Stock Market Archives — Page 8 of 38

March 11, 2021 No Responses

NSE’s Demutualisation Approval Excites Capital Market Operators

Stockbrokers have expressed optimism that the completion of the long-awaited Demutualisation of the Nigerian Stock Exchange (NSE) would herald a new vista in the nation’s bourse. The stockbrokers said this in an interviews with the News Agency of Nigeria (NAN)...

March 6, 2021 No Responses

Emefiele Woos Investors, Promises CBN’s Support

The Governor of the Central Bank of Nigeria (CBN) Mr Godwin Emefiele, has advised indigenous and multinational firms to consider the opportunities that Nigeria offers and begin to set up their manufacturing lines in Nigeria. Emefiele gave the advice at.....

March 5, 2021 No Responses

Nigerian Stock Market Extends Loss By N83b

The Nigeria Stock Exchange (NSE) on Thursday extended negative trend for the third consecutive trading session following sell pressure on Nigerian Breweries, Dangote Sugar Refinery and tier-1 banks. The All-Share Index on Thursday declined further by 157...

March 3, 2021 No Responses

Market Capitalisation drops Further By N123b

Transactions on the Nigeria Stock Exchange (NSE) closed on Tuesday on a negative note, due to price depreciation posted by Nestle and other 25 stocks. Consequently, the benchmark index declined by 233.81 or 0.59 per cent to 39,697.62 from 39,931.63...

February 26, 2021 No Responses

London Stock Exchange Lists Ecobank Nigeria’s $300m Bond

Ecobank Nigeria on Thursday opened the market at London Stock Exchange via a virtual ceremony to mark the listing of its five-year fixed rate senior unsecured US$300 million bond. Ecobank Nigeria, a subsidiary of Ecobank Transnational Incorporated, ...

February 18, 2021 No Responses

NTA To Display NSE Ticker Tape

Investors and viewers of the Nigerian Television Authority (NTA) stations will now be able to see the daily price information of securities trading on the Nigerian Stock Exchange (NSE). The NSE Chief Executive Officer, Mr Oscar Onyema, said this at...

February 12, 2021 No Responses

Market Capitalisation Recovers N167b

After days of persistent bearish trend, transactions on the nation’s bourse rebounded on Thursday by 0.78 per cent following buying interest in Dangote Cement. Specifically, the All-Share Index rose by 318.29 points or 0.78 per cent to close at 41,014....

January 30, 2021 No Responses

Ecobank Group Declares N630b Revenue In 2020

For the year December 31st, 2020, Ecobank Group recorded a revenue of over N630 billion, representing 7% growth when compared to N586.9 posted in the corresponding period of 2019. In its unaudited report submitted to the Nigeria St...

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 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...

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 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

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...