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Tag: NGX

MTN Group CEO, Ralph Mupita, lauds NGX for democratising access to financial securities

MTN Group CEO, Ralph Mupita, lauds NGX for democratising access to financial securities

Capital Market, Corporate Stories
MTN Group Chief Executive Officer, Ralph Mupita, has lauded Nigerian Exchange Limited (NGX) for democratising access to financial securities, thereby empowering more Nigerians. L-R: Uto Ukpanah, Company Secretary, MTN Nigeria; Ralph Mupita, MTN Group CEO & President; Temi Popoola, Chief Executive Officer, Nigerian Exchange Ltd; Dr Ernest Ndukwe (OFR), Chairman, MTN Nigeria; Kamarudeen Oladosu, Director, Nigerian Exchange Ltd; Karl Toriola, Chief Executive Officer, MTN Nigeria and Modupe Kadri, Chief Financial Officer, MTN Nigeria at the NGX Closing Gong Ceremony, which held at NGX Building, Lagos on January 31, 2023. He said this when in recognition of the importance of the partnership between MTN and NGX; he paid a courtesy visit to the management of the Nigerian bourse, led by its...
Investors’ appetite for stocks wane on rising fixed yield

Investors’ appetite for stocks wane on rising fixed yield

Capital Market
Following the rising yields in the money market instruments, the bears maintained dominance on the Nigerian Exchange Limited (NGX). This caused the NGX All-Share Index (ASI) and market capitalisation to depreciate by 0.15 per cent and 0.12 per cent to close the week at 38,808.01 and N20.310 trillion respectively. All other indices finished lower except NSE Premium, NSE Lotus II, NSE Industrial, and NSE Sovereign Bond Index which appreciated by 0.65 per cent, 0.09.per cent, 0.95 per cent and 0.17 per cent while the NSE ASeM and NSE Growth Indices closed flat. Analysts link the lull in the equities market to macroeconomic challenges bedeviling the nation’s economy. For instance, the Chief Research Officer of Investdata Consulting Limited, Ambrose Omordion said: ” It is obvious that...

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