Nigerian stock market opens week with N340 billion loss
The Nigerian stock market, yesterday, ended the first trading session of the week on a negative note, as the market declined by N340 billion following sell-offs in Airtel Africa Plc and 25 others.
NGX maintains bullish run with 0.1% gain
The bullish run in the local bourse persisted on Thursday with the key market indicators increasing further by 0.10 per cent.
Stock market gains N151 billion as bulls consolidate hold
The bulls had regained control of the market on Tuesday after a negative trading on the first day of the week. The positive trend continued yesterday as 25 stocks appreciated in prices compared with six that depreciated.
China’s third-child policy boosts shares in toy, diaper makers
China’s announcement on Monday to allow married couples to have up to three children - from the previous limit of two - also sent brokerage analysts scrambling to recommend stocks, despite a widely-shared perception that the policy shift won’t have a sudden impact on the country’s declining birth rate.
SEC to assist mining ministry in commodities exchange
The Security and Exchange Commission (SEC) has expressed its preparedness to assist the Ministry of Mines and Steel Development in resolving some of the challenges faced in the solid minerals sector through commodities exchanges.
Dangote Cement to resume purchase of own shares
Dangote Cement Plc will now advance to the second phase of buying up to 10 per cent of its outstanding shares back from the public, hoping the move will help create a lower supply of its common stock, needed to drive up share price and improve valuation.
SEC sets deadline for crowdfunding platforms registration
The Securities and Exchange Commission has directed all existing investment crowdfunding portals/digital commodities investment platforms to note the requirements and eligibility criteria for raising funds through and/or operating a Crowdfunding Portal and comply with the registration requirements or cease operations by the 30th of June, 2021.
Shareholders hail Dangote Cement over N272.6 billion dividend
Shareholders of Dangote Cement Plc yesterday commended the company for an impressive performance despite the economic challenges in the year under review.
NGX maintains bearish trend, indices down by 0.08%
Transactions on the Nigerian stock market maintained bearish mood on Tuesday, extending the trading losses to seven consecutive sessions.
BUA Cement issues N115 billion bond
FMDQ Securities Exchange Ltd has announced the admission for listing the BUA Cement Plc N115 billion series 1 fixed rate senior unsecured bond under its N200 billion bond issuance programme.
SEC adopts guidelines on sustainable finance for market operators
SEC said the objectives of the guidelines on NSFP are to stimulate a resilient, competitive and sustainable capital market that promotes economic development and improves the quality of life for all as well as improve corporate governance practices to ensure that players in the market operate in a transparent and sustainable manner.
Nigerian Exchange resumes trading with N25 billion growth
Trading resumed on the Nigerian Exchange on Friday after the public holidays to mark the Eid-el-Fitr celebration with growth of N25 billion.
NGX Group to launch stock market campaign
The Nigerian Exchange Group (NGX Group) Plc is set to launch a campaign to project its new positioning and commitment to the African financial markets.
2Baba, Chike to perform at NGX Group’s launch
Nigeria’s renowned musicians, Innocent ‘2Baba’ Idibia and Chike, ‘boo of the booless’ crooner, are to perform at the launch of the Nigerian Exchange Group (NGX Group) Plc’s campaign.
New digital currency exchange unveiled in Lagos
A new mobile app that allows instant exchange of crypto currency with the naira and other currencies in the globe has debuted in Lagos, courtesy of Tradefada Nigeria Limited.
SEC to ban unregistered capital market operators
The Securities and Exchange Commission (SEC) says it will stop operations of capital market operators (CMOs) that are yet to renew their registration by May 31, 2021.
SEC bars unregistered operators from capital market after May 31
The Securities and Exchange Commission, SEC, has declared that Capital Market Operators, CMO, who fail to renew their registration before May 31, 2021, will not be allowed to operate in the market.
Minister inaugurate panel to investigate suspended NPA boss
The Minister of Transportation, Mr Rotimi Amaechi, has inaugurated a committee to investigate the alleged shortfall in operating surpluses by the Nigerian Ports Authority (NPA) under the leadership of the suspended MD/CEO, Hadiza Bala Usman.
MTN Nigeria issues N110 billion first telco bond
MTN Nigeria says it has successfully completed the issuance of N110 billion fixed rate bond due in 2028, under its N200 billion bond issuance programme.
Lagos commodities exchange set to list first gold instrument
The Lagos Commodities and Futures Exchange (LCFE) has concluded plans to admit Dukia Gold‘s diversified financial instruments, backed by gold as the underlying asset in a sector worth over N300 trillion.
NGX records N419 billion growth in April
The market capitalisation of the Nigerian Stock (NGX) recorded a growth of N419 billion in April due to impressive first quarter results declared by some companies.
SEC denies recruitment exercise, disowns fake websites
The Securities and Exchange Commission (SEC) has denied conducting any recruitment exercise as being circulated in several websites and blogs purportedly associated to it.
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Up to 10,000 fans allowed at Tokyo 2020 venues, despite warnings
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MRA condemns killing of Ibadan radio presenter
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21-year old man charged with peddling 750g cannabis
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New poll indicate rising support for Tokyo Olympics this summer
Although a majority in Japan still prefer the cancellation or postponement of the Tokyo Olympics but support for the event has recorded an increment nonetheless.
2023: APC, PDP leaders incompetent – Aisha Yesufu
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Euro 2020: Xherdan Shaqiri praises Roberto Mancini for his work with Italy
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Rights groups call for probe into Iran’s Ebrahim Raisi for crimes against humanity
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