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The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Stock market nosedives 0.14% as investors lose N16 billion

The effect of coronavirus, COVID-19, on Tuesday continued to ravage the stock market as its nosedived by 0.14 percent or 14 bases points, bps with investors losing N16 billion of their investment.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Nigeria equities investors lose N2.6 trillion in March

Amidst the coronavirus pandemic and its attendant effect on the economy, negative sentiments were reflected on the local equities market as investors lose N2.56 trillion in the month of March.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE market capitalisation loses N277 billion

Nigerian equities market on Monday opened trading for the week with a loss of N277 billion, amidst weak sentiments in the wake of weaker oil prices and Coronavirus pandemic.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE returns to negative posture, indices down by 0.05 per cent

Trading on the Nigerian equity market returned to negative territory on Wednesday with 0.05 per cent dip or losses in MTN Nigeria and six other stocks.G
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE extends filing of 2019 results

The Nigerian Stock Exchange has granted a 60-day grace period to companies for the submission of Audited Financial Statements due March 30, following disruptions by COVID-19.
Dangote Cement

Dangote Cement set to issue N300 billion bonds

The company, in a notice to the Nigerian Stock Exchange (NSE), on Monday, announced its inaugural issuance of bonds under its N300 billion shelf registration programme.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Nigerian stocks at eight-year low as coronavirus cases rise

Nigeria on Wednesday recorded eight confirmed coronavirus cases. On Thursday Lagos state confirmed four new cases, a local TV station said, quoting the Lagos state health commissioner said.
Nigerian Stock Exchange NSE

NSE market indicators record 0.12 per cent loss

Activities on the Nigerian Stock Exchange (NSE) opened for the week on Monday with a loss of 0.12 per cent, driven by investors’ sell-off of UBA, FBN Holdings and Lafarge Africa.
Stock markets in Asia were mixed Wednesday, after a day of rebound from a market plunge on worries over the oil market and a coronavirus outbreak.

Stocks mixed after day of rebound

Stock markets in Asia were mixed Wednesday, after a day of rebound from a market plunge on worries over the oil market and a coronavirus outbreak.
Nigerian Stock Exchange NSE

Nigeria stock market capitalisation drops further by N656 billion

Panic sell off continued on the Nigerian Stock Exchange (NSE) on Tuesday with the market capitalisation shedding N656 billion in what an expert attributed to fear of naira devaluation.
Saudi Aramco’s multibillion-dollar share sale, likely the biggest initial public offering (IPO) in history, is officially underway after the company formally announced its plans to list stock on the Kingdom’s stock exchange, the Saudi Tadawul.

Saudi leads Gulf as oil prices rebound

Stock markets in the energy-rich Gulf states made a strong rebound in opening trade Tuesday, led by the Saudi bourse which jumped 5.6 percent, as oil prices bounced after heavy losses.
Nigerian Stock Exchange NSE

NSE: Investors lose N329 billion amid coronavirus fear, fall in oil price

The Nigerian Stock Exchange (NSE) market capitalisation opened the week on Monday with a huge loss of N329 billion due to persistent fall in global oil price and rising cases of COVID-19.
Nigerian Stock Exchange NSE

Stakeholders hail NSE on demutualisation, list benefits

Capital market stakeholders have hailed the final approval given by members of the Nigerian Stock Exchange (NSE) to demutualise the exchange to become a profit-making and limited liability company, saying it will benefit the market and the economy.
Nigerian Stock Exchange NSE

NSE may trigger circuit breaker to check stock market plunge

There are indications that the Nigerian Stock Exchange (NSE) may trigger its index circuit breaker if the stock market continues to plunge, in order to protect investors.
The founder, Investment Banking and Trust Company (IBTC), Mr. Atedo Peterside, has identified macroeconomic stability, especially low inflation rate regime as a major panacea to attracting all types of investors into the Nigeria’s capital market.

Atedo Peterside: Why stock market is under persistent pressure

The founder, Investment Banking and Trust Company (IBTC), Mr. Atedo Peterside, has identified macroeconomic stability, especially low inflation rate regime as a major panacea to attracting all types of investors into the Nigeria’s capital market.
Egypt introduced exceptional measures on Sunday to make it easier for listed companies to buy treasury stocks, a move aimed at supporting the stock market following a sharp fall in world markets in the past few days.

Egypt issues new rules on buying treasury stocks in bid to support market

Egypt introduced exceptional measures on Sunday to make it easier for listed companies to buy treasury stocks, a move aimed at supporting the stock market following a sharp fall in world markets in the past few days.

SEC: New initiatives to reduce market time

The Securities and Exchange Commission, SEC, has embarked on a number of initiatives to address time to market and promote ease of doing business.
Mary Uduk - The Securities and Exchange Commission (SEC) has urged investors with multiple shareholding accounts to regularise such before December 31, 2019.

Official: SEC generates N194.48 million from penalties in 2019

The Securities and Exchange Commission (SEC) says it generated N194.48 million from penalties in 2019.

Recent Stories

A swarm of desert locusts flies over a ranch near the town of Nanyuki in Laikipia county, Kenya, February 21, 2020. REUTERS-Baz Ratner-File Photo

East Africa locust swarms gather as coronavirus curbs delay pesticides

Coronavirus-linked flight restrictions are hampering efforts to wipe out locust swarms on the verge of devastating crops in eastern Africa, the U.N. Food and Agriculture Organization (FAO) said.
Over 100 people have been arrested and arraigned at the Magistrate Court sitting in Port Harcourt, Rivers State over violation of the state government’s lockdown in some parts of the state capital following outbreak of Coronavirus.

Coronavirus lockdown: Over 100 arrested, arraigned in Rivers

Over 100 people have been arrested and arraigned at the Magistrate Court sitting in Port Harcourt, Rivers State over violation of the state government’s lockdown in some parts of the state capital following outbreak of Coronavirus.
Cameroon and Abia Warriors Goalkeeper Charles Tambe was reportedly shot in Apata area of Ibadan, Nigeria by hoodlums on Friday morning.

Abia Warriors goalkeeper shot, hospitalised in Ibadan

Cameroon and Abia Warriors Goalkeeper Charles Tambe was reportedly shot in Apata area of Ibadan, Nigeria by hoodlums on Friday morning.
Nkeiruka Onyejeocha

Coronavirus lockdown: Security agencies, task force should treat Nigerians with dignity – Reps deputy whip

The Deputy Chief Whip of the House of Representatives, Hon. Nkeiruka Onyejeocha on Friday urged security agencies and Task-Force set up by Federal and State Governments to treat people with dignity and respect as it is needless to stop people from getting coronavirus by harassing and shooting at them.
Medical charity Alima planned to open an emergency operating theatre this week in Burkina Faso, but the project has stalled because the country closed its borders before a surgeon and anaesthetist could fly in, its director told Reuters.

Medical aid marooned as Africa shuts borders amid coronavirus pandemic

Medical charity Alima planned to open an emergency operating theatre this week in Burkina Faso, but the project has stalled because the country closed its borders before a surgeon and anaesthetist could fly in, its director told Reuters.