Business Capital Market

Market sentiment sustains bearish run as ASI sheds 0.87%

Ihesiulo Grace 6 February 2018 0

… performance measuring indices post decline The Nigerian equities market for the second consecutive day of the week continued its downtrends yesterday, as NSE-ASI shed -0.87%, fortified by losses recorded by all market performance measuring indices, following the recent sell-off in major

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 Capital Market

NSE ASI opens week on 0.51% gain as positive sentiment prevails

Ihesiulo Grace 16 January 2018 0

*FCMB 9.84% merged highest gainer, Eterna worst loser with 6.82% The Nigerian equities market opened the new week yesterday on sustained growth trajectory as the Nigerian Stock Exchange’s All- Share Index further gained 0.51 per cent. The growth was powered by gains recorded by highly capitalized stocks, which pitched demand against supply in the equities […]

Capital Market

Exchange explains full suspension on in 7UP shares

Ihesiulo Grace 16 January 2018 0

The Nigerian Stock Exchange (NSE0 has given explanation on the full suspension status placed on trading on the shares of 7Up Bottling Company (SBC) Plc last Friday. A statement signed titled: “7-Up Bottling Company Plc – Suspension of Trading in Shares “signed by Godstime Iwenekhai, Head, Listings Regulation Department and released by the NSE, disclosed […]

Business

NSE suspends trading in 7-Up shares

Ihesiulo Grace 15 January 2018 0

The Nigerian Stock Exchange, NSE, has announced the suspension of trading in shares of 7-Up Bottling Company Plc. According to a suspension notice dated January 12, the NSE said trading in the shares of 7-Up Bottling Company Plc has been placed on full suspension. The notice, signed by Godstime Iwenekhai, Head, Listings Regulation Department, said […]

Capital Market

Equities market sustains bullish run as NSE ASI gains 3.60%

Ihesiulo Grace 11 January 2018 0

…Conoil led gainers’ table, Guinness with 1.76% loss as worst performer The upbeat tempo of the Nigerian equities market was sustained on Wednesday, as optimism continued to drive investors’ sentiments, pitching demand for blue chip stocks against supply. The Nigeria equities market sustained its bullish run for the third consecutive trading session, gaining

Capital Market

NSE opens 2018 with 0.06% gain as 27 gainers emerge

Ihesiulo Grace 2 January 2018 0

Equities trading on the Nigerian Stock Exchange closed Tuesday, the first trading day in the year 2018 on a positive note, as NSEASI appreciated by 0.06 per cent to close at 38,264.79 basis points. This was in comparison with a 0.66% appreciation recorded in the previous session when ASI closed at 38243.19 basis points. The […]

Business

Linkage Assurance leads week’s 35 gainers

Ihesiulo Grace 24 December 2017 0

…as Dangote Sugar, 24 others record price depreciation 35 equities, led by Linkage Assurance, appreciated in price during the week ended 22nd December 2017, lifting the Nigerian Stock Exchange (NSE) All-Share Index and Market Capitalization by 0.22 to close the week at 38,522.14 and N13.709 trillion, respectively. The week ended with all other sectoral indices […]

Business Capital Market

NSE plans corporate governance certification for listed companies

Ihesiulo Grace 21 December 2017 0

…to roll out maiden CGRS results January A new board, Steering Board, charged with the responsibility of reviewing and endorsing all acts performed by other bodies and sub-committees of the Corporate Governance Rating System , CGRS, has been inaugurated by the Nigerian Stock Exchange, NSE. The NSE’s disclosure of the above information was conveyed in […]

Business

Zubair, Ag SEC DG, lauds CAMCAN over market growth

Ihesiulo Grace 11 December 2017 0

….pledges support to association The newly appointed acting Director General of the Securities and Exchange Commission, Dr. Abdul Zubair has lauded the Capital Market Correspondents Association of Nigeria (CAMCAN) for its contributions to a more resilient and steadily growing capital market. Zubair, who gave the welcome address at the 2017 edition of the annual

Business Capital Market

NSE rides into new week strong as investors gain N457bn in one week

Ihesiulo Grace 10 December 2017 0

With barely three weeks of trading activities till the end of the 2017 financial year, the domestic bourse (Nigerian Stock Exchange, NSE) has not relented in its positive performance, as it closed positive for the third consecutive week, with the Market Capitalization appreciating by N345 billion or 3.46 percent to close the week at N13.672 […]

Capital Market

NSE’s website ranked best among African Exchanges

Ihesiulo Grace 7 December 2017 0

The Nigerian Stock Exchange is now the highest ranked stock exchange website in Africa going by the latest Alexa rankings. The ranking placed NSE website (www.nse.com.ng) among the top 100,000 most popular websites in the world, ahead of 26 other African exchanges’ websites. Alexa, an Amazon Company, is regarded as one of the most authoritative […]

Capital Market

Stock market immune to FG, SEC, Oando crisis

Ihesiulo Grace 7 December 2017 0

…Appreciates for 6th consecutive session Trading activities on the floor of The Nigeria Stock Exchange have continued to soar higher over the last 6 trading sessions, resisting the scandal between the Securities and Exchange Commission (SEC), Oando and the Federal Government. In fact, the market has recorded a rapid growth as the All-Share Index has […]

Business

NSE consolidates gains as indices soar 1.37 per cent, ASI crosses 38,000pts

Ihesiulo Grace 6 December 2017 0

In consolidation of the growth achieved in the first trading session (Monday) in the month of December, the Nigerian stock Exchange market indices have further appreciated by 1.37 per cent on Tuesday December 5th 2017. The market capitalisation rose N181 billion on Tuesday to complement the N11 billion or 0.08 per cent growth recorded on […]

Business

Global Spectrum Joins NSE

Ihesiulo Grace 29 November 2017 0

….plans to grow profit by 200 per cent in 5 years An integrated oil & gas offshore support vessel services firm with operations in West Africa, was on Monday, November 27, 2017, listed on the trading platform of the Nigerian Stock Exchange (NSE). About 800 million ordinary shares of the company, Global Spectrum Energy Services […]

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 […]

Politics

Join politics to revolutionalise nation’s infrastructure, grow economy, engineers told

Ihesiulo Grace 12 November 2017 0

Members of the Nigerian Society of Engineers (NSE) have been advised to go into politics to provide direction in leadership, revolutionalise the nation’s infrastructure and ensure rapid economic growth. Mr Wale Adeniran, the Director, Human Resources, Flour Mills Plc, made the call on Saturday while speaking as a guest speaker at the 8th memorial lecture […]

Business Capital Market

Mixed corporate earnings drag NSE lead index 0.34% lower

Ihesiulo Grace 29 October 2017 0

Adesola Afolabi The Nigerian equities market closed negative for the second consecutive week, amid mixed corporate earnings, with the ASI shedding 0.34% w/w to 36,646.46 points. Losses prevailed across the Industrial Goods which closed the week ended 27th October 2017, 3.28 percent lower. The Insurance index towed similar line with a week decline of 3.08 […]

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 Headlines News

Oando Vs SEC: Oil firm flaunts court order to annul suspension, forensic audit

Ihesiulo Grace 26 October 2017 0

* Scandal, setback for economy Stakeholder Adesola Afolabi, Lagos The latest development in the Oando/SEC capital market drama that unfolded in September has taken a new twist as Oando announced that it has obtained a court order to annul the suspension placed on the sale of its shares by the Nigerian Stock Exchange (NSE) following […]