Investors Bite

NGX Mulls Dual Listing with Saudi Stock Exchange

November 11, 2023/NGX The Group Chairman, Nigerian Exchange Group, Dr. Umaru Kwairanga has hinted at the proposed plans for dual listing with the Saudi Exchange, stressing that President Bola Tinubu’s economic reforms have created room for investment in Africa’s largest economy. Kwairanga, who was speaking on the sidelines of the […]

Bulls, FX Landscape Ensure NGX Weekly Gain of +0.9%, Buoyed by Bellwether Stocks

Notably, the market recorded gains on all trading sessions, driven by increased demand for BUACEMENT (+6.5%), FBNH (+12.4%), and SEPLAT (+3.9%). Accordingly, the All-Share Index advanced by 0.9% w/w to 70,854.18 points. November 10, 2023/Cordros Report Global The United Kingdom (UK) economy recorded no growth in Q3-23 as the effects […]

FCMB Completes Issuance of N26bn Series 2 Perpetual 16.00% Fixed Rate Resettable NC5.25

—-Additional Bonds Under the N300bn Debt Issuance Programme November 10, 2023/NGX FCMB Group Plc has successfully completed the issuance of a N26,000,000,000 Perpetual 16% Fixed Rate Resettable NC5.25 Additional Tier I Subordinated Bonds (“the Series 2 Bond” or “the AT1” or “the Instrument”) under the N300,000,000,000 Debt Issuance Programme.  The […]