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 […]
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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 […]
Read More The Nigerian Stock Exchange raked in N62.5bn from the fresh listing of five companies’ securities in the first quarter of this year. The securities include Greenwich Asset Management Limited’s memorandum listing by introduction of 14,485,500 units of the Greenwich Plus Money Market Fund at N100 each; Forte Oil Plc’s N9bn series 1:5 year 17.50 per […]
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Nigeria stock market is faced with struggling to rebound as efforts to lure back investors received a boost following the creation of a new foreign-exchange window by the Central Bank of Nigeria. The stock market, said to be one of best performing frontier markets globally until 2013, has been in the doldrums for the past two […]
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UAC of Nigeria (UACN) has opened application lists for supplementary capital raising for two of its subsidiaries-Livestock Feeds Plc and UACN Property Development Company (UPDC), as the conglomerate launched a major bid to recapitalise its businesses. Livestock Feeds is seeking to raise about N750 million new equity funds from existing shareholders. Livestock Feeds is offering […]
Read More Although the Nigerian Stock Exchange closed the week on a positive note, the market capitalisation of listed equities dropped by N82bn after falling for two straight days as investors increased profit-taking. It was a four-day trading week as the Federal Government declared Friday (today) and Monday, April 17 as a public holiday in commemoration of […]
Read More The Nigerian Stock Exchange (NSE) on Monday said Conoil and 10 other quoted companies have failed to file their 2016 audited results within the stipulated time. The exchange said in a statement in Lagos that the defaulting companies included Capital Hotel, Niger Insurance, A G Leventis, African Alliance Insurance and Austin Laz Company. Others are […]
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Securities and Exchange Commission (SEC) and Nigerian Stock Exchange (NSE) have retracted licences of 21 firms for various infractions, including inability to meet minimum capital requirement, fraud and inactivity. With the deregistration of the firms and revocation of their licences, the firms have been expelled from the market. Besides, all former top officials of the […]
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Dangote Flour Mills (DFM) Plc appeared to have fully left the sour taste of the previous years of consecutive losses as the flour-milling company posted a pre-tax profit of N11.82 billion in 2016, its first profit in five years. Key extracts of the audited report and accounts for the 15-month period ended December 31, 2016, […]
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Trading activities on the Lagos floor of the Nigerian Stock Exchange (NSE) maintained the positive trend as the All Share Index added 1.11 percent or 283.49 points to close at 25,755.18 points. The market capitalization also increased by 1.11 percent or N98.1 billion to close at N8.911 trillion, bringing the year to date losses lower […]
Read More Activities on the Nigerian Stock Exchange (NSE) closed upbeat for the first time in the second quarter after dropping for two-consecutive days. The market indices on Wednesday appreciated by 0.81 per cent. It was driven by price growth posted by Mobil Oil following NIPCO complete acquisition. The All-Share Index closed higher at 25,471.69 points from […]
Read More The Nigerian Stock Exchange has listed the first series of the Federal Government of Nigeria savings bond maturing March 2019. The savings bond, the first of its kind in Nigeria, was opened to investing public by way of offer for subscription over a five-day offer period starting from March 13, 2017 to March 17, 2017, […]
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