Business Hilights

Tracking Nigeria's Headline Business News Online

Banking/Investments

Access Bank flags off DiamondXtra Season 15, targets many customers

Access Bank has unveiled the Season 15 of its DiamondXtra Savings Promo at a well-attended event held at the bank’s Computer Village branch, Ikeja Lagos. Tagged XtraAwoof Season, the bank said the promo is part of an effort aimed at…

NGX partners UK government’s MOBILIST programme

Nigerian Exchange Limited (NGX) will partner with the UK government’s Mobilising Institutional Capital Through Listed Product Structures (MOBILIST) programme to enable greater investment toward achieving the United Nations Sustainable Development Goals (SDGs) in Africa through products listed on the Exchange….

NITDA warns on DDOS attack targeting critical national infrastructures

The National Information Technology Development Agency (NITDA), through its Computer Emergency Readiness and Response Team has detected activities of a hacktivist group targeting our vital digital infrastructure. The hacktivist group, known for its politically and religiously motivated cyber campaigns, poses…

Tinubu silent on repairing refineries, instant palliatives—Nigerians

Whereas majority of Nigerians who reviewed the address of President Bola Tinubu to the nation last night have argued that his silence over the state of the refineries is very disheartening. They also decried his quietness on providing instant palliatives…

Impressive earnings boost NGX market cap up by N1.8trn in July

Transactions at Nigerian Exchange Limited (NGX) closed the month of July 2023 on a positive note as earnings and dividend declaration from quoted companies helped NGX market cap gain N1.814 trillion. The gain was also supported by insider dealings among…

ESG Compliance Critical to FDIs in Capital Market – Chiemeka

The Divisional Head, Capital Markets at Nigerian Exchange Limited (NGX), Jude Chiemeka, has highlighted the importance of Environmental, Social, and Governance (ESG) compliance and the democratization of data in attracting investments and enhancing stock liquidity in the Nigerian capital market….

MPC votes to raise MPR by 25bps to 18.75%

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) voted to increase the Monetary Policy Rate (MPR) further by 25bps to 18.75% at its July policy meeting. In addition, the Committee voted to narrow the asymmetric corridor…

NGX Group Declares Interim Dividend Payment

Following the emergency meeting of the Board of Directors on Tuesday, 25 July 2023, Nigerian Exchange Group Plc (“NGX Group” or “The Company”) today announces an interim dividend of 25 kobo per ordinary share of 50 kobo each, distributable to…

NGX gives insight on why it reclassified Fidelity Bank stock at Exchange

The management of the Nigerian Exchange Limited (NGX) has provided explanations on why it recently reclassified the bank’s stock from small to medium stock. A statement by Joseph Kadiri, Media Relations, Corporate Communications of the NGX, said the reclassification became…

Foreign transactions on NGX rise to N145.1bn in six months

Amid the bounce of a new administration and raft of changes in government policies, total foreign transactions performed by investors at the floor of the Nigerian Exchange Limited (NGX) grew to N145.08 billion in the first six months (H1) of…