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 […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More 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 […]
Read More 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 […]
Read More
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 […]
Read More
