NGX All-Share Index slips, down 2bps on Thursday trading
Yesterday, Thursday, the Lagos bourse reversed some of the previous session’s gains as the benchmark index slipped by 0.02% to close at 47,353.22 points. Renewed selloffs in SEPLAT (-3.13%) drove the market’s weak performance. In addition, losses in NB (-1.98%)…
NGX, CFA Society Nigeria partner on Capacity for Derivatives Market
Nigerian Exchange Limited (“NGX” or “The Exchange”) and CFA Society Nigeria are set to host a series of workshops and trainings aimed at building capacity of market participants and deepening liquidity for derivatives products in the Nigerian capital market. The…
Stanbic IBTC Infrastructure Fund 2021 Distribution to Unit Holders
Stanbic IBTC Asset Management, a subsidiary of Stanbic IBTC Holdings PLC recently announced its final 2021 distribution of NGN2.00 per unit to unit holders invested in Tranche I of the Stanbic IBTC Infrastructure Fund (“the Infrastructure Fund”). The distribution, which…
NGX, IFC Partner to Build Capacity on Green Bonds Issuance
Nigerian Exchange Limited (“NGX” or “The Exchange”) in collaboration with International Finance Corporation (IFC) – a member of the World Bank Group – hosted a training for issuers and market operators on the issuance of sustainable financial instruments on 10th…
NGX All-Share Index rebounds, up 5bps on Wednesday
Wednesday, bullish sentiments returned to the local bourse, snapping two consecutive sessions of loss this week as the benchmark index eked out a 0.05% gain to close at 47,364.46 points. Buying interest in MTNN (+0.24%) was the primary driver of…
Access Bank commissions, empowers 100,000 Access Closa agents nationwide
Access Bank has once again, reaffirmed its leading retail financial institution following the recent successful commissioning and empowering of 100,000 Access Closa agents nationwide. The feat will among other things, provide more than banking services to both existing and new…
NGX All-Share Index sheds 19bps Tuesday
Nigerian equities were bearish as the NGX All-Share Index closed 0.19% lower at 47,340.86 points, marking its second successive decline. On market movers, continued selloffs in SEPLAT (-3.03%) dragged the index following the pullback in oil prices. In addition, declines…
Abbey Mortgage Bank introduces Mobile Banking App
Abbey Mortgage Bank once again blazed the trail in the financial services industry with the launch of its data friendly mobile banking application. The App launch which took place at the company’s head office in Victoria Island, Lagos, will provide…
CBN releases operating guidelines for repatriation of the non-oil export proceeds
The Central Bank of Nigeria (CBN) late last month, released the operating guidelines for the non-oil export proceeds repatriation rebate scheme as introduced in the RT200 FX programme. Precisely, the guideline stipulates that exporters will be paid (1) NGN65.00 for…
NGX Partners with MTN to deepen Retail Participation in Capital Market
Nigerian Exchange Limited and MTN Nigeria Communications Plc (MTNN) have announced the signing of a Memorandum of Understanding (MoU) to further promote financial literacy and enhance retail participation in the Nigerian capital market. The announcement was made at the signing…
