Equities

The Nigerian Stock Exchange (NSE)

MTN to get listed on NSE risks indefinite delay

MTN Group Limited’s plan to sell shares in its Nigerian unit on the Nigerian Stock Exchange next year is at risk following allegations by lawmakers that Africa’s biggest wireless carrier illegally moved almost $14bn out of the country, according to two people familiar with the matter. In the event of a lengthy legal process to […]

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Markets Right Now: Safe haven investments rise as Trump wins

The latest on developments in financial markets (All times local): 9:35 a.m. As stock markets around the world take a tumble following the election of Donald Trump as president of the United States, investments traditionally viewed as safe havens are getting a lift. Gold is up 1.8 percent at $1,297 an ounce, while the Swiss […]

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Nigeria Stock Exchange Market

Equity market drops by 0.35%

Transactions resumed on the Nigerian Stock Exchange (NSE) on Monday still on a negative posture with the market indices sliding by 0.35 per cent due to poor liquidity. The News Agency of Nigeria reports that the market capitalisation downgraded by N33 billion to close at N9.255 trillion in contrast with N9.288 trillion achieved on Friday. […]

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The Nigerian Stock Exchange (NSE)

NSE capitalisation drop by N61bn, as 22 stocks depreciate

The market capitalisation of the Nigerian Stock Exchange dropped by N61bn at the close of trading on Thursday, as 22 stocks depreciate. A total of 112.523 million shares worth N2.359bn were traded in 2,684 deals. The NSE market capitalisation slid to N9.289tn from N9.350tn, while the NSE All-Share Index closed at 27,044.36 basis points from […]

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‘Re-introduce margin loans to capital market’

A financial expert, Alhaji Rasheed Yussuf, on Wednesday advised the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) to re-introduce margin loans in the capital market. Yussuf, a former President, Association of Stock-broking Houses of Nigeria (ASHON), gave the advice in an interview with the News Agency of Nigeria in Lagos. […]

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Nigeria Stock Exchange Market

Capitalisation closes down by N59bn

Activities on the Nigerian Stock Exchange (NSE) on Thursday, remained on a negative note due to unimpressive third quarter result declared by some companies. The News Agency of Nigeria reports that the market capitalisation slipped further by N59 billion or 0.61 per cent to close at N9.567 trillion against N9.626 trillion achieved on Wednesday. Also, […]

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Analysts foresee stable financial markets this week

Analysts in the country’s capital market foresee a stable equities and fixed income markets this week given last week’s market activities. The Nigerian Stock Exchange All-Share Index would have closed lower last week but for the surge in Nigerian Breweries Plc’s stocks late in Friday’s session. Analysts at Vetiva Capital Management Limited said, “We believe […]

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Stock Market ends Q3 with N432bn loss

In spite of the 0.31 per cent appreciation recorded by the Nigerian Stock Exchange (NSE) All-Share Index and market capitalisation at the close of last trading week of the third quarter of 2016, shareholders lost N432 billion during the period under review. The NSE All-Share Index and market capitalisation closed at 28,335.40 and N9.733 trillion […]

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NSE tradings sustain upward trend

Equity transactions on the Nigerian Stock Exchange (NSE) closed upbeat on Friday as some major capitalised stocks sustained price rally. The News Agency of Nigeria reports that market capitalisation appreciated by N30 billion or 0.31 per cent to close at N9.733 trillion against N9.703 trillion achieved on Thursday. Similarly, the All-Share Index recorded marginal gain, […]

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SEC clears NAHCO over corporate governance allegation

Nigeria’s securities market apex regulator, the Securities and Exchange Commission has cleared Nigerian Aviation Handling Company (NAHCO), its board and management of culpability with respect to corporate governance and capital market activities. The SEC clearance followed the petition to President Muhammadu Buhari amongst other allegations , that NAHCO violated the corporate governance code and was […]

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Market capitalisation drops by N28bn

Equity transactions on the Nigerian Stock Exchange (NSE) resumed for the week on Monday on a bearish trend as the market capitalisation depreciated by N28 billion or 0.30 per cent. The drop is as a result of price loss recorded by some major stocks. Market capitalisation closed lower at N9.399 trillion from the N9.427 trillion […]

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NSE: Investors dump banks’ shares on CBN’s suspension

Activities at the Nigerian Stock Exchange (NSE), on Wednesday witnessed massive investors’ dumping of banks shares, following the Central Bank of Nigeria suspension of nine lenders from foreign exchange transactions for failing to remit $2. 125billionNNPC’s funds into the Treasury Single Account (TSA) of the federal government. The CBN had on Tuesday suspended FCMB, First […]

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