Investors Bite

Nigerian Enamelware Cancels Proposed Bonus of 3 New Shares for Every 2 Shares Held

March 9, 2023/NGX We refer to the corporate action announcement dated February 28, 2023 in reference to the proposed bonus of 3 new shares for every 2 shares held. At the 6299 Annual General Meeting of Nigerian Enamelware Plc duly held and convened at Olokun Hall, Lagos Airport Hotel, Awolowo […]

SEC Approves Dangote Cement New Share Buy-Back Programme to Expire December 2023

March 9, 2023/NGX Dangote Cement Plc, Africa’s largest cement producer, announces that the Securities and Exchange Commission has approved the establishment of a new share buy-back programme. The programme will expire on 12 December 2023, 12 months from the date of the shareholders’ resolution.  The share buy-back programme will be […]

Domestic Outperform Foreign Investors by 74% in January 2023

March 9, 2023/NGX On a monthly basis, Nigerian Exchange Limited (“NGX”) polls trading figures from market operators on their Domestic and Foreign Portfolio Investment (FPI)2 flows. As at 31 January 2023, total transactions at the nation’s bourse increased by 38.66% from N140.70billion (about $305.15million) in December 3 2022 to N195.10billion […]