19
May
May 19, 2023
| NGX restrategises to boost listing, market participation • As market capitalisation dips by N257 billion – Guardian |
| Nigerian Exchange Limited (NGX) has disclosed plans to partner the incoming administration to develop the right policies that will promote and attract listings in the capital market. This is just as the exchange revealed that despite a total of N360 trillion moved within the Nigerian economy in 2022, only N1 trillion made its way into the capital market…….,…. ……… .. .. ….. .. ….. …….. …………….……..Read More |
NGX demands corporate governance from companies – Punch |
| The Chief Executive Officer of the Nigerian Exchange Limited, Temi Popoola, has said that compliance with corporate governance will boost investors’ confidence in the country. Popoola said this on Thursday at the maiden annual Colloquium of the Corporate Governance organised by the NGX, Nigeria Bar Association Business Law Section and the Institute of Directors in Lagos. ……….. ………. …………. . ….. . … …………….……..Read More |
Foreign transactions on capital market dip by 75% in eight years – Guardian |
| Market uncertainty, political risk and foreign exchange (FX) illiquidity and other headwinds have triggered an unprecedented drop in foreign appetite for the Nigerian capital market as total foreign transactions executed on the equities market declined by about 75 per cent in the last eight years. An analysis of the Domestic and Foreign Portfolio Investment Report of the Nigerian Exchange Limited (NGX) indicates that total foreign transactions which rose to N99.11 billion in January 2015, plummeted to N24.9 billion as at January 2023….. …. .. .. .,……. .. …… . ….. . … …………….……..Read More |
Firms in court for illegal N3bn investments – SEC – Punch |
| The Securities and Exchange Commission on Thursday said the Federal Government had sued Elixir Asset Management Limited and Elixir Investment Partners Limited, along with two of their directors at the Federal High Court sitting in Ikoyi, Lagos over allegations of fraud worth over N3bn. In a statement issued on Thursday by the SEC, it was revealed that four counts of fraud were levelled against the accused firms by the Federal Government….. .., … .. .,……. .. …… . ….. . … …………….……..Read More |
Eterna Will Remain Competitive Amid Imminent Fuel-subsidy Removal – Thisday |
| The Chairman of Eterna Plc, Dr. Gabriel Ogbechie has promised shareholders and stakeholders that the company will remain competitive even in the face of an imminent fuel-subsidy removal. He stated this while speaking during the company’s 30th Annual General Meeting (AGM) held in Lagos. He assured Eterna’s shareholders that the Board of Directors will live up to its promise and will keep working towards a profitable company…. .., … .. .,……. .. …… . ….. . … …………….……..Read More |
Breath of Fresh Air Pervades Seplat – Thisday |
| Wale Igbintade reviews the striking out of the suit filed by aggrieved shareholders of Seplat, and the vacation of their ex-parte order restraining officials of the company from performing their duties by the Court of Appeal The crisis rocking Seplat Energy Plc is beginning to ease off following the withdrawal of the suit filed at the Federal High Court in Lagos by aggrieved shareholders of the company against the Chief Executive Officer, Mr. Roger Brown, and the Chairman, Board of Directors, Mr. Basil Omiyi, over alleged racism….. .., … .. .,……. .. …… . ….. . … …………….……..Read More |