Plans have reached an advanced stage for the Skyway Aviation Handling Company Limited (SAHCOL) to be enlisted on the floor of the Nigerian Stock Exchange (NSE). Investigations carried out by our correspondent indicated that the ground handling company may be enlisted in NSE before December 2018. The investigations showed that the management and board of […]
…As CBN survey shows high-interest rate, others restrained business activity In October first trading week, Investors’ lost N140 billion in the equities market segment of the Nigerian Stock Exchange (NSE) over sell-off in large-mid capitalised companies. This is just as the Central Bank of Nigeria (CBN) monthly Business Expectations Survey Report for September revealed that […]
The Pension Funds Operators Association of Nigeria (PenOp) was recently honoured by the Nigerian Stock Exchange with the invitation to ring the Closing Gong on the Trading Floor on Tuesday, 17th July 2018. The two organisations who are among the strongest players in the Nigerian financial sector met to discuss partnership opportunities and ways in […]
Upping it’s ante from half year results declared several months back, Nigeria’s based Med-View airline has recorded a 62.3 per cent increase in its Profit After Tax (PAT) for the full year period ended December 31, 2017 at N1.3bn from N772.9bn in 2016. In a bid to enhance its corporate value and brand image Med-View […]
The equities market has recorded a positive end to the first full week of trading in March as lead market indicator, the All- Share Index (ASI), appreciates 0.68 per cent for the week ended Friday, March 9, 2018. The ASI settled at 43,167.86 points from 42,299.56 points recorded at the beginning of March, as a […]
Foreign outflows from the Nigerian Stock Exchange (NSE) increased by 125.84 per cent from N33.05 billion to N74.64 bn in the space of just one month. This was revealed in the NSE’s January 2018 report on ‘Domestic & Foreign Portfolio Participation in Equity Trading.’ The increase was recorded between December 2017 and January 2018. The […]
The repositioning effort of investors on the Nigerian equities market was sustained on Tuesday , as demand continues to pitch against supply. Subsequently, the equities market ended positive for the third consecutive trading session, up +0.42 per cent close the day at 44,493.79. The market capitalization also closed higher at N15, 949,697,954,473.97. Investors transacted a […]
The Nigerian Stock Exchange has announced the promotion of Ms. Tinuade Awe to Executive Director, Regulation, with effect from 1 January, 2018. Her appointment has received the regulatory approval. As Executive Director, Regulation in the NSE’s revised organizational structure, Awe has oversight functions for the following teams: Broker Dealer Regulation, Listings Regulation, Market Surveillance & […]
The Nigerian Stock Exchange has announced the promotion of Ms Tinuade Awe to Executive Director, Regulation with effect from 1 January, 2018. Ms Awe’s appointment has received regulatory approval. As Executive Director, Regulation in the NSE’s revised organizational structure, Ms Awe has oversight functions for the following teams: Broker Dealer Regulation, Listings Regulation, Market Surveillance […]
It’s the second week of the year, and investors have continued to pump in voraciously into Nigeria’s Equities market. Progressing from previous’ week’s 1.78 per cent advancement, the Nigerian Stock Exchange All Share Index ASI added another 10.21 per cent in the week ended 12th January 2018 pushing the Year to date returns to 12.17 […]
…Update on proposed acquisition 7Up Bottling Company (SBC) Nigeria Plc, with a ongoing voluntary delisting application on Wednesday, January 10th, 2018, announced update on its proposed acquisition leading to its voluntary delisting from the Nigerian Stock Exchange (NSE). This was coming as the company is billed to hold its court ordered meeting on the scheme […]
The Chief Executive Officer of The Nigerian Stock Exchange (NSE), Mr. Oscar N. Onyema, OON was today, December 19, 2017, inducted as an associate member of the Chartered Institute of Stockbrokers (CIS) of Nigeria at the induction ceremony held at the Stock Exchange House, Lagos. With this, Mr. Onyema has become the first CEO of […]
….As Fidelity, Forte Oil led gainers Against the usual tradition of the financial sector leader activity table of the Nigerian stock Exchange (NSE), the trend changed last week as the conglomerates sector emerged market leader. This led to growth recorded in market performance measuring indices, as the NSE All-Share Index and Market Capitalization appreciated by […]
Lead market indicators of the Nigerian Stock Exchange (NSE) on Thursday, sustained previous day’s growth with an increase of 0.22 per cent in the All-Share Index and Market Cap. The ASI rose by 79.99 points or 0.22 per cent to close at 36,688.75 against 36,608.76 recorded on Wednesday. In the same vein, market capitalisation which […]
As the Nigerian Bureau of Statistics (NBS) announced the Q3 2017 GDP report showing the economy grew farther by 1.4 per cent on Monday, Nigeria’s stock market advanced higher to close in a positive territory. The growth in GDP is the second consecutive positive growth in the GDP since Q2-2017, supported by a spike in […]
Unsilver Nigeria Plc and Trans nationwide Express (Trantex) Plc during the week ended, Friday, 17th November, 2017, listed supplementary shares on the Nigerian Stock Exchange (NSE’s) official list, a development experts say, will further dilute pricing of their shares. The NSE informed dealing members of the development on Friday that 1,961,709,167 ordinary shares of Unilever […]
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 […]
Following two consecutive profitable sessions recorded on the equities segment of the Nigerian Stock Exchange, Investors, Tuesday embarked on a profit taking that sent market indices N124bn and 0.96 per cent lower than previous closing figures. The equities market capitalisation fell by N124 billion to close the day at N12.789 trillion. This brought the Year […]
Titus Akhigbe, Benin As more transnational companies, multilateral organisations and several trade missions swell the numbers and ranks of participants in the maiden edition of Alaghodaro Investment Summit, the Governor of Edo State, Mr. Godwin Obaseki, was at the London Stock Exchange on Friday to speak to companies listed on the London bourse about the […]
Afolabi Adesola A two day down trend recorded previously on the equities market has been halted with a 0.01% growth recorded in the All Share Index (ASI) on Thursday. The ASI rose from a loss of 0.08 per cent recorded on Wednesday to close at 36,645.65 points. The market Capitalisation also improved mildly from N12.613 […]