Amidst positive forecast made by capital market analysts for 2018, trading on the floor of the Nigerian Stock Exchange, NSE, on Wednesday went southward as the All Share Index (ASI) fell by 0.20 per cent. The broad index shed 77.51 points to close at 38,187.28 points from 38,264.79 points while equity capitalization shed ₦28 billion […]
Read More Nigerian equities reopened yesterday with a tinge of bearishness as profit-taking transactions on many large-cap stocks dragged the overall market position to a net loss of ₦225 billion. The two main value-based indices at the Nigerian Stock Exchange (NSE) closed on the negative, underlining that the decline was due to price depreciation. The All Share […]
Read More The Nigerian equities continued on the downtrend yesterday as investors sought to rebalance their portfolios ahead of the expected Santa Claus rally and fourth quarter corporate earnings. Benchmark indices at the Nigerian Stock Exchange (NSE) indicated average decline of 0.46 per cent, equivalent to net capital loss of ₦62 billion. The average year-to-date return dropped […]
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The Debt Management Office (DMO) has announced that it would commence sensitization prospective investors in the Bond through a Roadshow in Abuja and Lagos on December 14 and 15, 2017 ahead of the issuance of its debut Sovereign Green bond. The Green Bond comes following Nigeria’s endorsement of the Paris Agreement on Climate Change on […]
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Investors struck two cross deals for the transfer of about 94.7 million shares of Dangote Cement valued at ₦23.12 billion yesterday, in another transactions that highlighted the widening ownership structure of Africa’s largest cement producer. The transactions yesterday represented 0.56 per cent of the total issued outstanding shares of 17.04 billion ordinary shares of 50 […]
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The Nigerian equities market opened the week on a bearish note as United Bank of Africa Plc, Learn Africa Plc and C & I Leasing Plc emerged as the top three losers. The NSE market capitalisation dropped to ₦13.552tn on Monday from ₦13.672tn recorded on Friday as 350.595 million shares worth ₦4.915bn exchanged hands in […]
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The Central Bank of Nigeria (CBN) yesterday injected $210 million into the foreign exchange market to sustain its liquidity. CBN Acting Director, Corporate Communications Department, Isaac Okorafor said $100 million was offered to the wholesale segment, while the Small and Medium Enterprises (SMEs) segment got $55 million. The invisibles segment comprising of tuition fees, medical […]
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The Board of Directors of the African Development Bank (AfDB) has approved a $15 million equity participation in Africa Capital Works Fund. The investment will finance Sub Saharan Africa’s mid-market companies in strategically selected sectors that offer the potential to be transformed into local and regional industry champions, over a longer than usual ownership period. […]
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The Central Bank of Nigeria on Friday injected $287.89m into the currency market to meet requests in four industries for dollars, extending efforts to boost liquidity and alleviate shortages. The four industries targeted were agriculture, airlines, petroleum and raw materials, the CBN said in a statement. The central bank said it would continue to intervene […]
Read More Out of the five major indices of the Nigerian Stock Exchange, the banking index led losses at the close of trading on Thursday, as Zenith Bank Plc and United Bank Plc shares declined respectively by 1.9 per cent and one per cent. Overall, the banking index shed 0.3 per cent followed by the industrial goods […]
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The Central Bank of Nigeria, CBN, has indicated that the performance of the Investor and Exporter (I&E) foreign exchange window has exceeded the expectations it had when the window was introduced in April, 2017. Deputy Governor, CBN, Dr. Joseph Nnanna, disclosed this on the side-lines of the 2017 Chartered Institute of Bankers of Nigeria (CIBN) […]
Read More Activities on the Nigerian Stock Exchange (NSE) on Wednesday sustained positive growth with the All-Share Index improved further by 0.25 per cent. The index rose by 91.23 points or 0.25 per cent to close at 36,622.85 compared with 36,531.62 achieved on Tuesday. In the same vein, the market capitalisation which opened at ₦12.574 trillion inched […]
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