News

Investors consolidate multiple accounts involving 4.82b shares

Ihesiulo Grace 15 September 2020 0

Securities and Exchange Commission (SEC) has consolidated 45,733 multiple accounts involving 4.82 billion shares under its multiple subscription window introduced to eliminate unclaimed dividends in the nation’s capital market. Mr Alhassan Suleiman, Deputy Director of SEC and Chairman, Multiple

News

NSE approves delisting of Continental Reinsurance shares

Ihesiulo Grace 8 January 2020 0

The Nigerian Stock Exchange (NSE) has  approved the delisting of Continental Reinsurance shares from the stock market, as it plans to transfer the various subsidiaries of the group to CRe Investments. The company is reviewing its operations, and part of its plan is the filing of an application for voluntary delisting from NSE daily official […]

Business

Guaranty Trust Bank dominates trading as 310.56m shares move

Ihesiulo Grace 19 October 2019 0

The Nigerian Stock Exchange (NSE) on Friday moved 310.56 million shares worth N4.99 billion in 2,825 deals. This was against 147.09 million shares valued at N2.89 billion traded in 2,347 deals on Thursday. FCT police parade 49 suspects over alleged robbery, kidnapping Guaranty Trust Bank dominated trading activities with 75.22 million shares worth N1.98 billion. […]

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 Capital Market Crime

Identity theft: SEC arraigns Man over sale of Nigerian Breweries shares

Ihesiulo Grace 31 October 2017 0

The zero tolerance stance on market infractions and fraud of the Securities and Exchange Commission (SEC), received yet another major boost Tuesday when Mr. Oyekun Akinsemoyin was arraigned before the Ikeja magistrate court 1 on charges of conspiracy, forgery, fraud and impersonation contrary to sections 412, 380 and 368 of the Lagos state criminal code. […]

Business News

Court fines EFCC N10m for freezing shares, stocks without court order

Ihesiulo Grace 23 October 2017 0

Andrew Orolua, Abuja. The Federal High Court in Abuja has awarded N10 million fine against the Economic and Financial Crimes Commission (EFCC), in favour of Alhaji Nasiru Dalhatu Bafarawa and his company Nasdal Baf Nig Ltd. The fine was imposed by the court on the anti graft agency as general damage for breaking its own […]

Business Capital Market

Oando shares remains on ‘full’ suspension- NSE

Ihesiulo Grace 20 October 2017 0

Afolabi Adesola The 48hour suspension, meant to elapse Friday 20th October 2017, placed on shares of Oando Plc has been extended till further notice. The Nigerian Stock Exchange General Counsel/ Head of Regulation, Tinuade Awe said on Friday that trading in the shares of Oando Plc will remain fully suspended on the Nigerian Stock Exchange […]

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 […]

Business Capital Market News

Suspended Oando assuages shareholders, to release offical statement soon

Ihesiulo Grace 19 October 2017 0

Afolabi Adesola Oando Plc has reacted to the suspension and forensic audit directives from Nigeria’s Securities and Exchange Commission (SEC). The energy firm in a statement released via the Nigerian Stock Exchange (NSE) late Wednesday noted that “The Company is currently reviewing subsequent correspondence received from the NSE and SEC and will provide a full

Capital Market

Zenith bank shares down 4.3% as investors shun 25k interim dividend

Ihesiulo Grace 15 August 2017 0

Three trading sessions after Nigeria’s top tier bank, Zenith Bank plc released its 2017 half year financial results, the bank’s share price have crashed by 4.3 per cent. Daily Times investigations can reveal. Although the top notch lender declared a 25 kobo interim dividend to reward shareholders after it reported a profit after tax increase […]

Business Capital Market

Investors trade N1.5 billion worth of shares.

Ihesiulo Grace 10 February 2017 0

Equities trading on the Nigerian Stock Exchange amounted to N1.5 billion yesterday, as investors moved 143.2 million shares in 2,551 deals. The All-Share Index (ASI) and market capitalization closed at 25,322.30 and N8.774 trillion, following a decline of 0.54 and 0.13 percent respectively. Mansard led the day’s nine appreciating stocks by 4.61 percent to close at […]

Capital Market

How Mobil’s stock soared 66% in two weeks

Ihesiulo Grace 5 December 2016 0

Mobil Oil Nigeria Plc’s shares have recorded a 66 percent appreciation in the last two weeks, as share price rose from N195 to N324 per share. Analysis showed that the increase represented a growth in investor’s worth rose from N70.3 billion as at 18th November 2016 to N116.9 billion, at 2nd December 2016. The growth, […]