Thursday , February 6 2025

Tag Archives: NGX

Tariff Hike Fuels MTN Nigeria Stock, Jumps 21% 

MTN Nigeria has been one of the outstanding performers in the Nigerian Exchange Group (NGX) in 2025, appreciating by 21 percent since the start of the year. Analysts say MTN Nigeria’s stock performance is driven by the recent confirmation of a tariff hike by the federal government. The 21 percent …

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Fidelity Bank Stock Upgrade Excites Investors

Fidelity Bank Stock Upgrade Excites Investors

According to The Will newspaper, investors have commended the recent reclassification of Fidelity Bank stock from small price stock to medium price stock. Giving his perspective on the development, Mr Boniface Okezie, the National Co-ordinator, Progressive Shareholders Association of Nigeria,commented, “Fidelity Bank has paid its dues in the financial services …

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NGX Reclassifies Fidelity Bank as Medium Price Stock

Following a bullish run in the stock market in recent months, the Nigerian Exchange Limited (“NGX”) on Friday announced the reclassification of Fidelity Bank Plc. from small price stock to medium price stock. A statement by the NGX said the reclassification became necessary because Fidelity Bank Plc. shares have been …

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Bond Issuance on NGX Hits Over N2.5 Trillion in Six Months

Bond Issuance on NGX Hits Over N2.5 Trillion in Six Months

Nigerian Exchange Limited (NGX) said the Federal Government and corporate issuers’ confidence in the capital market continued to firm up in the first half (H1) of 2022 as bond issuances on the Exchange grew to over N2.5trillion. This is despite uncertainty surrounding access to fresh capital for expansion as well …

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Government, Corporates Raise N4.58 Trillion from Fixed Income Market

Government, Corporates Raise N4.58 Trillion from Fixed Income Market

…As capitalisation dips further by N22 billion amid sell-off Despite the weak macroeconomic situation, the Federal Government and corporate organisations in the country have so far raised N4.58 trillion from the capital market via the fixed income segment between January to June 3, 2021. Data obtained from NGX’s X-Compliance Report …

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