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SEC Unveils New Rule on Shariah Advisory Services for Non-Interest Capital Market Products, Services

September 30, 2022/SEC Nigeria Preamble The Non-interest Capital Market activities in recent times are exponentially increasing. The market is witnessing the entrance of more asset managers, emergence of i-REIT, listing of sovereign Sukuk on the Exchanges, issuance of corporate Sukuk, emergence of shariah advisory function etc. These developments coupled with […]

Nigerian Bourse Records Marginal Gain +0.02% on Industrial, Oil & Gas Sectors

September 28, 2022/InvestmentOne Report The local equities market appreciated slightly by 0.02% as the NGX-ASI settled at 49,171.70pts.   In today’s trade, market breadth index was broadly negative with 20 losers against 7 gainers.  CHAMS (+8.00%) led the gainers, while JAPAULGOLD (-10.00%) was the top loser today.  GTCO (-4.00%) was the most […]

McNichols Announces Rights Issue of 531.24m Ordinary Shares

September 26, 2022/NGX McNichols Consolidated Plc (McNichols or the Company) has through its Stockbrokers, Future view Securities Limited, submitted an application to Nigerian Exchange Limited for the approval and listing of a Rights Issue of Five Hundred and Thirty-One Million, Two Hundred and Forty-Two Thousand, Six Hundred and Nine (531,242,609) […]