• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, June 28, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

17 Firms Raise N6.135trn From Capital Market For Expansion In 2024

by Olushola Bello
6 months ago
in Business
Capital Market
Share on WhatsAppShare on FacebookShare on XTelegram

A total of 17 listed companies rushed to the capital market to raise and list N6.135 trillion on the Nigerian Exchange (NGX) Limited through equity capital for operational expansion in 2024.

Advertisement

Capital is critical for business growth. Companies can raise capital through debt or equity. Debt is issued in the form of bonds, and equity is issued in the form of shares. When a company issues new bonds or common stock, it is referred to as a new issue.

The stock exchange, as an important component of the capital market, plays a significant role in the capital formation process because of the tremendous opportunities that ensue from its activities. The exchange is expected to mobilize long-term savings to finance long-term investment by providing risk capital in the form of equity or quasi-equity to entrepreneurs.

New issues are savings mobilised for investment purposes by companies and governments. The new issues market represents the primary arm of the capital market and shows how many financial resources are invested in long-term securities of corporate bodies and governments.

The listing of new issues in the market will deepen the market, improve liquidity and tradability of companies’ shares. Also, it will increase access to capital in order to fund companies’ future growth initiatives.

RELATED

Meet Nigerian Fintech Expert, Business Dev’t Consultant Ken Nwokike

Meet Nigerian Fintech Expert, Business Dev’t Consultant Ken Nwokike

2 hours ago
Top Home Teams with Highest Win Rates: Who To Bet On

Top Home Teams with Highest Win Rates: Who To Bet On

5 hours ago

Data obtained from the NGX showed that in 2024, the market saw 17 companies listing new issuances, buoyed by new listing and supplementary listing, bringing the total value of equity issues to N6.135 trillion.

Under new listing, Haldane McCall listed by Introduction of 3.122 billion shares valued at N11.988 billion. Aradel Holdings listed a total 4.345 billion shares worth N3.053 trillion, while Transcorp Power listed 7.5 billion shares valued at N1.8 trillion on the NGX.

Under supplementary listing, Jaiz Bank listed N10.048 billion through private placement. Nigerian Breweries raised N548.733 billion through right issues, while C&I Leasing listed N822.917 million through debt-to-equity transaction.

Japaul Gold and Ventures, International Breweries, Notore Chemical Industries, Wema Bank, Tantalizer, Multi-Trex Integrated Foods, Cadbury Nigeria, Royal Exchange, VFD Group, Ellah Lakes and Sovereign Trust Insurance listed N20 billion, N516.218 billion, N105.792 billion, N39.946 billion, N1.073 billion, N2.5 billion, N7.036 billion, N1.561 billion, N12.499 billion, N2.186 billion and N1.432 billion respectively.

Analysts noted that the new issuances have contributed to the deepening of the market, and more listings will further enhance market depth.

A senior stockbroker, Tunde Oyediran, said that the new issues listed on NGX in 2024 were raised due to the improvement in the stock market.

He pointed out that the impact of the primary market activities on any market cannot be overemphasised, adding that it deepens and expands the market.

This, according to him, has contributed to increase in the market capitalisation and overall growth of the market.

“This signal is good for the market; no capital market in the world grows the market only on secondary market activities. The recent increase in activities through right issues of companies and new listing of Transcorp Power and the others, are an indication that investors have realised the importance of long-term investment in good companies that have future prospects,” he stressed.

The chief operating officer of InvestData Consulting Limited, Ambrose Omordion said that the deregulation of the capital market has enhanced the competitiveness of the capital market.

Meanwhile, the director-general of the Securities & Exchange Commission (SEC), Dr. Emomotimi Agama stated that, the commission’s preparedness to improve the regulatory framework with regards to borrowing by governments and corporates.

He noted that for corporates, the commission was changing the landscape with the new rules on Central Counter Parties (CCPs), adding that, the new rules on CCPs had become so critical for Nigeria’s development, especially for corporates in raising capital.

“As a Commission we have established those new rules and they are going to be functional in 2025. We want to make borrowing a seamless and effortless process for Nigerian companies.

“It is very important that as we drive the growth of the Nigerian capital market, we also drive new products and new opportunities for every Nigerian. Nigeria for a long time has been seen as a mono product market, but the Year 2025 will be different because we will continue to drive the process of introducing derivatives into the capital market,” he said.

 

 


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


Tags: Capital MarketNigerian Exchange (NGX)
SendShareTweetShare
Previous Post

NPFL: Panel Of Inquiry Indicts 3 Ex-Lobi Stars Vice Chairmen

Next Post

CNG Seeks National Consultations On Tax Reform Bills

Olushola Bello

Olushola Bello

You May Like

Meet Nigerian Fintech Expert, Business Dev’t Consultant Ken Nwokike
Business

Meet Nigerian Fintech Expert, Business Dev’t Consultant Ken Nwokike

2025/06/28
Top Home Teams with Highest Win Rates: Who To Bet On
Special Report

Top Home Teams with Highest Win Rates: Who To Bet On

2025/06/28
Diadem Group CEO Olaitan Gbenga Honoured In Zambia
Business

Diadem Group CEO Olaitan Gbenga Honoured In Zambia

2025/06/28
Nigeria’s Wealthy Evade Taxes Amid Rising Inequality: Oxfam Report
Business

New Tax Law: Industrialists Project N3.2trn Increase In Non-oil Revenue

2025/06/28
Celebrating President Tinubu’s Remarkable Two Years In Office
Business

Tinubu Confers GCON Honour On Oramah

2025/06/28
Investors Gain N1.43trn From Stocks In 1 Week
Business

Investors Gain N1.43trn From Stocks In 1 Week

2025/06/28
Leadership Conference advertisement

LATEST

Kwara United Win 2025 President Federation Cup

PICTORIAL: 300 Journalists Benefit From Abuja NUJ, Nizamiye Hospital Medical Outreach

Nollywood Filmmaker, Kayode Peters, Dies In Canada

PICTORIAL: Mammoth Crowd Attends Ga’ib Funeral Prayer For Late Dantata In Kano

Meet Nigerian Fintech Expert, Business Dev’t Consultant Ken Nwokike

Fake News Threatens Military Morale — NYSDI

Akwa Ibom APC Chairman Killed In Brawl With PDP Supporters Over Largesse

Niger Killings: NEF Demands State Of Emergency In Northern Nigeria

Dantata Leaves Monumental Legacy In Philanthropy, Entrepreneurship — Buhari

Rivers Angels Beat Nasarawa Amazons To Win 2025 President Federation Cup

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.