The Nigerian Stock Exchange have approved the listing of the Exchange as a public company under the demutualisation programme. This decision was reached at the Extra-Ordinary General Meeting of its members which held on Thursday at the NSE in Lagos. The members also approved the appointment of South African bank, FirstRand, and local investment firm, […]
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As part of the Federal Government’s efforts to mobilise funds locally to fund its budget deficit, the Nigerian Stock Exchange (NSE) yesterday approved the listing of N2.067 billion Federal Government of Nigeria (FGN) Savings Bond on its Lagos floor. Chief Executive Officer of the NSE, Oscar Onyema, who approved the listing when a team from […]
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United Bank for Africa (UBA) Plc, the pan-African financial services group, operating in 19 African countries, has released its audited 2016 full year results, showing significant growth in gross earnings and profits, an attestation to its resilience, enhanced productivity and geographic diversification, evident in the impressive contribution from its African subsidiaries. The Group recorded an […]
Read More The removal of 15 erstwhile quoted companies from the official register has had a negative impact on the Nigerian Stock Exchange, Punchng’s STANLEY OPARA writes The delisting of 15 companies from the Nigerian Stock Exchange in 2016 took away N24,075,418,729.61 capital from the market, findings by our correspondent have shown. The 15 firms left the […]
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Activities at the Nigerian Stock Exchange closed on a positive note on Tuesday as 17 stocks gained, boosting the NSE All-Share Index by 2.23 per cent. A total of 128.160 million shares worth N1.472bn were traded in 2,978 deals. The NSE market capitalisation rose to N8.696tn from N8.507tn, while the ASI closed at 25,129.27 basis […]
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Heavy transactions in the shares of some banks and insurance companies, last week, lifted the volume of shares traded, as a turnover of 765.656 million shares worth N9.717 billion was recorded in 12,468 deals by investors on the floor of the Exchange, higher than a total of 1.073 billion shares units worth N8.608 billion that […]
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The Minister of Communications, Adebayo Shittu, has urged MTN Nigeria to list its shares on the Nigerian Stock Exchange, describing it as important for the company. MTN, which is Africa’s biggest mobile phone operator, had said it aimed to list its Nigerian unit on the local bourse but has given no date. “I want to […]
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The Nigerian Stock Exchange (NSE) has issued a circular to stockbrokers warning them against a breach of the extant capital market rules which prohibit brokers from providing any guarantee on quoted shares, or other securities. The circular, obtained by The Nation at the weekend, came on the heels of a guaranteed investment scheme that involved […]
Read More The Nigerian Stock Exchange (NSE) will this year launch its guidelines on sustainability disclosures as part of efforts to ensure that quoted companies contribute to improving and sustaining standards of living by doing their businesses in a way that preserves the environment. Chief executive officer, Nigerian Stock Exchange (NSE) Mr. Oscar Onyema, said the Exchange […]
Read More The Nigerian stock market (equities category) has sustained its losing streak for three straight days, posting a N15 billion drop in the Nigerian Stock Exchange market capitalisation. A total of 196.469 million shares valued at N2.611bn were traded in 3,317 deals. The NSE market capitalisation, at the close of trading on Thursday, dropped to N9.015tn […]
Read More The Nigerian Stock Exchanges has expressed optimism that the country’s economy will recover from its current recession this year with a modest Gross Domestic Product growth forecast of 0.6 per cent. The recovery, according to the bourse, will be driven by the vigour of fiscal policy implementation, with a keen focus on articulation of desired […]
Read More The Nigerian equity market ended the year on Friday on a positive note, with indices appreciating by a growth of 0.34 per cent. The News Agency of Nigeria reports that market capitalisation for the third consecutive day maintained an upward trend, growing by N31 billion or 0.34 per cent to close at N9.246 trillion against […]
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