Business

UPDC to list N4.4bn bond on the NSE

Ihesiulo Grace 28 June 2018 0

UACN Property Development Company (UPDC) Plc has received regulatory approval to list its N4.355 billion bond on the Nigerian Stock Exchange (NSE). UPDC, a subsidiary of UAC of Nigeria (UACN) Plc, will be listing the N4.355 billion Series 1 Senior guaranteed fixed rate bond due 2023 under its

Capital Market

24 stocks decline as All Share Index falls 0.12%

Ihesiulo Grace 24 April 2018 0

A  decline in the share prices of 24 stocks listed on the Nigerian Stock Exchange (NSE) recorded on Monday, led to a dip in the All Share Index (ASI). The ASI closed 0.12 percent lower than its opening figures and closed at 40,763.93 points, bringing the year to date returns to 6.60 percent The Market […]

Business

First City Asset Management lists Legacy USD Bond Fund on on NSE

Ihesiulo Grace 24 April 2018 0

Legacy USD Bond Fund, a mutual fund managed by First City Asset Management Limited (FCAM) and registered with the Securities and Exchange Commission (SEC), is now listed on the Nigerian Stock Exchange (NSE). The Fund, which recorded an impressive 244.44 percent subscription in its Initial Public Offering (IPO), raised over US$6million. The IPO was, therefore, […]

Capital Market

CMC Meeting: SEC, NSE, CSCS others considers e-IPOs for Nigeria

Ihesiulo Grace 23 April 2018 0

A committee comprising of the Securities and Exchange Commission (SEC), Nigeria Stock Exchange (NSE), Central Securities and Clearing System(CSCS), and six other organisations have been set up to work out the modalities involved in issuing Electronic Initial Public Offers (e-IPOs) in Nigeria’s financial markets. An e-IPO is an application based and browser based software

Business

Investors gain N36.8bn as Oando, Courteville, Eterna lead gainers

Ihesiulo Grace 19 April 2018 0

The bulls had the upper hand at the equities segment of the Nigerian Stock Exchange on Thursday as the lead market indicator- The All Share Index closed in the positive region. Investors gained a total of N36.8 bn when market capitalization closed the day higher than previous session’s closing figure at N14.764 trillion The ASI […]

Headlines

Gains reversed on NSE as ASI drops 0.04%

Ihesiulo Grace 19 April 2018 0

Equities trading on the Nigerian Stock Exchange (NSE) reversed some of the gains garnered in the previous session as the All Share Index closed Wednesday 0.04 lower, at 40,772.26 points. The marginal loss recorded in the equities market was preceded by decline in the NSE Oil and Gas (-1.68 per cent), Industrial (-1.00 per cent) […]

Business

UBA Chairman Elumelu lauds NSE Premium Board, says listing is “progressive classification”

Ihesiulo Grace 18 April 2018 0

The Chairman of UBA Plc, Tony O. Elumelu has applauded the leadership of the Nigerian Stock Exchange (NSE) on the creation and the admittance of UBA to the NSE premium board. The Premium Board is the newly created platform for elite companies that meet the most stringent corporate governance and listing standards of the Exchange. […]

Headlines

Nigerian Stocks Exchange records uptrend as ASI add 0.63%

Ihesiulo Grace 18 April 2018 0

Equities trading on the Nigerian Stock Exchange (NSE) closed Tuesday on a positive note as the lead market indicator, the NSE All share Index (ASI) grew by 0.63 per cent to settle at 40,788.68 points. The day’s performance preceded by growth in the NSE Banking Index (+1.32 per cent), Industrial Index (+1.75) and consumer goods […]

Headlines News

Revealed: How Oando saga consumed 2 SEC DGs

Ihesiulo Grace 17 April 2018 0

* Market stakeholders raise eyebrows over non-release of probe panel’s report * Why ex-acting SEC DG was demoted – Finance Minister The ongoing saga between Oando Plc, the Securities and Exchange Commission (SEC) and the Nigerian Stock Exchange (NSE) has caught yet another leader of the commission in its fangs. Speaking with our correspondent at […]

Business

Four listed companies to join NSE Premium Board

Ihesiulo Grace 13 April 2018 0

Access Bank Plc, Lafarge Africa Plc, Seplat Petroleum Development Company Plc and United Bank for Africa Plc will on Monday, April 16, 2018 be migrated to the Nigerian Stock Exchange Premium Board. The migration which is sequel to these companies  applications and meeting the Exchange’s listing requirements for the board. This will bring the companies listed on the […]

Business

Nigeria bourse proposes amendments to rulebook on SPVs, calls for comments

Ihesiulo Grace 21 March 2018 0

The Nigeria Stock Exchange (NSE) is proposing additions to its rulebook of the listing of securities issued by special purpose vehicles (SPVs). The NSE said that though it currently has two SPVs listed on its Daily Official List, there are presently no specific rules for the listing of SPVs at The Exchange. A special-purpose vehicle […]

Business Capital Market

NSE ASI gains 0.04% as Zenith, FBNH emerged most transacted stocks

Ihesiulo Grace 13 March 2018 0

The Nigerian equities market on Tuesday gained 0.04 per cent, ostensibly closing flat at 43,073.45. The trend follows the gains in the Industrial and oil & gas names. A total of 407,961,780.00 million shares worth N6, 118,854,000.87 billion was transacted investors in 5,247.00 deals, as the market capitalization closed at N15, 408,803,226,873.60 trillion. BOND

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 […]

Business Capital Market

Equities market records biggest loss in March loses 1.51%

Ihesiulo Grace 7 March 2018 0

Nigeria’s equities market posted a loss of 1.51 per cent by the end of Wednesday’s trading session. The decline represents the biggest loss in the month so far as the All Share Index is down to 42,952.70 points. Analysts attribute the loss to investors booking profit on previous gains in major stocks. As a result […]

Capital Market

NSE partners UN to promote gender parity

Ihesiulo Grace 2 March 2018 0

For the fourth consecutive year, The Nigerian Stock Exchange, NSE, will join other global exchanges on March 8, 2018, to ring the bell for gender equality in celebration of the 110th International Women’s Day (IWD), at the Stock Exchange House, Marina, Lagos. Themed: “Press for Progress”, this edition of the celebration is aimed at motivating […]

Capital Market

Stock market begins in March with decline

Ihesiulo Grace 2 March 2018 0

The equities market started the month on a negative note, with the ASI closing lower by 1.12 per cent to 42,843.38, as investors took profit across major sectors. Accordingly, the Year-to-Date gain moderated to 12.03 per cent. The Industrial Goods, Banking, and Consumer Goods indices led the day’s decline with a 2.20 per cent, 1.14 […]

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 Features

NSE’s new pricing market enhancing methodology

Ihesiulo Grace 25 February 2018 0

THE Nigerian Stock Exchange, NSE, on 29th January , 2018 , commenced the implementation of the new pricing methodology of which the key point is that prices of equities can now fall from the per value price of 50 kobo to I kobo. This reflects that listed equities prices could decline to I kobo, yet […]

Business

SEC, NSE, CSCS rake N11.430bn in 2017 from share sales

Ihesiulo Grace 19 February 2018 0

A total of N11.43 billion accrued as earnings from the sales of shares to the three major players in the Nigerian equities in 2017, according to findings by business a.m. The Securities and Exchange Commission (SEC), the market regulator, the Nigerian Stock Exchange (NSE), the market platform provider and the Central Securities Clearing System (CSCS), […]

Business Capital Market

Market reverses as NSE ASI gains 1.11%

Ihesiulo Grace 14 February 2018 0

The bearish run of the Nigerian equities market reversed on Wednesday as investors take new position for dividend payments in expectation of release of 2017 financial year results by listed companies. The equities market rebounded after seven consecutive sessions of losses, with the ASI appreciating by 1.11% to 42,171.80 points, following bargain hunting. Accordingly, the