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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

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Low liquidity: Capital market operators task SEC, NSE, others on local participation

Ihesiulo Grace 24 October 2019 0

Lagos – The capital market stakeholders have called on Securities and Exchange Commission (SEC), Nigerian Stock Exchange (NSE) and other stakeholders to formulate strategies that would boost local participation in the nation’s bourse. The capital market stakeholders made this call during an interview with News Agency of Nigeria (NAN) in Lagos, while reacting to

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NSE: Equities market rebounds, gains N133bn mid-week

Ihesiulo Grace 19 September 2019 0

Following two consecutive trading days losses, the equities segment of the Nigerian Stock Exchange (NSE) rebounded on Wednesday from the negative experience to gain N133 billion. The gain of the day doused the loss recorded in the preceding two sessions when the market shed N100 billion and N81 billion on Monday and Tuesday respectively. Specifically, […]

Business

Sell-offs in MTN Nigeria, other shares down ASI by 0.25%

Ihesiulo Grace 6 September 2019 0

Motolani Oseni Sell-offs in MTN Nigeria, Lafarge Wapco shares, others on the Nigerian Stock Exchange (NSE) down the All-Share Index (ASI) by 0.25 per cent in the yesterday trading session. The All Share Index (ASI) decreased by 0.25 per cent or 67.55 basis points to close yesterday at 27,252.09 basis points as against 27,319.64 basis […]

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Fidelity Bank posts N103.7bn gross earnings in H1 2019

Ihesiulo Grace 2 September 2019 0

Temitope Adebayo Fidelity Bank Plc has reported an increase in gross earnings to N103.7 billion for the first half of 2019 from N92.3 billion recorded in the same period of 2018. The audited result of the bank for the period ended June 30, 2019, released at the Nigerian Stock Exchange (NSE) showed that despite the […]

Business

NSE: Equities market gains N403bn in one week

Ihesiulo Grace 26 August 2019 0

Temitope Adebayo Investors in the equities market of the Nigerian Stock Exchange (NSE) at the close of last week trading activities gained N403 billion in five trading days as high –mid capitalised shares recorded bargain-hunting. Market statistics obtained by our correspondent showed that market capitalisation increased by 3.25 per cent to N13.524 trillion from N13.121

Business

NSE reacts positively to ministers’ inauguration as indices gain N135bn

Ihesiulo Grace 23 August 2019 0

Motolani Oseni The equities segment of the Nigeria Stocks Exchange (NSE) has reacted positively to the inauguration of the new ministers’, as market capitalisation gained N135 billion or 1.01 per cent to close at N13.441 trillion against N13.306 trillion recorded on Wednesday. Also, the All-Share Index which opened at 27,352.94 rose by 276.72 points or […]

Business

NSE deepens debt market to N12. 5trn

Ihesiulo Grace 7 August 2019 0

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 from the Exchange as at July 2019. […]

Business

Equities market sheds 0.35% amid sell pressure

Ihesiulo Grace 26 July 2019 0

Temitope Adebayo The equities market of The Nigeria Stock Exchange (NSE) on Thursday sustained its bearish run, shedding 0.35 per cent due to sell pressure. For instance, the All-Share Index (ASI) declined by 98.13 points, representing a dip of 0.35 per cent to close at 27,990.61 points. Also, the market capitalisation which opened at N13.689 […]

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FG may redesign 2nd Niger Bridge to prevent suicide

Ihesiulo Grace 15 July 2019 0

The Federal Controller of works in Anambra, Adeyemo Ajani, gave the hint when he took members of the Abuja branch of the Nigeria Society of Engineers (NSE) on an inspection at the Ogbaru site of the 2nd Niger Bridge project in Onitsha on Saturday July 13th. “What we have on the walk lane is our […]

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NSE clarifies concerns on MTN premium listing

Ihesiulo Grace 21 May 2019

The Nigerian Stock Exchange (NSE ) has explained the concerns being raised regarding the unavailability of shares of MTN Nigeria Communications Plc in the secondary market. The Exchange in a statement made available to Vanguard Tuesday stated: ” Attention has been drawn to a few critical issues raised in various print and social media platforms […]

Business

NSE: Market capitalisation sheds N36bn amid major stocks price fall

Ihesiulo Grace 26 March 2019

…As GTBank emerges most traded stock Temitope Adebayo As equity transactions at the Nigerian Stock Exchange (NSE) opened for the week on Monday, the market capitalisation dipped by N36 billion or 0.31 per cent, amid price losses by major stocks. At the close of yesterday trading activities, the market capitalisation closed at N11.576 trillion, lower […]

Business

NNPC, APWEN award 21 females scholarship to university levels

Ihesiulo Grace 1 March 2019 0

The Association of Professional Women Engineers of Nigeria (APWEN), in conjunction with the Nigerian National Petroleum Corporation (NNPC), has awarded scholarships to 21 female pupils of Misau, in Bauchi State. The award which was part of APWEN’s ‘Invent It, Build It’ event, which was targeted at igniting a passion for the engineering profession in young […]

Business

21 females get APWEN scholarship awards to university levels

Ihesiulo Grace 1 March 2019 0

The Association of Professional Women Engineers of Nigeria (APWEN), in conjunction with the Nigerian National Petroleum Corporation (NNPC), has awarded scholarships to 21 female pupils of Misau, in Bauchi State. The award which was part of APWEN’s ‘Invent It, Build It’ event, which was targeted at igniting a passion for the engineering profession in young […]

Business News

Unity Bank leads other stocks in NSE top gainers

Ihesiulo Grace 21 November 2018 0

Although the benchmark index at the Nigerian Stock Exchange (NSE) closed in the red last week, Unity Bank Plc emerged as the best performing stock, appreciating by 30.99 per cent. Market information from the NSE showed that the Unity Bank stock opened at N0.71 and closed at N0.93, representing an increase of N0.22. With the […]

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 2018. The investigations showed that the management and board of […]

Business

NSE records 151.346m shares worth N1.51bn

Ihesiulo Grace 5 October 2018 0

A total of 151.346 million shares valued at N1.51 billion were traded in 2,356 deals on the Nigerian Stock Exchange (NSE) on Thursday. This was against the 136.731 million shares worth N1.43 billion traded in 2,801 deals on Wednesday, representing 10.69 per cent increase in volume respectively. This development means that the market capitalisation depreciated […]

Business Headlines

NSE: 10 firms record N1.37trn equities in 9 months

Ihesiulo Grace 4 October 2018 0

No fewer than 10 firms listed on The Nigerian Stock Exchange (NSE) traded N1.37 trillion values of equities in nine months, ended September 28, 2018. The firms include Stanbic IBTC Stockbrokers Limited; Rencap Securities (Nig) Limited; CSL Stockbrokers Limited; EFCP Limited; FBN Securities Limited and Chapel Hill Denham Securities Limited. Others are Cordros Securities

Business Headlines

How equities market investors lose N1.66trn in 9 months

Ihesiulo Grace 1 October 2018 0

Despite an early impressive price appreciation in leading blue chips companies listed on the Nigeria Stock Exchange (NSE), investors’ in the equities market have recorded total drop of N1.66 trillion on their investment in last nine months of 2018. The Daily Times checks showed that the equities market capitalisation, a parameter used in measuring the […]

Business News

Diamond Bank drives growth with 3m digital customers in Q2

Ihesiulo Grace 31 July 2018 0

Diamond Bank has released its second quarter unaudited financial report for the period ended June 30, 2018 to the management and stockbrokers of the Nigerian Stock Exchange (NSE), emphasising its strong focus on the Nigerian market, especially the retail business segment through its digital penetration strategy. The report showed that the Bank’s digital strategy is […]