Connect with us

Capital Market

NGX Group Of Companies Commemorates IWD 2022, Rings The Bell For Gender Equality

Published

on

NGX Group of Companies Commemorates IWD 2022, Rings the Bell for Gender Equality

NGX Group of Companies Commemorates IWD 2022, Rings the Bell for Gender Equality

Olushola Okunlade Writes

Nigerian Exchange Group of Companies has begun commemorating International Women’s Day 2022 through a series of Closing Gong Ceremonies to celebrate recently appointed female Board Chairpersons and Chief Executives of listed companies and their affiliates who were appointed in 2021.

The events held on Wednesday, 2 March 2022 and Friday, 4 March 2022, respectively, were hosted in line with The Exchange’s ongoing collaboration with International Finance Corporation (IFC) which aims to reduce the gender gaps in leadership, employment, and entrepreneurship under the Nigeria2Equal programme.

NGX Group of Companies International invites you to the 2022 Women’s Day virtual symposium. The symposium, themed Break the Bias: Gender equality today for a sustainable tomorrow is scheduled to hold on:

Date: Tuesday, 8 March 2022

Time: 1:00p.m. (WAT)

Location: Zoom, live-streamed on YouTube

Globally, International Women’s Day is a date set aside to celebrate the social, economic, cultural, and political achievements of women. To commemorate the 2022 edition, NGX Group of Companies will join securities exchanges all over the world to host a virtual symposium and “Ring the Bell for gender equality” in partnership with the Sustainable Stock Exchanges Initiative (SSEI), United Nations (UN) Women, United Nations Global Compact (UNGC), International Finance Corporation (IFC) and World Federation of Exchanges (WFE).

The symposium will focus on ongoing efforts implemented by corporate organisations to close the gender gap within different business units, especially in leadership.

Register to attend here: https://ngxgroup.com/iwd2022/

Amongst the female business leaders celebrated are Dr. Omobola Johnson, Chair, Guinness Nigeria Plc; Mrs. Bola Adesola, Chairman, Ecobank Nigeria; Erelu Angela Adebayo, Chairperson, NGX Real Estate, Mrs Catherine Echeozo, Chairperson, NGX Regulation. Ms. Tinuade Awe, Chief Executive Officer, NGX Regulation; Mrs. Yemisi Edun, Managing Director, First City Monument Bank Limited; and Mrs. Nneka Onyeali-Ikpe, Managing Director/Chief Executive Officer, Fidelity Bank Plc. Joining the events  as special guests to celebrate the accomplishments of the female business leaders were Dr. (Mrs.) Ajoritsedere Awosika, Chairperson, Access Bank Plc and Mrs. Oyeyimika Adeboye, Chief Executive Officer/Managing Director, Cadbury Nigeria Plc, and Mrs Elizabeth Ebi, Group Managing Director/CEO, Futureview Group. The events were also attended by Mr Kalim Shah, Senior Country Manager, Nigeria, IFC, under the banner of the Nigeria2Equal programme. 

NGX Group of Companies Commemorates IWD 2022, Rings the Bell for Gender Equality

The enterprise will continue its IWD celebrations by hosting a virtual symposium to discuss the theme, “Break the Bias: Gender Equality Today for a Sustainable Tomorrow” on Tuesday, 8 March 2022. The event will bring together high quality male and female industry leaders to highlight the positive contributions of women across various spectrums. The celebration will culminate in a digital Closing Gong Ceremony to advocate for gender equality, in collaboration with IFC, Sustainable Stock Exchanges (SSE) Initiative, United Nations (UN) Women, UN Global Compact (UNGC) and World Federation of Exchanges (WFE). Interested participants can register at www.ngxgroup.com/iwd2022

Confirmed speakers at the event include Ms. Tinuade Awe, Chief Executive Officer (CEO), NGX Regulation Limited (NGX RegCo); Mr. Oscar N. Onyema, OON, GCEO, Nigerian Exchange Group Plc (NGX Group); Mr. Temi Popoola, CFA, CEO, Nigerian Exchange Limited (NGX); Dame Pauline Tallen, OFR, Honourable Minister of Women Affairs, Federal Republic of Nigeria; Amb. Mariam Yalwaji Katagum, Federal Minister of State for Industry, Trade and Investment, Nigeria; Mr. Lansana Wonneh, UN Women Deputy Representative; Mr. Kevin Njiraini, Regional Director, Southern Africa & Nigeria, IFC; Ms. Tokunboh Ishmael, MD/CEO, Alitheia Capital; Mr. Kalim M. Shah, Senior Country Manager for Nigeria, IFC; Ms. Kathy Mignano, Operations Officer, Inclusive Business, Gender and Economic Inclusion Group, IFC; Ms. Robyn Oates, Sustainable Finance Specialist, UN Women; among others.

Capital Market

Popoola Commends Access Holdings’ Contribution To Nigeria’s Growth Story

Published

on

Access Holdings Plc Held Closing Gong Ceremony To Commemorate Restructuring And Listing At NGX Today

…reiterates The Exchange’s commitment to remain a partner of choice

Olushola Okunlade Writes

The Chief Executive Officer, Nigerian Exchange Limited (NGX), Temi Popoola, commended Access Holding Plc’s contribution to the Nigerian growth story and emphasized NGX’s commitment to collaborating with institutions driving growth in the Nigerian economy.

This was made known during the Closing Gong Ceremony hosted by NGX to commemorate the Access Holdings’ successful restructuring into a holding company structure and the listing of 35,545,225,622 ordinary shares of Access Holdings Plc on NGX on Thursday, 28 April 2022.

NGX CEO further noted that the Exchange is proud to be part of the progress that Access Holdings has successfully achieved over the past 20 years while assuring that the company will find a worthy partner in the Exchange as it commences its new journey”.

Speaking at the event, Mr. A.B. Mahmoud, SAN, OON, Chairman, NGX, congratulated the Board of Directors and Executive Management of Access Holdings and the parties to the transaction, Chapel Hill Denham Advisory Limited, Coronation Securities Limited, Aluko & Oyebode, and Africa Law Practice NG & Company. He said, “NGX has emerged from a recent restructuring and is better positioned to support our stakeholders in their quest to raise long-term capital”.

Access Holdings Plc Held Closing Gong Ceremony To Commemorate Restructuring And Listing At NGX Today
Left-Right: Abubakar B. Mahmoud, SAN, OON, Chairman, Nigerian Exchange Limited (NGX); Mr. Temi Popoola, Chief Executive Officer, NGX; Dr. Herbert Wigwe, Group Managing Director/Chief Executive Officer (GMD/CEO), Access Holdings Plc; Mr. Bababode Osunkoya, Chairman, Access Holdings Plc at the Closing Gong Ceremony to commemorate the restructuring and listing of Access Holdings Plc at Nigerian Exchange Limited on Thursday, April 28, 2022, in Lagos.
Access Holdings Plc Held Closing Gong Ceremony To Commemorate Restructuring And Listing At NGX Today
Left-Right: Abubakar B. Mahmoud, SAN, OON, Chairman, Nigerian Exchange Limited (NGX); Mr. Temi Popoola, Chief Executive Officer, NGX; Ms. Bolaji Agbede, Executive Director, Access Holdings Plc; Dr. Herbert Wigwe, Group Managing Director/Chief Executive Officer (GMD/CEO), Access Holdings Plc; Mr. Bababode Osunkoya, Chairman, Access Holdings Plc; and Mr. Seyi Osunkeye, Non-Executive Director, NGX during the Closing Gong Ceremony to commemorate the restructuring and listing of Access Holdings Plc at Nigerian Exchange Limited on Thursday, April 28, 2022, in Lagos.

In addition, Mr. A.B. Mahmoud, SAN, OON, said, “The Exchange is better positioned to lead government advocacy efforts for listed companies, promote technology advancement and digital innovation for the capital market, and increase retail investor participation in the capital market aimed at building a market for the future and addressing the prevailing challenge of financial inclusion. We welcome Access Holdings Plc to a renewed NGX and look forward to deepening our collaboration to develop and push for disruptive, out-of-the-box ideas financial products that will dimension the next curve for the capital market”.

Delivering his remarks, Chairman, Access Holdings Plc, Mr. Bababode Osunkoya, said, “The significance of this event as our first external engagement as Access Holdings Plc is not lost on us. Access Holdings Plc is an evolutionary expression for us which signifies our moving away from what was known as Access Bank into a financial institution. We acknowledge the impact of our collaboration with The Exchange over the years and we look forward to continuing this mutually beneficial partnership to take Nigeria and Africa to the world”.

On his part, Group Chief Managing Director/Chief Executive Officer, Access Holdings Plc, Dr. Herbert Wigwe, thanked The Exchange for its remarkable contribution to the Corporation’s story. He said, “In 2004, following the Central Bank of Nigeria mandated recapitalization initiative, Access Bank came to the Exchange on its maiden journey to raise capital. NGX created the platform through which we raised capital and quickly consummated one of the largest mergers in the history of this Country.  Today’s event marks a major milestone for us as we evolve from a traditional banking institution into a full-fledged financial services provider that would create an ecosystem of financial services for all Nigerians to benefit from. This is the Exchange that made Access Bank and we thank the Exchange for its continued support over the years”.

Also present on the Trading Floor of NGX to sound the gong and bring the day’s trading to a close were Mrs. Fatima Bello-Ismail, Independent Non-Executive Director, Access Holdings Plc; Ahonsi Unuigbe, Non-Executive Director, NGX; Mr. Oluseyi Kumapayi, Non-Executive Director, Access Holdings Plc; Mr. Seyi Osunkeye, Non-Executive Director, NGX; Mr. Kamarudeen Kareem Oladosu, Non-Executive Director, NGX; Mr. Yomi Adeyemi, Non-Executive Director, NGX.

Continue Reading

Capital Market

Access Holdings Plc Held Closing Gong Ceremony To Commemorate Restructuring And Listing At NGX Today

Published

on

Access Holdings Plc Held Closing Gong Ceremony To Commemorate Restructuring And Listing At NGX Today

Closing Gong Ceremony to commemorate the restructuring and listing of Access Holdings Plc

Olushola Okunlade Writes

Access Holdings Plc held its closing gong ceremony to commemorate the restructuring and listing of Access Holdings Plc at Nigerian Exchange Limited on Thursday, April 28, 2022, in Lagos.

Access Holdings Plc Held Closing Gong Ceremony To Commemorate Restructuring And Listing At NGX Today
Left-Right: Abubakar B. Mahmoud, SAN, OON, Chairman, Nigerian Exchange Limited (NGX); Mr. Temi Popoola, Chief Executive Officer, NGX; Ms. Bolaji Agbede, Executive Director, Access Holdings Plc; Dr. Herbert Wigwe, Group Managing Director/Chief Executive Officer (GMD/CEO), Access Holdings Plc; Mr. Bababode Osunkoya, Chairman, Access Holdings Plc; and Mr. Seyi Osunkeye, Non-Executive Director, NGX during the Closing Gong Ceremony to commemorate the restructuring and listing of Access Holdings Plc at Nigerian Exchange Limited on Thursday, April 28, 2022, in Lagos.
Access Holdings Plc Held Closing Gong Ceremony To Commemorate Restructuring And Listing At NGX Today
Left-Right: Abubakar B. Mahmoud, SAN, OON, Chairman, Nigerian Exchange Limited (NGX); Mr. Temi Popoola, Chief Executive Officer, NGX; Dr. Herbert Wigwe, Group Managing Director/Chief Executive Officer (GMD/CEO), Access Holdings Plc; Mr. Bababode Osunkoya, Chairman, Access Holdings Plc at the Closing Gong Ceremony to commemorate the restructuring and listing of Access Holdings Plc at Nigerian Exchange Limited on Thursday, April 28, 2022, in Lagos.

Continue Reading

Capital Market

Market Remain Cautious, NSE All-Share Index Green  

Published

on

ForexTime Limited

Market Remain Cautious, NSE All Share Index Green  

Written on 27/04/2022 by Lukman Otunuga, Senior Research Analyst at FXTM 

Global stocks were wrapped in caution on Tuesday as investors nursed the nasty hangover from the previous day’s rout as fears over the impact of China’s new lockdowns lingered in the air.  

Yesterday, Wall Street was thrown a lifeline later in the session after Twitter agreed to be bought by billionaire Elon Musk. In the currency space, the mighty dollar climbed to its highest level since March 2020 thanks to risk aversion and expectations over the Fed raising rates by 50 basis points next month. There was no love for gold despite the risk-off mood, with the precious metal securing a daily close below $1900, while oil tumbled below $100 amid worries about the global energy demand outlook. Interestingly, Nigerian Stock markets remain in the green with the NSE All-Share Index up over 13% since the start of 2022. The economic calendar remains relatively quiet over the next few weeks but in May, much attention will be on the inflation report, latest GDP, and CBN meeting which will all be on the same day – Tuesday 24th of May according to Bloomberg. 

Caution is likely to remain the name of the game this week with sentiment fragile as strict lockdowns in China, concerns around a global slowdown, Fed rate hike fears, and geopolitical risks leave investors on edge. On the data front, there are a couple of key economic data releases from major economies, especially in the United States. Tech titans will be publishing their earnings this week with Microsoft and Google’s parent company Alphabet announcing their results on Tuesday after the market close. With so much going on, this promises to be another eventful and potentially volatile week for financial markets. Yesterday’s wild movements across the FX, commodity, and equity space are testament to this. 

Oil wobbles at around $100 

Oil benchmarks pushed back above $100 today after experiencing a sharp selloff in the previous session, due to fears that lockdowns in China will hit energy demand in the world’s second-largest economy. On top of this, an appreciating dollar is adding extra pressure on the global commodity with Brent shedding roughly 1.5% this month. That said, geopolitical risks may limit downside losses, especially if the United States and its allies consider expanding sanctions on Russian oil imports. It is worth keeping in mind that the International Monetary Fund (IMF) raised Nigeria’s growth forecast on the back of higher oil prices. However, if oil bulls fail to deliver and the commodity continues to weaken, expectations may fail to match reality.  

On the data front, it may be wise to keep a close eye on the Energy Information Administration (EIA) report published on Wednesday. Another weekly drawdown in crude inventories could lend oil bulls a helping hand.  

Dollar bulls charge on… 

The dollar kicked off the week by appreciating against almost every single G10 currency as concerns over the economic impact of China’s strict lockdown sent investors rushing towards safety.  

Market expectations over the Federal Reserve aggressively raising interest rates also empowered dollar bulls, propelling the dollar index (DXY) to a fresh two-year high. There are several key economic data points over the next few days which are likely to inject the currency with renewed vigor. US consumer confidence, Q1 GDP, and the PCE deflator will all be published, ahead of the key FOMC meeting next week. Should the data further reinforce market expectations over the Fed aggressively raising interest rates, the dollar could be set to appreciate further? 

Commodity spotlight – Gold  

After trading within a range for many weeks, gold finally experienced a solid breakdown below $1920 support with bears securing a daily close beneath the psychological $1900 level. The precious metal struggled to shine against a mighty dollar and aggressive Fed rate hike bets. With the greenback on a tear and potentially receiving further support in the week ahead, this could spell more trouble for gold despite the market caution and risk aversion.  

Looking at the technical picture, sustained weakness below $1920 could signal a decline towards $1880 and $1850. Should $1900 prove to be reliable support, prices could retest $1920. A move back above this level will send prices into the prior range with the first level of resistance at $1960. 

Continue Reading

Trending