Capital Market

NSE CEO, Oscar Onyema inducted as Associate Member of CIS

The Chief Executive Officer of The Nigerian Stock Exchange (NSE), Mr. Oscar N. Onyema, OON was on Tuesday 19, 2017, inducted as an associate member of the Chartered Institute of Stockbrokers (CIS) of Nigeria at the induction ceremony held at the Stock Exchange House, Lagos. With this, Mr. Onyema has become the first CEO of […]

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Sterling Bank, Diamond Bank, others to top NSE’s index of 30 most capitalised stocks

THE Nigerian Stock Exchange (NSE) is expected to move Sterling Bank Plc, Diamond Bank and three other stocks to the top index of 30 most capitalised stocks in the forthcoming review of the stock market’s indices. The NSE is expected to review the six group indices that track performance of some groups of stocks at […]

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The PZ Cussons Plc logo sits on the exterior of their Agecroft factory near Manchester, U.K., on Tuesday, Sept. 13, 2016. Through its subsidiaries, PZ Cussons manufactures soaps, detergents, toiletries, pharmaceuticals, refrigerators, and air conditioners. Photographer: Matthew Lloyd/Bloomberg

PZ Cussons warns of lower HY operating profit, shares fall

Soap and shampoo maker PZ Cussons said firsthalf operating profit was expected to fall 10 per cent as reduced margins in its European and African businesses weighed on profitability. The company, which sells brands such as Carex and Five:Am., said the performance in these two regions were expected to improve in the second half with […]

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Anheuser-Busch InBev completes listing on the NSE

Anheuser-Busch InBev-world’s largest brewer yesterday completed the merger of its Nigerian businesses with the listing of the consolidation shares on the Nigerian Stock Exchange (NSE). Three indirect Nigerian subsidiaries of Anheuser-Busch InBev-International Breweries Plc, Intafact Beverages Limited and Pabod Breweries Limited were merged through a scheme of merger with International Breweries subsisting as the post-merger […]

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Nigeria Stock Exchange Market

Stock market down by ₦136 billion as 24 stocks decline

The Nigerian equities market depreciated by ₦136 billion at the close of trading on Wednesday after 24 stocks recorded price declines. A total of 323.946 million stocks valued at ₦4.401bn exchanged hands in 5,168 deals. The gain recorded in the equities market on Tuesday became eroded as the benchmark index continued on its downward trend […]

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90 stockbrokers licence revoked from the Nigerian stock market in 2017

Authorities at the Nigerian Stock Exchange (NSE) has revoked the operating licence and expelled Midland Capital Markets Limited from the capital market, bringing to 90 the number of stockbrokers so far expelled from the market this year. A regulatory document obtained by The Nation indicated that the decision to revoke the operating licence and expel […]

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Nigeria Stock Exchange Market

NSE index rises by 0.02% in cautious trading

Trading on the Nigerian Stock Exchange (NSE) on Wednesday ended on a cautious note with Nestle Nigeria leading the gainers’ table for the third consecutive day. Nestle gained ₦38.84 to close at ₦1,300 per share. Unilever came second with a gain of ₦2.15 to close at ₦39 95, while Zenith International Bank gained 31k to […]

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Director-General, SEC, Mr. Munir Gwarzo

Stakeholders wants thorough investigation of ₦104m payment

To uphold the integrity of the Nigerian capital market, stakeholders yesterday called for a thorough investigation into the raging financial allegations against the Director General of the Securities and Exchange Commission (SEC), Mr. Mounir Gwarzo. Those who spoke to Daily Sun on the likely impact of the allegation on the business community, urged the Federal […]

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SEC to begin capital market curriculum in schools by 2018

The Securities and Exchange Commission (SEC) said it would begin capital market curriculum in primary and secondary schools in September 2018. Mr Mounir Gwarzo, the Director-General of SEC, disclosed this at the World Savings Day celebration on Tuesday in Abuja. The theme of the event is “Promoting Awareness on the Importance of Saving”. The event […]

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Adeosun approves NCMDF board members

Nigeria’s Minister of Finance, Kemi Adeosun has approved the appointment of members of the Board of Nigerian Capital Market Development Fund, NCMDF. The Securities and Exchange Commission yesterday disclosed this, saying, “the Commission’s mandate is to deepen the market and enhance the socio economic development of our beloved country.” Member of the Board are : […]

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Securities and Exchange Commission (SEC)

SEC launch Capital Market Development Fund, fmr chair commends

The Securities and Exchange Commission (SEC) has been commended on the establishment of the Nigerian Capital Market Development Fund (NCMDF) Speaking at the inauguration of the NCMDF board, a former Chairman of SEC and former DG, Dr. Suleyman Ndanusa, commended the Commission on its efforts at discharging its primary mandate of regulating and developing the […]

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Nigeria Stock Exchange Market

90 companies get delisted from NSE in 15-years

The last 15 years have seen an increasing number of firms delisted from Nigerian Stock Exchange (NSE). Specifically, analysis of the data on the stock exchange website showed that about 90 companies have delisted from the nation’s bourse in the last 15 years. The firms were said to have left the market for various reasons […]

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