Capital Market

Food, beverage top earner as capitalisation appreciates ₦23 billion

Food and beverage industries emerges top earner as stocks rose by 1.14 per cent on Wednesday. The Nigerian Stock Exchange capitalisation also appreciated by ₦23 billion. The NSE sector performance showed that the banking and insurance indices also appreciated by 0.22 per cent and 0.46 per cent, respectively. The industrial goods and oil/gas sectors recorded […]

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CBN hq

CBN again inject $250 million into FX market

The Central Bank of Nigeria (CBN), has once again injected another sum $250 million into the forex market. This is as a result of its relentless effort to keep the inter-bank foreign exchange market liquid.. A breakdown of Monday’s intervention indicates that the wholesale sector was offered the sum of $100 million, just as the […]

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Nigeria Stock Exchange Market

Stock market indices appreciate by 1.42 pct

Weekly equity transactions on the Nigerian Stock Exchange (NSE) closed on Thursday on upbeat note as the All-Share Index grew by 1.42 per cent. The index rose by 507.12 basis points to close higher at 336,116.19 against the 35,609.07 achieved on Wednesday. Market capitalisation, which opened at ₦12.249 trillion, rose by ₦175 billion or 1.42 […]

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Naira

CBN injects $297 million into forex market

Naira edge up on Thursday as the Central Bank of Nigeria (CBN) injected $297 million into the Retail Secondary Market Intervention Sales (SMIS) segment of the foreign exchange market, raising the total intervention for the week to the sum of $547 million. The intervention boosted its rate as it closed at ₦362 to the dollar […]

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35 companies get ₦296m fine for failure to file financial statements

At no less than 35 quoted companies have been fined N296 million by the Nigerian Stock Exchange (NSE) over their failure to file financial statements with the NSE as slated in their listing requirement. According to Sunnewsonline, a cursory look at the affected entities show that majority of them are in the insurance subsector, where […]

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The Nigerian Stock Exchange (NSE)

NSE records fall of 31 stocks as trading opens

The Nigerian equities market recorded 31 laggards at the close of trading on the floor of the Nigerian Stock Exchange on Monday, as the NSE All-Share Index declined by 0.9 per cent. It started the week in the red, as the year-to-date return fell to 35.14 per cent. A total of 11 gainers emerged, as […]

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Director-General, SEC, Mr. Munir Gwarzo

SEC, NSE want legal firms listed on capital market

Both the Securities and Exchange Commission and the Nigerian Stock Exchange have said legal firms should consider listing their shares on the Nigerian Stock Exchange. The Director-General, SEC, Mr. Mounir Gwarzo, and the NSE’s Chief Executive Officer, Mr. Oscar Onyema, said this while discussing ‘Creating secondary market for investors’ at a break out session of […]

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Securities and Exchange Commission (SEC)

SEC partners NERDC to ensure capital market studies is taught in schools

As part of its efforts to attract Nigerians, especially youths, to invest in the Nigerian capital market, the Securities and Exchange Commission (SEC) is partnering the Nigerian Educational Research and Development Council (NERDC) to develop a curriculum on capital market studies to be taught in primary and secondary schools. Speaking to the press during the […]

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The Nigerian Stock Exchange (NSE)

Stock index rises as bank shares gain

Nigerian stocks closed higher on Friday for the second consecutive day, lifted by shares in banking, cement and a consumer goods maker. But the stock market cumulatively depreciated by 3.35 per cent this week, owing majorly to profit-taking activities by investors following major gains the past weeks. Reuters reported that the main share index ended […]

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The Nigerian Stock Exchange (NSE)

Stocks fall by ₦294 billion, near two-week low

The Nigerian stock market recorded a ₦294bn decline on Tuesday, nearing its lowest level in two weeks. The market was dragged down by losses in banking, cement and fast-moving consumer goods sectors, as some investors took profits from previous gains in the market, traders said. The Nigerian Stock Exchange market capitalisation declined to ₦12.786tn from […]

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Ibrahim-Magu-EFCC-chairman

Magu woos stockbrokers with 5% whistle-blowing gain to get rid of infractions

Acting Executive Chairman of the Economic & Financial Crimes Commission (EFCC), Mallam Ibrahim Magu, has urged the stockbroking community on the platform of the Nigerian Chartered Institute of Stockbrokers to join in the fight against corruption by whistle blowing, whenever they suspect attempts to launder proceeds of corruption or fraud through the stock market in […]

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Securities and Exchange Commission (SEC)

SEC’s CMC holds next week, new market operators’ interview on schedule

The apex regulatory body of the capital market, the Securities and Exchange Commission (SEC) will hold its quarterly Capital Market Committee (CMC) meeting in Lagos next week in Lagos. The meeting is the second in 2017, where key stakeholders in the capital market meet to discuss issues and developments and proffer solutions to various salient […]

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