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.
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.
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.
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
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 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.
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.
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.
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.
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 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.
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.
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.
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.
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 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.
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.
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