Business

Equities on Nigerian bourse down by 1.99%

Ihesiulo Grace 6 July 2020 0

*As investors lose N20bn on last trading day The equities market of the Nigerian Stock Exchange (NSE) depreciated by 1.99 per cent to close the week at 24,336.12 and N12.695 trillion respectively Also, the market capitalisation of listed equities on the NSE declined by N20 billion or 0.16 per

Business

How equities market investors lost N1.87trn in 4 days

Ihesiulo Grace 13 March 2020 0

Temitope Adebayo The Nigerian Stock Exchange (NSE) has lost N1.87 trillion to global oil price crash and increasing spread of COVID-19 in four days. Specifically, the market capitalisation, which opened trading for the week at N13.694 trillion, shed N1.87 trillion or 13.63 per cent, having closed trading on Thursday at N11.827 trillion. READ ALSO: Lagos […]

News

NSE advocates gender equality to reduce employment, entrepreneurship gaps

Ihesiulo Grace 7 March 2020 0

Mr Oscar Onyema, Chief Executive Officer, Nigerian Stock Exchange (NSE), on Friday said gender equality was important to reduce employment and entrepreneurship gaps in the country. Onyema stated this at a symposium organised by the Exchange in Lagos to commemorate the 2020 International Women’s Day with the theme ‘Each for Equal.’ READ ALSO: Gender inequality, […]

Featured News

NSE indices gain 0.17% to close positive in October

Ihesiulo Grace 1 November 2019 0

BY Motolani Oseni Nigerian equities market of the Nigerian Stock Exchange (NSE) gained 0.17 per cent amid bargain hunting activities to close the trading for the month of October. The All Share Index (ASI) rose by 44.58 points or 0.17 per cent to 26,355.35 points. Accordingly, investors gained N22 billion in value as market capitalisation […]

Banking Business Economy Money Money

60% LDR: How stock price of sanctioned banks depreciate on NSE

Ihesiulo Grace 4 October 2019 0

The stock price of five banks out of 12 sanctioned by the Central Bank of Nigeria (CBN) on Thursday depreciated on The Nigerian Stock Exchange (NSE). The apex bank on Wednesday debited 12 banks who failed to meet the initial deadline of 60 per cent Loan to Deposit Ratio (LDR) by September 30, 2019, in […]

Banking Business Economy Money Money

Equities market declines by N112bn over investors sustained profit-taking

Ihesiulo Grace 4 October 2019 0

The equities market segment of the Nigerian Stock Exchange (NSE) on Thursday continued on a downward trend as investors’ investment declined by N112 billion on the back of sell-offs in high capitalised stocks. The All Share Index (ASI) decreased by 229.18 absolute points, representing a dip of 0.84 per cent to close at 27,085.69 points. […]

Business Economy

Equities market begins trading low as indices down 0.74%

Ihesiulo Grace 17 September 2019 0

Temitope Adebayo The Nigerian equities market of the Nigerian Stock Exchange (NSE) resumed trading week on Monday with a loss of 0.74 per cent, following losses achieved by medium and large equities. Specifically, the All Share Index (ASI) shed 204.68 points or 0.74 per cent to close at 27,574.32 against 27,779.000 achieved on Friday. Similarly, […]

Banking Business Politics

Equities market indices increase by N142bn in one day

Ihesiulo Grace 13 September 2019 0

Motolani Oseni Again, the equities market of the Nigerian Stock Exchange (NSE) on Thursday reacted positively to the outcome of the election tribunal ruling for the second consecutive day, as market capitalisation rose by N142 billion to close at N13.351 trillion against N13.209 trillion closed the previous day. Similarly, the All Share Index rose by […]

Business Capital Market News

Equities market continues bearish trend, dips N28bn

Ihesiulo Grace 10 September 2019 0

Motolani Oseni Due to persistent sell pressure, equities market of the Nigerian Stock Exchange (NSE) continued its bearish movement to lose N28billion at the close of Monday trading activities. The stock market benchmark index, NSE All Share Index (ASI) dropped by 56.73 basis points or 1.25 per cent close the week at 28,847.81 basis points […]

Banking Business Capital Market

NSE records N19bn gain on first trading day in September

Ihesiulo Grace 3 September 2019 0

Motolani Oseni The equities market segment of the Nigerian Stock Exchange (NSE) commenced trading in September on positive note with a marginal growth of 0.14 per cent, which translated to investors’ gain of N19 billion. Specifically, the All Share Index (ASI) rose by 39.28 points or 0.14 per cent to 27,565.09 points. Accordingly, investors gained […]

Business Capital Market Food & Nutrition

UACN, Imperial logistics seal $2.4m deal

Ihesiulo Grace 28 August 2019 0

Motolani Oseni UAC of Nigeria Plc has announced that it was in agreement with Imperial Logistic Limited to increase its shareholding in MDS Logistics Limited to 57 per cent. In a notice to the Nigerian Stock Exchange (NSE), UACN informed its shareholders and stakeholders that the company has entered into an agreement with Imperial Logistics […]

Business Capital Market News

NSE to host 4th edition of equities market data workshop

Ihesiulo Grace 28 August 2019 0

Motolani Oseni The Nigerian Stock Exchange (NSE) is set to host the 4th edition of the NSE Market Data Workshop. The event is scheduled to hold on Wednesday, September 11, 2019, at the Harbour Point, 4 Wilmot Close, Victoria Island, Lagos. With the theme, “Partnerships, Products and the Customer”, the 2019 NSE Market Data Workshop […]

Business News

NSE: Equities market index down by 0.39%

Ihesiulo Grace 27 August 2019 0

Temitope Adebayo The equities market segment of the Nigerian Stock Exchange (NSE) ended Monday’s trading session in negative territory, as the All-Share Index closed at 27,691.85 basis points, against 27,800.17 achieved on Friday, which represented a 0.39 per cent decline. Similarly, investors lost N52 billion in values as the market capitalisation closed lower at N13.472

Banking Business

Zenith Bank hikes profit by 4%, proposes N0.30 dividend

Ihesiulo Grace 20 August 2019 0

Temitope Adebayo Zenith Bank plc has announced a four per cent increase in profit before tax in its audited result and accounts for the half-year (H1) ended June 30, 2019. The financial an institution in its accounts to on the Nigerian Stock Exchange (NSE) on Monday reported N111.7 billion profit before tax in H1 2019 […]

Business Capital Market News

Capital market stakeholders to exchange ideas at Q2 2019 CMC meeting

Ihesiulo Grace 16 August 2019 0

Motolani Oseni The Securities and Exchange Commission (SEC) has announced that the Second quarter Capital Market Committee (CMC) meeting in 2019 where stakeholders will come together and champion ideas. According to the SEC, “Attendance to both events is strictly by invitation. Invited participants are expected to come with their identity cards to be admitted into […]

Business Capital Market

NSE deepens debt market to N12. 5trn

Ihesiulo Grace 7 August 2019 0

…As DMO raises N13bn from equities market Motolani Oseni The Nigerian Stock Exchange (NSE) Chief Executive Officer, Oscar Onyema, on Tuesday, revealed that from a humble beginning as far back as 1961, the Exchange has deepened its debt market to N12.47 trillion. He, also, disclosed that Nigeria’s Debt Management Office (DMO) has raised N13 billion […]

Business Capital Market

NSE rebounds with market capitalisation growth of N14bn

Ihesiulo Grace 2 August 2019 0

Motolani Oseni The equities market of the Nigerian Stock Exchange (NSE) on Thursday rebounded with an increase of a whopping N14 billion market capitalization, closing the first trading day in August at N13.522 trillion against N13.508 trillion recorded the previous day. Although, the improvement was said to have been achieved due to bargain hunting in […]

Africa Business Capital Market

Lafarge Africa investors approve sale of subsidiary for $316m

Ihesiulo Grace 23 July 2019 0

Motolani Oseni Shareholders of Lafarge Africa Plc on Monday unanimously approved the proposed sale of Lafarge South Africa Holding Limited (LSAH) to LafargeHolcim Group for $316.2 million. They gave the approval at the company’s 60th Annual General Meeting (AGM) in Lagos. Speaking at the meeting, Mr Mobolaji Balogun, the company’s Chairman, said that LSAH sale […]

Business

Equities market indices down amid Seplat, MTN, 17 others losses

Ihesiulo Grace 19 July 2019 0

Motolani Oseni The All-Share Index of the Nigerian Stock Exchange (NSE) on Thursday reached an all-time low of 27,864.49 due to selling pressure in Seplat, MTN Nigeria and 17 other equities. The equities market index lost 178.31 points or 0.64 per cent to close lower at 27,864.49 against 28,042.80 achieved the previous day. Similarly, the […]

Business Capital Market

NSE suspends trading in shares of Conoil, 10 other companies

Ihesiulo Grace 3 July 2019 0

Temitope Adebayo The Nigerian Stock Exchange (NSE) on Tuesday suspended trading in the shares of 11 companies over delayed filing of accounts. NSE Head, Listings Regulation Department, Godstime Iwenekhai, stated this in a statement released to the newsmen in Lagos yesterday. Mr Iwenekhai said the affected companies were: Conoil, FTN Cocoa Processors, Goldlink Insurance,