The new Acting Director General of the Securities and Exchange Commission (SEC) Ms Mary Uduk has said that the listing committee constituted by the commission has the main objective to attract new listed firms to the stock market. She disclosed this to journalists during the post Capital Market Committee (CMC) briefing in Lagos. She explained […]
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Shareholders of Dangote Cement Plc are surely in for a good deal as the company’s directors have recommended ₦10.75 dividend payout for the year ended on December 31 2017 as against ₦8.70 paid in 2016. In absolute terms, the figure translates to ₦178.9 billion as the company’s group revenue grew by 31 percent from ₦615.1 […]
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As part of an agreement it reached with the Federal Government, MTN Nigeria has said it is planning to list on the Nigerian Stock Exchange (NSE). According to a company source, “there’s a lot of preparation going on due to the listing, which is expected to happen this year and its Group Chief Executive, Rob […]
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In its desire to ensure the availability of forex and also meet customers’ requests in various segments of the market, the Central Bank of Nigeria (CBN) has injected another sum of $210 million into the inter-bank Foreign Exchange Market. Figures obtained from the bank on Monday, indicated that the apex bank offered $100million to authorised […]
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The Association of Stockbroking Houses of Nigeria (ASHON) has signed a Memorandum of Understanding (MOU) with The Nigerian Stock Exchange (NSE), strengthening preparation for seamless take-off of the proposed Lagos Commodity and Futures Exchange, (LCFE). The MoU, which was signed in Lagos by ASHON’s Chairman, Mr. Patrick Ezeagu and The Exchange’s Chief Executive Officer, Mr […]
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The Nigerian Stock Exchange (NSE) yesterday saw resumed profit taking after it halted three-day gaining streaks that was buoyed by positive market sentiment. Consequently, the overall performance measures, NSE ASI and market capitalisation, fell by 0.34 per cent. This was due to profit taking by bargain hunters in the wake of cautious optimism that had […]
Read More Some financial experts on Monday commended the new share pricing method of the Nigerian Stock Exchange (NSE). They said it that would not allow share prices to trade as low as one kobo and boost inflow foreign investments. The experts, in separate interviews with the News Agency of Nigeria (NAN) in Lagos, said that the […]
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The Chief Executive Officer of the Nigerian Stock Exchange (NSE), Mr. Oscar Onyema yesterday said the Nigerian stock market recovered from the macroeconomic overhang to become the third best performing market in 2017 globally. He attributed the growth of 42.3 per cent recorded by the market in part, to Central Bank of Nigeria (CBN)’s monetary […]
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Following regulatory approval, the Nigerian Stock Exchange, NSE, has announced the promotion of Ms Tinuade Awe to Executive Director, Regulation, with effect from January 1. Prior to her promotion, Ms. Awe was the General Manager heading the Legal and Regulation Division, while also serving as General Counsel of the Exchange. She served as Secretary to […]
Read More Driven by sustained gains by highly capitalised companies, the Nigerian Stock Exchange (NSE) yesterday maintained its impressive performance as the All Share Index rose above the 40,000 mark for the first time in three years. Specifically, the Index rose to 40,362.97 points yesterday from 39,849.65 points on Monday, the highest since October 2014. Similarly, the […]
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Stock market experts have expressed optimism that the capital market would sustain the positive outlook in 2018. They believe that with 2018 being a pre-election year the government would be under severe pressure to reflate the economy and generate demand needed to expand the real sector and create jobs. Whereas nobody can predict the capital […]
Read More Statistics obtained from the Nigeria Stock Exchange (NSE) has shown that a total of 65 stocks recorded gains in 2017. Among the 65 stocks, 12 rose by more than 100 per cent, compared to just three equities that recorded triple-digit price appreciation in 2016. Also, more than 30 stocks recorded two-digit capital growth for the […]
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