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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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 […]
Read More 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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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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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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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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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 […]
Read More 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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Nigeria’s capital market apex regulator, Securities and Exchange Commission (SEC) has slammed major petroleum marketing company, Oando Plc with suspension, directing the Nigerian Stock Exchange (NSE) to suspend trading of the shares of the company effective forty eight hours from today October 18 to 20, 2017. According to a statement from the NSE, which was […]
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Afrinvest (West Africa) Limited is set to present the 2017 edition of its Annual Nigerian Banking Sector Report at the London Stock Exchange, LSE, later this month. The presentation of the report is scheduled as the anchor event of the Nigeria Banking & Investment Forum: Capital Markets Partnership, hosted by the LSE in collaboration with […]
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The Chief Executive Officer of the Nigerian Stock Exchange, Oscar Onyema, said that informed investors and players in the Nigerian capital market were not surprised that the country exited recession in the second quarter of this year because market data gave the signals. While the national economy relapsed into recession in Q2, 2016 with a […]
Read More The Securities and Exchange Commission has announced plans to join the International Organisation of Securities Commissions (IOSCO) and other capital market regulators across the globe to celebrate the 2017 edition of the IOSCO World Investor Week, which is a first of its kind from 2nd through 8th October 2017. The Investor Week (WIW) is a […]
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