Business News

Jalo-Waziri, new Central Security boss resumes November 1

Ihesiulo Grace 14 October 2017 0

The Nigerian Stock Exchange (NSE) has appointed Mr. Haruna Jalo Waziri as the substantive Chief Executive Officer of the Central Securities Clearing System (CSCS). Waziri will be taking over from Mr. Bola Adeeko, who has been piloting the affairs of the settlement system house in the last

Capital Market

Equities market rebound 0.22% as Nestle Board meet to Consider Interim Dividend

Ihesiulo Grace 13 October 2017 0

….As insurance led gainers Equities Trading activities on the Nigerian Stock Exchange rebounded on Thursday, as investors embarked on bargain hunting in insurance and consumer goods stocks to lift the Nigerian Stock Exchange All-Share Index (ASI) by 0.22 percent. The NSE Insurance Index led the day’s sectoral gainers with an increase of 2.6 per cent […]

Capital Market

International Breweries receives merger approval

Ihesiulo Grace 31 August 2017 0

The proposed merger between International Breweries Plc (IBPlc) and its two Nigerian subsidiaries has been approved by the Securities and Exchange Commission (SEC) and the Nigerian Stock Exchange (NSE). A regulatory filing on Tuesday by the company via the NSE, stated that under the terms and conditions of the proposed scheme of merger, all the […]

Capital Market

Prestige Assurance to clear N775m retained losses via share reconstruction

Ihesiulo Grace 31 August 2017 0

Prestige Assurance has commenced effort at returning to profitability and boosting its equity value with new commitment to clean up its books for profitability and dividend payment. The move to erase mounting N775 million negative retained loss, will not only give room for higher performance, better equity pricing and share price growth, it will further […]

Capital Market

SEC, NSE approves International Breweries proposed merger

Ihesiulo Grace 30 August 2017 0

International Breweries Plc (IBPlc) says it has obtained the approval of Nigeria’s capital market regulators, the Securities and Exchange Commission (SEC) and the Nigerian Stock Exchange (NSE) to merge with two sister companies. International Breweries, a subsidiary of Belgian Brewer, Anheuser-Busch InBev (AB InBev), had announced in June that the Board of Directors of the

Capital Market

Equities market maintains uptrend as YTD returns surpass 42%

Ihesiulo Grace 14 August 2017 0

The worth of investment on the Nigerian Stock Exchange (NSE) has continued on an uptrend as trading closed in a positive territory for the week ended 11th August 2017, extending gains into the 5th consecutive week, while Year-to-Date returns sit at 42.14 per cent. The lead market indicator; NSE’s All-Share Index (ASI) appreciated further by […]

Business

Ecobank’s delayed result submission blamed on late filing, Bank clarifies

Ihesiulo Grace 7 April 2017 0

Ecobank Nigeria Plc has retracted its earlier submission on cause of its late submission of 2016 audited financial statement for the period ended 31 December 2016. In a publication by the Nigerian Stock Exchange (NSE) on Thursday titled “Erratum to Ecobank Announcement Regarding Delay to Publishing of Year Ended 31 December 2016 Results Lomé” dated […]

Business News

Nigeria’s GDP shrinks to $354b, says Soludo

Ihesiulo Grace 11 March 2017 0

The former Governor of the Central Bank of Nigeria (CBN), Prof. Charles Chukwuma Soludo said the size of nation’s Gross Domestic Product has shrunk from about $575 billion to about $354 billion. Soludo said this at an economic talk shop, organised by the Vanguard newspapers. The talk shop which had other panelists such as Comrade […]

Business

FG to check crowding out funds from equities market to bond – Nwankwo

Ihesiulo Grace 3 March 2017 0

As NSE admits 1 million FGN Eurobonds at par value of $1,000 per  The federal government has assured that it would ensure that government debt instruments does not take away much needed funds required to boost the equities market. Director General Debt Management Office (DMO) federal government’s debt management body, Dr. Abraham Nwankwo stated this […]

Business Capital Market

Chellarams migrates to ASeM on free float deficiency default

Ihesiulo Grace 27 February 2017 0

Chellerams Nigeria Plc based on its free float deficiency, has been authorized by the NSE to migrate to Alternative Securities Exchange Market category (ASeM) board, for Small and Medium Enterprises (SME’s) Chellarams Plc had applied to migrate from the Main Board of the NSE to the ASeM Board following the company’s 14.87 percent free float […]

Business News

FG, private sector partnership to drive economy – Osinbajo

Ihesiulo Grace 24 February 2017 0

…. Nigeria launches N20bn 1st tranche Green Bond in March The federal government has assured on its commitment to sustain the private sector partnership, saying it was pertinent to drive Nigeria’s economy. Acting President, Professor Yemi Osinbajo stated this on Thursday at the Nigerian Stock Exchange (NSE) Lagos, Green bonds capital market investors conference

Business Capital Market

NSE declares Skye Bank, 14 other stocks ‘below listing standard’

Ihesiulo Grace 12 January 2017 0

The Nigerian Stock Exchange (NSE) has placed a ‘below-listing standard’ (BLS) tag on Skye Bank and 12 other stocks presumably to warn the public about investing in them. The other stocks are Afromedia, John Holt, African Alliance Insurance, Great Nigeria Insurance, Resort Savings & Loans, Universal Insurance Company, Aso Savings & Loans, Ekocorp, Ikeja Hotel, […]

Business Capital Market

Banking Stocks boosts market gains by 1.25 percent

Ihesiulo Grace 9 January 2017 0

The equities market on Monday sustained the gains garnered last Friday to post a growth of 1.25 percent in market indicators. The growth was prevalent on increasing bargain hunting in banking stocks, buoying the banking index that led other sector gainers with a growth of 4.04 percent. Other Sector gainers were the ASeM that grew 2.27 percent, […]

Business Capital Market

Equities market decline for third straight day records loss of N139.3bn

Ihesiulo Grace 6 January 2017 0

Nigerian Equities market closed in red yesterday for the third consecutive session of the week and the year 2017. The bearish run now costs N139.3 billion lost by investors in three days. Tracking the performance of the market, equities descended further as the Nigerian Stock Exchange’ All-Share Index (NSEASI) and Market Capitalization dropped 1.07 percent The ASI shed

Business Capital Market

Companies delisted from NSE to deter regulatory breach – Ugorji

Ihesiulo Grace 6 December 2016 0

The Nigerian Stock Exchange (NSE) has been commended for its sustenance of strict corporate governance and ensuring strict compliance to market rules. Vice President, Strategy & Corporate Services, FMDQ, Ms. Kaodi Ugorji gave the kudos recently in Badagry Lagos during an event with focus on boosting indigenous participation in the Nigerian capital market. She said […]

Capital Market

Investors move 511.6m shares worth N1.7b

Ihesiulo Grace 29 November 2016 0

Equities market investors traded a total of 511.6 million shares at the end of Tuesday’s trading session. The shares traded in 2,342 deals were worth N1.695 billion and represented a 153 percent growth from 202.4 million shares worth N1.616 billion and exchanged in 2,558 deals on Monday. However, market performance continued in a negative territory as the All […]

Business Capital Market

Equities Market kicks off week with 40 percent volume growth

Ihesiulo Grace 29 November 2016 0

The volume of shares traded on the Nigerian Stock Exchange (NSE) appreciated by 40.4 percent to settle at 202.4 million units, as the market opened the week with further price losses yesterday. The shares traded in 2,558 deals were valued at N1.616 billion compared to 144.2 million units valued at N2.143 billion and exchanged in […]

Capital Market

NSE Suspends Trading of Ikeja Hotel Shares

Ihesiulo Grace 14 November 2016 0

The Nigerian Stock Exchange (NSE) has suspended the trading of Ikeja Hotel Plc shares in a bid to safeguard the investments of its shareholders. This is coming on the heels of continued dispute between the major shareholders which has negatively impacted on the Company’s governance structure. According to a report obtained by Daily Times from […]

Capital Market

MAN members to enlist on NSE

Ihesiulo Grace 20 October 2016 0

…to raise capitals for economic growth The President of the Manufacturers Association of Nigeria (MAN) Dr Frank Jacobs has confirmed that at least three of their members are currently working with the NSE on enlisting on the Exchange. According to him, The MAN’s move to collaborate with the Nigerian Stock Exchange (NSE) is fostered from the […]

Business Capital Market

NSE boss urges investors to take advantage of data for informed investment decision.

Ihesiulo Grace 18 October 2016 0

The CEO of the Nigerian Stock Exchange Mr. Oscar Onyema, has called on both domestic and foreign portfolio investors on the need to exploit market data for their benefits. The NSE boss whilst speaking at the first market data workshop organised in Lagos on Tuesday said “Our market data informs traders, investors, media and others in […]