NGX

The Nigerian Exchange Ltd.(NGX) equity market on Monday opened positively, as gains in newly listed Transcorp Power Plc and 22 others grew the overall market capitalisation by N1.86 trillion. The News Agency of Nigeria (NAN) reports that Transcorp Power earlier listed 7.5 billion shares by introduction at N240.00 per share, amounting to N1.8 trillion on the main board of the NGX. Peter Ikenga, Managing Director/Chief Executive Officer, Transcorp Power, said that the listing was to provide a platform through which…

The Nigerian Exchange Limited (NGX), Chartered Institute of Stockbrokers (CIS) and other market participants on Monday held a mock-trading session and Closing Gong Ceremony in honour of the late Subomi Balogun, the founder of FCMB Group. Mr Balogun died on 18 May in London following a brief illness. He was 89. Speaking during the ceremony, the Chief Executive Officer, NGX, Temi Popoola, emphasised that the late Mr Balogun was a blessing to the capital market. “We are here to pay tribute to somebody that without…

The Nigerian Exchange Plc (NGX) has appointed a company secretary to function in an acting capacity until it gets a substantive company secretary to fill the role, the firm said in a regulatory filing on Friday. The development followed the recent resignation of Mojisola Adeola, who left the position at the end of last year. She is tentatively replaced by Obehi Ikhaghe, a legal practitioner with experience totalling 13 years covering corporate law, company secretarial and general legal practice. “She is a…

Geregu Power Plc, the latest bet of Nigerian billionaire, Femi Otedola, will go public this week, according to a regulatory filing obtained by PREMIUM TIMES, easing the path of the company to raising capital and gaining higher notability. The listing in Lagos on Wednesday, will enable Geregu Power entry to the Nigerian Exchange’s (NGX) main board with 2.5 billion shares of N100 per unit by way of introduction, the company having scaled regulators’ hurdle. It suggests the corporation’s market value at listing…

Geregu Power Plc, the latest bet of Nigerian billionaire, Femi Otedola, will go public this week, according to a regulatory filing obtained by PREMIUM TIMES, easing the path of the company to raising capital and gaining higher notability. The listing in Lagos on Wednesday, will enable Geregu Power entry to the Nigerian Exchange’s (NGX) main board with 2.5 billion shares of N100 per unit by way of introduction, the company having scaled regulators’ hurdle. It suggests the corporation’s market value at listing…