Capital Market Archives — Page 33 of 60

December 31, 2020 No Responses

Experts Seek Friendly Monetary Policies To Sustain Stock Market Growth In 2021

As the nation’s bourse winds down for 2020 in green, capital market experts have called for an accommodative monetary policies to support economic growth. They said this in series of interview with the News Agency of Nigeria (NAN) in Lagos,...

December 25, 2020 No Responses

Group Implores CBN On Easy Forex Access For SMEs

The Association of Food and Agro Processors (AFAP) has appealed to Central Bank of Nigeria (CBN) to assist Small and Medium Enterprises (SMEs) to easily access foreign exchange for procurement of machinery. AFAP National President, Duro Kuteyi, made the ...

December 23, 2020 No Responses

Dangote Cement, UBA, Zenith Bank Sustain NSE Rally By N235b

The Nigeria Stock Exchange (NSE) on Tuesday recorded its seventh consecutive gain, appreciating further by N235 billion following buying interests in Dangote Cement, United Bank of Africa and Zenith Bank stocks. Specifically, the market capitalisatio...

December 18, 2020 No Responses

SEC Nigeria, FSD Africa Begin Master Plan Review

By ebosele@hotmail.com — The Securities and Exchange Commission, Nigeria (SEC Nigeria) and Financial Sector Deepening (FSD) Africa on Thursday announced the start of a joint review of Nigeria’s 10-year Capital Markets Master Plan (CMMP) as part of...

December 10, 2020 No Responses

Reps, SEC Reiterate Support For NSE

House of Representatives Committee on Capital Market and institutions and the Securities and Exchange Commission (SEC) have reiterated their support for the Nigerian Stock Exchange (NSE) for playing a critical role in Nigeria’s economic recovery and growth. ...

December 4, 2020 No Responses

Ecobank Group Report N461b Revenue In Nine Months

Ecobank Group made N461.2 billion revenue in nine months for the period ended 30th September 2020, representing nine per cent increase against the corresponding period of last year. In its audited report submitted to the Nigeria Stock Ex...

December 3, 2020 No Responses

NSE Begins Application Of 0.08% Stamp Duty On Securities Transactions Dec 7

The Nigerian Stock Exchange (NSE) has announced the revision of Stamp Duty on securities transactions to 0.08% from 0.075%, effective 7 December 2020. In a statement on Thursday, NSE explained that the change is necessitated by the classifica...

December 1, 2020 No Responses

Nigeria Stock Market Resumes December With N55b Gain

The Nigeria stock market on Tuesday sustained bullish sentiment to open the month of December with N55 billion growth due to buying interests in Tier 1 banks. Consequently, the market capitalisation rose by N55 billion or 0.30 per cent to...

November 29, 2020 No Responses

NSE Boss Tasks New Stockbrokers On High Standards

The Chief Executive Officer of the Nigerian Stock Exchange (NSE), Mr Oscar Onyema, on Saturday tasked newly qualified stockbrokers to uphold the highest ethical standards in their professional practice. Onyema, gave the advise in a statement issued &...

November 21, 2020 No Responses

Zenith Bank Declares N509b Gross Earnings In Nine Months

For the third quarter ended September 30, 2020, Zenith Bank Plc has reported a gross earnings of N509 billion,compared with N491 billion achieved in the corresponding period in 2019. In the unaudited results released by the Nigerian Stock Exchange (NSE)...

November 21, 2020 No Responses

Sterling Bank Lifts Trading Income By 265% In Q3

Sterling Bank Plc has reported a trading income of N7.1 billion for the 2020 third quarter (Q3) ended September 30, compared with N1.9 billion achieved in the corresponding period in 2019. Managing Director and Chief Executive Officer of the bank,...

November 20, 2020 No Responses

Unclaimed Dividend: ICSAN Urges Review Of Finance Bill

The Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN) has called for review of Section 39 of the Finance Bill 2021 over its provision for take-over of unclaimed dividends of public listed companies. ICSAN President, Bode Ayeku made the.....

November 19, 2020 No Responses

Market Capitalisation Drops By N91b

Transaction on the Nigerian Stock Exchange (NSE) closed bearish on Thursday with the market capitalisation losing N91 billion due to profit-taking on banking stocks. Specifically, the market capitalisation which opened at N18.19 trillion shed N91 billion...

November 19, 2020 No Responses

NSE Members Approve Listing By Introduction

The Nigerian Stock Exchange (NSE) on Wednesday received members approval for listing by introduction at its 59th Annual General Meeting held in Lagos. President of the National Council of NSE, Otunba Abimbola Ogunbanjo, explained that the appro...