Business Capital Market

Market reverses as NSE ASI gains 1.11%

Ihesiulo Grace 14 February 2018 0

The bearish run of the Nigerian equities market reversed on Wednesday as investors take new position for dividend payments in expectation of release of 2017 financial year results by listed companies. The equities market rebounded after seven consecutive sessions of losses, with the ASI

Business Capital Market

NSE rides into new week strong as investors gain N457bn in one week

Ihesiulo Grace 10 December 2017 0

With barely three weeks of trading activities till the end of the 2017 financial year, the domestic bourse (Nigerian Stock Exchange, NSE) has not relented in its positive performance, as it closed positive for the third consecutive week, with the Market Capitalization appreciating by N345 billion or 3.46 percent to close the week at N13.672 […]

Business Capital Market

Ag SEC DG lauds CAMCAN over market growth

Ihesiulo Grace 10 December 2017 0

…pledges support to association The newly appointed acting Director General of the Securities and Exchange Commission, Dr Abdul Zubair has lauded the Capital Market Correspondents Association of Nigeria (CAMCAN) for its contributions to a more resilient and steadily growing capital market. Zubair who gave the welcome address at the 2017 edition of the annual CAMCAN […]

Capital Market Capital Market

CSCS fetes Adeeko, Nwosu for laudable service

Ihesiulo Grace 20 November 2017 0

The Nigerian share depository, the Central Securities Clearing Systems (CSCS) Plc recently rolled out drums to celebrate their former executives who made immense contributions to the organization and the development of the nation’s capital market. CSCS, sub of the Nigerian Stock Exchange (NSE) in Lagos, celebrated the duo of Bola Adeeko and Obinna Nwosu for […]

Business Capital Market

Capital Market Operators urged to adapt to new business environment – Mounir Gwarzo, SEC DG.

Ihesiulo Grace 16 November 2017 0

The Director General of the Securities and Exchange Commission, Mr. Mounir Gwarzo has urged capital market participants to constantly adapt to new and rapidly changing economic, regulatory and business environments which will aid them in performing their expected roles in economic development of the nation. He mentioned this during his opening remarks at the 21st […]

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Legislators may prolong review of Capital Market laws

Ihesiulo Grace 30 October 2017 0

Bonny Amadi, Lagos Indications have emerged that the National Assembly may spend more years amending the Capital Market obsolete laws, thereby retarding developments expected to be driven by the expected new rules. Pointer to this emerged when the chairman, Senate Committee on Capital Market, Senator Bukar Mustapha, visited the Nigerian Stock Exchange (NSE), where he […]

Business Capital Market

Oando Shareholders commend SEC on intervention

Ihesiulo Grace 19 October 2017 0

Bonny Amadi Cross- section of shareholders of Oando Plc and capital market experts have lauded the speedy action taken by the Securities and Exchange Commission (SEC) by heeding to request for investigations into the happenings in the company’s management. The shareholders, on Thursday, expressed that wrong doing will be exposed and adequate sanctions meted out […]

Capital Market

Stakeholders call for investor confidence return

Ihesiulo Grace 18 July 2017 0

Cross section of capital market stakeholders have called for restoration of market investor confidence , as the Nigerian Stock exchange(NSE) records great feat in market development and returns on investments. The call was coming as the NSE has emerged as the world’s best performing market in terms of returns on investments in the month of […]

Business

EFCC, NSE partner on market surveillance

Ihesiulo Grace 28 April 2017 0

The Economic and Financial Crimes Commission, EFCC has announced its partnership on market surveillance with the Nigerian Stock Exchange to put an end to increased infractions in the capital market. This is in furtherance to the Memorandum of Understanding signed between both parties in 2013 towards tackling market infractions and abuse. According to the anti-graft […]

Capital Market News

Capital market to mobilise funds for Nigeria’s 2017 budget deficit- SEC

Ihesiulo Grace 6 March 2017 0

The Nigerian Securities and Exchange Commission (SEC) has released a 9-point communique, highlighting the capital market’s role in supporting the mobilization and deployment of resources to fund the N2.36 trillion gap in the nation’s 2017 budget. The communique which was issued at the week, come on the heels of the 2017 budget seminar held on […]

Business Capital Market

‎Zenith Bank to raise N100 billion from capital market

Ihesiulo Grace 1 March 2017 0

Following the release of Zenith Bank’s full year results on Monday, reports reaching Daily Times, discloses the lender seeks additional N100 billion from the capital market if approved by its shareholders. According to the report from Reuters, “Zenith Bank said on Tuesday it would seek shareholder approval next month to raise N100 billion via a […]

Business Capital Market

Investors move 347.8m shares as indices rise 0.05%

Ihesiulo Grace 8 February 2017 0

Stock market activities on Wednesday, took a positive turn, closing 0.05 percent higher than the previous day. Investors moved 347.8 million shares 67 percent higher than 207.2 million shares, sold previously, but the value of equities traded for the day dropped 13 percent to N1.4 billion from N1.6 billion. As a result, the All-Share Index appreciated […]

Capital Market

NSE: Investors lose N59.3 billion in four days

Ihesiulo Grace 20 January 2017 0

Cumulative losses for the week reached N59.3 billion yesterday as market capitalization which opened on Monday at N9.074 trillion plunged 0.65 percent to close Thursday at N9.015 trillion. The All-Share Index (ASI) closed at 26,201.60 compared to previous closing figure of 26,245.34 Investors exchanged 196.5 million units of shares for N2.611 billion in 3,317 deals,

Business Capital Market

Federal Government commits towards capital market growth.

Ihesiulo Grace 14 November 2016 0

His Excellency, Vice President of Nigeria, Professor Yemi Osinbajo in his maiden visit to the Nigerian Stock Exchange (NSE) has pledged the full support of the Federal Government towards partnership that will engender the rebound of the Nigerian Stock market. His Excellency, gave this assertion whilst performing the closing gong ceremony, in company of the […]

Business Capital Market

13 gainers boost market cap by N38 billion.

Ihesiulo Grace 12 October 2016 0

The Nigerian Equities market continued on a positive on Tuesday as strategic positioning by investors ahead of third quarter 2016 financials releases prevailed. The Nigerian Stock Exchange (NSE) All Share Index (ASI) thus recorded an increase of 0.39 percent to 28,034.32 points from opening figure of 27,925.00 points. The day’s performance reduced the year to […]

Capital Market

CBN approves liquid asset status for Sukuk instruments

Ihesiulo Grace 8 October 2016 0

The Central Bank of Nigeria (CBN) has approved “Guidelines for Granting Liquid Asset Status to Sukuk Instruments Issued by State Governments” to enhance the diversification of sources of funding for development at the sub-national levels. The CBN said the approval is in view of the need to foster financial system and economic growth and development, […]

Business

Stockbrokers Canvass Reinvestment of Unclaimed Dividends

Ihesiulo Grace 21 April 2015 0

Some capital market operators are advocating the ploughing back of the nation’s N50 billion unclaimed dividends in the Nigerian bourse. The operators are seeking the approval of Securities and Exchange Commission (SEC) for this to happen.   According to them, investing a fraction of unclaimed dividend in the market would assist in boosting liquidity.   […]

Business

Capital Market Indices Maintain Upward Trend

Ihesiulo Grace 27 March 2015 0

  Trading on the Nigerian Stock Exchange (NSE), on Friday for the five consecutive day, maintained an upward trend with the All-Share Index closing higher at 30,562.93, NAN reports. The index rose by 489.83 points or 1.63 per cent against 30,073.10 posted on Thursday. Similarly, the market capitalisation increased by N283 billion to close at […]