Business News

NSE dips N164bn on Lafarge Africa, Zenith Bank, NB losses

Ihesiulo Grace 3 February 2021 0

Nigerian Stock Exchange extended its losing streak on Tuesday following investors’ sell-off of Lafarge Africa and some banking stocks. As a result, the All-Share Index declined by 314.11 points or 0.74 per cent to 42,043.79 against 42,357.90 achieved on Monday. Consequently, the month-to-date

Business

NSE drops N51 billion on fear of rate adjustment

Ihesiulo Grace 23 January 2021 0

Nigerian Stock Exchange market capitalisation on Friday dropped further by N51 billion on sustained profit-taking due to fear of rate adjustment by the Monetary Policy Committee (MPC). The MPC of the Central Bank of Nigeria first meeting of year has been slated for Jan. 25 and Jan. 26. Specifically, the market capitalisation lost N51 billion […]

Business News

Trading reverses on NSE, indices drop by 0.12 per cent

Ihesiulo Grace 22 January 2021 0

Trading on the Nigerian Stock Exchange returned to bearish posture on Thursday with the market indices losing 0.12 per cent following profit-taking in Dangote Cement and Axa Mansard. Specifically, the All-Share Index dipped 48.57 points or 0.12 per cent to close at 41,099.15 from 41,147.72 recorded on Wednesday. Accordingly, month-to-date and year-to-date returns moderated

Business News

Trading rebounds on NSE, up by N50 billion

Ihesiulo Grace 21 January 2021 0

Transactions on the Nigerian Stock Exchange (NSE) rebounded on Wednesday by N50 billion, halting two consecutive days of bearish trend due to sustained bargain-hunting in insurance stocks. The market capitalization which opened at N21.474 trillion inched higher by N50 billion or 0.23 per cent to close at N21.524 trillion. Also, the All-Share Index increased by […]

News

NSE to x-ray 2020 market activities, provide 2021 outlook

Ihesiulo Grace 14 January 2021 0

MOTOLANI OSENI The Nigerian Stock Exchange (NSE) has concluded all plans to review market activities for the year 2020, while makes projections for 2021. The Exchange on Wednesday said that the 2020 Market Recap and 2021 Outlook on will come upon Tuesday, 19 January 2021. In light of the current protocols around the COVID-19 pandemic, […]

Business News

NSE market indicators rebound by 0.17 per cent

Ihesiulo Grace 7 January 2021 0

Nigerian Stock Exchange market indicators on Wednesday rebounded by 0.17 per cent amid interests in some banking stocks. The All-Share Index rose by 69.01 points or 0.17 per cent to close at 40,465.15 from 40,396.14 recorded on Tuesday. Also, the market capitalisation which opened at N21.122 trillion inched higher by N36 billion or 0.17 per […]

News

Nigeria stock market loses N265bn on banks’ unimpressive Q3 results

Ihesiulo Grace 21 November 2020 0

The Nigerian Stock Exchange market indicators on Friday dropped further by 1.46 per cent due to unimpressive third quarter results released by some banks. The All-Share Index lost 506.83 points or 1.46 per cent to close at 34,136.82 compared with 34,643.65 recorded on Thursday. Also, the market capitalisation dipped N265 billion or 1.46 per cent […]

News

NSE extends bullish trend, indices up 6.39% in four days

Ihesiulo Grace 2 November 2020 0

The equities market of the Nigerian Stock Exchange (NSE), All-Share Index and Market Capitalization appreciated by 6.39 per cent to close the week at 30,530.69 basis and N15.958 trillion respectively. Similarly, all other indices finished higher except for the NSE ASeM Index that closed flat. It was a four-day trading week as the Federal Government […]

News

Again, Anonymous hacks Nigerian Stock Exchange website

Ihesiulo Grace 19 October 2020 0

A group of international ‘hacktivist’ group, Anonymous, backing #ENDSARS protesters has hacked the Nigerian Stock Exchange website. The hackers took over admin panel as markets opened on Monday. ‘We have HACKED into the complete admin panel of the Nigerian Stock Exchange website! We decided to leave a message this time :). We will be leaking […]

Business

Equities market sustains downtrend with 0.62% loss

Ihesiulo Grace 28 February 2020 0

The Nigerian Stock Exchange (SE) market Thursday  extended losing streak to five consecutive trading sessions,  as sell pressure persists with a loss of 0.62 per cent. The All-Share Index (ASI) decreased by 166.14 absolute points, representing a dip of 0.62 per cent to close at 26,808.24 points. Similarly, the overall market capitalisation size shed N86 […]

Business News

Equities market suffers first-week loss over hike in CRR

Ihesiulo Grace 3 February 2020 0

The Nigerian Stock Exchange (NSE) equities market segment suffered its first weekly loss of 2020 as the impact of the Central Bank of Nigeria’s(CBN) hike in the Cash Reserve Ratio (CRR) spike investors selloffs in listed banks shares. The Monetary Policy Committee (MPC) of the apex bank had voted last week to increase CRR to […]

Business

Nigerian Stock Exchange market capitalisation inches N245bn

Ihesiulo Grace 14 November 2019 0

Lagos – The Nigerian Stock Exchange (NSE) on Thursday posted the biggest gain in over six months due to declining yields in fixed income securities. Specifically, the market capitalisation inched N245 billion with six hours of trading to cross N13 trillion, closing at N13.067 trillion against N12.822 trillion on Wednesday. Also, the All-Share Index increased […]

Business News

Equities market sheds 16.15% amid economy challenges

Ihesiulo Grace 4 November 2019 0

Amid global and domestic economic challenges, the equities market of the Nigerian Stock Exchange (NSE) has recorded a depreciation of 16.15 per cent in 10 months of 2109. The equities market this year has been on a negative trend coupled with the 2019 general elections that led to foreign investors’ exit, policy measures by regulatory […]

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Green bond: NSE, LuxSE sign MoU to promote cross listing

Ihesiulo Grace 10 October 2019 0

The Nigerian Stock Exchange (NSE) and the Luxembourg Stock Exchange (LuxSE) have signed a Memorandum of Understanding (MoU) to promote cross listing and trading of green bonds in Nigeria and Luxembourg. The NSE said the MoU was signed at the annual meeting of the World Federation of Exchanges in Singapore on Wednesday. The MoU further […]

Business

NSE: Market indices extend growth by 0.35%

Ihesiulo Grace 27 September 2019 0

The Nigerian Stock Exchange (NSE) market indices ended trading on Friday with a growth of 0.35 per cent. Specifically, the All-Share Index increased marginally by 95.19 points or 0.35 per cent to close at 27,675.04 against 27,579.85 achieved on Thursday. Also, the market capitalisation which opened at N13.426 trillion rose by N46 trillion to close […]

Business Capital Market Capital Market News

Equities market lose N89bn over profit-taking

Ihesiulo Grace 30 August 2019 0

Temitope Adebayo The Nigerian Stock Exchange equities market segment on Thursday reverted the gains in the previous trading session, following the All-Share Index (ASI) declined by 0.66 per cent on losses in Dangote Cement, MTN Nigeria, 12 other stocks. The All Share Index fell by 181.45 basis points or 0.66 per cent to 27,425.57 basis […]

Business Capital Market Capital Market

NSE –ASI drops by 0.11% over investors sustained sell-offs

Ihesiulo Grace 16 August 2019 0

Motolani Oseni The equities market closed on Thursday trading session on a negative note, as the Nigerian Stock Exchange, All-Share Index (NSE-ASI) slumped by 0.11 per cent on persistent sell-offs. The NSE-ASI fell by 30.18 basis points or 0.11 per cent to 27,052.93 basis points from 27,083.11basis points Accordingly, investors lost N15 billion in value […]

Business

Voluntary delisting: NSE delists shares of First Aluminium

Ihesiulo Grace 1 August 2019 0

Temitope Adebayo The Nigerian Stock Exchange (NSE) on Wednesday delisted the entire issued share capital of First Aluminium Nigeria from its Daily Official List following the company’s request for voluntary delisting. NSE Head of Listings Regulation Department, Mr Godstime Iwenekhai said that the entire issued share capital of the company were delisted further to its […]

Business

MTN’s 20.3bn shares may start trading on equities market Thursday

Ihesiulo Grace 15 May 2019

…To raise over N200bn for expansion in Nigeria Ladesope Ladelokun MTN Nigeria has concluded all plans to be officially introduced on the Nigerian Stock Exchange, come Thursday, May 16th, even as a plan to increase its expansion and the efficiency of its network in Nigeria is underway. The telecommunication firm is looking to raise over […]

Business Headlines

Unity Bank’s profit loss hits N14.9bn in one year

Ihesiulo Grace 7 November 2018 0

…As NSE slams N79.9m fine on bank over infractions …We don’t have non-performing loans, complies with regulatory criteria- Bank Unity Bank Plc has reported N14.9 billion loss in its 2017 audited financial statement submitted to the Nigerian Stock Exchange (NSE), as against reported N2.18 billion Profit after Tax (PAT) in 2016. The long awaited 2017 […]