Capital Market

Traders work at the Nigerian Stock Exchange in Lagos

NSE re-opens trading week in red

Trading activities opened the week on a negative note, extending losses to the third consecutive trading session, as sell pressures in Union Bank of Nigeria (UBN), Zenith Bank and Wema Bank dragged the All Share Index (ASI) down by 0.06 per cent to settle at 31,125.39 points. Similarly, market capitalisation shed ₦7 billion to close […]

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Traders work at the Nigerian Stock Exchange in Lagos

NSE denies listing Lagos State Municipality Note

Contrary to reports that the Lagos State Government’s Municipality Note was issued under a ₦50 billion Medium Term Note Programme by Municipality Waste Management Contractors Limited, the Nigerian Stock Exchange (NSE) has denied listing the note on its platform. The Exchange, in a statement posted on its website, said its “attention has been drawn to […]

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The Nigerian Stock Exchange (NSE)

2019 Election: NSE market indices drop further by 0.16 pct

Ahead of the elections, the market indices of the Nigerian Stock Exchange (NSE) on Friday dropped by 0.16 per cent following profit taking. Specifically, the All-Share Index lost 53.13 points or 0.16 per cent to close at 32,515.52, compared with 32,568.65 achieved on Thursday. Also, the market capitalisation which opened at ₦12.145 trillion shed ₦20 […]

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CBN hq

CBN provides $268.4 mln, ¥46.3 mln for agric, raw materials

The Central Bank of Nigeria (CBN) on Friday provided $340 million and 46.3 million Chinese Yuan (CNY) to customers seeking foreign exchange in the agricultural and raw materials sector. CBN Spokesperson, Isaac Okorafor, said the sales in the Chinese Yuan was done through a combination of spot and short-tenored forwards segment of the foreign exchange […]

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Traders work at the Nigerian Stock Exchange in Lagos

NSE ASI appreciates on sustained bullish trading

The Nigerian stock market sustained its positive performance last week as foreign and domestic investors as investors played down election risk. Having appreciated 2.9 per cent the previous week, the market rose further last week, returning 3.7 per cent. Specifically, the Nigerian Stock Exchange (NSE) All-Share Index (ASI) appreciated to 32,715.20, while market capitalisation added […]

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Traders work at the Nigerian Stock Exchange in Lagos

NSE ASI rose to 0.12 pct as market capitalisation added ₦14.0 billion

After one day of negative performance the stock market rebounded yesterday as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) gained 0.12 per cent to close at 32,453.69 compared with a decline of 15 per cent. Market capitalisation added ₦14.0 billion to close at ₦12.1 trillion. The market had on Wednesday depreciated due to profit […]

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Traders work at the Nigerian Stock Exchange in Lagos

NSE records year-to-date growth of 3.3 pct on bullish trading

The Nigerian equities market has recorded a year-to-date (YTD) growth of 3.3 per cent following sustained bullish trading as investors took advantage of attractive prices of stocks. The market, which suffered a decline in 2018, recorded further losses in the month of January due apprehensions by investors over political uncertainties around the general elections in […]

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Traders work at the Nigerian Stock Exchange in Lagos

NSE gains as Stakeholders increases investment to ₦27 bln

Contrary to the apprehension that investors may reduce patronage of equities market few days to the presidential election, foreign and domestic investors increased their investment in stocks last week. Consequently, a total of ₦26.884 billion was invested in 1.894 billion shares in 19,213 deals. This was higher than the ₦14.788 billion in 1.452 billion shares […]

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Consolidated Hallmark

Consolidated Hallmark lists 1.1 bln shares on NSE

Consolidated Hallmark Insurance Plc has listed an additional 1.13 billion ordinary shares of 50 kobo each on the Nigerian Stock Exchange. According to a statement issued by the NSE on Tuesday, the company issued the shares at 65 kobo per share by placement. It said, “Dealing members are hereby notified that additional 1.13 billion ordinary […]

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Traders work at the Nigerian Stock Exchange in Lagos

Stanbic, FBN, Access sustain equities market

Gains recorded by Stanbic IBTC Holdings Plc, FBN Holdings Plc, Access Bank Plc, GTBank Plc and Beta Glass Plc helped to sustained the positive performance of the stock market yesterday. After declining the previous week due to profit taking, the market opened the week on positive note on Monday, rising by 0.35 per cent. The […]

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FILE PHOTO: Central Bank of Nigeria's logo is seen on the headquarters building in Abuja, CBN

CBN denies alleged FX manipulation

The Central Bank of Nigeria on Monday denied involvement in foreign exchange manipulation as alleged in one of the national dailies. The bank’s Director, Corporate Communications of the CBN, Mr Issac Okorafor made the denial on its website. The regulator noted that the story by BusinessDay Newspaper titled, “Exposed The Sleazy Face of ₦306/$1, inside […]

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Oscar Onyema, Chief Executive Officer of the Nigerian Stock Exchange, gestures as he speaks during an interview with Reuters at his office in Lagos

NSE charges shareholders’ to query directors over financial impropriety

The Nigerian Stock Exchange, NSE has called on shareholders to query directors of their companies whenever they discover any impropriety in their financial statements. The Chief Executive Officer, NSE , Mr. Oscar Onyema, assured shareholders that the Exchange will continue to protect their interest by ensuring that companies complied with the rules of the stock […]

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