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NGX
Between 2021 and 2023, about 13 firms delisted from the Nigerian Exchange (NGX), due to varying reasons, from breach of regulatory requirements to voluntary delisting. With the cumulative market cap of the companies amounted to N335.5 billion.
Foreign portfolio inflows into Nigeria's Stock Market (NGX) reached N93.37 billion in the first quarter of 2024, marking a 415% increase compared to the same period in 2023.
Following a brief uptick on April 25, 2024, the NGX resumed its downward trajectory on Friday, April 26, concluding the week with minimal movement.
Meet the visionary CEOs behind the NGX's top-performing companies, driving unprecedented financial success.
Since the start of April 2024, the NGX has been a bearish run, with the All-Share Index declining by 6.16%, and the market capitalization declining by N3.63 trillion within the same period.
The Nigerian Stock Exchange (NGX) closed on a bearish note as selloffs overtook buying activities.
The company will also seek shareholders’ approval that the company's Memorandum and Articles of Association (MemArts) will be modified to allow for a share buyback and share capital reduction.
Oando Plc has released its FY 2022 financial statements, posting a loss after tax of N81.2 billon during the year. This marks a significant decline from the N32.9 billion profit after tax recorded in FY2021.
The board of LivingTrust Mortgage Bank Plc has appointed Dr. Wale Bolorunduro as Chairman of the company.
A letter of resignation seen by Nairametrics indicates Dr. Adesola Adedutan has resigned from his position as Managing Director of First Bank Ltd.
Recall that on March 28, 2024, the CBN revised the minimum capital requirements for banks. And since then, the market capitalization of banking stocks in the NGX has declined by 26.7%. Between March 28 and April 18, the cumulative market cap of banking stocks in the NGX declined from N8.08 trillion to N6.34 trillion.
UBA shareholders will receive a final dividend of N78.7 billion for FY 2023, representing N2.30 per ordinary share held. Combined with an interim dividend of N0.50 per share paid for H1 2023, UBA paid a total dividend of N2.80 per share, amounting to N95.8 billion.