Markets

Nigeria’s Securities and Exchange Commission (SEC) has warned unregistered investment-tech platforms to desist from offering foreign securities to Nigerians.

The Securities and Exchange Commission on Thursday warned the investing public to tread with caution as there are several unregistered online investment and trading platforms facilitating access to trading in securities listed in foreign markets.

The Nigerian Stock Exchange says Oscar Onyema has completed his tenure as its chief executive officer after spending 10 years in the saddle.

The Nigerian stock market resumed after the Easter public holidays on Tuesday with a loss of 0.39 per cent due to persistent bearish trend.

FMDQ Securities Exchange Limited has disclosed that the federal government could leverage derivative product to hedge against crude oil price volatility, just as the global gross market value of Over the Counter, OTC derivative market hits $15.5 trillion in first half 2020, H1’20.

GameStop Corp on Monday increased the value of new stock it may sell from $100m to $1bn, as the United States video game retailer seeks to capitalise on a surge in its shares from a Reddit-driven rally this year.

Investors on the Nigerian equities market yesterday lost N118 billion as the market reversed its previous session gains on renewed profit-taking.

The Securities and Exchange Commission (SEC) has cautioned potential capital market investors against putting their monies in fraud schemes that promise unwarranted high returns.

In a bid to ensure a vibrant commodities trading ecosystem, which would in turn boost foreign exchange earnings for the country, the Securities and Exchange Commission (SEC) has released new rules covering warehousing and collateral management, among others.

Determined to curb reported cases of unethical practices in the capital market, the Securities and Exchange Commission (SEC) has re-introduced the periodic renewal of registration by Capital Market Operators (CMOs).

The NSE All-Share Index and Market Capitalisation depreciated by 0.69% to close the week ended March 19, 2021 at 38,382.39 and N20.082trillion respectively.

The authorization for the Nigeria Stock Exchange (NSE) to list at the Exchange will deepen the market and boost the economy, Mr. Boniface Okezie, a Capital Market Operator, says.

FMDQ Securities Exchange recently approved the listing of the Fidelity Bank Plc Series 1N41.21billion Fixed Rate Subordinated Unsecured Bond under its N100.00billion Bond Issuance Programme to its platform.

Key indicators of the Nigerian Stock Exchange closed on Friday with a loss of 0.13 per cent, as turnover volume increased by 73.59 per cent.

The Nigerian Stock Exchange (NSE) has received final approvals of its demutualisation plan from the Securities and Exchange Commission (SEC) and Corporate Affairs Commission (CAC) leading to the completion of the exchange’s demutualisation process.

Former Director-General of the Nigerian Stock Exchange (NSE), Prof. Ndi Okereke-Onyuike, has called on more females to take a profession in the nation’s securities market.

The Chief Executive Officer, Nigerian Stock Exchange (NSE), Mr. Oscar Onyema, on Monday restated the exchange’s commitment to the implementation of various initiatives aimed at promoting gender diversity and empowering women.

Nigeria’s leading agro-allied company, Notore Chemical Industries Plc, has notified the Nigerian Stock Exchange, its shareholders and the general public of changes to its management.

FMDQ Securities Exchange Limited has through its Board Listings, Markets and Technology Committee, approved the Registration of the Fidson Healthcare Plc ₦10.00 billion Commercial Paper Programme on its platform.

MTN Nigeria, on Monday, released its audited results for the financial year ended 31 December 2020, where it raked in N1.3 trillion service revenue in the last fiscal year, which is a 14.7 per cent increase in revenue.

The FMDQ Securities Exchange Limited has announced the registration of the Parthian Partners Limited ₦20.00 billion Commercial Paper (CP) Programme to its platform.

The Executive Chairman, Federal Inland Revenue Service (FIRS), Alhaji Muhammad Nami, has said the demutualisation of the Nigerian Stock Exchange (NSE) will promote access to diverse investment opportunities and strengthen investors’ confidence in the capital market.