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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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 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 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 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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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. […]
Read More 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 […]
Read More 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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The Nigerian Stock Exchange (NSE) has approved Unilever Nigeria PLC’s plan to raise ₦58.9 billion in new supplementary equity issue. This will pave way for the fast-moving consumer goods company to round off the pre-offer process and open subscription to the new offer. According to the document obtained at the weekend by correspondent, Unilever Nigeria […]
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Market indicators of the Nigerian Stock Exchange (NSE) on Thursday recorded the first growth for the month, reversing the three-day bearish trend. The indices appreciated by 0.16 per cent just as the volume of shares traded decreased by 45.88 per cent. The All-Share Index appreciated marginally by 52.46 points or 0.16 per cent to close […]
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The Central Bank of Nigeria (CBN), in continuation of its drive to ensure liquidity and stability in the foreign exchange (forex) market, has injected another $195 million into various segments of the inter-bank forex market. A breakdown of the figures by the CBN yesterday, Monday, shows that $100 million was offered to authorized dealers in […]
Read More The total bond activities for the Federal Government and corporate entities for the month of June this year closed at ₦193.399m, the Nigerian Stock Exchange said in its monthly report released on Friday. The report showed that on the Federal Government’s side, the total bonds traded amounted to ₦24.648m, while the corporate bonds/debenture for the […]
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