At the close of trading on Wednesday, the Nigerian Stock Exchange All-Share Index gained 0.15 per cent to close at 35,358.57 basis points as 19 stocks appreciated. Thus, the year-to-date return advanced to 31.57 per cent. In addition to 18 stocks that declined, the volume of transactions and market turnover declined by 53.02 per cent […]
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In what has become a sustained intervention, the Central Bank of Nigeria (CBN), yesterday, injected additional $195 million into the inter-bank foreign exchange market to keep it liquid. Figures released by the apex bank show that it injected $100million into the wholesale segment, while the Small and Medium Enterprises (SMEs) segment received $50 million. The […]
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Nigeria police unit of the Securities and Exchange Commission has arraigned the BGL Group and its officials at the Chief Magistrate Court Zone 6, Abuja on charges of criminal conspiracy, breach of trust and cheating. According to Punchng, the offences are contrary to Sections 96, 312, 322 and 323 of the Penal Code Law, Chapter […]
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The Nigerian Stock Exchange (NSE) and Ciuci Consulting, a strategy and consumer intelligence company, have launched the ‘Nigeria Business Composite 10’ (NiBC 10) to celebrate 10 successful Nigerian enterprises in Lagos. NIBC 10 is a selection of 10 successful Nigerian enterprises who have exhibited high potentials for growth and have, over the years, maintained a […]
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The Nigerian Stock Exchange (NSE) yesterday, announced the emergence of Mr. Abimbola Ogunbanjo, as the new President of National Council of the Exchange. The exchange, in a statement, said that the election of Mr. Ogunbanjo took place at the council’s meeting after its 56th Annual General Meeting in Lagos. Mr. Ogunbanjo would replace Aigboje Aig-Imoukhuede, […]
Read More The Nigerian Stock Exchange market capitalisation declined by ₦6bn on Thursday following a major decline in the performance of Dangote Cement Plc stocks. The NSE capitalisation fell to ₦12.130tn from ₦12.136tn as the All-Share Index closed at 35,188.97 basis points from 35,207.89 basis points. A total of 429.224 million shares valued at ₦8.68bn exchanged hands […]
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The Nigerian Stock Exchange (NSE) has underscored the importance of registration for the electronic dividend payment (e-dividend) system as a key measure to address the recurring issue of unclaimed dividend. The NSE recently organised an investor clinic to educate capital market stakeholders on the role of dematerialisation, direct cash settlement and e-dividend in the development […]
Read More Nigeria’s apex market regulator, the Securities and Exchange Commission, has barred the Managing Director of Partnership Investment Company Plc and Partnership Securities Limited, Mr. Victor Ogiemwonyi, for life from holding directorship positions in any public company in the country following his alleged unprofessional conduct in the capital market. According to correspondent, SEC has also withdrawn […]
Read More The Nigerian equities market advanced by ₦70 billion at the close of trading on the floor of the Nigerian Stock Exchange on Thursday notwithstanding depreciation in 22 stocks. The market recorded 15 gainers as 128.312 million shares valued at ₦2.728 billion exchanged hands in 3,241 deals. At the end of the day’s trade, the All-Share […]
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Food and beverage industries emerges top earner as stocks rose by 1.14 per cent on Wednesday. The Nigerian Stock Exchange capitalisation also appreciated by ₦23 billion. The NSE sector performance showed that the banking and insurance indices also appreciated by 0.22 per cent and 0.46 per cent, respectively. The industrial goods and oil/gas sectors recorded […]
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The Central Bank of Nigeria (CBN), has once again injected another sum $250 million into the forex market. This is as a result of its relentless effort to keep the inter-bank foreign exchange market liquid.. A breakdown of Monday’s intervention indicates that the wholesale sector was offered the sum of $100 million, just as the […]
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Weekly equity transactions on the Nigerian Stock Exchange (NSE) closed on Thursday on upbeat note as the All-Share Index grew by 1.42 per cent. The index rose by 507.12 basis points to close higher at 336,116.19 against the 35,609.07 achieved on Wednesday. Market capitalisation, which opened at ₦12.249 trillion, rose by ₦175 billion or 1.42 […]
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