital Market... Read More →

NGX ends six-day slump with N94.47bn boost Bullish trading resurfaced on the Nigerian Exchange Limited on Tuesday, breaking a bearish run that had entered its sixth day as of Monday. At the close of trading, the All-Share Index and Market Capitalisation rose by 0.10 per cent to 143,763.13 and N91.44tn,... Read More →

Champion Breweries opens N15.91bn rights issue Champion Breweries has opened its N15.91bn rights issue to qualified shareholders. In a statement filed with the Nigerian Exchange Limited on Tuesday, signed by its Company Secretary, Tosan Aiboni, it was indicated that the offer includes 994,221,766 ordinary shares of N0.50 each at N16... Read More →

AFC, NGX unveil capacity programme to bridge infrastructure funding gap Africa Finance Corporation and Nigerian Exchange Limited have partnered to strengthen the technical capabilities of stakeholders in structuring and financing infrastructure projects through Nigeria’s capital markets. According to a statement from the partners on Monday, the duo recently concluded a... Read More →

Chen:  Bitget’s US Stock-linked Futures Surpassed $5bn in Volume Bitget, the world’s largest Universal Exchange (UEX), through its Chief Executive Officer,  Gracy Chen, disclosed that trading in Bitget’s US stock-linked perpetual futures has surpassed $5 billion in cumulative volume just days after a prior update signaling that everyday users increasingly... Read More →

Stock Market Drops by N2.09trn WoW on Selloff in Dangote Cement The stock market section of the Nigerian Exchange Limited (NGX) dropped by N2.09 trillion week-on-week (WoW) amid investors profit-taking in Dangote Cement Plc (10 per cent decline) As gathered by THISDAY, market capitalisation closed last week’s trading  activities at N91.415 trillion, about 2.23per cent or... Read More →