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Photo News: Beta Glass Plc Held 48th Annual General Meeting 

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Beta Glass Plc - 48th Annual General Meeting

Olushola Okunlade Writes

Beta Glass Plc. held the 48th Annual General Meeting (AGM) on Tuesday, July 5, 2022, in Lagos.

Beta Glass Plc - 48th Annual General Meeting
Left-Right: Ms. Lola Adefope, Non-Executive Director, Beta Glass Plc; Mrs. Bola Adebisi, Company Secretary, Beta Glass Plc; Otunba Abimbola Ogunbanjo, Chairman, Beta Glass Plc; Darren Bennett-Voci, Chief Executive Officer, Beta Glass Plc; Mrs. Claire Omatdeye, Non-Executive Director, Beta Glass Plc and Dr. Seun Oni, Non-Executive Director, Beta Glass Plc at the 48th Annual General Meeting of Beta Glass Plc held on Tuesday, July 5, 2022, in Lagos.
Beta Glass Plc - 48th Annual General Meeting
Left-Right: Dr. Seun Oni, Non-Executive Director, Beta Glass Plc; Ms. Lola Adefope, Non-Executive Director, Beta Glass Plc; Mrs. Bola Adebisi, Company Secretary, Beta Glass Plc; Otunba Abimbola Ogunbanjo, Chairman, Beta Glass Plc; Darren Bennett-Voci, Chief Executive Officer, Beta Glass Plc and Mrs. Claire Omatdeye, Non-Executive Director, Beta Glass Plc at the 48th Annual General Meeting of Beta Glass Plc held on Tuesday, July 5, 2022, in Lagos.

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Capital Market

NGX Group To Celebrate 2023 International Women’s Day 2023, Ring Bell For Gender Equality

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NGX Group of Companies 2023 International Women's Day and Ring the Bell for Gender equality

Olushola Okunlade Writes

NGX Group of Companies plans to celebrate 2023 International Women’s Day and Ring the Bell for Gender equality.

NGX Group of Companies recognises that investing in women’s empowerment in the workplace, marketplace, and community is of strategic importance to business growth and sustainability.

For this reason, NGX Group has chosen to celebrate IWD as part of the global UN SSEI event hosted by over 80 securities exchanges in collaboration with the UN Global Compact, UN Women, IFC, and WFE (the “Global Partners”).

The theme of this year’s celebration is ‘Embrace Equity’ and it seeks to celebrate women’s achievements, raise awareness about discrimination and take action to drive gender parity. To this end, our 2023 IWD celebration would build on the global theme, Embrace Equity.

Date: Wednesday, 8 March 2023
Time: 1:00 pm – 2:30 pm (WAT)
Venue: Zoom & Live streamed on YouTube

Participants are to register to attend: bit.ly/ngx-iwd-2023

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Capital Market

Domestic Investors Shun Risks, Stocks On 5-Month Rally

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Domestic Investors Shun Risks, Stocks On 5-Month Rally

Olushola Okunlade Writes

Few days to go before Nigeria’s highly anticipated general elections, domestic investors in the local bourse are scooping up positions in stocks, shunning potential risks from the impacts of voter’s choices.

Nigerian Exchange Limited (NGX) All-Share Index (ASI) is up 5.80% already in 2023 as of market close on 20 February 2023, maintaining a bullish run from September 2022. Data from NGX revealed that this has been a result of the outsized participation from domestic investors, who currently occupy 84% of total transactions conducted on the Exchange.

Foreign participation in the local bourse has so far moderated in recent years due to issues around forex liquidity and monetary policy, placing their turnover at 16% according to the December 2022 edition of the Domestic and Foreign Portfolio Investment Report of the Exchange. Analysts have commented that this is in due part a result of unimpressive yield in fixed-income securities, pushing investors to buy up fundamentally strong stocks with attractive dividend yields.

Historically, the market has typically experienced volatility during election season with some notable years, particularly the 1999 election – which saw change from military rule – and 2015 election – which saw the first incumbent defeat at the polls – experiencing declines pre-election. The positive domestic investor sentiment, according to analysts, has been driven mostly by strong earnings releases and dividend payouts announced by companies in the wake of earnings season. However, some have advised cautious trading as the 2023 elections approach but maintained their positive outlook on dividend yields and capital appreciation in bellwether stocks.

An analyst with Parthian Securities, Azeezat Awonuga, whilst commenting on the market with CNBC Africa said that investors are poised to hunt for gains in the stock market as the fixed income yields have moderated in recent times. “As we anticipate earnings from the banking sector which comprises about 60% of the volume in the market and also form the bulk of the fundamentals, positive earnings will push investors to plow more funds into the market,” she stated.

Another investment research analyst from Investment One Capital Management Limited, Akosile Oluwasanmi noted to Channels that uncertainties around the elections and the cash crunch in the economy could dampen investor sentiment into taking profits but positive corporate earnings could also see investors increasing their positions.

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Arbitration Group, International Chamber of Commerce, Nigeria Visit NGX Group

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Arbitration Group, International Chamber of Commerce, Nigeria

Arbitration Group, International Chamber of Commerce, Nigeria

Olushola Okunlade Writes 

NGX Group has received a courtesy visit from the Arbitration Group, International Chamber of Commerce, Nigeria on Friday 10 February 2023 in Lagos.

Arbitration Group, International Chamber of Commerce, Nigeria
Left-Right: Oghenekevwe Akpobia, Legal Manager, Litigation & ADR, Nigerian Exchange Limited (NGX); Irene Robinson-Ayanwanle, Divisional Head, Business Support Services and General Counsel, NGX; Olubunmi Osuntuyi, Secretary General, International Chamber of Commerce (ICC) Nigeria; Oscar N. Onyema, OON, Group Chief Executive Officer, Nigerian Exchange Group; Dorothy Ufot, SAN, Chairman, Arbitration Group, ICC Nigeria; Jean Chiazor Anishere, SAN, Co-Chair, Planning Committee, 7th ICC Africa Arbitration and Centenary Conference and Clifford Akpolo, Head, Marketing and Corporate Communications, NGX, during courtesy visit by the Arbitration Group, International Chamber of Commerce, Nigeria on Friday 10 February 2023 in Lagos.

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