Stock Exchange – Page 7 – City Business News

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 opened at...

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 9, 2021 No Responses

NSE Market Capitalisation Loses N246b

The bears dominated trading activities on the Nigerian Stock Exchange (NSE) on Friday with the market capitalisation losing N246 billion in six hours of trading. Specifically, the market capitalisation, which opened at N21.224 trillion shed N246 billion ...

January 7, 2021 No Responses

Demutualisation: NSE Announces Chief Executives For Emerging Entities

The National Council of the Nigerian Stock Exchange (NSE) has announced the chief executives that would head its operating and non-operating companies upon the completion of its demutualisation programme. This is contained in a notice issued the&nbs...

December 24, 2020 No Responses

NSE Market Capitalisation Crosses N20tr Mark

Trading activities on the Nigerian Stock Exchange (NSE) sustained positive mood on Wednesday for the eighth successive session, with the market capitalisation crossing the N20 trillion mark. The sustained rally was as a result of buying interests in some...

December 23, 2020 No Responses

Seplat, Waltersmith Seals Crude Purchase Agreement

Seplat Petroleum Development Company Plc, listed on both the Nigerian Stock Exchange and the London Stock Exchange, has signed a Crude Purchase Agreement (CPA) with Waltersmith Petroman Oil Limited. According to Seplat, the CPA is for the supply of between...

December 23, 2020 No Responses

BUA Cement Opens Three Additional Production Lines

BUA Cement Plc on Tuesday notified the Nigerian Stock Exchange (NSE), shareholders and the investing public of its plans to build three additional production lines in Adamawa, Edo and Sokoto states. The company disclosed this in a notice titled, ‘Notificatio...

December 7, 2020 No Responses

Photo News

L-R: Mr Oluwole Adeosun CEO Chartwell Securities and Vice President CIS; Mr Seyi Owotoro, President ICMR; Mrs Chinyere Joel-Nwokeoma, Chairman Capital Market Correspondents Association of Nigeria; Ms Jumoke Olaniyan, Vice President Market Architecture FMDQ Sec...

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 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 18, 2020 No Responses

SEC Tasks FG, States On Privatisation

Privatisation presents enormous potential to serve as alternative funding source for both the Federal and State Governments if properly harnessed, the Securities and Exchange Commission (SEC) has said Director-General of SEC, Mr Lamido Yuguda, stated this...

November 17, 2020 No Responses

Market Capitalisation Loses N279b

For the second consecutive days on Tuesday,transactions on the Nigerian Stock Exchange (NSE) closed southward with market capitalisation dropping N279 billion on continuous profit taking. The market capitalisation dipped N279 billion or 1.53 per cent...