Investors on the Nigerian Exchange Limited, NGX, have gained N510 billion in two days of trading this week, a record not seen in 15 years. Investors recorded N325 billion on Monday trading which increased to N185 billion on Tuesday. The All-Share Index of the Nigerian Exchange Limited rose to 66,490.34 basis points at the close…
Dangote Cement has repurchased N41.155 billion worth of shares as it completed the first tranche of its share buyback programme announced in early July. In a corporate notice filed on the Nigerian Exchange Limited on Thursday, Dangote Cement said the first tranche commenced on Monday and was completed on Tuesday via the open market on…
The Nigerian Exchange Limited on the first trading day of the week shed seven billion naira, bringing to a halt a six-day of rally in the market, as Geregu Power equities dominated trading activities. NGX All-Share Index depreciated by 0.03 per cent to settle at 55,806.71 while the market cap dropped to N30.387tn, representing a…
TAJBank Limited says its recent N10 billion Sukuk, a non-interest bond, listed on the the Nigerian Exchange Limited, was informed by the growing market yearnings for Halal investment instruments. A statement from the Bank said the latest N10bn Mudarabah Sukuk issuance is second in the series after it successfully raised N11.4 billion under its N100bn…
Dangote Industries on Wednesday announced the completion of its N200bn series 1 and 2 Bonds listing on Nigerian Exchange Limited. The Chief Executive Officer, Dangote Industries Limited, Mr Olakunle Alake, speaking at the closing-gong ceremony to commemorate the listing of the bond held at the Exchange on Wednesday, expressed delight after the listing. Alake, who…
