For manufacturers, the continued devaluation of the naira had led to increased costs with regard to the importation of raw materials for production needs. However, the most immediate consequence has been the erosion of profits as seen in the financial statements posted by listed firms on the NGX.
NGX Limited (ASX:NGX – Get Free Report) insider Ian Middlemas acquired 1,072,728 shares of the stock in a transaction dated Tuesday, August 1st. The shares were bought at an average cost of A$0.23 ($0.15) per share, for a total transaction of A$241,363.80 ($161,989.13). NGX Stock Performance NGX Company Profile (Get Free Report) NGX Limited focuses […]
Due to the current reforms and competition among exchanges in global financial markets, Nigerian Exchange Limited (NGX) on Thursday revealed that it is working assiduously with the Central Securities Clearing System (CSCS) Plc and other stakeholders to reduce the settlement cycle from T+3 to T+1 over the next few years.
Despite the one-day holiday declared by the Federal government on Monday, June 12, 2023, to commemorate Democracy Day, heavy transactions in the shares of United Bank for Africa (UBA) Plc, Guaranty Trust Holding
Nigerian Exchange Limited (NGX) has said it will continue its drive towards attracting capital around sustainability and will continue to partner with market stakeholders.