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AugSEC, NGX, PENCOM pledges commitment to deepening securities lending
In a bid to boost investor participation and securities lending transactions in the Nigerian capital market, the Securities and Exchange Commission (SEC), National Pension Commission (PENCOM) and Nigerian Exchange Limited (NGX) have reiterated their commitment towards deepening the securities lending landscape. This was stated at a recent virtual workshop held […]
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AugPetrol price grew by 215.95% year on year- NBS
The National Bureau of Statistics has revealed that the average retail price paid by consumers for Premium Motor Spirit (Petrol) for the month of July 2023 was N600.35, indicating a 215.95% increase when compared to the value recorded in July 2022 (N190.01). Comparing the average price value with the previous[…]
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AugStock market sustains bullish trend, gained N157b
The Nigerian stock market on Tuesday sustained marginal bullish trend, gaining three out of the last three trading sessions. The All Share Index appreciated by 0.44%, closing at 65,488.67 points from the previous close of 65,202.41 points. Investors gained N157 billion as the Market Capitalisation grew by 0.44% to close[…]
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AugMTN lists 641m ordinary shares from scrip dividend on NGX
The Nigerian Exchange has admitted additional 641 million ordinary shares of MTN Nigerian Plc into its platform arising from the company’s scrip dividend scheme. In a notice to Trading licence holders, the NGX Exchange Limited stated thus: “Trading License Holders are hereby notified that additional 641,047,053 ordinary shares of 2[…]
