Nigerian Stock Exchange’s market capitalisation appreciated by N69 billionn as 34 stock recorded gains at the close of trading on Wednesday. The market capitalisation rose to N9.182tn from N9.113tn, while the All-Share Index closed at 26,688.25 basis points from 26,486.02 basis points. A total of 131.741 million shares worth N1.247bn exchanged hands in 2,257 deals. […]
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The Nigerian securities and Exchange Commission (SEC) has prohibited Heritage Capital Markets Limited, a stockbroker and dealer on the Nigerian Stock Exchange (NSE), for alleged fraudulent sale of investor’s shares. In a circular, SEC stated that it suspended Heritage Capital Markets “in connection with unauthorised sale of shares belonging to an investor”, using the capital market […]
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Nigerian Stock Exchange (NSE) has expressed its readiness to provide a platform for artists and promoters in the Nigerian and African entertainment industry to raise long-term funds to boost the growth of the industry. Its Chief Executive Officer, Mr. Oscar Onyema, who spoke at a Music Week Africa event hosted by the Exchange in Lagos, […]
Read More MTN Group Limited’s plan to sell shares in its Nigerian unit on the Nigerian Stock Exchange next year is at risk following allegations by lawmakers that Africa’s biggest wireless carrier illegally moved almost $14bn out of the country, according to two people familiar with the matter. In the event of a lengthy legal process to […]
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No company across the Nation will be forced to include its shares on the floor of the Nigerian Stock Exchange, the Vice-President, Prof. Yemi Osinbajo, has said. Osinbajo ruled out any direct government intervention in forcing private companies to list their shares, noting that the decision to list by private companies would remain decisions of their Boards […]
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Nigerian Stock Exchange capitalisation fell by N180bn at the close of trading on the floor of the Exchange on Tuesday. The NSE capitalisation closed at N9.075tn from N9.255tn recorded on Monday, while the All-Share Index dropped to 26,364.27 basis points from 26,887.54 basis points. A total of 189.009 million shares worth N1.6bn were traded in […]
Read More Transactions resumed on the Nigerian Stock Exchange (NSE) on Monday still on a negative posture with the market indices sliding by 0.35 per cent due to poor liquidity. The News Agency of Nigeria reports that the market capitalisation downgraded by N33 billion to close at N9.255 trillion in contrast with N9.288 trillion achieved on Friday. […]
Read More The market capitalisation of the Nigerian Stock Exchange dropped by N61bn at the close of trading on Thursday, as 22 stocks depreciate. A total of 112.523 million shares worth N2.359bn were traded in 2,684 deals. The NSE market capitalisation slid to N9.289tn from N9.350tn, while the NSE All-Share Index closed at 27,044.36 basis points from […]
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Shareholders in the country’s equities market have asked the Federal Government to do everything within its reach to encourage telecommunications and power firms to list on the Nigerian Stock Exchange. They said citing the shallow nature of the Nigeria’s capital market, which is depicted by the poor capitalisation threshold. The shareholders warned that legislations and […]
Read More Activities on the Nigerian Stock Exchange (NSE) on Thursday, remained on a negative note due to unimpressive third quarter result declared by some companies. The News Agency of Nigeria reports that the market capitalisation slipped further by N59 billion or 0.61 per cent to close at N9.567 trillion against N9.626 trillion achieved on Wednesday. Also, […]
Read More In spite of the 0.31 per cent appreciation recorded by the Nigerian Stock Exchange (NSE) All-Share Index and market capitalisation at the close of last trading week of the third quarter of 2016, shareholders lost N432 billion during the period under review. The NSE All-Share Index and market capitalisation closed at 28,335.40 and N9.733 trillion […]
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Equity transactions on the Nigerian Stock Exchange (NSE) closed upbeat on Friday as some major capitalised stocks sustained price rally. The News Agency of Nigeria reports that market capitalisation appreciated by N30 billion or 0.31 per cent to close at N9.733 trillion against N9.703 trillion achieved on Thursday. Similarly, the All-Share Index recorded marginal gain, […]
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