Capital market

Showing: 451 - 460 of 514 Articles
Agriculture Business Solutions

NAHCO begins export of raw Nigerian foods abroad  

Lagos, May 13, 2023 – The Nigerian Aviation Handling Company (nahco aviance),  a ground handling service provider at Nigerian airports, has started exporting raw Nigerian foods abroad. The food export business is being done by its new subsidiary, NAHCO Food and Beverages Limited. It started with the exportation of fresh pepper after obtaining the necessary regulatory certification and approval from the Nigerian Agricultural Quarantine Service (NAQS) and with due consultation with foreign food standards agencies. The company said the new export business was being done in conjunction with some appointed …

Capital market

NGX organises webinar to create awareness on savings bonds

Lagos, May 13, 2023 – Nigerian Exchange Limited (NGX) will hold a virtual workshop on FGN Savings Bond in the bid to promote investor participation in Nigeria’s capital market and the secondary market, The virtual workshop being planned in collaboration with Afrinvest will hold be held on Thursday, May 25. A statement from the NGX in Lagos at the weekend said the workshop would bring together retail investors, trading license holders and regulators in the Nigerian capital market under a common forum to create awareness on the FGN Savings Bond …

Capital market

NGX index drops by -0.09% to close at 52,161.24

Lagos, May 11, 2023 – A total of 477.37 shares worth N5.24 billion were traded in 5,24 deals on the Nigerian Exchange on Thursday. The All-Share Index dropped by -0.09% to close at 52,161.24 from the 52,209.06 recorded on Wednesday. The market capitalization also depreciated by -0.09% to close at N28.402 trillion from the N28.428 trillion recorded on Wednesday. FCMB topped the losers, shedding -5.66 percent to close at N4.00 per share with a market value of N79.2 billion. Access Holding led in volume and value terms, trading 169.32 million …

Capital market Money market

Nigeria is borrowing more than it’s capacity – Budget Office

Abuja, May 11, 2023 – Ben Akabueze, the Director General of the Budget Office of the Federation, says the country is borrowing more than its capacity to repay. Akabueze, who was speaking at the induction of the lawmakers-elect in Abuja, said the country was fast exceeding its limited borrowing space. He said the country had one of the lowest Gross Domestic Product (GDP) to debt ratio in the world.  “That is why there is a fierce competition for the limited resources that can determine how much we can relatively borrow. “We now …

Business Solutions Capital market

Invest in FGN securities, DMO advises Nigerians

Port Harcourt, May 11, 2023 – Patience Oniha, the Director-General of the Debt Management Office (DMO), has advised Nigerians to take advantage of FGN securities to invest and earn regular income. Oniha, who gave the advice on Thursday in Port-Harcourt during the FGN Securities Issuance Awareness Programme, said the FGN securities were safe investment tools for retail investors. The DMO Chief was represented by Alfred Ekiye, the Deputy Director (Administration) in the DMO. She said that the awareness programme was organised in collaboration with CSL Stockbrokers Ltd., the stockbroking firm …

Capital market

NGX commends ASHON for enhancing professionalism, ethics in capital market

Lagos, May 10, 2023 – The Nigerian Exchange Limited (NGX) has commended the Association of Securities Dealing Houses (ASHON) for enhancing professionalism and ethical conduct in the market. This was disclosed at the Closing Gong Ceremony yesterday in Lagos commemorating the return of members of the ASHON to the trading floor of NGX. Speaking at the ceremony, the Chairman of NGX, represented by Director on the Board of NGX, Mr Kamarudeen Oladosu, said the event served as a recognition of the “remarkable contribution of the association to a dynamic, responsive, …

Business Planning Money market

Trust Bank offers N12.18bn to buy- out minority investors in Union Bank

Lagos, May 10, 2023 – Titan Trust Bank is offering N12.18 billion to minority investors in Union Bank of Nigeria (UBN) in its bid to acquire 100 per cent stake in Union Bank. In a statement to shareholders through the Nigerian Exchange Limited (NGX), Titan Trust Bank informed Union Bank’s board of its intention to acquire the remaining 1.74 billion shares in the hands of minority investors. Titan Trust Bank first acquired majority stake in UBN in June 2022, but by December 2022, it had acquired up to 94.5 per …

Business Planning Uncategorized

Canadian investors take interest in Ogun State

Abeokuta, May 10, 2023 – The Canadian investors are keen in investing in economic development of Ogun State. Jamie Christoff, the Canadian Ambassador to Nigeria, said this on Tuesday when he paid a courtesy call on Governor Dapo Abiodun. He said that Canada was interested in agriculture, technology and infrastructure sectors of the state, adding that the state had numerous opportunities that could attract Canadian investors. Christoff said he was in the state to know more of these opportunities and to discuss with government officials on areas that would be …

Capital market Money market

Nigeria has 15.8% shares in Shelter Afrique – Fashola

Abuja, May 9, 2023 – Nigeria currently owns 15.8 per cent of the shares in Shelter Afrique valued at $30,724,961.00. Babatunde Fashola, the Minister of Works and Housing, said this on Monday at the 42nd Annual General Meeting of the company. Shelter Afrique, also known as Company for Habitat and Housing in Africa, is a pan-African finance institution established in 1982 to exclusively support the development of real estate and housing sector in Africa. Forty-four African countries and the African Development Bank as well as the African Re-Insurance Corporation are …

Capital market

NGX traded N22.8bn worth of shares last week

Lagos, May 8, 2023 – A total of 2.973 billion shares worth N22.828 billion were traded in 23,765 deals on the Nigerian Exchange (NGX) last week. This was in contrast to the 14.029 billion shares valued at N59.007 billion exchanged in 24,048 deals in the preceding week. The Financial Services Industry, measured by volume, led the activity chart with 1.458 billion shares valued at N14.082 billion traded in 13,115 deals. The industry contributed 49.04 per cent and 61.69 per cent to the total equity turnover volume and value, respectively. The …


Notice: ob_end_flush(): Failed to send buffer of zlib output compression (0) in /home/gbn/public_html/wp-includes/functions.php on line 5493