25

Aug

SEC, 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 in collaboration with Central Securities Clearing System […]

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23

Aug

Petrol 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 month (.i.e. June 2023), the average retail[…]

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22

Aug

MTN 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 kobo each of MTN Nigeria Communication Plc[…]

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