Equities

Nigeria Stock Exchange Market

NSE indices showed day-on-day gain of 0.44 per cent

Nigerian equities rebounded yesterday as large-cap stocks rallied the market to a net capital gain of ₦53 billion. Benchmark indices at the Nigerian Stock Exchange (NSE) showed average day-on-day gain of 0.44 per cent, representing net capital appreciation of ₦53 billion. The All Share Index (ASI)-the benchmark index for the equities market, rose from its […]

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Aiico, Flour Mills, Nestle emerges as top losers amid ₦63bn market drop

Aiico Insurance Plc, Flour Mills Nigeria Plc, Nestle Nigeria Plc, Continental Reinsurance Plc and Linkage Assurance Plc emerged the top five losers at the close of trading on the floor of the Nigerian Stock Exchange on Tuesday, as equities depreciated by ₦63 billion. The Nigerian equities market extended losses as the All-Share Index slid by […]

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The Nigerian Stock Exchange (NSE)

Prices on NSE may trade around, above current level in H2: analysis

Investment analysts in the capital market have said that prices on the Nigerian Stock Exchange, NSE, may trade around current levels and even higher towards the end of the year. Analysts at Cowry Asset Management Limited expressed this view in a Report titled “H1 2017 Review and Outlook for H2 2017”. They projected a positive […]

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CBN to step up liquidity mop up as ₦333.83 bln flows into interbank

The Nigeria’s Central Bank will this week step up its liquidity mop-up in a bid to offset impact of ₦333 billion inflows into the interbank money market. Already, the apex bank is scheduled to mop-up ₦174.15 billion this Wednesday through Open Market Operation (OMO) treasury bills (bills) auction. The auction comprises 91-day bills worth ₦39.01 […]

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Nigeria Stock Exchange Market

Nigerian equities rebound after five consecutive day loses

The Nigerian equities market rebounded from a five-day losing streak on Wednesday as the All-Share Index rose by 0.6 per cent to close at 35,609.07 basis points. The year-to-date return advanced to 32.5 per cent as 281.836 million shares worth ₦5.424bn exchanged hands in 4,066 deals. Investors gained ₦70.7bn as the Nigerian Stock Exchange market […]

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Godwin Emefiele

CBN injects $250 million into FX market

The Central Bank of Nigeria (CBN) on Monday intervened in the inter-bank foreign exchange(forex) market to the tune of $250 million in three segments of the market. In the wholesale segment of the inter-bank foreign exchange market, it sold $100 million and also uplifted the Small and Medium Enterprises (SMEs) and invisible segments with the […]

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Lagos raises ₦85 billion developmental projects bond issue

Lagos state on Monday raised ₦85.14 billion ($271 million) in 7- and 10-year bonds to fund infrastructure and environmental projects, its commissioner for finance said on Monday. The bond consists of ₦46.37 billion 7-year debt at a 16.75 percent rate and ₦38.77 billion via a 10-year paper with 17.25 percent interest, Akinyemi Ashade said in […]

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Nigeria to sell up to $3 billion Eurobonds to replace bills

Nigeria plans to sell as much as $3 billion of foreign-currency bonds to replace naira debt, according to its finance minister. According to Bloomberg, the government will issue the dollar securities once the National Assembly approves the sale, Kemi Adeosun told reporters Wednesday in Abuja, the capital. They will have three-year maturities and be used […]

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Foreign investments rose by 59.8 pct in one year

Foreign portfolio investment transactions in the country’s stock market rose by 59.81 per cent by the first half of this year compared to the corresponding period of last year. The FPI transactions were increased from ₦269.22bn to ₦430.23bn in the 12-month period, market data of the Nigerian Stock Exchange made available to our correspondent on […]

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The Nigerian Stock Exchange (NSE)

Stock market hits 2-year high, rises by ₦218 billion

Nigeria recorded its highest return in over two years on Monday, as the Nigerian Stock Exchange market capitalisation appreciated by ₦218bn in one session. At the close of trading on Monday, equities’ capitalisation rose to ₦11.943tn from ₦11.725tn recorded last Friday, while the NSE All-Share Index closed at 34,652.52 basis points from 34,020.37 basis points. […]

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The Nigerian Stock Exchange (NSE)

NSE’s ASI rises by 0.54 pct

The Nigerian stock market entered its 11th successive gain buoyed by strong 2.19 rebound by the industrial and the banking sector as the All Share Index rose by 0.54 per cent to close at 33,695.83 points. Investors positive sentiment attributed to Skye Bank’s announcement on Tuesday of a fresh recapitalisation programme, submission of 2016 earnings […]

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Nigeria Stock Exchange Market

Oando share price drops by 9.54%, NSE & Nasdaq unveil surveillance platform

The Nigerian Stock Exchange market capitalisation appreciated by ₦14bn at the close of trading on Monday to close at ₦11.477tn from ₦11.463tn recorded on Friday last week. A total of 322.814 million shares valued at ₦2.734bn were traded in 3,830 deals. The equities market advanced by 0.12 per cent to bring the year-to-date return to […]

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