The Chief Executive Officer of the Nigerian Stock Exchange (NSE), Oscar Onyema has called on African businesses to embrace higher governance standards to facilitate the inflow of funds needed to position the continent to leverage gains of the Fourth Industrial Revolution (4IR). Onyema made the call at the ongoing 2019 World Economic Forum in Davos […]
Read More
The bears had dominated the Nigeria’s equities market for much of Tuesday’s session, before investors’ late interest in Guaranty Trust Bank, GTBank Plc and Zenith Bank Plc kept the market largely afloat. Specifically, the benchmark index, NSE Index rose marginally, by 0.01 percent, to close at 30,736.88 points. Against that backdrop, the Month-to-Date loss moderated […]
Read More The stock market made an unexpected recovery last week as investors embarked on bargain hunting in stocks perceived to have attractive valuation. After falling 17.8 per cent last year the market had opened the New Year on bearish note due to weak demand for stocks ahead of the general elections. However, some discerning investors decided […]
Read More
The Nigerian Stock Exchange has lifted the suspension it placed on trading in the shares of C & I Leasing Plc. In a statement on Wednesday, the NSE said the suspension was lifted on Monday. The NSE, on December 13, 2018, placed a full suspension on the shares of C & I Leasing Plc to […]
Read More The equities market has recovered ₦235 billion in the past three days following gains recorded by bellwether stocks. The market, which dipped last week, had opened this week on a positive note since Monday, leading to a gain of ₦235 billion in market capitalisation from ₦11.124 trillion to ₦11.329 trillion in three days. Similarly, the […]
Read More The Nigerian Stock Exchange has revealed plans to reduce the compliance burden on listed firms. The Chief Executive Officer, NSE, Mr Oscar Onyema, while speaking at the 2018 Market Recap and Outlook for 2019 in Lagos on Monday, said listing activity remained relatively low in 2018, while equity turnover remained relatively stable, marginally declining by […]
Read More The stock market appreciated further yesterday on continued bargain hunting by investors. As a result the NSE All-Share Index 0.58 per cent to close higher at 30,137.53, while market capitalisation added ₦64.4 billion to end at ₦11.2 trillion. Buying interest in Zenith Bank Plc, Dangote Sugar Refinery Plc and Stanbic IBTC Holdings Plc propelled the […]
Read More The Nigerian Stock Exchange (NSE) opened trading for the week on Monday with the All-Share Index appreciating by 0.45 per cent in spite of technical obstructions. The Exchange said that it encountered a technical glitch which impacted trading activities for about four hours. Head of Share Services Division of NSE, Mr Bola Adeeko, said that […]
Read More
The persistent sell-offs in bellwether stocks pushed the nation’s equities market to 20 months low as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) fell below 30,000 mark to close at 29,830.70 last week. After losing 1.2 per cent the first week of 2019, the market declined further in the second week, going down by […]
Read More The equity market on Thursday recorded an uptick performance as the Nigerian Stock Exchange, NSE All Share Index, NSE-ASI gained 0.62 percent, notching its first gain since the beginning of the New year (2019) after six consecutive declines. This was majorly driven by gains in Banking and Industrial goods stocks. Market breadth closed positive, recording […]
Read More The VFD Thursday announced that it successfully raised ₦2.78 billion from rights issuance and private placements, higher than its original target of ₦2 billion. The company disclosed this in a statement Thursday. The VFD Group is a financial services focused proprietary investment company that creates value by working within Nigeria’s informal financial sector to create […]
Read More The volatility of the Nigerian Stock Exchange (NSE) remained unabated on Monday with crucial market indices decreasing further by 0.78 per cent. The Share Index shed 238.62 points or 0.78 per cent to close at 30,400.28 against 30,638.90 posted on Friday. In the same vein, the market capitalisation, which opened at ₦11.425 trillion lost ₦89 […]
Read More
