Tag: Nigerian Stock Exchange

Investors’ wealth depreciate by N105b in three trading days
Business Business News Fidelity Bank Nigerian Stock Exchange NSE

Investors’ wealth depreciate by N105b in three trading days

NSE Following persistent sell pressure on the Nigerian Stock Exchange (NSE), equity transactions continued on a downward note yesterday, as investors wealth depreciated by N105 billion in three trading days. Specifically, the market capitalisation of listed equity dropped by N105 billion or 0.9 per cent to N11.837 trillion from N11.942 […]

NSE indices extend losses by N94 billion
Business Business News Dangote Cement Nigerian Breweries Nigerian Stock Exchange Unilever Nigeria

NSE indices extend losses by N94 billion

Head of Information and Security, Nigeria Stock Exchange (NSE), Favour Femi-Oyewole(left); Head, Shared Services Division, NSE, Bola Adeeko; President, Nigerian Gas Association (NGA), Engr. Dada Thomas; NGA’s First Vice President, Audrey Joe-Ezigbo and NGA’s Secretary General, Mina Abiodun during the sounding of the closing gong at NSE, Lagos, ahead of […]

‘The power of Nigeria resides in its diversity that must be harnessed’
EKO Hospital Interview Nigerian Stock Exchange Olorogun Sonny Kuku Saturday Magazine UNILAG

‘The power of Nigeria resides in its diversity that must be harnessed’

Kuku With his ever presence in the social circle, especially during the yearly Ojude Oba Festival where he leads the popular Kuku Family, coupled with his voluntary works, one might be tempted to think that Olorogun Sonny Kuku is no longer active as a medical practitioner. However, a recent visit […]

Massive sell-off hits nation’s bourse, investors lose N423b in one day
ASHON National News Nigeria Nigerian Stock Exchange NSE-ASI

Massive sell-off hits nation’s bourse, investors lose N423b in one day

Nigerian Stock Exchange Following massive sell pressure on the equity market yesterday, the local bourse recorded its biggest loss in eight months, as investors lose whooping N423 billion in one day. Analysts and operators linked the huge losses incurred by investors to the heightened political risk as the 2019 general […]

Profit-taking drags stock market All-share index down 1.5%
Business Capital Market Nigerian Stock Exchange NSE Sterling Bank

Profit-taking drags stock market All-share index down 1.5%

Brokers on the floor of Nigerian Stock Exchange in Lagos. Bearish sentiments resurfaced on the trading floor of the Nigerian Stock Exchange (NSE) yesterday, following profit-taking by investors, resulting to a significant drop in the All-share index by 1.5 per cent. Yesterday, the All Share Index (ASI) shed 519.31 absolute […]

Stock index rises 0.3% amid renewed bargain hunting
AIICO Insurance Business Business News Nigerian Stock Exchange

Stock index rises 0.3% amid renewed bargain hunting

Nigerian Stock Exchange Following renewed bargain hunting embarked upon by stock market investors, transactions on the equity sector of the Nigerian Stock Exchange (NSE), closed upbeat yesterday, as the All-share index rose marginally by 0.3 per cent.       Specifically, at the close of transactions yesterday, the All Share […]

MTN’s $236 million offering in Ghana falls short of target
Business Communications Ghana Malam Garba Kurfi Moses Igbrude MTN Nigerian Stock Exchange NSE SEC Securities and Exchange Commission

MTN’s $236 million offering in Ghana falls short of target

MTN Group’s unit in Ghana raised 1.1 billion cedis ($236 million), selling about a third of the shares made available in an initial public offering, according to a document seen by Bloomberg MTN, Africa’s biggest mobile-phone company by subscribers, sold 1.5 billion securities of the initial agreed 4.6 billion shares […]

Equity market depreciates 0.77% on banks’ stocks slump
Business Capital Market CBN Central Bank of Nigeria Dangote Forte Oil Guaranty Trust Bank Lafarge Africa Nigerian Stock Exchange NSE Stanbic IBTC Holdings

Equity market depreciates 0.77% on banks’ stocks slump

Nigerian Stock Exchange Central Bank of Nigeria (CBN) huge fines on four deposit money banks over alleged illegal fund repatriation on behalf of MTN Nigeria weighed heavily on the local bourse yesterday, causing the All-share index to slide by 0.77 per cent. The Nigerian Stock Exchange-All Share Index (NSE-ASI) decreased […]

Bears emerge as index drops by 0.3% amid investors’ apathy
Business Business News Flourmill Nigeria Nigerian Stock Exchange NSE Universal Insurance

Bears emerge as index drops by 0.3% amid investors’ apathy

Nigerian Stock Exchange The volatile pattern of the market, occasioned by the ongoing anxiety in Nigeria’s political environment has continued to drive cautious trading by investors on the Nigerian Stock Exchange (NSE), as the All-share index depreciates by 0.3% yesterday. Last week Thursday, the NSE’s All-share index had opened on […]

Amid bearish results, hope rises for stock market with demutualisation
Features Focus Nigerian Stock Exchange NSE SEC Securities and Exchange Commission

Amid bearish results, hope rises for stock market with demutualisation

Nigerian Stock Exchange The loss of N2.49 trillion in seven months by investors in the nation’s bourse is the unsavoury news coming out of the Nigerian Stock Exchange (NSE). The loss, amounting to 15.64 per cent between January and July, has been attributed to political uncertainty in the country by […]

Why multinationals, IOCs defy listing on NSE 
Austine Avuru Business Business News MTN Nigerian Stock Exchange

Why multinationals, IOCs defy listing on NSE 

Efforts by the Nigerian Stock Exchange (NSE), to woo multinational companies in the telecoms, and oil and gas sectors to list on the nation’s bourse may continue to ‘hit a brick wall’, unless government withdrew completely from private business. More so, regulators must interface with government to create appropriate regulation, […]

MRA inducts NSE into hall of shame for alleged breach of FOI Act
Business Business News FOI Act Media Rights Agenda MRA Nigerian Stock Exchange NSE

MRA inducts NSE into hall of shame for alleged breach of FOI Act

Chief Executive Officer (CEO) of the Nigerian Stock Exchange (NSE), Mr. Oscar Onyema Officials of the Media Rights Agenda (MRA) have accused the Nigerian Stock Exchange (NSE) of impeding the implementation of the Freedom of Information (FOI) Act by denying Nigerians necessary information on the institution. The civil rights group, […]

NSE’s ‘bell ringing’ elicits reactions, as stakeholders differ on market’s impact
Boniface Okezie Business Business News Chinenyem Anyanwu Nigerian Stock Exchange

NSE’s ‘bell ringing’ elicits reactions, as stakeholders differ on market’s impact

Nigerian Stock Exchange With the myriads of problems facing the nation’s stock market, stakeholders have expressed divergent views on the relevance of the routine ‘Bell Ringing’ exercise at the Nigerian Stock Exchange (NSE) and the impact on the market. While some stakeholders believe that the ceremony has increased stock market […]

Exchange commends Africa Prudential’s initiative at bourse
Business Business News Nigerian Stock Exchange Oscar Onyema Tunji Kazeem

Exchange commends Africa Prudential’s initiative at bourse

Chief Executive Officer (CEO) of the Nigerian Stock Exchange (NSE), Mr. Oscar Onyema Africa Prudential Plc has been commended by the Nigerian Stock Exchange (NSE) for championing laudable initiatives, which have contributed significantly in the development of the Nigerian capital market. The Chief Executive Officer of the Exchange, Oscar Onyema, […]

Political turbulence triggers more equity slump
Business Capital Market Dangote Group David Adonri FBN Holdings Mobil Nigerian Stock Exchange

Political turbulence triggers more equity slump

Investors lose 2.2 per cent in one day Turbulence in the political arena has sparked massive dumping and induced sell pressure on the equity sector of the Nigerian Stock Exchange as stock market investors lost N257 billion or 2.2 per cent at the close of transactions on Friday. Analysts perceive […]

Political uncertainties depress stock market indices further by N54b
Business Business News Nigerian Stock Exchange

Political uncertainties depress stock market indices further by N54b

Brokers on the floor of Nigerian Stock Exchange in Lagos. Political uncertainties has continued to spark volatility and induce sell pressure on the equity sector of the Nigerian Stock Exchange (NSE), as virtually all the major blue chip stocks depreciated in price, causing market capitailisation to dip further by N54billion.  […]

Capital appreciation pushes NSE’s indices further by N26b
Business Capital Market Nigerian Stock Exchange

Capital appreciation pushes NSE’s indices further by N26b

Nigeria Stock Exchange, Lagos Investors’ appetite for increased capital appreciation on dividend stocks, yesterday buoyed transactions on the equity sector of the Nigerian stock Exchange, as market capitalisation appreciated further by N26 billion. Specifically, at the close of transactions yesterday, the All-Share Index (ASI) gained 71.73 absolute points, representing a […]

Business Business News Nigerian Stock Exchange NSE

Improved corporate result lifts NSE indices by N112b

Improved corporate performance yesterday lifted transactions on the equity sector of the Nigerian Stock Exchange (NSE), as most blue chip stocks, especially, Mutual Benefit Assurance, and Seplat appreciated in price, causing market capitalisation to rise by N112billion. The sustained bargain activities, following investors’ favourable response to companies’ positive half year […]