Tag: Nigerian Stock Exchange

Nigerian Stock Exchange completes conversion to public company

The Nigerian Stock Exchange (NSE) has received final approvals for its ongoing conversion from a mutual, member-owned company to a public limited liability company, paving the way for the public listing and trading of the shares of the Exchange in the nearest future. Nigeria’s apex capital market regulator, Securities and[Read More…]

Breaking: Nigerian Stock Exchange suspends six firms

The Nigerian Stock Exchange (NSE) has suspended trading in six companies over their inability to comply with extant corporate governance rules and best practices that mandate them to submit their financial statements within a specified period. The suspended companies include: FTN Cocoa Processors Plc; Medview Airline Plc; Niger Insurance Plc;[Read More…]

Third consecutive win: Nigerian Stock Exchange advanced by 0.1%

The Nigerian Stock Exchange again advanced by 0.1% on Thursday, making it the third consecutive win day this week. Specifically, the All-Share Index, ASI advanced by 33.28 basis points to close at 25,204.60 basis points, while the Market Capitalisation gained 18 billion Naira to close at 13,149 trillion Naira. Pertinently,[Read More…]

Nigeria stock market may end 2020 in red – Uwaleke

Uche Uwaleke, Professor of Finance and Capital Market, says the Nigerian Stock Exchange (NSE) will likely close 2020 in red, based on negative real GDP growth rate projections. Speaking to the News Agency of Nigeria, he said that the likely outcome was against the backdrop of negative real GDP growth[Read More…]

Nigerian Stock Exchange sheds N1.4 Trillion in 3 days on the back of falling oil prices and Coronavirus

The Central Bank of Nigeria held a consultative round table on Wednesday morning tagged “Going for growth 2.0”.  The roundtable comes a few days after “Black Monday”, a global fall in the price of equities after Russia and Saudi Arabia started an oil price war. In the US, the main[Read More…]

Nigerian stock exchange resumed trading with a marginal loss of 0.04 per cent

The Nigerian Stock Exchange (NSE) resumed trading for the month of December on Monday with a marginal loss of 0.04 per cent. Speficially, the All-Share Index lost 11.56 points or 0.04 per cent to close at 26,990.59 compared with 27,002.15 achieved on Friday. In the same vein, the market capitalisation[Read More…]

Access Bank Plc acquires Diamond Bank Plc

Nigeria’s tier-1 bank, Access Bank Plc has confirmed the acquisition of Diamond Bank Plc in a move to create Nigeria and Africa’s largest retail bank by customers in a deal worth more than $90 million. The deal, Access Bank, says will involve acquiring the entire issued share capital of Diamond[Read More…]

Nigerian Stock Exchange Loses N6.8bn Within 78mins of Buhari’s First Outing In Weeks

The Nigerian Stock Exchange(NSE) lost N6.87 billion within the first 78 minutes of President Muhammadu Buhari’s first appearance in 14 days, THECABLE reports. At the close of business on Thursday, the market capitalisation stood at N9,045,302,101,604.97. When the market opened on Friday, the stock exchange gained N30.66 billion, rallying at[Read More…]

Nigerian Stock Exchange Market Capitalisation Loses N180bn Tuesday

The Nigerian equity market on Tuesday depreciated further with the market capitalisation losing N180 billion due to persistent profit taking embarked upon by investors. The News Agency of Nigeria reports that market capitalisation lost N180 billion or 1.95 per cent to close at N9.075 trillion against N9.255 trillion recorded on[Read More…]

Nigerian Stock Exchange Capitalisation Down By N59bn

Activities on the Nigerian Stock Exchange (NSE) on Thursday, remained on a negative note due to unimpressive third quarter result declared by some companies. The News Agency of Nigeria (NSE) reports that the market capitalisation slipped further by N59 billion or 0.61 per cent to close at N9.567 trillion against[Read More…]