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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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 […]
Read More 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 […]
Read More Transactions on the Nigerian Stock Exchange (NSE) on Thursday ended in the negative zone, reversing the three consecutive days gain streaks recorded by the major performance indices. The development saw the market indicators posting marginal loss, dropping by 0.06 per cent due to price loses achieved by some highly capitalised stocks. Consequently, the All-Share Index […]
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Transactions at the Nigerian Stock Exchange yesterday showed that investors interest in Access Bank Plc and United Bank for Africa Plc shares raised the All-Share Index of the Exchange by 48.23 points to 27,437.25 from the 27,389.02 of the previous day. Consequently, Access Bank emerged the top traded stock by volume with 65.98million shares worth […]
Read More The market indices of the Nigerian Stock Exchange (NSE) on Monday recorded marginal growth, appreciating by 0.26 per cent due to marginal gains posted by some blue chips. The News Agency of Nigeria reports that the market capitalisation grew by N23 billion or 0.26 per cent to close at N9.381 trillion against N9.358 trillion achieved on […]
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Investors at the Nigerian Stock Exchange (NSE) on Friday crossed 190.68 million shares valued at N1.33 billion in 2,978 deals. This development was in contrast to a turnover of 243.61 million shares worth N2.56 billion traded in 3,647 deals on Thursday. An analysis of the activities revealed that Diamond Bank emerged the most-traded in volume […]
Read More The market capitalisation of the Nigerian equities market on Thursday shed N49 billion, in spite of the 25k interim dividend announced by Zenith Bank for the half-year ended June 30. The News Agency of Nigeria reports that the market capitalisation lost N49 billion or 0.51 per cent, to close at N9.369 trillion, as against the […]
Read More The NSE market capitalisation advanced by N52bn at the close of trading on the Exchange’s floor on Wednesday after recording losses of various degree on 21 stocks. The market capitalisation appreciated to N9.418tn from N9.366tn recorded on Tuesday; the NSE All-Share Index also rose to 27,421.83 basis points from 27,272.14 basis points. A total of […]
Read More Authorities at the Nigerian Stock Exchange (NSE) have placed 62 companies under caveat with various tags, drawing investors’ attention to underlying inadequacies in their operations. In a report by NSE showing the list of companies marked out for corporate governance issues indicated that the 62 firms have subsisting deficiencies, representing about 35 per cent of the […]
Read More The Nigerian equity market on Friday ended on a negative note with the market capitalisation dropping by N112 billion due to huge losses by some highly-capitalised stocks. The market capitalisation which opened at N9.531 trillion shed N112 billion or 1.17 per cent, to close at N9.419 trillion. Also, the All-Share Index dipped 325.48 points or […]
Read More Nigerian equity market for the fifth consecutive day extended down trend with the market capitalisation losing N116 billion due to price loses posted by major blue chips. The market capitalisation on Friday shed N116 billion or 1.21 per cent to close at N9.499 trillion against N9.615 trillion recorded on Thursday. In the same vein, the […]
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