President Muhammadu Buhari came into power on May 29, 2015, riding on the back of several campaign promises which included a war on corruption, improved social welfare, and the strengthening of the naira until it is equal to the dollar. His victory came at a time the capital market was struggling to gain ground among […]
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Barclays Africa plans to join the Nigerian Stock Exchange (NSE) as a broker in July and is exploring opportunities in three other African countries. The move is to create access for foreign investors looking to tap into markets on the continent. Garth Klintworth, head of markets for Barclays Africa Group, said its subsidiary Absa Nigeria […]
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Foreign and domestic investors have taken a beating following the downturn in the nation’s stock market, ’FEMI ASU writes The total value of equities listed on the Nigerian Stock Exchange has plunged by ₦2.053tn since it peaked at ₦16.154tn in January. The market capitalisation rose from ₦13.617tn at the start of the year to a […]
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Activity on the Nigerian Stock Exchange, NSE, maintained an upward trajectory this week with Japaul Oil and Maritime Services Plc, Equity Assurance Plc and 38 other companies propelling the ₦94 billion gains recorded by investors in the market. The buy interest in the companies resulted in 0.67 percent rise in both the All share index, […]
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In the effort to sanitise the nation’s capital market, the Nigerian Stock Exchange (NSE), has expelled not less than 22 companies between 2016 and 2017 over non-performance and failure to meet the required post-listed standards. Data obtained by the News Agency of Nigeria (NAN) from the exchange showed that the delisted companies included Cappa and […]
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The equity market trended downward for the second consecutive week as investors stayed on the sidelines last week amidst the build up to the electioneering period. Consequently, the NSE All-Share Index and market capitalisation depreciated by 2.84 per cent to close the week at 39,323.62 points and ₦14.244tn, respectively. In the same vein, all the […]
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The body of Lawyers, the Nigeria Bar Association (NBA) is partnering with the Securities and Exchange Commission (SEC) in the Commission’s efforts to further deepen and strenghten the capital market. Chairman NBA Section on Business Law (SBL) Mr. Olumide Akpata, made the call when members of the NBA-SBL visited the SEC office in Abuja. Assuring […]
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Against the backdrop of the House of Representatives sub-committee on Capital Market, Regulation and Compliance ongoingprobe of the nation’s market operations to address some observed anomalies, some stakeholders have thrown their weight behind the exercise, saying it would further help sanitise the sector. The committee, which said it has uncovered “a lot of underhand and […]
Read More The House of Representatives sub-committee on Capital Market, Regulation and Compliance has started a probe in the capital market operations. Over 100 public liability companies have been invited by the committee to defend their operations on several petitions received by the committee from several stakeholders across the country. It was revealed that in the last […]
Read More As the Association of Bureaux De Change Operators of Nigeria (ABCON) launched the live rate engine room, www.naijabdcs.com, in Lagos yesterday, its President, Aminu Gwadabe, has predicted that the new initiative would transform the foreign exchange (forex) market and keep speculators at bay. Gwadable, in his address at the event, said the website would be […]
Read More Recent controversies trailing the Nigerian capital market have forced many to query the safety of investments in the sector. They have also called to question the role of some regulators in ensuring investor confidence in the market. According to market stakeholders, these issues should be tackled thoroughly to restore confidence and ensure transparency in the […]
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The Nigerian Stock Exchange (NSE) has emerged the preferred host of the 22nd annual conference of the African Securities Exchanges Association (ASEA) scheduled for Lagos. NSE won a similar hosting right for the 2009 edition held in Abuja. According to a statement from the NSE, the annual conference is ASEA’s flagship event and Africa’s foremost […]
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