NGX confirms Jude Chiemeka CEO
Nigerian Exchange Group Plc (NGX Group) has confirmed the appointment of Jude Chiemeka as the Chief Executive Officer of Nigerian Exchange Limited (NGX) effective July 1, 2024, in line with the Securities
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‘Why recapitalisation will not guarantee efficient banking sector’
Amid efforts to raise minimum capital in line with new regulatory thresholds, experts have insisted that building banks that are supportive of economic growth goes beyond money. According to analysts, there is
Industrial goods upturn 2023 poor performance, record 73% gain in H1
Contrary to the paltry 12 per cent return on investment recorded by the industrial goods segment of the Nigerian Exchange Limited (NGX) last year, the sector has outperformed other segments to gain
Neimeth targets N5b turnover this year
Neimeth International Pharmaceuticals Plc plans to grow its turnover by more than 127.7 per cent in the 2024 financial year compared to what it made in 2023. The company plans to generate
NGX resumes July on negative note as capitalisation dips by N21 billion
Following losses suffered by many bluechip companies, transactions on the Nigerian Exchange Limited (NGX) resumed trading for the month of July on a downward note yesterday, as market capitalisation declined by N21
NGX enlightens NHEF scholars on sustainable finance, investing
Nigerian Exchange Limited (NGX) has hosted over a hundred scholars from Nigerian Higher Education Foundation (NHEF) as part of its financial literacy initiative, X-Lit on Tuesday. The event was aimed at deepening
Quality leadership, Doggedness others lift NEM insurance profit to N19.2b
NEM insurance has stated that the current milestone and improved performance recorded by the company is due to its sacrifice, doggedness and quality leadership, assuring shareholders that the firm will do everything
Stock market investors gain N15.6 trillion in six months
Despite low foreign participation in the Nigerian stock market due to uncertainty, foreign exchange crisis, rising inflation rate and other macroeconomic challenges, investors gained N15.64 trillion in the first half of (H1)
Afreximbank projects decline in Africa’s inflation to 12.3% in 2025
Africa’s inflation has been projected to rise to 17.8 per cent in 2024 from 17 per cent a year earlier, before declining to 12.3 per cent in 2025. The projection is premised
No immediate relief for Nigeria over rising debt
Cowry Research said there is no immediate relief for Nigeria’s debt levels and debt service costs, even as financing costs are expected to continue to consume a larger portion of the federal
‘Nigerian capital market well positioned to support bank recapitalisation’
The Nigerian capital market is strategically positioned to drive the ongoing bank recapitalisation exercise, leveraging advanced technology to facilitate the capital-raising efforts in line with the Central Bank of Nigeria’s new requirements.