Gains recorded by Stanbic IBTC Holdings Plc, FBN Holdings Plc, Access Bank Plc, GTBank Plc and Beta Glass Plc helped to sustained the positive performance of the stock market yesterday. After declining the previous week due to profit taking, the market opened the week on positive note on Monday, rising by 0.35 per cent. The […]
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The Nigerian Stock Exchange has appointed Mr Olumide Bolumole as its divisional head of listing business and Mr Jude Chiemeka as the divisional head of trading business. The NSE said in a statement that Chiemeka was joining the management team with over 24 years’ experience in securities trading and asset management across markets in Africa. […]
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FEYISAYO POPOOLA examines the fines imposed on firms listed on the Nigerian Stock Exchange for late filing of financial statements last year as well as the delisting of firms The Nigerian Stock Exchange imposed a total of ₦429.5 million in fines on companies that failed to file their financial statements as and when due last […]
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The Nigerian Stock Exchange, NSE has called on shareholders to query directors of their companies whenever they discover any impropriety in their financial statements. The Chief Executive Officer, NSE , Mr. Oscar Onyema, assured shareholders that the Exchange will continue to protect their interest by ensuring that companies complied with the rules of the stock […]
Read More Ahead of the presidential election this month, analysts have predicted a continuous bearish trend in the equity market on the Nigerian Stock Exchange, NSE, this week as investors continue to take short term position on equities with good fundamentals. After two consecutive weeks of gains, investors began to book profits last week leading to the […]
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Nigeria’s franchisee for Domino’s Pizza, Cold Stone creamery and Pinkerry Gournmet Frozen Yoghurt, Eat’N’Go Limited, has been recognised by the London Stock Exchange Group, as one of the companies to inspire Africa in 2019, according to a statement. The firm’s listing was announced at the launch of the second edition of the Companies to Inspire […]
Read More The nation’s stock market opened the week on bearish note as investors locked in profits recorded in the past days. As a result, the Nigerian Stock Exchange (NSE) All-Share Index (ASI) fell by 0.26 per cent to close lower at 31,344.24, while market capitalisation shed ₦30.7 billion to close at ₦11.7 trillion. The market had […]
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The Nigerian Stock Exchange (NSE) has listed additional 745,234,886 ordinary shares of May & Baker Nigeria Plc issued by way of a Rights Issue. Specifically, the additional shares arose from company’s Rights Issue of 980,000,000 ordinary shares of 50 kobo each at ₦2.50 per share on the basis of one new ordinary shares for every […]
Read More The equities market extended its gains for the second consecutive week as investors continued their bargain hunting. Having appreciated by 3.9 per cent the previous week, the market recorded another appreciated last week with the Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose by 1.35 per cent to close at 31,426.63, while market capitalisation appreciated […]
Read More After recording a tumultuous year owing to various factors, particularly pre-election jitters in Nigeria and trade tension between US and China, the equities market is set to continue first quarter of 2019 in a similar vein, investment experts have said. Their prediction followed the huge loss of 5.58 percent in the first six trading days […]
Read More The Nigerian Stock Exchange (NSE) All-Share Index (ASI) nudged 0.46 per cent higher to close at 30,878.56 yesterday compared with a marginal rise the previous day as gains by banking stocks sustained the positive performance of the market. Similarly, market capitalisation inched up by₦52.8 billion to close at 11.51 trillion. The bulls were in total […]
Read More Lagos – January 21, 2019. The Nigerian Stock Exchange (“the Exchange” or “NSE”), a multi-asset exchange & index provider, and Afrinvest Securities Limited (“ASL”), a leading capital market research and securities execution platform, are pleased to announce the launch of two new factor indices: the NSE-Afrinvest Banking Value Index (NSE-Afr BVI) and NSE-Afrinvest High Dividend […]
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