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Investors Lose N4Bn As Bulls’ Hold On Market Weakens

Nigeria’s capital market trading session ended sluggishly on Tuesday with the market capitalisation dipping by N4 billion to N13.354 trillion as against preceding day’s bullish trend which pushed the capitalization value to N13.358 trillion. At the close of the day’s trading session, the Nigerian Stock Exchange’s (NSE’s) All-Share Index (ASI) dropped by 0.03 percent to […]

Economy News Extra Investments/Capital Market Latest News Political Economy

Nigeria’s Equity Market Upbeat, As Investors Gain N37Bn

Trading on the Nigerian Stock Exchange (NSE) floor ended positively on Friday as investors gained N37 billion following price appreciation in some blue chips. At the close of the day’s trading, the market capitalisation rose by 0.28 per cent to close at N13.350 trillion, up from the N13.313 trillion it closed the previous day. As […]

Economy News Extra Investments/Capital Market Latest News Political Economy

SEC Working on Crowdfunding Regulation – Uduk

The Acting Director General of the Securities and Exchange Commission (SEC), Ms. Mary Uduk, at the weekend hinted of arrangements being made by the commission to design a framework that would regulate the use of crowdfunding by small businesses to raise capital in the Nigerian Stock Exchange. Uduk, who gave this hint while interacting with […]

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DMO Lists Series II N15Bn Green Bond On NSE

The Debt Management Office (DMO) on Monday officially listed the Federal Government of Nigeria’s (FGN) Series II N15 billion Green Bond on the Nigerian Stock Exchange (NSE). The NSE, while announcing the listing, stated that the 7-year Green bond issued at coupon rate of 14.50% on June 13, 2019 would mature on June 13, 2026. […]

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Access Bank Announces Dual Listing Of Green Bond

Access Bank Plc has announced the dual-listing of a fully certified Green Bond on the FMDQ OTC Securities Exchange and the Nigerian Stock Exchange following the formal approval of the bond by the Securities and Exchange Commission (SEC). The lender, which just concluded its merger with Diamond Bank last weekend, explained that the Bond was […]

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Quoted Firms Get Oct 30 Deadline On Financial Statements’ Submission

By regulatory requirements, quoted companies on the Nigerian Stock Exchange (NSE) has up till tomorrow, October 30,  to submit their financial statements and reports for the third quarter of this financial year, failure to comply Taxafor which they would be sanctioned. Defaulting entities could face regulatory sanctions that range from N100,000 to N100 million. Under […]

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NSE Reclassifies E-Tranzact Plc’s Share Low Priced Stock

The Nigerian Stock Exchange (NSE) has announced the reclassification of E-Tranzact International Plc (ETranzact) from Medium Priced Stock to Low Priced Stock. The decision was in line with Rule 15.29: Pricing Methodology, Rulebook of The Exchange, 2015 (Dealing Members’ Rules). Under the rule, for upward or downward movements in price to occur on any Low […]

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Investors Lose N156Bn In Equities Market On Monday

Investors in the nation’s equity segment of the Nigerian Stock Exchange (NSE) lost N156 billion after the day’s trading session as 21 stocks, led by Nestle Plc, recorded share price losses. Specifically, the All-Share Index (ASI) contracted to 33 trillion points, indicating 426.22 absolute points or 1.25 percent depreciation to close at 33,611.69 as against […]

Investments/Capital Market Latest News

Equities Market Closes With 0.63% Growth In Indices

Trading in the nation’s bourse sustained a positive trend on Friday, with key market indices appreciating further with 0.63 per cent growth over the value recorded in the preceding day’s trading session, following gains by some blue chips. Specifically, the market capitalisation grew N81 billion or 0.63 per cent to close at N12.933 trillion against […]