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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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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