Economy

NSE Launches SentryGRC for Efficiency

Published

6 years ago

10/06/2020

By Tenebe Anthonia

The Nigerian Stock Exchange (NSE) on Tuesday, June 9, 2020 launched a digital platform that automates back-office functions like Governance, Risk Management and Compliance (GCR).

The platform called SentryGCR was launched at the Digital Transformation of Governance, Risk Management and Compliance Functions webinar and commemorated with a digital Closing Gong ceremony.

SentryGCR was created as more companies continue to move away from the fragmented approach to structuring their operations to a more holistic framework that can monitor compliance and enforce rules and procedures.

The platform will enable organisations to pursue a systematic and organised approach to managing GRC-related strategy and implementation, thereby creating an enabling environment for increasing efficiency and effectiveness alongside reducing costs.

The CEO of NSE, Mr Oscar Onyema, speaking during the unveiling of the initiative, stated that, “The Nigerian Stock Exchange continues to position itself, not only to be a credible platform for raising capital, but to be a hub for innovative and creative ideas.

“We are, therefore, pleased to introduce SentryGRC to the market.

“We recognize the need to build the required infrastructure for players in the Nigerian capital market, and we see the SentryGRC platform as a step in the right direction to help businesses achieve their strategic objectives, address uncertainties and act with integrity.”

On her part, the Executive Director, Regulation Division, NSE, Ms Tinuade Awe, while also speaking at the webinar, stated that, “The SentryGRC promotes agility & digitization in Governance, Risk Management & Compliance areas of business.

“Institutions must recognize the need to adapt procedures and standards to what is relevant even as we transition to this new normal.

“Furthermore, there is a responsibility on regulators to become more comfortable with technology and engage with market participants on how to effectively design and deploy statutory standards that work from an operational point of view and also satisfy regulatory requirements.”

These sentiments were echoed during the panel session moderated by Partner and Financial Services Risk Management leader, West Africa, Ernst & Young, Mr Benson Uwheru, with Chief Risk Officer, Coronation Merchant Bank, Mr Magnus Nnoka; Director General, Association of Enterprise Risk Management Professionals of Nigeria, Mr Olayinka Odutola; and Ms Edidiong Akan, Chief Compliance Officer, Stanbic IBTC Pension Managers as panellists.

They all agreed that changing trends will continue to bring new risks making it imperative for organisations to invest in business architecture that are adaptable to today’s environment and can quickly evolve with the rest of the world.

The launch of the SentryGRC platform is, therefore, timely in that it boasts an array of multi-dimensional features that make it both easily adaptable and applicable across various functions.

Some of its more interesting features include the customized dashboards that gives management a single view of relevant metrics; its ability to automatically generate reports making statutory submission seamless; and its easy integration across other operations including Enterprise Resource Planning softwares.

In addition to Governance, Risk Management and Compliance, SentryGRC can also be used along a wide range of functions including Audit, Internal Control, Business Continuity, Legal Workflow, Data Protection Management, IT Audit and Ethics Management.

This platform is yet another product of the exchange’s passion for business innovation and technology.

Since 2011, the NSE has built on its digital credentials to elevate the Nigerian capital market and enhance stakeholders’ experience.

These investments have supported the exchange’s resilience throughout this pandemic ensuring that there has been seamless remote trading and operating since the activation of its Business Continuity Plan on March 23. Stakeholders can, therefore, take immediate advantage of this opportunity by visiting www.sentrygrc.com.

Economy

11 Plc, FrieslandCampina, CSCS Lift NASD Exchange by 1.38%

Published

9 hours ago

04/07/2026

Adedapo Adesanya

By Adedapo Adesanya

Three securities lifted the NASD Over-the-Counter (OTC) Securities Exchange by 1.38 per cent on Friday, July 3, with the NASD Security Index (NSI) up by 58.80 points to 4,307.26 points from 4,248.46 points, and the market capitalisation closing higher by N35.30 billion to N2.585 trillion from N2.549 trillion.

The price gainers were led by 11 Plc, which expanded by N20.05 to close at N220.55 per share compared with the previous day’s N200.50 per share, FrieslandCampina Wamco Nigeria Plc increased by N5.36 to N151.82 per unit from N146.46 per unit, and Central Securities Clearing System (CSCS) Plc appreciated by N3.52 to N90.74 per share from N87.22 per share.

Yesterday, the value of transactions surged by 1,431.2 per cent to N160.1 million from the preceding session’s N10.5 million, and the volume of trades rose by 303.7 per cent to 1.8 million units from 440,653 units, while the number of deals decreased by 34.4 per cent to 21 deals from 32 deals.

Great Nigeria Insurance (GNI) Plc was the most traded stock by value on a year-to-date basis, with 3.4 billion units sold for N8.4 billion, followed by Infrastructure Credit Guarantee (Infracredit) Plc with 2.3 billion units worth N6.5 billion, and CSCS Plc with 70.7 million units transacted for N4.9 billion.

GNI Plc was also the most traded stock by volume on a year-to-date basis, with 3.4 billion units valued at N8.4 billion, followed by Infracredit Plc with 2.3 billion units exchanged for N6.5 billion, and Resourcery Plc with 1.1 billion units traded for N415.7 million.

Economy

Nigerian Stocks Rebound by 2.19% to Halt Losing Streak

Published

9 hours ago

04/07/2026

Dipo Olowookere

By Dipo Olowookere

The losing streak on the Nigerian Exchange (NGX) Limited was halted on Friday after the bourse closed higher by 2.19 per cent at the close of trading activities.

The gains reported by Nigerian stocks were buoyed by renewed bargain-hunting by investors, which resulted in all the key sectors of Customs Street ended in the green territory.

The banking space rose by 2.78 per cent, the insurance counter appreciated by 1.26 per cent, the energy segment expanded by 0.36 per cent, the consumer goods index chalked up 0.06 per cent, and the industrial goods sector grew by 0.05 per cent.

Consequently, the All-Share Index (ASI) went up by 4,918.37 points to 229,240.34 points from 224,321.97 points, and the market capitalisation increased by N3.156 trillion to N147.103 trillion from N143.947 trillion.

Investor sentiment was bullish after 34 stocks ended on the price gainers’ chart and 18 stocks finished on the losers’ log, representing a positive market breadth index.

The quintet of The Initiates, Universal Insurance, DAAR Communications, Omatek, and Airtel Africa surged by 10.00 per cent to sell for N25.85, 88 Kobo, N1.65, N1.76, and N5,274.00, respectively.

On the flip side, International Energy Insurance lost 9.96 per cent to trade at N4.70, Meyer shed 9.95 per cent to close at N18.55, Veritas Kapital dropped 5.07 per cent to finish at N1.31, Fidelity Bank slipped by 2.17 per cent to N18.00, and Jaiz Bank crashed by 1.84 per cent to N28.12.

During the session, a total of 414.7 million equities worth N25.1 billion exchanged hands in 47,106 deals compared with the 855.4 million equities valued at N28.4 billion transacted in the preceding day in 51,609 deals, implying a contraction in the trading volume, value, and number of deals by 51.52 per cent, 11.62 per cent, and 8.73 per cent, respectively.

Economy

Naira Trades Flat at Official Market as CBN Makes Minimal FX Intervention

Published

9 hours ago

04/07/2026

Adedapo Adesanya

By Adedapo Adesanya

The Naira closed flat against the United States Dollar at N1,370.19/$1 in the Nigerian Autonomous Foreign Exchange Market (NAFEX) on Friday, July 3.

However, it appreciated against the Pound Sterling in the same market segment by N2.29 to settle at N1,829.88/£1 compared with the previous day’s N1,832.17/£1, and marginally depreciated against the Euro by 4 Kobo to close at N1,568.32/€1 versus Thursday’s closing price of N1,568.28/€1.

At the parallel market, the Naira also traded flat against the US Dollar at N1,390/$1, and at the GTBank forex desk, it also maintained stability at N1,832/$1.

Market conditions improved shortly after the following minimal intervention by the Central Bank of Nigeria (CBN) through modest Dollar sales, which boosted liquidity and supported stronger trading activity.

Easing pressure came after half-year profit-taking tapered down, while continued stronger policy signals from the central bank add to near-term support.

Deals executed at the official market on Friday came in at $70.430 million across 82 interbank deals, from $85.517 million the previous day.

Meanwhile, the cryptocurrency market continued its recovery after June non-farm payrolls printed at 57,000, less than half the 113,000 consensus, sending the implied probability of a September Federal Reserve rate hike from 64 per cent to 54 per cent and dragging AI stocks sharply lower.

Weak labour data reduces inflationary pressure and, by extension, the Federal Reserve’s justification for holding rates elevated. That transmission mechanism is direct: lower rate-hike odds compress the opportunity cost of holding non-yielding assets like crypto.

Bitcoin regained the $62,000 mark after it rose by 1.3 per cent to $62,475.29.

Cardano (ADA) gained 6.6 per cent to trade at $0.1759, Ripple (XRP) appreciated by 3.5 per cent to $1.14, Ethereum (ETH) expanded by 2.4 per cent to $1,756.82, Dogecoin (DOGE) improved by 2.1 per cent to $0.0768, Solana (SOL) chalked up 1.8 per cent to $82.65, TRON (TRX) increased by 1.5 per cent to $0.3235, and Binance Coin (BNB) soared by 1.4 per cent to $569.12, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) traded flat at $1.00 apiece.