Equities

Securities and Exchange Commission (SEC)

SEC moves to ease process of issuing new shares

In a bid to eliminate some bottlenecks in the nation’s capital market, the Securities and Exchange Commission, SEC, has commenced moves to ensure that the process of issuing new shares is completed within three to four weeks and at less cost to the issuers. The Director General of SEC, Mr. Mounir Gwarzo, revealed this to […]

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Nigeria Stock Exchange Market

NSE closes trading with marginal increase of 0.04%

Market indicators of the Nigerian Stock Exchange (NSE) closed trading on Friday with a marginal growth of 0.04 per cent, following end of week activities. The News Agency of Nigeria (NAN) reports that the market capitalisation which opened at ₦9.714 trillion increased by ₦4 billion or 0.04 per cent to close at ₦9.718 trillion. Also, […]

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Sterling Bank

Sterling Bank lists N8 billion bond on NSE

Sterling Investment Management SPV Plc, a special purpose vehicle floated by Sterling Bank Plc, at the weekend listed its ₦8 billion bond on the Nigerian Stock Exchange (NSE). A total of 7.965 million units were listed at par value of N100 at the weekend. Sterling Investment Management SPV’s ₦7.965 billion bond is a seven-year 16.50 […]

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Nigeria Stock Exchange Market

Appreciable growths of 7.46 per cent hits capital market

The Nigeria Stock Exchange (NSE) recorded appreciable growth last week with the market indices rising by 7.46 per cent. The volume and value of shares traded also rose by 183.48 per cent and 175.29 per cent, respectively. Specifically, the All-Share Index appreciated by 1,956.83 points or 7.46 per cent to close at 28,192.46 against 26,235.63 […]

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Debt Management Office, DMO

FGNSB is introduced to empower Nigerians – DMO

Director General of Debt Management Office (DMO), Dr. Abraham Nwankwo, has said the administration of President Muhammadu Buhari is set to empower every Nigerian economically with the newly introduced Federal Government of Nigeria Savings Bond (FGNSB). He made the disclosure in an interview with journalists shortly after a grassroots sensitisation workshop on the FGNSB held […]

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London Stock Exchange

London Stock Exchange lists Obijackson Group among ‘Companies to Inspire Africa’ Report

The London Stock Exchange Group has unveiled the inaugural edition of its ‘Companies to Inspire Africa’ report and listed three companies from the Obijackson Group – Nestoil, Energy Works Technology (EWT) and B&Q Dredging in the report. Nestoil Limited a Nigerian indigenous leader in Oil and Gas Pipeline Construction, EWT, is a foremost ISO 9001: […]

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CBN boosts forex supply with $389.66 million

The Central Bank of Nigeria (CBN) yesterday injected a total sum of $388.66 million to the retail segment of the interbank window of the foreign exchange market. Yesterday’s injection was to meet the bids submitted by dealers since Tuesday, May 2, 2017. Confirming the numbers, the Acting Director, Corporate Communications Department at the CBN, Isaac […]

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CBN hq

FX stability thrills Buhari, says CBN

Governor, Central Bank of Nigeria, Mr. Godwin Emefiele, on Thursday said President Muhammadu Buhari was thrilled at the current stability being witnessed in the foreign exchange market. Emefiele told State House correspondents that Buhari was delighted to learn about the stability when he (the CBN governor) briefed the President on the activities of the apex […]

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Emefiele brief Buhari on FX instability relating to Naira crisis

Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele on Thursday briefed President Muhammadu Buhari over the instability in the country’s foreign exchange market which has continued to impact negatively the value of Naira. Emerging from the presidential wing of the Villa after a closed door meeting, Emefiele told State House correspondents that he […]

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Nigeria Stock Exchange Market

NSE nets N62.5 billion in three months after listing 5 companies

The Nigerian Stock Exchange raked in N62.5bn from the fresh listing of five companies’ securities in the first quarter of this year. The securities include Greenwich Asset Management Limited’s memorandum listing by introduction of 14,485,500 units of the Greenwich Plus Money Market Fund at N100 each; Forte Oil Plc’s N9bn series 1:5 year 17.50 per […]

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Stock market faces struggle for recovery amid N3.4tn loss

Nigeria stock market is faced with struggling to rebound as efforts to lure back investors received a boost following the creation of a new foreign-exchange window by the Central Bank of Nigeria. The stock market, said to be one of best performing frontier markets globally until 2013, has been in the doldrums for the past two […]

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BDC says new FX window will restore investors’ confidence in economy

Alhaji Aminu Gwadabe, President, Association of Bureau De Change Operators of Nigeria (ABCON), has said that the new foreign exchange window for investors and exporters would restore investors’ confidence in the market. Gwadabe told newsmen in an interview on Wednesday in Lagos that the effective utilisation of the window would make the Naira stronger and […]

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