Capital Market Archives — Page 34 of 62

February 15, 2021 No Responses

Fidelity Bank Issues N41.2b Tier II Local Bonds

Fidelity Bank Plc has successfully issued 10 years N41.21 billion in fixed rate unsecured subordinated bond at 8.5 per cent coupon rate due 2031. In a statement on Sunday, Fidelity Bank Chairman, Mr Mustapha Chike-Obi, explained that the bond issuance...

February 11, 2021 No Responses

Market Capitalisation Loses N426b

The bears continued to dominate trading on the Nigerian Stock Exchange (NSE) on Wednesday with investors losing N426 billion in about six hours of trading. Consequently, the market capitalisation which opened at N21.715 trillion shed N426 billion or 1.96...

February 10, 2021 No Responses

Stockbrokers Project Positive Outlook For Nigerian Capital Market In 2021

Participants at the annual economic review of the Chartered Institute of Stockbrokers (CIS) on Tuesday projected a positive outlook for the Nigerian capital market and the economy in 2021. They also identified certain factors that must be addressed to achieve....

February 6, 2021 No Responses

Briclinks Africa Lists on NSE Growth Board

The Nigerian Stock Exchange (NSE) on Friday admitted Briclinks Africa Plc to its Growth Board in a listing by introduction of 10 million (10,000,000) ordinary shares of ₦1.00 each at ₦6.26 per share. The listing was commemorated with a digital C...

January 29, 2021 No Responses

CBN Commits N50b To Reposition Nigeria’s Commodity Exchange

The Central Bank of Nigeria (CBN) is committing N50 billion to reposition the Nigeria Commodity Exchange (NCX), CBN Governor, Mr Godwin Emefiele, has said. Emefiele, who disclosed this, on Thursday, at an inaugural meeting of the Steering Committee ...

January 28, 2021 No Responses

Market Capitalisation Extends Growth By N181b

For the third consecutive day, transactions on the Nigerian Stock Exchange closed positive on Wednesday, appreciating further by 0.83 per cent. At the end of the day’s transaction, the All-Share Index increased by 346.79 points or 0.83 pe...

January 28, 2021 No Responses

CBN Disburses N554b To Two Million Farmers

The Central Bank of Nigeria (CBN) has disbursed N554.61 billion to 2, 849,490 farmers to boost food security under its Anchor Borrowers Programme (ABP) beginning from 2015. In a communique issued in Abuja on Wednesday, Mr Godwin Emefiele, the CBN...

January 27, 2021 No Responses

Renewed Interest In Airtel, Flour Mills, Lafarge Lift Market Capitalisation To N21.7trillion

The Nigerian Stock Exchange on Tuesday extended growth by N259 billion following interest in Airtel Africa, just as the Monetary Policy Committee (MPC) retained the Monetary Policy Rate (MPR) at 11.5 per cent. Specifically, the market capitalisation which open...

January 27, 2021 No Responses

MPC: Experts Laud CBN’s Rates Retention

The Association of Capital Market Academics of Nigeria (ACMAN), on Tuesday said that rates retention by the Monetary Policy Committee (MPC) was in line with market expectations. ACMAN President, Prof. Uche Uwaleke, disclosed this in an interview with the News....

January 23, 2021 No Responses

CBN Flays Continued Remittances In Naira

The CBN has expressed displeasure over continued diaspora remittances into the country in Naira, instead of dollars, by International Money Transfer Operators (IMTOs) and unlicensed companies, contrary to its directives. Dr O.S. Nnaji, Director Trade and Excha...

January 20, 2021 No Responses

Nigeria Raises N2.36tri From Capital Market

The Federal Government of Nigeria dominated capital raising at the fixed income segment of the Nigerian Stock Exchange (NSE) in 2020, raising over N2.36 trillion. The Chief Executive Officer of NSE, Mr Oscar Onyema, said this at the 2020 market...

January 16, 2021 No Responses

Flour Mills, MTN Nigeria, Presco Top Gainers‘ Table As Market Capitalisation Recovers N112b

Transactions on the floor of Nigerian Stock Exchange (NSE) sustained positive outlook on Friday with the All-Share Index crossing 41,000 mark. At the end of the day’s transactions, Flour Mills led the gainers’ table, gaining N2.80 to close at N...

January 12, 2021 No Responses

Renewed Investors’ Interest Lift Market Capitalisation To N20.99trillion

Transactions on Nigerian Stock Exchange (NSE) resumed on Monday on a positive note following investors’ interest in medium and large capitalized stocks. Specifically, the All-Share Index increased by 30.56 points or 0.08 ...

January 9, 2021 No Responses

Demutualisation: NSE Inaugurates Claims Review Panel

Ahead of its demutualisation, the Nigerian Stock Exchange (NSE) has inaugurated a ‘Claims Review Panel’, pursuant to the provisions of the NSE Demutualisation Act 2018. NSE President, Otunba Abimbola Ogunbanjo in a statement on Friday explained that&n...