Equities

A day after a rout, US stocks turn higher on solid earnings

Jumia, Konga plan $4.7 bln IPOs on international market

The two major players in the Nigerian e-commerce space – Jumia and Konga – are considering listing their respective shares on the international market. Jumia had earlier announced its planned $1.5 billion initial public offering (IPO) on the New York Stock Exchange this year, which would reportedly see the business valued at $1.5 billion, even […]

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Traders work at the Nigerian Stock Exchange in Lagos

NSE appoints listing, trading business heads

The Nigerian Stock Exchange has appointed Mr Olumide Bolumole as its divisional head of listing business and Mr Jude Chiemeka as the divisional head of trading business. The NSE said in a statement that Chiemeka was joining the management team with over 24 years’ experience in securities trading and asset management across markets in Africa. […]

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Traders work at the Nigerian Stock Exchange in Lagos

NSE opens week on bearish note on profit-taking

The nation’s stock market opened the week on bearish note as investors locked in profits recorded in the past days. As a result, the Nigerian Stock Exchange (NSE) All-Share Index (ASI) fell by 0.26 per cent to close lower at 31,344.24, while market capitalisation shed ₦30.7 billion to close at ₦11.7 trillion. The market had […]

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May & Baker

May & Baker realises ₦1.86 billion from rights issue, to become 76.04 pct successful

The Nigerian Stock Exchange (NSE) has listed additional 745,234,886 ordinary shares of May & Baker Nigeria Plc issued by way of a Rights Issue. Specifically, the additional shares arose from company’s Rights Issue of 980,000,000 ordinary shares of 50 kobo each at ₦2.50 per share on the basis of one new ordinary shares for every […]

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The Nigerian Stock Exchange (NSE)

NSE: Investors lose ₦134.4 billion on first trading day

Equities listed on the Nigerian Stock Exchange opened the year on a negative note as investors lost ₦134.4 billion at the close of trading on Wednesday, the first trading day of the year. The market capitalisation of equities listed on the Exchange dropped from ₦11.720 trillion on December 31, 2018, to ₦11.586 trillion on January […]

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Traders work at the Nigerian Stock Exchange in Lagos

NSE trading kick-start 2019 on a bearish note

Activities resumed for the year on the Nigerian Stock Exchange, NSE, on a bearish note with the All-Share Index dropping by 1.15 per cent. Reports have it that the index which opened at 31,430.50 shed 360.44 points or 1.15 per cent to close at 31,070.06 due to losses by some highly capitalised stocks. Also, the […]

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Forte Oil share price hits new high on sustained high demand

Shares of Forte Oil Plc surged further Thursday as investors continued to react positively to the news of Mr. Femi Otedola’s planned divestment. Otedola’s intention to sell his 75 per cent direct and indirect shareholdings in the company, was disclosed on Monday in a notification to the Nigerian Stock Exchange (NSE). According to the notification, […]

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The Nigerian Stock Exchange (NSE)

Market Indices decline by 0.86 pct after Christmas break

Activities on the Nigerian Stock Exchange (NSE) resumed on Thursday on a downward trend after a two-day holiday to observe Christmas and Boxing Day celebrations. The crucial market indices declined by 0.86 per cent. Specifically, the All-Share Index lost 274.38 points or 0.86 per cent to close at 31,692.63 compared with 31,967.01 on Monday. Also, […]

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FMDQ OTC lists ₦13.5 billion Union Bank bonds

The FMDQ OTC Securities Exchange last week admitted the ₦13.50 billion Union Bank of Nigeria Plc Bonds on its platform. The bonds comprise the Union Bank of Nigeria Plc ₦7.19 billion Series 1 and ₦6.31 billion Series 2 Senior Unsecured Fixed Rate Bonds under its ₦100.00 billion Debt Issuance Programme on its platform. Welcoming guest […]

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Traders work at the Nigerian Stock Exchange in Lagos

Investors stake ₦11.2 billion on equities amid marginal decline

Investors staked ₦11.192 billion on 1.107 billion shares in 14,430 deals at the stock market last week even as the market recorded a marginal decline. The amount was, however, lower than the ₦14.277 billion invested in 1.199 billion shares exchanged in 15,841 deals the preceding week. The market had ended the month of November with […]

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Traders work at the Nigerian Stock Exchange in Lagos

Equities for first trading in December begins on a bearish note

The Nigerian Stock Exchange (NSE) began the first trading in the month of December on a bearish note as All Share Index closed at 30,798.76 basis points, down 0.24 percent following sell-offs across major sectors. Consequently, the Year-to-Date, YtD loss amplified to -19.47 percent. Among sectoral Indices, the Insurance (-4.51 percent) Index posted the heaviest […]

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Traders work at the Nigerian Stock Exchange in Lagos

Investors’ sell-offs drags market index down by 0.2 pct

The equities market on the Nigerian Stock Exchange, NSE started the week (Monday) on a negative note, as the All Share Index, ASI fell by 0.2 percent to close at 32,143.41 points, owing to sell pressure in banking stocks. Accordingly, the Month-to-Date and Year-to-Date losses increased to 0.99 percent and 15.95 percent, respectively. The Banking […]

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