NGX taps USSD technology to drive investors’ engagement in capital markets
Post AMUGE
June 11, 2024
Business a.m. Reporter Nigerian Exchange Limited (NGX) has urged investors in the Nigerian capital market to embrace the organisation’s new Unstructured Supplementary Service Data (USSD) platform, designed to enhance access to the market and facilitate investments. NGX stated this during its Investor Education Series, held in partnership with Meristem via a Zoom meeting, themed “Unlocking […]
Private companies face N15bn limit on capital raise under new SEC rules
Post AMUGEMay 14, 2024
Onome Amuge The Securities and Exchange Commission (SEC Nigeria) has unleashed a transformative set of regulations governing the issuance and allotment of securities by private companies, imposing a ceiling of N15 billion per annum. SEC highlighted the importance of adhering to these regulations by outlining stringent penalties for any person or entity that issues or […]
Access Holdings’ shareholders endorse $1.5bn capital raising drive with unanimous backing
Post AMUGEApril 19, 2024
Applaud Aig-Imoukhuede’s homecoming as chairman to drive financial success Onome Amuge Access Holdings Plc shareholders turned out in full force at the company’s 2nd annual general meeting, showering the group with an overwhelming vote of confidence in its ambitious plans to raise up to $1.5 billion in capital. The shareholders not only backed the […]
Nigerian Breweries eyes N600bn rights issue to boost capital
Post AMUGEApril 4, 2024
Joy Agwunobi Nigerian Breweries Plc, one of the leading companies in the Nigerian brewing industry, is planning to raise up to N600 billion through rights issues. The move, which is intended to tackle the negative impacts of the devaluation of the Naira and high borrowing costs on the company’s financial health, comes as the brewery […]
Access Holdings off the blocks with N365bn rights issue capital booster
Post AMUGEMarch 28, 2024
Cynthia Ezekwe With its sights set on continued growth, Access Holdings Plc has unveiled an ambitious plan to raise N365 billion through a rights issue. The capital-raising plan, which is pending regulatory approval, is a move that is set to strengthen the company’s capital base, setting it up for even greater success in the years […]
NNPC chief talks up exchange listing in commercialisation push
Post AMUGEMarch 25, 2024
Joy Agwunobi The Nigerian National Petroleum Company Limited (NNPC) is on the cusp of a major transformation, with a plan to list itself on the Nigerian Exchange, paving the way for a new era of transparency and accountability, as the company becomes subject to the public scrutiny that comes with being a publicly listed entity. […]
SEC, IFSB hosts maiden global forum on non-interest capital markets
Post AMUGEDecember 4, 2023
says AuM of Shariah-compliant funds stands at N95bn Mike Ochonma In a bid to tackle the challenges hampering faster development of the Non-lnterest Capital Market (NICM) in Nigeria, the Securities and Exchange Commission (SEC) and the Islamic Financial Services Board (IFSB), an international standard-setting body with a vested interest in ensuring the soundness and stability […]
ACCESS BANK PLC – Higher dividend payout drives valuation leap- VETIVA Report
Businessam StaffMarch 26, 2022
What shaped the past week? Global: Sentiment across the global space was mixed this week, as the ongoing conflict in Ukraine remains in focus. Starting in Asia, markets in the region traded in a mixed manner, with the Japanese Nikkei-225 and south Korean Kospi closing higher, while the Shanghai Composite and Hang Seng Index closed […]
NASD market cap down to N543.9bn as investors lose N400m from price decline in large-cap stocks
Charles AbuedeMay 25, 2021
Charles Abuede The NASD Over-the-counter Securities Exchange’s market capitalisation dipped 0.07 per cent to N543.91 billion on Tuesday following price declines in Friesland Wamco and the Nigerian Exchange Group by N1.93 and N0.38 respectively as the NASD Securities Index (NSI) declined 0.07 per cent to 765.20 points. As a result, market investors lost N400 million. […]
Sell-offs in Airtel, DangCem and Zenith Bank results in N301bn loss for investors
Charles AbuedeMay 19, 2021
Charles Abuede The resurfacing of the bears on Wednesday brought about a N301 billion loss to market investors. The local bourse extended the previous sessions’ negative performance as the All-Share Index fell by 1.48 per cent to close at 38,446.09 points due to sell-offs in Airtel Africa (-10.0%), Dangote Cement (-0.5%), and Zenith Bank (-2.1%). […]