The T+1 transition means that securities transactions executed on the Nigerian Exchange Limited (NGX) will now settle one business day after trading, allowing investors to receive cash or securities faster than under the previous T+2 framework.
“The launch reflects a broader shift in African markets, where businesses, governments and development institutions are increasingly seeking sophisticated financing and advisory support to execute growth and transformation initiatives,” said Adedayo Amzat, Group Managing Director of Zedcrest Group.
As Human Resources Director, Mrs. Runsewe will play a central role in translating Nigerian Breweries’ EverGreen 2030 strategy into execution by shaping the organisation’s design, leadership behaviours, workforce capabilities and performance systems to deliver sustained volume growth, cost discipline, and repeatable performance.
… Foreign listings often shift valuation, trading activity, and investment opportunities to international markets, limiting local investors’ ability to participate in the growth of companies
The Exchange rate of the Naira against major currencies at both the Official and the Black Market window, as at Monday, 1 June 2026
In a nationwide broadcast marking his administration’s three years in office, emphasised that under his watch, the All Share Index (ASI) on the Nigerian Exchange Limited (NGX) rose from 53,000 points in 2023 to 250,000 points in 2026, while market capitalisation surged from N30 trillion to N160 trillion.
Conversely, activity in the unofficial parallel market, commonly referred to as the black market, mirrored the stability seen in the official window. Street traders in major currency hubs, including Lagos and Abuja, are buying the greenback at an average rate of 1,410 Naira and selling between 1,420 Naira and 1,425 Naira per Dollar.
The company’s Chairman Imo-Abasi Jacob, disclosed this noting that the company has recorded significant growth over the last three years following the emergence of a new core investor.
Austin Laz & Company Plc is a Nigerian engineering and manufacturing conglomerate. They specialize in producing industrial ice block machines, refrigerators, air conditioners, aluminum roofing sheets, and thermoplastic products like coolers.
In an address of welcome, the Managing Director and Chief Executive Officer of Nestlé Nigeria PLC, Wassim Elhusseini, said that sustainable access to quality nutrition can only be achieved through resilient value chains supported by long-term investments in sourcing, manufacturing, distribution, livelihoods, and environmental sustainability.
