Investors Bite

NGX Lists 88.25 Million Shares of CAP Plc, Delists Portland Paints

September 19, 2021/NGX We refer to our Market Bulletin of 1 July 2021, with reference number: NGXREG/LRD/MB22/21/07/01, wherein the market was notified of the suspension placed on trading in the shares of Portland Paints and Products Nigeria Plc (Portland Paints) as a result of the Scheme of Merger between Chemical and Allied Products […]

SEC Commences 100% Custody Requirement in CIS

September 19, 2021/SEC Nigeria In a bid to further protect investors and deepen the capital market, the Securities and Exchange Commission has announced that it has commenced the implementation of 100% custody requirement in the Collective Investment Schemes sector. Director General of the SEC, Mr. Lamido Yuguda stated this in […]

Buy Interest in Dividend Paying Stocks Boost NGX Index to -0.6% Weekly Gain

Though the local bourse started the week sour, positive sentiments returned to the market as investors renewed buying interests in dividend-paying stocks. Accordingly, the All-Share Index inched up 0.1% to close at 38,943.87 points. September 17, 2021/Cordros Report Global economy According to the Bureau of Labour Statistics (BLS), headline inflation […]