Business news
The first local currency-denominated infrastructure investment trust fund in Nigeria and Sub-Saharan Africa, Nigeria Infrastructure Debt Fund (NIBF) has been listed on Nigerian Exchange Limited (NGX). The listed, which took place on Thursday 5 October, was commemorated with a Closing Gong Ceremony where the management of the Funds engaged market stakeholders with a Facts Behind […]
In a significant development, Nigerian Exchange Limited (NGX) is set to admit the Nigeria Infrastructure Debt Fund (NIDF), a N200 billion public infrastructure investment fund by Chapel Hill Denham, onto the Exchange. The Exchange, in commemorating the listing, will host a Facts Behind the Listing and Closing Gong Ceremony on Thursday, October 5, 2023. […]
NGX Regulation Limited (“NGX RegCo”) is pleased to announce the release of the “Code of Conduct for Approved Persons of Trading License Holders” (“The Code”) of Nigerian Exchange Limited (NGX), in keeping with its commitment to promoting high professional standards and ethical conduct within the capital market. Approved by the Securities and Exchange […]
The CEO of Nigerian Exchange Limited, Mr. Temi Popoola, has affirmed that NGX is fully poised to lend its support to the Federal Government’s objectives. NGX aims to achieve this by mobilizing capital, which, as he put it, “will address government challenges and foster wealth creation for Nigerians.” This assertion comes in the wake […]
The Federal Government through the Ministry of Communications, Innovation and Digital Economy has said it intends to collaborate with Nigerian Exchange Limited (NGX) to stimulate startup listings with the newly created NGX Technology Board. The Minister of Communications, Innovation and Digital Economy, Bosun Tijani, stated this during a tech event themed; Invest in […]
NG Clearing, West Africa’s Premier Central Counterparty, is delighted to announce the appointment of Mr. Farooq Adedayo Oreagba as its new Managing Director and Chief Executive Officer, subject to approval from the Securities and Exchange Commission (SEC). The Board of Directors of NG Clearing has unanimously appointed Mr. Oreagba to this esteemed role, recognizing […]
Nigerian Exchange Limited (NGX) and United Nations Women (UN Women) will partner on the integration of gender bonds and other gender-themed sustainable financing mechanisms as strategic instruments to drive gender equality and sustainable development in Nigeria. This was deliberated at a high-level engagement between NGX and UN Women officials during the visit of […]
The President of the Federal Republic of Nigeria, H.E. Bola Ahmed Tinubu will ring the Closing Bell of NASDAQ in New York, United States as part of proceedings at the Executive Business Dialogue organized by United States Chamber of Commerce, Nigerian Exchange Group Plc (NGX Group) and Nigerian Investment Promotion Council (NIPC). Scheduled […]
Nigerian Exchange Limited (NGX) has commended the leadership of Chams Holding Plc (Chams HoldCo) for leveraging the Facts Behind the Figures (“FBF”) platform of the Exchange to engage the market on its performance and strategy, urging continued transparency. The Divisional Head, Capital Markets, NGX, Mr Jude Chiemeka stated this at the FBF presentation of […]
Many of Nigeria’s big companies across various sectors of the economy may be gasping for breath following the sustained scarcity of foreign exchange (forex) resources. This also comes at the backdrop of a sharp rise in exchange rate in the later part of second quarter 2023, Q2’23. The companies had taken forex loans for imported […]