Indian Continent Investment, a company associated with Airtel Africa board member Shravin Bharti Mittal, has increased its shareholding in the telecommunications company. According to a recent corporate notice submitted to the Nigerian Exchange Limited, Indian Continent Investment purchased an additional 94,593,705 shares of Airtel Africa at a price of £0.9604 per share. This transaction, amounting … Read more
In 2022, six listed companies on the local bourse violated the Nigerian Exchange Limited’s listing rules, including unauthorised publication and undisclosed material information. According to the Nigerian Exchange Limited X-Compliance report, every listed company is required to provide timely information to NGX in order for it to perform its function of maintaining an orderly market … Read more
Investors lost N1.7tn after the close of trading on the floor of the Nigerian Exchange Limited one week ago, as Airtel Africa Plc, Beta Glass Plc, and NEM Insurance Plc equities experienced significant declines. The market entered the trading week on October 14, 2022 with N25.91tn and closed on October 21, 2022 with N24.182tn.Informaion Guide … Read more
Geregu Power Plc, the first and only power-generating business to list on the Nigerian Exchange Limited, has demonstrated its compliance with post-listing standards by reporting its nine-month results for the period ending September 30, 2022.Infomation Guide Nigeria In 2022, the statistics indicated a revenue of N39 billion, compared to N54 billion for the same period … Read more
At the close of trading on Monday, the Nigerian Exchange Limited’s equity market had lost N30 billion as the share prices of 18 companies fell.Information Guide Nigeria The market capitalization decreased to N26.964 trillion from N26.994 trillion as the NGX All-Share Index closed at 49,991.41 basis points on Monday as opposed to 50,045.83 on Friday. … Read more