Tag: Capital Market

Nigeria stock market defies Q2 GDP, up by N33b
August 26, 2020 No Responses

Nigeria stock market defies Q2 GDP, up by N33b

Trading on the Nigerian Stock Exchange (NSE) on Tuesday sustained upward posture, in spite of a negative Gross Domestic Product (GDP) recorded in the second quarter of 2020. Speficially, the market capitalisation increased further by N33 billion or 0.25 per...
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Investors Stake N1.75b On Zenith Bank, FBN Holdings, Nigeria Breweries, Others
August 21, 2020 No Responses

Investors Stake N1.75b On Zenith Bank, FBN Holdings, Nigeria Breweries, Others

The Nigerian Stock Exchange (NSE) on Friday moved 158.62 million shares worth N1.75 billion exchanged in 3,194 deals.   This was in contrast with 179.55 million shares valued at N2.53 billion achieved in 3,055 deals on Thursday.   An analysis...
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SEC Canvasses More Stakeholders’ Engagements
August 21, 2020 No Responses

SEC Canvasses More Stakeholders’ Engagements

The Securities and Exchange Commission (SEC) is open to engagements with stakeholders as part of measures to foster new partnerships.  A press statement issued from the first virtual Capital Market Committee Meeting held on Thursday, quoted the Directo...
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SEC Nigeria Vows To Flush Out Illegal Operators
August 20, 2020 No Responses

SEC Nigeria Vows To Flush Out Illegal Operators

The new Director-General of the Securities and Exchange Commission (SEC), Dr Lamido Yuguda, on Thursday vowed to clamp down on illegal operators luring unsuspecting investors in the market.   Yuguda said  this in an address delivered at the first Capital...
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Market Capitalisation Extends Growth By N18b
August 20, 2020 No Responses

Market Capitalisation Extends Growth By N18b

Trading on the Nigerian Stock Exchange (NSE) maintained positive trend on Thursday for the third consecutive days, as its indices increased further by 0.13 per cent.   Specifically, the All-Share Index increased by 33.28 points 0.13 per cent to close...
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C&I Leasing To Float N10b Bond
August 19, 2020 No Responses

C&I Leasing To Float N10b Bond

C & I Leasing Plc has perfected plans to raise N10 billion from the capital market through bond issuance for debt refinancing and to boost capital structure.   Mr Andrew Otike-Odibi, the company’s Managing Director/Chief Executive Officer, disclosed thi...
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Market Capitalisation Recovers N2b
August 18, 2020 No Responses

Market Capitalisation Recovers N2b

The key market indices of the nation’s bourse on Tuesday rebounded marginally by 0.02 per cent, due to gains posted by 16 stocks.   Specifically, the All-Share Index rose by 3.82 points or 0.02 per cent to close at 25,136.49...
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Dollars Scarcity Worsens, Naira Drop To N480
August 18, 2020 No Responses

Dollars Scarcity Worsens, Naira Drop To N480

The scarcity of dollars at the parallel market on Tuesday in Lagos forced the Naira down to N480 to a dollar.   The News Agency of Nigeria (NAN) reports that the Pound Sterling and the Euro exchanged at N610 and N550, respectively.   Trading...
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Market Capitalisation Records N35b Loss
August 17, 2020 No Responses

Market Capitalisation Records N35b Loss

The Nigerian Stock Exchange (NSE) opened trading for the week on Monday with a loss of N35 billion, amid weak sentiments.   Market capitalwithion, which opened at N13.145 trillion inched lower by N35 billion or 0.27 per cent, to close...
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SEC Nigeria Holds 1st CMC Meeting In 2020
August 16, 2020 No Responses

SEC Nigeria Holds 1st CMC Meeting In 2020

The Securities and Exchange Commission (SEC) on Sunday announced that the first Capital Market Committee (CMC) meeting in 2020 is scheduled to hold from Thursday August 20 to Friday August 21, 2020.     A CMC Meeting planned for April 2020 could n...
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NSE Turnover Rises by 86.97%, Other Indices Down 0.15%
August 14, 2020 No Responses

NSE Turnover Rises by 86.97%, Other Indices Down 0.15%

The volume of shares traded on the Nigerian Stock Exchange (NSE) on Friday rose by 86.97 per cent, just as the market indices dipped by 0.15 per cent.   Specifically, investors traded 482.52 million shares valued at N4.52 billion in 3,897...
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MTN Nigeria Lifts Market Indices Further By 0.38 Per Cent
August 13, 2020 No Responses

MTN Nigeria Lifts Market Indices Further By 0.38 Per Cent

Transactions maintained upward trend on Thursday with the market indicators appreciating further by 0.38 per cent, amid MTN Nigeria gains.   Specifically, the All- Share Index rose by 95.49 points or 0.38 per cent to close at 25,236.97 compared with...
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SUNU Assurances Reports N1.2bn Profit
August 8, 2020 No Responses

SUNU Assurances Reports N1.2bn Profit

For the 2019 financial year, SUNU Assurances Nigeria Plc has announced N1.2 billion profit, compared to N914 million attained in 2018.  Speaking during the virtual 33rd Annual General Meeting of the compan...
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Ekiti Partners Ecobank On Women Empowerment, Others
August 7, 2020 No Responses

Ekiti Partners Ecobank On Women Empowerment, Others

    Ekiti State Government has partnered with Ecobank to ensure financial inclusion, women empowerment, micro credit loans and agency banking across communities in the state.   This was disclosed in Ado-Ekiti at the maiden edition Se’tigbo (Have You H...
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