The Nigerian Stock Exchange (NGSE) has successfully rolled out its market leading trading platform, X-GEN. This is a historic milestone for the capital market community and will reinforce Nigeria’s position as a regional financial center. The delivery of the new age technology serves as a testimony that the NSE has succeeded in achieving one of its key goals of providing 21st century technologies to support the growth of the Nigerian Capital Market.

Three subsidiaries of Dangote Group paid about N59 billion dividend last year alone. As of end of December, 2012 financial year, Dangote Cement, Dangote Sugar Refinery and National Salt Company of Nigeria (NASCON) altogether paid a jumbo N59 billion as dividends to shareholders.

Nigeria's Skye Bank has won shareholders' approval to raise 50 billion naira ($316 mln) in capital to expand its operations and boost its balance sheet, the mid-tier lender said in a statement on Tuesday.

The Nigerian Stock Exchange has announced that it will be launching an Alternative Securities Market (ASeM) in April 2013 for Emerging Companies with high potential for growth in Nigeria. ASeM will be a specialised board on the Nigerian bourse where small to mid-sized companies can access the capital market under less stringent rules and requirements to raise long term, low cost capital.