Sunday, September 25, 2022
CEM REPORT | Market capitalisation of stocks worth over one trillion (SWOOTs) shoots to 1.39 percent at the close of trading week. The combined stocks appreciated to N18.42 trillion from previous week N18.16 trillion gaining N253.24 billion with Dangote Cement and MTNN Plc increasing 2.38 percent and 3.40 percent respectively. Other...
CEM REPORT | Nigeria Exchange Limited (NGX) has announced the launch of its Traded Derivatives (ETD) Market with Equity Index Futures Contracts. The Exchange which made this known in a statement published on its website 0n the 14th of April 2022, noted the initiative was the First in West Africa. The...
Nigeria stocks have risen by 0.34 percent since March 14. CEM REPORT | On Wednesday the main equity index grew as the demand for bank shares rises. Shares of GTCO, Union Bank and UBA took the front burner of demand as well as MTN Nig. MTN gain more investors’ attention...
CEM REPORT | Central Bank of Nigeria has fined Access Bank, United Bank for Africa and Stanbic IBTC a total sum of N800 million for failing to comply with regulations that bar customers from transacting in cryptocurrencies. Bloomberg reported Wednesday that the penalties are part of CBN’s effort to ensure...
CEM REPORT | Okomu Oil Palm Company Plc grew its Profit after tax by 292.15% to N11.539 billion for the year ended 31 December 2021 from N2.942 billion reported the 2020 financial year. The audited report of the company shows year on year growth in the company’s topline and bottom...
CEM REPORT | The price of wheat moderated in the past two days with today’s rebound still below recent weeks rooftop levels sparked by the Russian invasion of Ukraine which disrupted supply from the major contributors to global market. The product gained 10.25 to sell at EUR364.25 per ton Wednesday...
CEM REPORT | The Corporate Governance Triangle is indeed a laudable initiative that marks another milestone in the extensive efforts amongst key stakeholders to enhance corporate governance and compliance best practice across industries in Nigeria. The Chief Executive Officer of NGX Regulation Limited, Ms. Tinuade Awe, stated this at...
CEM REPORT | Nigerian Exchange Limited (NGX), highlighted the value of sound corporate governance as the foundation that creates transparency and establishes the trust required to keep the global financial system running. He said this during the launch of the Corporate Governance Triangle, an initiative of the Nigerian Bar...
CEM REPORT | The Chief Executive Officer, Nigerian Exchange Limited, Temi Popoola has expressed the organization’s interest in grooming the next generation of capital market players. He disclosed this during a Digital Closing Gong Ceremony to commemorate the 26th Nigeria University Games Association (NUGA) Games hosted by the University...
CEM REPORT | Prices of food have continued to rise in Nigeria according to the report just released by the Nigerian Bureau of Statistics (NBS) on prices of selected food The Selected Food Price Watch for the month of February 2022 shows that the average price of 1kg of beans...