Market Updates

FMDQ approves Ojaja Pan Africa’s N25bn commercial papers FMDQ Securities Exchange Limited has approved the quotation of Ojaja Pan Africa Limited’s N25.53bn Series 1, Series 2 and Series 3 Commercial Papers under its N100bn CP Issuance Programme on its platform. The approval, granted by the Exchange’s Board Listings and Markets... Read More →

United Capital notifies NGX as insider sells 3,651 shares Financial services conglomerate, United Capital Plc, has notified the Nigerian Exchange Limited and the investing public of a recent insider share transaction involving a member of its internal control department. The disclosure was made pursuant to Chapter 17 of the NGX... Read More →

Market sheds N440bn as energy, banking stocks fall Trading activity on the Nigerian Exchange Limited was heavily influenced by profit-taking and divestments in major blue-chip equities on Thursday, particularly within the energy, banking and insurance sectors, wiping N440bn from the market capitalisation. High-cap stock Aradel Holdings recorded significant losses, declining... Read More →

CBN pushes wider adoption of digital payment channels The Central Bank of Nigeria has called for greater adoption of alternative payment channels to expand access to financial services and stimulate economic activity. Acting Director, Corporate Communications and Investor Relations Department of the CBN, Hakama Sidi-Ali, made the call at the... Read More →

Elumelu’s Seplat investment doubles to over $1bn Tony Elumelu’s investment in Seplat Energy has more than doubled in value, with his Heirs Holdings stake now worth over $1bn. Heirs Holdings bought a 20.07 per cent stake in Seplat, representing about 120.4m shares, from French energy company Maurel & Prom in... Read More →

Geregu Power pays 8th coupon on N40.1bn bond Geregu Power Plc has paid the eighth coupon and part of the principal due under its N40.085bn Series 1 Fixed Rate Bond. The company disclosed the payment in a statement to the Nigerian Exchange Limited and the investing public on Thursday. According... Read More →