Investors shift to penny stocks as decline continues
Investors appeared to be making strategic shift to dividend-hunting among low-priced stocks as the bearishness at the Nigerian equities market continued to mitigate share prices of most large and mid-cap stocks.
NSE opens February trading with N160 billion loss
In spite of an influx of unaudited 2019 full year results, trading on the nation’s bourse opened for February on a bearish posture, as investors’ sentiment remained weak.
Coronavirus: Chinese stocks plunge as markets reopen
Fears over the coronavirus have triggered a sharp fall in Chinese shares as markets reopened after the Lunar New Year holiday.
NSE: Market indicators extend losing streak, drop 0.27 per cent
Transactions on the Nigerian Stock Exchange (NSE) maintained a downward trend for the fourth consecutive trading day with the market indicators extending its losing streak by 0.27 per cent.
NSE unveils growth board for startups, SMEs to deepen nation’s capital market
Mr Oscar Onyema, NSE Chief Executive Officer, said at the official launch of the board in Lagos that the initiative was in line with the Federal Government’s diversification drive for economic growth and development.
Coronavirus: European stocks sink as virus sparks investor panic
Europe’s main equity markets plunged at the open on Monday, mirroring losses elsewhere on investor panic over the deadly coronavirus.
SEC: Our economy big enough for bigger capital market
The Acting Director-General of the Securities and Exchange Commission, Ms Mary Uduk, has said that Nigeria’s economy is big enough to accommodate a bigger and more attractive capital market.
SEC: Electronic offering‘ll reduce unclaimed dividends
Acting Director-General of the Securities and Exchange Commission, SEC, Ms. Mary Uduk has said that the introduction of electronic offering in the Nigerian capital market remains a major achievement that will help solve the problems of unclaimed dividends.
NSE: Trading defies inflation figure, index up 0.90 per cent
The Nigerian Stock Exchange (NSE) All-Share Index on Friday rose by 0.90 per cent in spite of rise in inflation rate recorded in December 2019.
NSE records first loss in 2020
The Nigerian Stock Exchange posted the first loss in 2020, dropping by 1.18 percent after 11 days of a consecutive uptrend.
Profit taking drags down equity performance by 1.2 percent
The equities market today (Tuesday) recorded the first profit taking after a long streak gain this month leading to a decline in a major performance index as the Nigerian Stock Exchange, NSE All Share Index declined by 1.2 percent or 118 bases points, bps.
Julius Berger, MTN, Dangote, others make Nigeria’s top 100 companies
Julius Berger Nigeria Plc has been ranked in the upper Top 100 Nigerian companies in terms of assets, revenue and profits in fiscal year 2018.
NSE optimistic on bullish market as equities’ return rises to N1.35 trillion
The Nigerian Stock Exchange (NSE) has expressed optimism that the current recovery at the stock market will be sustained. Its optimism is based on the improved macroeconomic conditions and favourable global economic outlook.
SEC: Market regulation now more efficient with technology
The Securities and Exchange Commission, SEC, has said that regulation of the market in a technology-driven era is now more efficient and that is why it is stepping up its use in regulation to ensure that investors in the capital market are adequately protected.
Market capitalisation gains N2.22 trillion in seven days
The market capitalisation of the Nigerian Stock Exchange (NSE) rose N2.22 trillion or 17.10 percent in seven trading sessions with the market maintaining an upward trend since the beginning of 2020.
Trading moderates on NSE, indices appreciate marginally by 0.07 percent
Transactions on the Nigerian Stock Exchange (NSE) moderated on Friday with the market indicators improving marginally by 0.07 per cent.
BUA Cement lists 33.86 billion shares on NSE, emerges third largest listed company
BUA Cement Plc achieved a feat on the Nigerian Stock Exchange (NSE) with the listing 33.86 billion ordinary shares at N35 per share, emerging as the third largest company on the bourse.
Asian shares rebound as US, Iran stand down, yen retreats
Asian stocks had their best session in weeks on Thursday, as the U.S. and Iran backed away from the brink of conflict in the Middle East and investors reversed their flight to safety.
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President Buhari appoints new NDDC interim chief
President Muhammadu Buhari has approved the enlargement of the Interim Management Committee (IMC) of the Niger Delta Development Commission (NDDC) from three to five.
World Bank approves six projects for Nigeria
It said the projects would also capture expansion of the digital economy to promote job creation and increase capacity of public and private sector on governance, social and environmental safeguards.
NFF denies appointing Daniel Amokachi as technical director
The Nigeria Football Federation has stated that Mr. Bitrus Bewarang remains the Technical Director of the football–governing body, and that at no time has the body called for applications from candidates for his position, not to talk of appointing anyone into the post.
Five top games to watch in Europa League this week
The Europa League knockout phase begins on Thursday, with VAR being introduced to Europe’s secondary club competition for the first time outwith the final for the last 32, first-leg ties. AFP Sport picks five games to watch this week
Child trafficking: NAPTIP nabs two suspects in Akwa Ibom
The National Agency for the Prohibition of Trafficking in Persons (NAPTIP) says it has apprehended two suspects for human trafficking in Akwa Ibom.
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President Buhari: Education advancement prerequisite for economic growth, human capacity development
President Muhammadu Buhari, said on Saturday, that only serious advancement in quality and affordable education at all levels, would guarantee collective drive to grow the economy of Nigeria and better the lives of its citizens.
Fire guts Delta university hostel
A midnight fire, on Friday, gutted a two-storey Post Graduate Hostel in Campus Three of the Delta State University, Abraka in Ethiope East Council Area of the state.
Osun governor presents N1.2 billion bonds to retirees
Gov. Gboyega Oyetola of Osun on Friday presented N1.2 billion bonds to retirees in the state.
Kanu parents’ burial: We’re not here to fight, but… – religious leader
An Igbo adherent of Judaism, Mazi Uziel Ben’Abraham, has said members of the religious community in the entire South-East are out to bury the late parents of the leader of the Indigenous People Of Biafra (IPOB), Nnamdi Kanu, His Royal Highness, Israel Okwu Kanu and his wife, Ugoeze Meme Sally.
Borno governor visits Kala-Balge, shares N100 millions to 10,000 households
Borno State governor, Professor Babagana Umara Zulum, spent the most part of yesterday in Rann, headquarters of Kala-Balge, Local Government Area, remotely located around a boarder between Nigeria, Cameroon linking to Chadian territory.