Business

NSE to enlist SAHCOL before December – investigation

Ihesiulo Grace 8 October 2018 0

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

Business Top Stories

Investors lose N140bn in one week

Ihesiulo Grace 8 October 2018 0

…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

Capital Market Economy

Pension operators celebrate Multi-Fund Structure as it rings NSE Closing Gong

Ihesiulo Grace 24 July 2018 0

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 […]

Capital Market

Med-View grows FY’17 profit by 62% declares 30k dividend

Ihesiulo Grace 11 March 2018 0

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 […]

Capital Market

Oil&Gas, Consumer goods strengthen equities’ market 0.68 per cent gain

Ihesiulo Grace 11 March 2018 0

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 […]

Capital Market

NSE: Foreign outflows rises by 126 per cent in one month

Ihesiulo Grace 1 March 2018 0

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 […]

Business Capital Market

NSE ASI garners 0.42% as investors sustain repositioning

Ihesiulo Grace 31 January 2018 0

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

Capital Market

NSE promotes Awe as ED, endorsed by regulators

Ihesiulo Grace 18 January 2018 0

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

Business

Awe becomes NSE Executive Director, vows to improve compliance structure

Ihesiulo Grace 15 January 2018 0

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

Business

Market Cap gains N1.5 trillion in 1week, crosses 9 year high

Ihesiulo Grace 13 January 2018 0

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 […]

Capital Market

7up Bottling bargains with N125 per share in new scheme

Ihesiulo Grace 11 January 2018 0

…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 […]

Business

Onyema becomes first NSE CEO to be inducted as associate member

Ihesiulo Grace 19 December 2017 0

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 […]

Business

Investors mop conglomerates’ stocks to lead turnover by 80%

Ihesiulo Grace 3 December 2017 0

….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 […]

Capital Market

Market indices sustain growth 0.22%

Ihesiulo Grace 24 November 2017 0

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 […]

Business Capital Market

Economic growth impacts NSE indices to positive week start

Ihesiulo Grace 21 November 2017 0

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 […]

Capital Market

Unilever, Tranex supplementary equities’ shares to dilute price

Ihesiulo Grace 20 November 2017 0

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

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

Stock market crashes by N124bn as investor’s book profit

Ihesiulo Grace 14 November 2017 0

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 […]

Business News

Obaseki, Fayemi, Onyema discusses Nigeria investment opportunities at LSE

Ihesiulo Grace 28 October 2017 0

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 […]

Business Capital Market

Equities market halt downtrend with 0.01% marginal growth

Ihesiulo Grace 19 October 2017 0

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 […]