Market Updates

At 39.44% YtD, NGX Joins Top Four Best Performing Stock Markets in Africa Despite macro-economic challenges, the Nigerian stock market has emerged one the top four best performing Exchanges in Africa with a Year-till-Date (YtD) investors returns of 39.44 per cent as of November 28. THISDAY analysis of equities market performance in Africa showed that Malawi Stock Exchange (MSE), followed by... Read More →

SEC: Exit from Grey List, T+2 Reaffirms Nigeria as investment Destination The Director-General, Securities & Exchange  Commission (SEC), Mr. Emomotimi Agama has stated that Nigeria’s exit from the FATF gery list and the launching of the T+2 settlement cycle makes Nigeria a great investment destination.  He stated this at a press briefing of on official launch of the T+2 settlement... Read More →

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 →