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 […]
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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 According to correspondent, SEC has also withdrawn […]
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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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Naira edge up on Thursday as the Central Bank of Nigeria (CBN) injected $297 million into the Retail Secondary Market Intervention Sales (SMIS) segment of the foreign exchange market, raising the total intervention for the week to the sum of $547 million. The intervention boosted its rate as it closed at ₦362 to the dollar […]
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At no less than 35 quoted companies have been fined N296 million by the Nigerian Stock Exchange (NSE) over their failure to file financial statements with the NSE as slated in their listing requirement. According to Sunnewsonline, a cursory look at the affected entities show that majority of them are in the insurance subsector, where […]
Read More The Nigerian equities market recorded 31 laggards at the close of trading on the floor of the Nigerian Stock Exchange on Monday, as the NSE All-Share Index declined by 0.9 per cent. It started the week in the red, as the year-to-date return fell to 35.14 per cent. A total of 11 gainers emerged, as […]
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Both the Securities and Exchange Commission and the Nigerian Stock Exchange have said legal firms should consider listing their shares on the Nigerian Stock Exchange. The Director-General, SEC, Mr. Mounir Gwarzo, and the NSE’s Chief Executive Officer, Mr. Oscar Onyema, said this while discussing ‘Creating secondary market for investors’ at a break out session of […]
Read More As part of its efforts to attract Nigerians, especially youths, to invest in the Nigerian capital market, the Securities and Exchange Commission (SEC) is partnering the Nigerian Educational Research and Development Council (NERDC) to develop a curriculum on capital market studies to be taught in primary and secondary schools. Speaking to the press during the […]
Read More Nigerian stocks closed higher on Friday for the second consecutive day, lifted by shares in banking, cement and a consumer goods maker. But the stock market cumulatively depreciated by 3.35 per cent this week, owing majorly to profit-taking activities by investors following major gains the past weeks. Reuters reported that the main share index ended […]
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