Capital Market

NGX Announces Prohibition of Cash Payments for Purchase and Sale of Securities

September 26, 2023/NGX Trading License Holders are reminded that cash payments for the purchase and sale of securities is strictly prohibited. The relevant provisions of the Rulebook of The Exchange, 2015 (Dealing Members’ Rules) have been reproduced below for ease of reference:  Rule 11.13: Payments for Purchase or Sale of […]

NGX Removes Compliance Status Indicator of BLS Beside Transcorp Hotels over Compliance

September 25, 2023/NGX Transcorp Hotels Plc has notified that further to the Company achieving compliance with Nigerian Exchange Limited’s (NGX) free float requirement for companies listed on its Main Board, the NGX has removed the Compliance Status Indicator (CSI) of BLS (Below Listing Standard) placed beside the Company’s name across […]

NGX RegCo Unveils Code of Conduct for Approved Persons of Trading License Holders of NGX

September 25, 2023/NGX NGX Regulation Limited (“NGX RegCo”) is pleased to announce the release of the “Code of Conduct for Approved Persons of Trading License Holders” (“The Code”) of Nigerian Exchange Limited (NGX), in keeping with its commitment to promoting high professional standards and ethical conduct within the capital market. […]