Nigerian capital market
First Securities Leads NGX Trading Rankings for July
First Securities Brokers Limited (FSBL), the stockbroking arm of First Holdco Plc, has emerged as the top-performing brokerage firm on the Nigerian Exchange Limited (NGX) for July 2025, leading the market in both trading volume and value. According to the NGX’s July Broker Performance Report, FSBL recorded transactions worth ₦414.46 billion, representing 22.80% of the […]
SEC: TCN Still Under Our Watch
The Securities and Exchange Commission (SEC) has reaffirmed its regulatory authority over Tourist Company of Nigeria Plc (TCN), declaring the company’s purported Annual General Meeting (AGM) held on July 25, 2025, illegal, invalid, and of no effect. In a strongly worded public notice issued on Monday, the SEC distanced itself from the AGM organized by […]
Foreign Investment Jumps 88% to N118.9bn on NGX
Foreign portfolio investment (FPI) on the Nigerian Exchange Limited (NGX) surged significantly in May 2025, reaching N118.91bn, an 88.54% rise from the N63.07bn recorded in April. This surge reflects a renewed appetite for Nigerian equities among offshore investors, despite macroeconomic headwinds and currency volatility. The data, released in NGX’s latest Domestic and Foreign Portfolio Investment […]
FG to Raise N300bn in Bond Auction
The Federal Government of Nigeria, through its Debt Management Office (DMO), has announced plans to raise N300 billion from the capital market via a bond auction scheduled for May 26, 2025. This move is part of the government’s ongoing efforts to finance its budget and manage public debt effectively while offering investors attractive fixed-income opportunities. […]
SEC Joins Global Sustainability Reporting Network
In a major step toward enhancing sustainable finance and aligning with global environmental, social, and governance (ESG) frameworks, the Securities and Exchange Commission (SEC) of Nigeria has officially joined the Growth and Emerging Markets Committee (GEMC) Sustainability Network under the International Organisation of Securities Commissions (IOSCO). The announcement was made during IOSCO’s Annual Meeting held […]