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 […]
Read More NIGERIAN capital market has lost over N5.97tn from July 2014 to date, the Chief Executive Officer, Nigerian Stock Exchange, Mr. Oscar Onyema, has said. He also said 2016 would be a challenging year for the capital market and the Nigerian economy at large. Onyema disclosed this at the NSE 2015 Market Recap and Outlook for […]
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EQUITY investors in the country’s capital market in the first seven trading days of the year lost N804tn of their investment worth. Market capitalisation after the trading on the floor of the Exchange on Tuesday closed at N8.95tn while on the first day of trading in 2016 (January 4), market capitalisation was pegged at N9.75tn. […]
Read More Activities on the Nigerian Stock Exchange (NSE) ended the year 2015 on a negative trend as equity prices dropped by N1.627 trillion. The loss recorded in market capitalization at the end of year 2015 is lower when compared to N1.48 trillion of 2014 but in percentage terms the market lost 14.17 per cent in 2015 […]
Read More Market capitalisation at the Nigerian Stock Exchange appreciated by N66bn to close at N9.255tn from N9.189tn after the close of trading on Tuesday. A total of 20 stocks emerged gainers while 16 depreciated in value. A total of 397.257 shares worth N2.644bn exchanged hands in 2,683 deals. The NSE All Share Index closed at 26,918.22 […]
Read More The Nigerian Stock Exchange (NSE) has directed all stockbroking firms to perfect their status by January 30, next year to align the firms’ capital and capacity with their roles in the stock market. In a circular to all its dealing members at the weekend, the Exchange directed the firms that seek to reclassify their registered […]
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The Securities and Exchange Commission (SEC) says it has revoked the operational licences of 84 Capital Market Operators (CMOs). This is contained in a statement issued by the commission on Saturday in Lagos. It said that the CMOs’ accounts had remained inactive in spite of the commission’s earlier notice to them to rectify their accounts. […]
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The Nigerian stock market yesterday experienced a break-even rally led by the Forte Oil Plc as the petroleum company announced that it had been awarded contract to lift crude oil by the Federal Government of Nigeria. Forte Oil’s share price rose by N12.10 to close at N254.10, representing an increase of 5.0 per cent. In […]
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