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.
Oil, gold prices soar, equities tumble as Donald Trump tweets war
Oil prices surged, gold hit a more than six-year high and most equities tumbled Monday after the US assassination last week of a top Iranian general fanned fears of a major conflict in the Middle East.
Trading sustains upward trend on NSE, market capitalisation crosses N13 trillion mark
The market capitalisation of the Nigerian Stock Exchange on Friday sustained a positive trend, crossing to N13 trillion mark on the second trading day of 2020.
Chinese shares closed mixed on Friday
Major Chinese stock indices on Friday ended mixed, with the benchmark Shanghai Composite Index down 0.05 per cent, at 3,083.79 points.
Asian shares stumble, oil, gold up
Asian shares slipped on Friday, erasing early gains, while gold shone and oil prices spiked after U.S. airstrikes in Iraq killed a top Iranian commander, heightening geopolitical tensions.
SEC: Master plan initiatives make capital market attractive
The Securities and Exchange Commission, SEC, said the various initiatives being implemented in the 10-year capital market master plan have made the capital markets more attractive to investors.
Discover effective methods of prediction in the Forex market
Success in the foreign exchange market largely depends on the strength of forecasting skills. Here are the main factors influencing the dynamics of Forex.
NSE market indices sustain growth amid investors interest in heavyweight
The Nigerian Stock Exchange opened the last trading week for 2019 on Monday with a growth of 0.73 per cent following investors’ interest in heavyweight stocks.
Nigeria’s foreign portfolio investments decline by N280 billion
Nigeria’s portfolio transactions declined by N280 billion as foreign portfolio investors (FPIs) tended to be more on the sell side than the buy side.
LCCI releases economic outlook for 2020
The Lagos Chamber of Commerce and Industry (LCCI) has projected a high cost of doing business in 2020.
MRS Oil director resigns
A disclosure sent to the Nigeria Stock Exchange said the board of the company reviewed and approved the resignation by a written resolution.
Recent Stories
Supreme Court upholds Governors Ortom, Fintiri’s election
The Supreme Court has on Tuesday upheld the election of governor Samuel Ortom of Benue State and his Adamawa State counterpart, Ahmadu Umar Fintiri.
Imo minority leader resigns, defects from APGA to APC
Shortly after the deputy speaker of Imo State House of Assembly, Okey Onyekanma, announced his resignation, the minority leader, Ekene Nnodimele, has also resigned.
Federal government nominates Adebambo Adewopo to lead WIPO
The Federal Government has nominated Prof. Adebambo Adewopo, a foremost professor of Intellectual Property to lead the World Intellectual Property Organisation (WIPO).
Police recover decomposing body of kidnapped businessman
The decomposing body of a businessman, Chief Ignatius Odunukwe, who was kidnapped two months ago by a robbery gang who posed as estate developers, has been recovered in a bush in an undisclosed area of Lagos, by policemen attached to the Zone 2, Onikan, Lagos.
Chicarito confirms move to LA Galaxy
Galaxy have yet to make an official announcement but former Manchester United and West Ham forward ‘Chicarito’ told the newspaper the time was right from him to swap Sevilla for Major League Soccer.
Most Popular
Senator Shehu Sani: My travail is politically motivated
Civil Rights activist and former lawmaker, Senator Shehu Sani, has declared that his current travail in the hands of the Economic and Financial Crimes Commission (EFCC) was politically motivated and out of malice, saying he has not in any way begged the anti graft agency not to make public alleged audio recording between him and his accuser, Alhaji Sani Dauda.
CMD: How privatisation of teaching hospitals will affect Nigerians
The Chief Medical Director of the University College Hospital, Ibadan, Prof. Jesse Otegbayo, says privatisation of government-owned teaching hospitals will take quality and affordable healthcare out of the reach of many Nigerians.
Chelsea hold Edinson Cavani talks with Paris Saint-Germain
Chelsea have discussed Edinson Cavani’s future with Paris Saint-Germain, but they have stopped short of making an official offer for the striker.
EFCC: We didn’t conduct in-depth probe into Abdulrasheed Maina’s case
An EFCC Operative, Mohammed Goji, on Monday, told the Federal High Court, Abuja, that the commission did not conduct a thorough investigation into the defunct Pension Reformed Task Team (PRTT) headed by Abdulrasheed Maina to unravel members of the team drawn from other ministries, departments or agencies (MDAs) of government.
Sodiq Yusuff vows to land UFC title after fourth consecutive win
Nigeria’s Sodiq Yusuff says he hope to follow the footsteps of compatriots Israel Adesanya and Kamaru Usman to land UFC world title in the nearest future.