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 […]
Read More The Nigerian stock market recorded a ₦294bn decline on Tuesday, nearing its lowest level in two weeks. The market was dragged down by losses in banking, cement and fast-moving consumer goods sectors, as some investors took profits from previous gains in the market, traders said. The Nigerian Stock Exchange market capitalisation declined to ₦12.786tn from […]
Read More
Acting Executive Chairman of the Economic & Financial Crimes Commission (EFCC), Mallam Ibrahim Magu, has urged the stockbroking community on the platform of the Nigerian Chartered Institute of Stockbrokers to join in the fight against corruption by whistle blowing, whenever they suspect attempts to launder proceeds of corruption or fraud through the stock market in […]
Read More
The apex regulatory body of the capital market, the Securities and Exchange Commission (SEC) will hold its quarterly Capital Market Committee (CMC) meeting in Lagos next week in Lagos. The meeting is the second in 2017, where key stakeholders in the capital market meet to discuss issues and developments and proffer solutions to various salient […]
Read More
Zenith Bank Plc, along Ecobank Transactional Incorporated Plc, and Guaranty Trust Bank Plc (GTBank) lead 13 others to emerge as best performing stocks in the banking sector in July. At the close of trading on Monday, July 31, the stock price of Zenith Bank appreciated by 17.8 per cent, while ETI added 18.1 per cent […]
Read More Equities on the domestic bourse ended the last trading day of July with an over-hang of Friday’s decline as the NSE All Share Index (ASI), the key benchmark index dropping 2.77 per cent to settle at 35,844 basis points. This was so because market capitalisation dropped by ₦352 billion to ₦12.354 trillion as heavy profit […]
Read More
The Central Bank of Nigeria (CBN) ended July with another $195 million injection into various segments of the foreign exchange market as part of its strategies to stabilize exchange rate. A breakdown of yesterday’s disbursement shows that $100 million was channeled into wholesale auction at the inter-bank market as the Small and Medium Enterprises (SMEs) […]
Read More
The Vice Chairman of C & I Leasing Plc, the services listed company on the Nigerian Stock Exchange, Emeka Ndu has said the company is planning to raise fresh capital from investors towards further supporting the company’s operations. He disclosed this on Monday at the company’s facts behind the figures presentation at the Nigerian Stock […]
Read More
The Nigerian Stock Exchange’s market capitalisation for the third consecutive day on Wednesday rose by ₦27 billion or 0.23 per cent to close at ₦11.550 trillion after closing at ₦11.523 trillion on Tuesday. This was the All-Share Index, which opened at 33,436.61, appreciated 78.32 points or 0.23 points to close at 33,514.93 due to price […]
Read More
Nasdaq and The Nigerian Stock Exchange (NSE) have officially announced that NSE, the stock exchange of the largest economy in Africa, has launched a new market surveillance platform powered by SMARTS, Nasdaq’s flagship surveillance solution. The technology will, amongst other things, enable NSE to proactively monitor market manipulation (including spoofing and layering), detect and deter […]
Read More Recent developments in the nation’s capital market may have pushed the Nigerian Stock Exchange (NSE) to the top, as it closed as the world’s best performer. An analysis of 16 selected stock markets across America, Europe, Africa and Asia by researchers from FSDH Merchant Bank put the NSE All-Share Index (ASI) firmly at the top […]
Read More The Nigerian Stock Exchange, NSE, has placed the shares of 17 companies on suspension for failing to file their various financial statements as at when due. Most of the companies are in the insurance sector, and are also penny stocks. The companies include African Alliance Plc, Equity Assurance Plc, Guinea Insurance Plc, Sovereign Trust Insurance, […]
Read More
