Business

Equities market ends losing streak with 0.47% gain

Ihesiulo Grace 28 June 2019 0

Motolani Oseni The equities market of the Nigerian Stock Exchange (NSE) on Thursday ended three consecutive trading days loss with 0.47 per cent gains. In summary, the All Share Index (ASI) gained 140.35 absolute points, representing a gain of 0.47 per cent to close at 29,749.35 points.

Business

NSE: MTN tops gainers chart amid N275bn infraction payment to FG

Ihesiulo Grace 22 May 2019

…As market capitalization hits N13.30trn Motolani Oseni There was a positive trend at the end of trading activities on the Nigerian Stock Exchange (NSE) on Tuesday, with MTN Nigeria Communications leading the gainers’ chart closing at N131.70 per share, amid payment of N275 billion SIM infractions to the federal government. Also, the market capitalisation which […]

Business

Seplat assures investors of commitment to profitability, attractive yield

Ihesiulo Grace 17 May 2019

Motolani Oseni The Chairman, Seplat Petroleum Development Company Plc, Dr A.B.C Orijako has said the company is committed to profitability and attractive yield for shareholders who invested on its shares on The Nigerian Stock Exchange (NSE). Addressing shareholders at the company’s Annual General Meeting in Lagos on Thursday, the Chairman said last year operational and

Business

NSE delists Newrest ASL, as equities market sheds N141bn

Ihesiulo Grace 14 May 2019

Ladesope Ladelokun Amid sell pressure and delisting of Newrest ASL from three official list, the equities market of the Nigerian Stock Exchange (NSE) opened for the week on Monday still on a bearish trend, with the market capitalisation shedding N141 billion, representing a dip of 1.30 per cent to close at N10.701 trillion against N10.842 […]

Business

NSE: Market capitalisation sheds N6bn on first trading day

Ihesiulo Grace 7 May 2019

Temitope Adebayo Trading on the Nigerian bourse opened for the week on Monday on a negative trend with the market capitalisation dropping by N6 billion or 0.05 per cent to close at N10.973 trillion against N10.979 trillion on Friday. Also, the All-Share Index which opened at 29,212.00 lost 15.13 points or 0.05 per cent to […]

Business

How NAHCO recorded 74.6% drop in profit in one year

Ihesiulo Grace 23 April 2019

Motolani Oseni The Nigerian Aviation Handling Company Plc (NAHCO) has reported a drop of 74.6 per cent in profits in the financial statement for the year ended December 31, 2018, to N196 million as against N775 million posted in 2017. The group’s profit before tax declined by 16.13 per cent from N600 million in 2017 […]

Business

ETI’s PBT up 53% to N135.5bn, hits N8trn in total assets

Ihesiulo Grace 29 March 2019

Ecobank Transnational Incorporated (ETI) has reported a 53 per cent increase in Profit Before Tax (PBT) to N135.5 billion in 2018 financial submitted to the Nigerian Stock Exchange (NSE) on Thursday. The pan-African financial institution had reported N88.3 billion PBT in the 2017 financial year. According to the audited result and accounts of 2018, the […]

Business

Access Bank clarifies sale of N2.5bn customer’s goods

Ihesiulo Grace 13 March 2019

Temitope Adebayo Access Bank Plc has vehemently denied any wrongdoing in the alleged sale of a customer’s goods worth N2.5 billion. The Police Special Fraud Unit in Lagos had charged Access Bank Plc, its Managing Director and Chief Executive Officer, Herbert Wigwe, and others with 21 counts of conspiracy, fraudulent disposal of trust property, fraudulent […]

Business

Stanbic IBTC Holdings increases profit by 53.9% in 2018

Ihesiulo Grace 8 March 2019 0

Stanbic IBTC Holdings, a member of Standard Bank Group in its audited report and accounts for the period ended December 31, 2018, recorded a 53.9 per cent increase in profit to N74.44 billion from N48.38 billion reported in 2017. Over improved profit, the lender proposed a final dividend of N1.50 per ordinary share of 50 […]

Business

Fidson gets SEC nod to offer N3bn right issue

Ihesiulo Grace 6 February 2019 0

Motolani Oseni Fidson Healthcare Plc has said that it has got the regulatory approval from the Securities and Exchange Commission (SEC) to revise the offer of its planned rights issue. In a statement on the Nigerian Stock Exchange (NSE), the healthcare company now plans to raise N3 billion new equity funds through a rights issue […]

Business Capital Market Capital Market

NSE opens 2017 essay competition for secondary schools

Ihesiulo Grace 10 October 2017 0

The Nigerian Stock Exchange, NSE, has announced the commencement of the 2017 NSE Essay Competition with call for entries from students in Senior Secondary Schools in Nigeria. The topic for this year’s edition of the NSE Essay Competition is: “Investor education is critical to retail investor participation in the capital market. Discuss.” To enter for […]

Business Capital Market

Equities market rise for second straight week, erases MTD losses

Ihesiulo Grace 19 March 2017 0

The Nigerian Equities market closed upbeat for the second week in a row, as key market indices appreciated 1.64 percent. The growth recorded at the equities market during the week was occasioned by a moderation in February inflation rate to 17.78 percent from 18.72 percent and steady addition to the foreign reserves, which currently stands […]

Capital Market

WIDOW COMMENDS NSE FOR INVESTOR PROTECTION

Ihesiulo Grace 8 December 2016 0

A widow, Professor Bola O.A Osifo has commended the Nigerian Stock Exchange, for helping to recover the sum of N20m being her late husband’s investment that was fraudulently converted by some scammers. In the letter dated November 1, 2016 obtained by our correspondent, she wrote “On behalf of the Osifo family, we will like to […]

Capital Market Capital Market

Equities market ends week with marginal loss

Ihesiulo Grace 27 November 2016 0

The Nigerian Stock Exchange (NSE) All-Share Index (ASI) and Market Capitalization for the sixth week in a row declined to close the week at 25,333.39 and N8.721 trillion respectively after a depreciation of 0.80 percent. Sector indices also finished lower last week with the exception of the Banking and the Consumer Goods Indices that appreciated […]

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 […]