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NSE: Guinness, PZ lowest performing stocks in October

Guinness Nigeria Plc emerged the lowest performing stock on the Nigerian Stock Exchange (NSE) for the month of October in percentage terms.

Aramco announces plans for giant stock market debut

Saudi Aramco said Sunday it will list on the Riyadh stock exchange in what could be the world’s largest IPO, underpinning Crown Prince Mohammed bin Salman’s ambitions to overhaul the kingdom’s oil-reliant economy.

NAICOM to indemnify investors of failed companies

Against the backdrop of ongoing recapitalisation of the insurance industry, the National Insurance Commission (NAICOM) has said it will indemnify investors of firms which failed to meet the recapitalisation exercise.
Nigerian Stock Exchange NSE

Analysts anticipate stock market rally after OMO restriction

The decision by the Central Bank of Nigeria (CBN) to restrict individuals and local firms, non-bank financial institutions inclusive, from investing in its open market operations (OMO) auctions may end up providing a welcome boost to one of the world’s worst-performing stock markets, the Nigerian Stock Exchange (NSE).

Saudi Aramco rolls out IPO next week

Saudi Aramco aims to announce the start of its initial public offering (IPO) on Nov. 3, three people with direct knowledge of the matter told Reuters, after delaying the deal earlier this month to give advisers time to secure cornerstone investors.
(FILES) In this file photo taken on November 4, 2016, the Twitter logo is seen on a sign at the company's headquarters in San Francisco, California. - Twitter reported on October 25, 2018, stronger-than-expected profits and revenues in the third quarter, igniting a strong rally in shares of the key social network. (Photo by JOSH EDELSON / AFP)

Twitter revenue hit by tech glitch, stocks fall

Twitter Inc posted worse-than-expected quarterly revenue and profit on Thursday, plagued by technical issues that hurt its advertising, and unusually low demand over the summer, sending its shares down about 20%.
The African Development Bank, AfDB, says it has approved a 70 million dollar loan for a road project in Ebonyi. The bank said on its website on Friday that it would provide $40 million, while its co-financier, the Africa Growing Together Fund (AGTF), would contribute $30 million for the project.

AfDB reveals finding on Nigeria’s aviation sector road map

The African Development Bank (AfDB) said it was willing to assist Nigeria develop its aviation sector road map put together in 2012.
Nigerian Stock Exchange NSE

Low liquidity: Capital market operators task SEC, NSE, others on local participation

The capital market stakeholders have called on Securities and Exchange Commission, Nigerian Stock Exchange and other stakeholders to formulate strategies that would boost local participation in the nation’s bourse.
(FILES) In this file photo taken on September 4, 2019 shows the logo of the US social networking website Twitter, displayed on a smart-phone screen, in Lille, northern France. – Several features on Twitter were down on October 2, 2019, the platform said, with users from Japan to the USA reporting they were unable to log in, use the mobile app or see direct messages.”We’ve been experiencing outages across Twitter and TweetDeck,” the social media giant said in a statement, without giving a reason for the disruption. “You might have had trouble Tweeting, getting notifications, or viewing DMs. We’re currently working on a fix, and should be back to normal soon.” (Photo by Denis Charlet / AFP)

Twitter slides on disappointing growth report

Twitter shares skidded Thursday as a quarterly update showed weaker-than-expected growth for the messaging platform.
Nigerian Stock Exchange NSE

NSE: Market capitalisation rebounds by N15 billion

The Nigerian Stock Exchange on Wednesday, recorded second gain in October with the market capitalisation increasing by N15 billion.
(FILES) In this file photo taken on August 31, 2017 a British one pound sterling coin, and a one euro coin, are arranged for a photograph in central London. – Sterling soared Thursday, October 17, 2019 within a whisker of $1.3, striking five-month peaks after the European Union reached a draft Brexit withdrawal deal with London. (Photo by Daniel SORABJI / AFP)

Pound falls before Brexit votes

The British pound fell Tuesday awaiting key Brexit votes on Prime Minister Boris Johnson’s withdrawal agreement bill.
Nigerian Stock Exchange NSE

Financial experts attribute Nigeria stock market lull to economic dislocations

Some financial experts on Monday attributed the incessant lull on the Nigerian Stock Exchange (NSE) to various economic dislocations in the country.
Nigerian Stock Exchange NSE

Nigerian Stock Exchange lists federal government N15 billion 7-year green bond

The Nigerian Stock Exchange (NSE) has listed the Federal Government of Nigerian (FGN) N15 billion Green Bond. The bond has a coupon rate of 14.50 per cent on June 13, 2019 and is due to mature on June 13, 2026.
A pedestrian walks past a stock indicator board for the Tokyo Stock Exchange being displayed in a window of a securities company in Tokyo on October 1, 2018. - Japanese shares powered to a new 27-year high on October 1 after the US and Canada clinched a long-awaited trade deal, but other Asian equity markets struggled in subdued holiday trading. (Photo by Martin BUREAU / AFP)

China joins Asian shares in cautious advance ahead of trade talks

Asian shares inched up on Tuesday, with Chinese shares making decent gains after a week-long holiday, though investors remained cautious over U.S.-China trade talks after President Donald Trump said a quick deal was unlikely.
Nigerian Stock Exchange NSE

Nigeria stock market indices slump further by 0.45 per cent

Activities on the nation’s bourse resumed for the week on Monday still on negative territory with crucial market indicators dropping further by 0.45 per cent.

SEC: Checklist review to promote capital market, efficiency

Acting Executive Commissioner Operations, SEC, Mr. Isyaku Tilde, stated this at the weekend at the engagement session with Association of Issuing Houses, Trustees and Solicitors on the commencement of checklist review.
Nigerian Stock Exchange NSE

NSE: All-Share Index drops to 26,000 mark again

The Nigerian Stock Exchange (NSE) All-Share Index on Friday lost 98.45 points or 0.36 per cent to close lower at 26,987.45 mark.
Nigerian Stock Exchange NSE

Nigerian equities continue decline with N112 billion loss

Nigerian equities continued on the downward trend yesterday as increased selloffs across the sectors pushed the overall market to a net loss of N112 billion. With the decline yesterday, quoted equities have lost N265 billion in the past two trading sessions.

Recent Stories

Deputy Chief Whip of the Senate, Senator Aliyu Sabi Abdullahi; Deputy Senate President, Ovie Omo-Agege; President of the Senate, Ahmad Ibrahim Lawan, and Chairman of Presidential Advisory Committee Against Corruption (PACAC), Prof. Itse Sagay, during the courtesy visit by PACAC to the Senate President at the National Assembly on Thursday, November 21, 2019.

Itse Sagay applauds Senate’s leadership for commitment to service

Chairman of Presidential Advisory Committee on Anti-Corruption (PACA), Prof. Itse Sagay, on Thursday applauded the leadership of the ninth Senate for its commitment to service of the country.
Deputy Chief Whip of the Senate, Senator Aliyu Sabi Abdullahi; Deputy Senate President, Ovie Omo-Agege; President of the Senate, Ahmad Ibrahim Lawan, and Chairman of Presidential Advisory Committee Against Corruption (PACAC), Prof. Itse Sagay, during the courtesy visit by PACAC to the Senate President at the National Assembly on Thursday, November 21, 2019.

Senator Lawan: Senate yet to receive request from President Buhari for Ibrahim Magu’s confirmation

President of the Senate, Ahmad Lawan, on Thursday said the Senate is yet to receive any formal request from President Muhammadu Buhari for confirmation of the Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Magu.

Edo new police commissioner reads riot act to criminal elements

The new Commissioner of Police deployed to the Edo State Police Command, CP Lawal Tanko Jimeta, yesterday, said he would be firm in carrying out his duty in order to ensure the safety of lives and property of the citizens of the state.
Chidi Izuwah

Federal government approves PPP projects worth $8 billion in eight years

Mr Chidi Izuwah, the Director-General, Infrastructure Concession Regulatory Commission (ICRC) has said that the Federal Government approved Public-Private Partnership (PPP) projects worth eight billion dollars between 2010 and 2018.
Power

Federal government to review ownership of electricity distribution companies

The National Economic Council, NEC, yesterday resolved to review the status of the ownership structure of the power distribution companies in the country.