Investors in the Nigerian stock market recorded ₦798bn appreciation on their holdings between Friday May 26 and June 2, the last day of trading last week. The stock exchange’s market capitalisation rose to ₦10.845tn from ₦10.047tn in one week. The All-Share Index, thus, closed at 31,371.63 basis points from 29,064.52 basis points. Last week was […]
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The Nigerian Stock Exchange (NSE) on Thursday, June 1, 2017, organised a media launch for X-Academy, a knowledge-platform designed to provide education services to individuals for better understanding of various aspects of the capital markets. Speaking at the media launch, Mr. Oscar N. Onyema, OON, Chief Executive Officer, said “X-Academy would help in strengthening financial […]
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portland Paints and Products Nigeria Plc, a subsidiary of UAC of Nigeria Plc, says its current move to restructure its operations will drive further growth and enable it to deliver better value to all stakeholders. The Chairman, Portland Paints, Mr. Larry Ettah, in his address at the company’s Annual General Meeting held in Lagos on […]
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The Chief Executive Officer, Mouka Nigeria Limited, Mr. Ray Murphy, says the London Stock Exchange Group’s ‘Companies to Inspire Africa’ report is meant to increase awareness of investment opportunities in Nigeria and Africa in general. He said the initiative could also enhance capital inflows into the continent. “It (London Stock Exchange Group’ Company to Inspire […]
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Nigerian capital market has recorded abysmal performance in the last two years of President Muhammadu Buhari’s administration as investors in the nation’s stock market lost ₦1.93 trillion worth of their investments in companies quoted on the Nigerian Stock Exchange, NSE. Specifically, data from the NSE showed that the stock market capitalisation, which represents total value […]
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Nigeria plans to launch its delayed “green” bond – the first for an emerging market country – within a few weeks, the country’s former environment minister said. Amina Mohammed, now deputy secretary-general of the United Nations, told the Thomson Reuters Foundation proceeds from the sovereign bond – which is expected to raise about 20 billion […]
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Former Finance Minister, Mrs Ngozi Okonjo-Iweala, has said growth and development would not be achieved when a country has distortions in its foreign exchange rates. Speaking at the launch of ‘Beating the Odds: Jumpstarting Developing Countries’, a book written by Justin Yifu Lin and Celestin Monga in Ahmedabad, India, Okonjo-Iweala said there was no one […]
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The Central Bank of Nigeria (CBN) yesterday kept its Monetary Policy Rate (MPR), its base interest rate, at 14 per cent. CBN Governor Godwin Emiefele, who spoke to reporters after the Monetary Policy Committee (MPC) meeting in Abuja, said the recession corridor would come to an end by the third quarter because of the positive […]
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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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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 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 […]
Read More 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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