Nigerian Bourse advances, returns 2.52% WtD
The Nigerian stock market closed higher last week, driven by gains in the prices of 51 stocks that appreciated week on week. The All Share Index and Market capitalization soared by 2.52% to settle at 52,512.48 points and N28.602 trillion respectively. An aggregate of over 1.29 billion units of shares […]
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JanNGX to review 2022 market performance and provide 2023 outlook
Nigerian Exchange Limited (NGX) has announced that it will host the 2022 Market Recap and 2023 Outlook event on Wednesday, 25 January 2023. NGX Market Recap and Outlook is an annual event designed to review market performance in the preceding year and present expert predictions for the Nigerian capital market[…]
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JanStock market sustains uptrend, grows by 0.62%
The Nigerian stock market sustained uptrend on Thursday, growing back to back as the All Share Index appreciated by 0.62% to close at 52,048.85 points from the previous close of 51,729.87 points. Investors gained N174 billion as the Market Capitalization grew by 0.62% to close at N28.350 trillion from the[…]
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JanMutual Funds: SEC commences enforcement of independent custody.
The Securities and Exchange Commission (SEC) has commenced full enforcement of a regulatory framework that mandates mutual funds’ managers to hold clients’ investment assets under independent custody. According to Lamido Yuguda, Director General, Securities and Exchange Commission (SEC), the full enforcement of the custody requirement on all mutual funds was part of[…]
