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Also, the banking sector also rose by 1.43 per cent at the end of last week’s transactions on the equities sector of the NGX, emerging the best performing index last week.
Dangote Cement Plc and 10 listed firms on the Nigerian Exchange (NGX) have declared a N762.121 billion dividend payout for the 2022 financial year.
Source: https://guardian.ng/features/education/mtn-partners-yabatech-on-youth-empowerment-skill-training/
Despite years of stability of the NGX, many Nigerian youths have continued to diversify and hedge their investment portfolios through virtual currencies, online bets and international stocks with no interest in short term instruments.
Dr. Umaru Kwairanga, Chairman of NGX Group, expressed his satisfaction with these changes, citing effective succession planning.
Meanwhile, as of the time of filing this report, the first power firm to be listed in the country’s history had added N372.5bn to the overall market capitalisation of NGX, becoming the eighth most valuable stock on the NGX with N122.5bn market cap.
Source: https://punchng.com/capital-market-players-foresee-election-year-turbulence-recovery/
Meanwhile, as of the time of filing this report, the first power firm to be listed in the country’s history had added N372.5bn to the overall market capitalisation of NGX, becoming the eighth most valuable stock on the NGX with N122.5bn market cap.
Source: https://punchng.com/capital-market-players-foresee-election-year-turbulence-recovery/
On the other hand, the NGX Banking index declined by 2.6 per cent W-o-W.
Overall, this partnership between the IsDBI and the NGX opens doors for a longer-term strategic relationship between both institutions to further develop and deepen the Islamic capital markets in Nigeria.
The current GMD/CEO of NGX Group, Mr. Oscar Onyema will finish his tenure on March 31, 2024, and ahead of this, he will embark on his terminal leave effective January 1, 2024.
Source: https://leadership.ng/ngx-group-appoints-popoola-as-gmd-ceo/
The NGX All Share Index also appreciated by 477.84 basis points to 55806.27 points from 55328.42 points reported on monday.
Source: https://www.blueprint.ng/stock-market-enjoys-growth-despite-election-musings/
The NGX All-Share Index ended the week 0.16 per cent week-on-week (W-o-W) higher to close at 52,594.68 basis points from 52,512.48 basis points it opened for trading.
This was disclosed in a notice by NGX Head of Listings Regulation Department, Godstime Iwenekhai.
Transactions on the equities sector of the Nigerian Exchange Limited (NGX) sustained a rising profile yesterday, as investors’ wealth increased further by N86 billion in four trading days.
Source: https://guardian.ng/business-services/investors-fortune-rises-by-n86-billion-in-four-trading-days/
Zenith Bank has been generally adjudged a Corporate Governance compliant bank by the Nigerian Exchange (NGX) hence its listing on the Premium Board of the Exchange.