Tag: Stock Market

MasterCard on Sunday announced that its latest research shows that Small and Medium Enterprise (SME) confidence in Middle East, North Africa (MENA) is on the rise.  It said the rise was after facing unprecedented changes in the wake of the...

The Federal Government has commended the Nigerian Exchange (NGX) Limited for its efforts in ensuring that the Nigerian capital market (NCM) is deepened.   The Minister of Finance, Budget and National Planning, Dr. Zainab Ahmed, made the commendation ...

The FMDQ Securities Exchange Ltd. has approved the quotation of Mixta Real Estate Plc’s N1.02 billion Series 36 Commercial Papers (CP)  Issuance on its platform.  FMDQ in a statement on Monday explained that the offer was approved by FMDQ under...

By citybusinessnews@yahoo.com — Nigerian Exchange Limited (NGX) has launched an enhanced broker performance ranking report designed to provide detailed insight into the performance of Trading License Holders across asset classes and improve participatio...

Transaction on the Nigerian stock market returned to positive territory on Tuesday with investors’ net worth appreciating by N102 billion.  The bullish performance was due to investors’ buy interest in industrial goods, consumer goods and oil & ga...

The Central Bank of Nigeria (CBN) has concluded plans to increase the amount of foreign exchange allocated to banks to meet the requests of customers. This particularly relates to requests of travelers seeking foreign exchange for travel allowances, payment of...

FMDQ Securities Exchange Ltd on Wednesday approved the quotation of Union Bank of Nigeria Plc N2.58 billion Series 8 and N32.38 billion Series 9 Commercial Papers (CPs).  The Chief Executive Officer of the Bank, Mr Emeka Okonkwo, in a statement...

Sentiments on the nation’s bourse turned negative on Tuesday closing the first trading session in June with a loss of N12 billion, amid losses in Seplat and 16 others.  Consequently, the market capitalisation which opened for the month at N20.034...

Shareholders of NASCON Allied Industries Plc have approved a total dividend of N1.06 billion declared by the Board of the  company for the financial year ended December 31, 2020, amounting to 40kobo per share.  Speaking at the meeting, the Natio...

The Securities and Exchange Commission (SEC) has adopted the Nigerian Sustainable Finance Principles (NSFP) which was developed by the Financial Services Regulation Coordinating Committee (FSRCC) for Capital Market Operators (CMOs).   A statemen...

By citybusinessnews@yahoo.com — Me Cure Industries Limited commemorated the listing of its N3Billion bond with a digital Closing Gong Ceremony on Nigerian Exchange (NGX) Limited on Friday, 21 May 2021.  The debut listing was the ₦3 billion 5...

The Lagos State Commissioner for Commerce, Industry and Cooperatives, Mrs Lola Akande, has disclosed that the cooperative service capital base has increased to N33 billion in 2021.  Akande made this known on Monday in Lagos at the 2021 ministerial news...

For the first quarter ended March 31, 2021, Fidelity Bank Plc has recorded improvement in its financial performance.  Details of the unaudited results, released at the Nigerian Stock Exchange (NSE) show that Profit before Tax (PBT) grew by 53.9% from...