Business Capital Market

CSCS achieves 98.4 percent dematerialization success rate

Ihesiulo Grace 21 July 2016 0

  The Central Securities Clearing System (CSCS) Plc has disclosed that 98.4 percent of shares quoted on the Nigerian Stock Exchange are now available in an electronic format in CSCS depository, leaving only 1.6 percent of share certificates still in physical certificate form. This

Business Capital Market

Access Bank seeks NSE approval to extend submission of Half Year results

Ihesiulo Grace 19 July 2016 0

  Access Bank Plc has sought the permission of the Nigerian Stock Exchange (NSE) to submit its half year audited financial statements not later than August 31, 2016. The Bank noted in a regulatory filing with the NSE that its Board of Directors will be meeting on July 28, 2016 to approve the Bank’s Half […]

Business Capital Market

Skye bank management allays fears on capital problems

Ihesiulo Grace 12 July 2016 0

  Mr. M.K. Ahmad, a former Director General of the National Pension Commission, and the new chairman of Skye Bank Plc has further re-assured the bank’s customers and investors that the bank was not distressed but only had corporate governance issues under the old board. He said the bank’s fundamentals remain strong and that it […]

Capital Market

Analysts predict decline profit, dividend in H1 2016

Ihesiulo Grace 12 July 2016 0

Capital Market analysts have predicted decline in profit and dividend payment to shareholders in half year results of quoted companies on The Nigerian Stock Exchange (NSE). They noted that the late policy of Central Bank of Nigeria (CBN) on foreign exchange, sharp and elongated decline in oil prices, banks hike in impairment charges for credit […]

Business Capital Market

NSE ASI Declines by 0.41

Ihesiulo Grace 5 May 2015 0

Market activities in the Nigerian Stock Exchange closed on a negative note on Tuesday as the All share Index declined by 0.41 per cent or 49.05 basis point to close at 34,600.33 as against Monday’s closing basis point of 34,649.38. Total rose from its loss of N5.17 yesterday to lead the gainers chart in a […]

Business Capital Market

Stakeholders Seek Effective Regulation of Commodity Exchanges

Ihesiulo Grace 2 April 2015 0

Capital market operators under the aegis of the Chartered Institute of Stockbrokers (CIS), Association of Stockbroking Houses of Nigeria (ASHON) and Association of Issuing Houses of Nigeria (AIHN) have indicated readiness to work with the federal government in ensuring the establishment of viable community exchanges. Speaking Tuesday, at the ‘Press Conference of G 29 under

Business Capital Market

AshakaCem Exits as Mobil Enters NSE’s Islamic Index

Ihesiulo Grace 2 April 2015 0

Effective Wednesday 1, April 2015, the reviewed Nigerian Stock Exchange Lotus Islamic Index (NSE LII) will reflect the performance of Mobil Oil Nigeria Plc., while it will no longer contain information on AshakaCem, following recent developments that leading to the merger between the latter and Larfarge Cement Plc. A statement from the Exchange explained that […]

Business Capital Market

Nigeria's Economy is in the "red"- Trading Economics Report

Ihesiulo Grace 12 March 2015 0

A prominent international rating agency, Trading Economics (TE), has rated Nigeria’s economy as “negative” (in red), on 27 points, indicating that the nation currently possesses a highly speculative economy. The Trading Economics credit rating takes into account the average grade given by international credit rating agencies plus multiple economic

Business Capital Market

After weeks of positive trading, NSE ASI declines by 1.55 per cent

Ihesiulo Grace 12 March 2015 0

The Nigerian Stock Exchange (NSE) All Share Index (ASI), depreciated by 486.11 points or 1.55 per cent increase to close at 30,869.17 points from its previous 31,355.28 points recorded on Tuesday after several weeks of positive trading. A total of 518,883,361 shares worth 3.8 billion naira in 5,469 deals were traded bringing Market capitalisation down […]