Markets

Markets

Demutualisation: NSE Council approves share allocation of 78%, 22% between Dealing, Ordinary members

Iheanyi Nwachukwu Feb 11, 2020

 The Nigerian Stock Exchange (NSE) proposed demutualization has finally entered full gears, the scheme of arrangement seen by BusinessDay shows....

Markets

Equities Market: Bearish sentiments dominated last week

BusinessDay Feb 11, 2020

The domestic bourse sustained its bearish trend, trading down on four of the five trading days of last week. Thus,...

Markets

Eroding gains may end NSE brief reign as best performing stock market

Iheanyi Nwachukwu Feb 10, 2020

Nigeria stock market again kicked off this week on a negative note amid continued caution from investors. With this trend,...

Markets

NSE joins Financial and Information Services Association

Teliat Sule Feb 09, 2020

The Nigerian Stock Exchange (NSE) has announced that it has been appointed as an Executive Committee (EC) member of the...

Markets

Stock investors lost N239bn in one week

Iheanyi Nwachukwu Feb 07, 2020

The Nigerian Stock Exchange (NSE) All-Share Index (ASI) and market capitalisation depreciated by 2.69 percent and 1.61percent respectively to close...

Markets

NSE appointed executive committee member of Financial and Information Services Association

Iheanyi Nwachukwu Feb 07, 2020

The Nigerian Stock Exchange (NSE) has been appointed as Executive Committee (EC) member of the Financial and Information Services Association...

Markets

NSE, Meristem highlight benefits of Exchange Traded Funds 

Iheanyi Nwachukwu Feb 07, 2020

The Nigerian Stock Exchange (NSE) on Friday, February 7, 2020 hosted capital market stakeholders and members of the investing public...

Markets

NSE lists International Breweries 18.266bn shares

Iheanyi Nwachukwu Feb 07, 2020

The Nigerian Stock Exchange (NSE) has listed the International Breweries Plc’s Rights Issue of 18.266billion Ordinary Shares of 50 kobo...

Markets

Market rebounds as bulls show up on Custom Street

Iheanyi Nwachukwu Feb 06, 2020

The bulls staged welcome return at the Nigerian Stock Exchange (NSE) on Thursday February 6, which helped the Bourse halt...

Markets

NSE lists 2.261bn additional shares of Abbey Mortgage Bank

Iheanyi Nwachukwu Feb 06, 2020

The Nigerian Stock Exchange (NSE) on Thursday, February 6, 2020 listed additional 2.261billion ordinary shares of Abbey Mortgage Bank Plc....

Markets

SEC holds fourth budget seminar

BusinessDay Feb 06, 2020

The Securities and Exchange Commission (SEC) is set to host the 2020 edition of Budget Seminar. The theme of the...

Markets

Notore reports N2.04bn Q1 operating profit

Bala Augie Feb 06, 2020

Africa’s leading fertiliser and agro-allied company, Notore Chemical Industries Plc, has recorded N2.04billion operating profit in the first quarter (Q1)...

Markets

Divserfied product base spur Cadbury to growth as earnings surge 

Bala Augie Feb 06, 2020

While early earnings releases by consumer goods firms have been disappointing so far, Cadbury Nigeria Plc has bucked the trend...

Markets

CBN to issue N154.4bn NTB by Dutch auction next Thursday

Hope Moses-Ashike Feb 06, 2020

The Central Bank of Nigeria (CBN) will on Thursday, February 13, on behalf of the Debt Management Office (DMO) offer...

Markets

Stocks shed N380bn in three days as market tilts towards sell-side

Iheanyi Nwachukwu Feb 05, 2020

Nigeria’s listed stocks lost approximately N387billion in three trading days to Wednesday February 5, 2020 as the market activities continue...