What is NGX Invest? NGX Invest is a digital platform that allows users to purchase rights issue and public offers of publicly traded companies right on their mobile device. The platform allows everyone who is 18 years and above to invest in companies that are listed on the Nigeria Exchange (NGX). The platform was launched … Read more
Close to 15 years after DAAR Communications Plc sold its stocks to hundreds of investors, some of those who participated in the Initial Public Offer (IPO) complain that they’ve never received dividends from the broadcast giant. Not only some are investors angry, but some of them also continue to accuse the company of “shady” dealings on … Read more
There are 134 firms on the main board of the Nigerian Exchange (NGX). The figure spreads across 11 sectors. Financial services have the lion share with 44 issuers, followed by service which has 22 companies while companies under the consumer goods are 20; companies under the industrial goods are 11. Others that have the same … Read more
The companies listed on NGX’s premium board have a combined market capitalization exceeding N22.87 trillion. Out of the eight firms, seven of them are among the biggest firms by market capitalisation in Africa’s biggest economy. Political and economic influence cannot qualify a traded company to make it to the premium board. Instead, the company’s excellent … Read more
5,000 units of BUA Foods shares, purchased at N40 per share when it was listed on the Nigeria Exchange (NGX) on January 5, 2022, are now worth N1,359,000 (January 2024). This increase is due to the rise in BUAFOODS stock price, which reached N271.8 at the close of trading on January 26, 2024, thanks latest bullish market. … Read more
The Nigerian Exchange (NGX) will be closed for 13 days in 2024. This is when there are no tradings of equities. The NGX doesn’t open for trading on these days: NGX Trading Hours 2024 On every business working day, trading on the NGX begins at 9:30 a.m. and closes at 14:30, Monday to Friday. Days … Read more