The Securities and Exchange Commission (SEC) yesterday disclosed that it has spent ₦315 million for free e-dividend registration for shareholders across the country. According to the Commission, the figure arose from bearing the cost of registering 2.1 million shareholders on the e-dividend platform at ₦150 per mandate. The apex capital market regulator also disclosed that […]
Read More
Buoyant commodity prices alongside a pullback in U.S. bond yields and the dollar propelled world stocks to new record highs on Thursday, signalling the rally would likely extend into 2018. MSCI’s world equity index, which tracks shares in 47 countries, has risen about 22 percent this year and looks set for a record 14th straight […]
Read More Securities and Exchange Commission (SEC) has pledged to work with Finance Correspondents to ensure proper reporting of the capital market in order to enlighten and educate the investing public. Dr. Abdul Zubair stated this when Executive of Finance Correspondents Association of Nigeria (FICAN) Abuja Chapter visited him recently. Zubair commended the journalists for their assistance […]
Read More Taken a look at your stock portfolio lately? It’s a good bet it’s racked up solid gains this year. Wall Street has taken stock investors on a mostly smooth, record-shattering ride in 2017. The major stock indexes are closing in on double-digit gains for the year, led by Apple, Facebook and other technology stocks. The […]
Read More Following series of unwholesome practices recently noticed within the capital market, the Securities and Exchange Commission (SEC) is closing ranks with relevant bodies, especially the Investments and Securities Tribunal (IST), to institutionalise international best practices in the system by ensuring all fraudulent acts do not go unpunished. The Acting Director General of SEC, Dr. Abdul […]
Read More
The Nigerian Stock Exchange, NSE, on Thursday announced the inauguration of a six member steering Board of the Corporate Governance Rating, System, CGRS that will award certificates to companies and directors that meet its high standard of corporate governance. The Board comprises of six (6) members, two (2) representatives of the Convention on Business Integrity […]
Read More
The Nigerian Stock Exchange reversed a two-day decline at the close of trade on Wednesday after the NSE market capitalisation appreciated by ₦54 billion. The Exchange’s All-Share Index rose 40 basis points to close at 37,933.86 points while year-to-date return expanded to 41.2 per cent. A total of 207.886 million shares valued at ₦3.386 billion […]
Read More
Nigeria’s largest and oldest conglomerate, UAC of Nigeria (UACN) Plc is scheduled to close the application list for its ongoing ₦15.4 billion rights issue this Friday, giving shareholders some 48 hours to pick their rights. UACN is raising ₦15.36 billion through a rights issue of 960.43 million ordinary shares of 50 kobo each at ₦16 […]
Read More
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 […]
Read More 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 […]
Read More
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 […]
Read More
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 […]
Read More
