Tag
NGX
While the declared dividend, coupled with the upward trend in share price and robust liquidity, is expected to bolster the stock's investment allure, the critical question remains: Can TRANSPOWER maintain investors' sentiment and confidence?
NGX emphasized the significance of encouraging listings through enabling policies and incentives for potential companies.
The NGX continued its bearish trajectory for the second consecutive week as the market recorded a 1.09% decline during the week ending April 12, 2024, to close at 102,314.56 points from the previous week’s 103,437.67 points.
The Nigerian Exchange Limited (NGX) has listed Royal Exchange Plc’s rights issue of 3.121 billion ordinary shares of 50 kobo each on its Daily Official List.
Nigerian Breweries Plc has indicated plans for a company-wide reorganisation which include the temporary suspension of operations in two of its nine breweries.
The five IT firms listed on the NGX collectively experienced an 832% increase in profits, with their pre-tax profits rising from to N3.83 billion, reversing the cumulative loss of N523 million posted in FY 2022.
Wema Bank emerged as the top profitable companies in Nigeria in 2023, largely propelled by a substantial increase in foreign exchange gains during that period.
Mr. Temi Popoola, has been elected Chairman of Central Securities Clearing System (CSCS) Plc, effective April 1, 2024; succeeding Mr. Oscar N. Onyema, OON, who retired after thirteen years of exemplary service as Chairman.
NGX Group Plc has announced its investment in the Ethiopian Securities Exchange (ESX), leading a charge of institutional investors to inject capital into the exchange’s operationalization. It is noted that the NGX is largest foreign institutional investor in the ESX.
Head of investment and research at Meristem Securities Limited, Praise Ihensekhien, has hinted that the recent recapitalization policy by the Central Bank of Nigeria (CBN) could result in a shift of preference among shareholders and investors towards bank stocks, due to an increased flow of liquidity into the banking sector.
With the listing of the additional 63,342,455 ordinary shares, the total issued and fully paid-up shares of VFD has now increased from 190,027,365 to 253,369,820 ordinary shares of 50 kobo each.
Fidson Healthcare Plc posted a pre-tax profit of N5.9 billion in FY 2023, representing a marginal 2.4% increase from the N5.8 billion posted in 2022.