Capital Market

Dmo

DMO thtreaten to Deregister Over 50 Non-Performing Agents in Bonds Trading

The Debt Management Office has threatened to deregister several non-performing registered Distribution Agents for its retail Bonds on Nigerian Stock Exchange (NSE). This was disclosed by Mrs. Bose Olafisoye, who represented the head of the market department at the DMO, who, lamented that “a lot of (135 registered) Distribution Agents have not brought (pooled) in […]

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Emeka Emuwa

Union Bank Profit Growth continued In Half Year 2019 Medinat Ajibola

Nigeria’s major Financial institution, Union Bank of Nigeria Plc, has released its unaudited financial statement for the period ended June 30, 2019, which showed a sustained growth in profits. The result showed that the group profit after tax rose in the period by 3 percent from N11.5 billion in 2018 to N11.9 billion in the […]

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Ebenezer Onyeagwu

Zenith Bank New GMD Onyeagwu, Assures of Consolidation of Gains

The Group Managing Director of Zenith Bank Plc, Ebenezer Onyeagwu, has said that with him in the saddle as new CEO, the bank will continue with the tradition and vision of excellence o the founding father Jim Ovia, which has led to several gains for the bank, in financial industry in Nigeria. The Zenith Bank’s […]

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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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