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NGX News - Page 18

Nigeria's Stock Market Declines Of N275bn As BUA Cement, Others Faces Loss
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Oando Leads Losses As Nigerian Market Loses N518.08 Billion

Oando Corporation found itself at the forefront of the Nigerian stock market’s struggles as equity capitalization took a staggering 1.38 percent nosedive, resulting in a colossal N518.08 billion loss in total market value. The market closed on Friday with a significantly reduced
September 22, 2023
NGX Fines 9 Companies N76.8m For Missing Financial Reporting Deadlines
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FG, NGX Create Tech-Driven Path For Startup Listings

The Federal Government has announced its partnership with the Nigerian Exchange Limited (NGX) to catalyze startup listings via the newly established NGX Technology Board. This collaborative initiative was unveiled during a tech-focused event titled “Invest in Africa’s Future – Let’s Talk About Exits,”
September 22, 2023
NGX Loses N757bn In 48 Hours Due To FTSE Russell Downgrade
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NGX Loses N757bn In 48 Hours Due To FTSE Russell Downgrade

Investors in the Nigerian Exchange Limited (NGX) faced a tumultuous two days as they watched N757 billion evaporate from the market, all triggered by FTSE Russell’s decision to downgrade the exchange from frontier to unclassified market status. This move, driven by Nigeria’s
September 13, 2023
NGX Imposes Mandatory Compliance Training On Multi-Trex Integrated Foods, Infinity Trust Mortgage Bank Following Breaches
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Trillion Naira Stocks Power NGX’s 2023 Record Growth

In a seismic shift on the Nigerian Stock Exchange (NGX), the SWOOTs – stocks with a market capitalization of over one trillion naira – have emerged as the dominant players, commanding headlines and portfolios alike. As of August 2023, these financial behemoths
September 13, 2023
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