Nigeria’s Minister of Finance, Wale Edun, has called on the Islamic Development Bank (IsDB) to prioritize sustainable investments and innovation in critical sectors, including energy, infrastructure, agriculture, and railway development. The appeal was made during the IsDB Governors’ Retreat in Al-Madinah, Saudi Arabia, aimed at shaping the […]
Category: Financial Market
Financial Market
Popoola Highlights Regional Collaboration At Ethiopian Securities Exchange Inauguration
Group CEO of Nigerian Exchange Group Plc (NGX Group), Temi Popoola reiterated the transformative potential of Africa’s capital markets at the launch of the Ethiopian Securities Exchange (ESX). Speaking at the event, Popoola emphasized the need for stronger regional collaboration, government-private sector synergy, and innovative market solutions to unlock […]
FG Expresses Commitment to Building Strong, Vibrant Capital Market
The Federal Government has reiterated its commitment to strengthening the capital market to promote wealth creation for Nigerians and support national development. The Minister of State for Finance, Dr. Doris Uzoka-Anite stated this during a meeting with members of the board of the Securities and Exchange Commission in Abuja, over […]
BudgIT Raises Concern Over Irregularities in 2025 FG Proposed Budget, Calls for Prudent, Patriotic, and Inclusive Review by National Assembly
BudgIT, a civic-tech organisation promoting transparency, accountability, and effective service delivery in Nigeria, has observed certain legacy issues with the 2025 Federal Government Proposed Budget and calls on the National Assembly to proactively address the irregularities, exercise its “Powers of the Purse” responsibly, allow robust public participation in the budget […]
LG Allocation: SEC To Improve Framework On Borrowing By Governments, Corporates
The Securities and Exchange Commission has expressed its readiness to improve the regulatory framework as it regards borrowing by governments and corporates. Director General of the Commission, Dr. Emomotimi Agama who disclosed this during an interview, said this has become important given the critical role borrowing plays in the […]
GTCO PLC Raises ₦209 Billion in Equity Capital, Paves Way for Strategic Growth
Guaranty Trust Holding Company Plc (GTCO) has announced the successful completion of the first tranche of its equity capital raise programme, securing N209.41bn. The milestone follows the approval of the Basis of Allotment by the Securities and Exchange Commission (SEC) and the conclusion of a capital verification exercise by […]
2025: SEC to Intensify Crackdown on Ponzi Schemes …. Develop Commodities Market
The Securities and Exchange Commission (SEC) has emphasised that protecting investors remains a cornerstone of its mission assuring that the Commission will intensify efforts to stamp out Ponzi and pyramid schemes while paving the way for legitimate investment opportunities to thrive in 2025. Director General of the SEC, Dr. Emomotimi […]
Guinness Nigeria, Sterling Holding Company, Two Others Exits NGX 30 Index
The Nigerian Exchange Limited (NGX) has unveiled the results of its full-year market index review, leading to significant changes in its NGX 30 Index and other market indices. The updates, effective from (Today) Thursday, January 2, 2025, mark key developments for listed companies across various sectors. Conoil […]
Nigerian Breweries Plc Lists 20.7bn New Shares After Rights Issue
Nigerian Breweries Plc has announced the successful listing of 20,706,894,542 new ordinary shares of 50 Kobo each on the Nigerian Exchange Limited (NGX). This development follows the company’s recently concluded Rights Issue of 22,607,491,232 ordinary shares at N26.50 per share. This was contained in the company’s notice […]
NGX Bucks 2015 to 2019 Trend, Thrives in Roaring 20s … ASI closes 2024 at +37.65%
Nigerian Exchange Limited (NGX) has marked a remarkable turnaround, breaking away from the poor performance of the 2015–2019 period to thrive in the 2020s. Following the oil price crash in 2015 and the ensuing recession in 2016, the 2020s have ushered in a period of unprecedented growth for Nigeria’s stock […]