Profit-taking activities recorded in Stanbic IBTC, Vitafoam, Nigerian Exchange (NGX) Group and Honeywell Flour Mills pulled down market indicators at the end of last week’s transactions on the Nigerian Exchange …
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Investors dump shares in exchange’s alternative Securities Market board
Following their weak corporate earnings, investors have shunned listed companies on the Nigerian Exchange Limited’s Alternative Securities Market Board. A total of four companies comprising Capital Oil Plc, Rak Unity …
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AfricaAFRICA NEWSBusinessEnergyNewsNigeriaWestern Africa
Geregu Power to list 2.5bn shares on Nigerian Exchange
Geregu Power, an electricity generation company has announced that it will be listing 2.5 billion ordinary shares of 50 kobo each at a share price of N100 per share on the Nigerian Exchange. Geregu …
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Nigerian Exchange Group Plc has released a dividend policy to ensure adequate returns on investments by shareholders. According to a statement by NGX, the policy document, which was approved by …
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AfricaAFRICA NEWSBusinessEconomyNewsNigeriaWestern Africa
Lagos Free Zone N25bn infrastructure bond launches on Nigerian exchange
The Lagos Free Zone (LFZ) N25 billion series 2 bonds, which is Nigeria’s first 20-year corporate infrastructure bond, have been launched on the Nigerian Exchange Limited (NGX) market. LFZ is the infrastructure development …
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AfricaAFRICA NEWSBusinessManufacturing & Consumer GoodsNewsNigeriaWestern Africa
Isyaku Rabiu resigns as executive director of BUA foods over regulatory guidelines
BUA Foods Plc, a subsidiary of BUA Group, has announced the resignation of Isyaku Rabiu as executive director of the company. The development is coming less than one year after …
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AfricaAFRICA NEWSBusinessNewsNigeriaWestern Africa
NGX approves international breweries’ free float extension
The Nigerian Exchange Limited (NGX) has approved International Breweries’ free float compliance extension request of two (2) years ending 30 July 2024. This was contained in a disclosure on approval of …
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The Nigerian Exchange Limited (NGX) has lifted the trading suspension placed on trading the shares of C & I Leasing Plc for failing to file its financial results for 2021, …
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Dangote Cement Plc has listed three tranches of bonds worth N116 billion on the Nigerian Exchange (NGX), paving the way for the bondholders to trade on them. The bonds were …
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The The Nigerian Exchange (NGX) has upgraded Skyway Aviation Handling Company (Sahco) Plc from a low-priced stock to medium-priced stock following recent appreciation in the share price of the aviation …