Tag: NSE

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…]

Nigerian Stock Exchange Loses N150bn After Buhari Announced He Would Seek Re-election

Nigerian stocks dropped to a three-month low, after President Muhammadu Buhari announced he would seek a reelection in 2019 Reuters News Agency reports that the stock market, which opened on a losing streak after Lafarge Africa announced a surprise 2017 loss, worsened its decline. The equity market fell near 40,000[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…]

Investors Lose N227.9bn On Nigerian Stock Exchange Market In Three Days

The fortunes of investors on the Nigeria Stock Exchange (NSE), yesterday, declined for the third consecutive day, resulting to N227.9 billion loss in the first three trading days of the year. Meanwhile, the Central Bank of Nigeria (CBN), yesterday, mopped up N172.8 billion excess cash from the banking system through[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…]

Under Buhari’s Watch, Foreign Investment Inflow To Nigeria Crashes By 45%

Foreign Portfolio Investment (FPI) inflow, which represents foreign wealth pumped into Nigerian economy through the capital market, has reduced by 45 per cent from N42.46bn in June to N23.43bn in July, the Daily Trust gathered. This development came shortly after the revelation made by the Vice President, Yemi Osinbajo, that[Read More…]

Nigerian Capital Market In Fifth Consecutive Day Slips Further By N250bn

Trading activities at the Nigerian Stock Exchange (NSE) for the fifth consecutive days on Friday, sustained a negative trend with the market capitalisation dropping by N250 billion. The News Agency of Nigeria (NAN) reports that the market capitalisation lost N250 billion or 3.0 per cent to close at N8.086 trillion[Read More…]

Dangote Announces N300 Reduction In The Price Of Cement

Dangote Cement has announced new pricing and marketing initiatives to stimulate building work across Nigeria by reducing its cement price by N300. According to information made available to the Nigerian Stock Exchange (NSE), yesterday, in Lagos, Dangote Cement would reduce the price of its market-leading 3X brand of cement in[Read More…]

National Salt Company Gets New Chief Executive

By Chris Nomjov National Salt Company of Nigeria Plc has notified the Nigerian Stock Exchange that its Board of Directors met on Tuesday 17 February 2015 and appointed Mr. Paul Edward Farrer as the new Managing Director of the company. The Company, quoted as NASVON, on the Nigerian Stock Exchange,[Read More…]

Further Delay In Passing PIB Will Affect The Economy- Nigerian Society Of Engineers

The Nigerian Society of Engineer (NSE) has said that any further delay in passing the Petroleum Industry Bill (PIB) into law will affect the economy. Engr. Isaac Olorunfemi, the President of the NSE gave this warning on Wednesday in Abuja at a world press conference to herald the World Engineering[Read More…]