Tag
CAPITAL MARKET
The ongoing Initial Public Offer (IPO) of Dangote Petroleum Refinery has surpassed the digital subscription levels achieved by the public offers of MTN Nigeria and GTCO within its first day, according to Chapel Hill Denham.
In Nigeria, the capital market has grown to become not only a platform for raising funds but a critical vehicle for economic transformation, supporting industrialization, wealth creation, innovation, and infrastructure development.
The Securities and Exchange Commission (SEC) explained that it granted approval in principle to two crypto exchanges recently to give Nigerian youths the opportunity for capital market participation.
Nigerian corporates retreat from the capital market as CBN's rate hikes surge borrowing costs, impacting new listings and economic growth.
Financial analysts have forecasted a likely pullback in the stock market during the second half of 2024, following a peak in the first half of the year.
NGX emphasized the significance of encouraging listings through enabling policies and incentives for potential companies.
Shareholders of Africa Prudential Plc have endorsed the recommendation of the Board of Directors for a full-year dividend of N900 million, which translates to a dividend payout of forty-five (45) kobo per share.
Some financial analysts have anticipated high yields for Transcorp Power shares, identifying potential opportunities for savvy investors.
The Chairman of the Senate Committee on Capital Market, Osita Izunazo has said that the Senate will review legislative frameworks awaiting amendment in the National Assembly to boost more listings and curb tax evasion
Uche Uwaleke has stressed the need for the government to unlock the huge potential of long-term financing inherent in the capital market and ensure borrowings tied to infrastructure bonds.
Financial experts believe that the suspension of CBN Governor Godwin Emefiele will stabilize the capital market and foreign exchange market.
Financial analysts at Coronation Research explained why the impact of fuel subsidy removal will affect listed companies across board.