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Jul
July 25, 2023
| Local investors’ participation in equity market hits N1.3 trillion – Guardian |
| Capital flight triggered by legacy issues of Foreign Exchange (Forex) liquidity, rising insecurity and uncertainty in the nation’s economy, continues to take a toll on foreign investment as participation in the first six months of 2023 closed at N145.08 billion, far lower than N1.306 trillion transactions recorded by domestic investors within the same period………….. .. …… .. …. . ……….. ………. …………. . ….. . … …………….……..Read More |
Geregu Power, Transcorp, Sterling Bank Admitted into Vetiva’s Equity ETF – Thisday |
| Vetiva Fund Managers Limited (Vetiva) yesterday announced the review of its Nigerian Exchange Limited 30 Index (NGX 30) with the incoming of Geregu Power Plc, Transcorp Hotels Plc, and Sterling bank Plc into its Vetiva’s Equity Exchange Traded Fund (ETF), while the likes of Custodian & Allied Plc, Wema Bank Plc, and Unilever Nigeria Plc are the outgoing stocks. …………….. .. …….. . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More |
At 68.46%, NGX Banking Index Leads Other Major Indices on NGX – Thisday |
| Amid the Central Bank of Nigeria (CBN) free float of the naira, the Nigerian Exchange Limited Banking Index (NGX Banking) has appreciated by 68.46 per cent Year-till-Date (Ytd) , outpacing other indices on the bourse. The NGX Banking as of July 21 has surpassed the NGX All-Share Index that closed at 26.83 per cent YtD growth as the stock market has witnessed 16-year rally..,….. ………. .. …….. . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More |
eTranzact processes over N50tr transactions in 2022, grows profit by 157% – Guardian |
| eTranzact International Plc recorded a 157 per cent growth in its profit after tax (PAT), pushing the figure from N455.9 million recorded 2021 to N1.17 billion last year. The company also processed over N50 trillion in transactions, a sharp increase from N39 trillion processed in 2021 – a record that demonstrates the growth of electronic payment.. … ……….. .. …….. . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More |
FBN Holdings to raise fresh capital – Punch |
| Financial services, FBN Holdings Plc, has said it will raise fresh capital subject to the approval of shareholders at the group’s annual general meeting scheduled for next month. This was contained in the group’s notice of its 11th annual general meeting issued to shareholders. According to the notice, FBN planned to raise capital by way of a rights issue….. ……….. .. …….. . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More |
Chemical and Allied Products Plc appoints Aramide Nwokediuko as company secretary – Nairametrics |
| Chemical and Allied Products Plc has announced the appointment of Mrs Aramide Nwokediuko as Company Secretary. This was disclosed in an official statement signed by the MD, Bolarin Okunowo which was sent to Nigeria Exchange Limited…… ……….. .. …….. . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More |