NSE: Guinness, PZ lowest performing stocks in October
Guinness Nigeria Plc emerged the lowest performing stock on the Nigerian Stock Exchange (NSE) for the month of October in percentage terms.
Aramco announces plans for giant stock market debut
Saudi Aramco said Sunday it will list on the Riyadh stock exchange in what could be the world’s largest IPO, underpinning Crown Prince Mohammed bin Salman’s ambitions to overhaul the kingdom’s oil-reliant economy.
NAICOM to indemnify investors of failed companies
Against the backdrop of ongoing recapitalisation of the insurance industry, the National Insurance Commission (NAICOM) has said it will indemnify investors of firms which failed to meet the recapitalisation exercise.
Analysts anticipate stock market rally after OMO restriction
The decision by the Central Bank of Nigeria (CBN) to restrict individuals and local firms, non-bank financial institutions inclusive, from investing in its open market operations (OMO) auctions may end up providing a welcome boost to one of the world’s worst-performing stock markets, the Nigerian Stock Exchange (NSE).
Saudi Aramco rolls out IPO next week
Saudi Aramco aims to announce the start of its initial public offering (IPO) on Nov. 3, three people with direct knowledge of the matter told Reuters, after delaying the deal earlier this month to give advisers time to secure cornerstone investors.
Twitter revenue hit by tech glitch, stocks fall
Twitter Inc posted worse-than-expected quarterly revenue and profit on Thursday, plagued by technical issues that hurt its advertising, and unusually low demand over the summer, sending its shares down about 20%.
AfDB reveals finding on Nigeria’s aviation sector road map
The African Development Bank (AfDB) said it was willing to assist Nigeria develop its aviation sector road map put together in 2012.
Low liquidity: Capital market operators task SEC, NSE, others on local participation
The capital market stakeholders have called on Securities and Exchange Commission, Nigerian Stock Exchange and other stakeholders to formulate strategies that would boost local participation in the nation’s bourse.
Twitter slides on disappointing growth report
Twitter shares skidded Thursday as a quarterly update showed weaker-than-expected growth for the messaging platform.
NSE: Market capitalisation rebounds by N15 billion
The Nigerian Stock Exchange on Wednesday, recorded second gain in October with the market capitalisation increasing by N15 billion.
Pound falls before Brexit votes
The British pound fell Tuesday awaiting key Brexit votes on Prime Minister Boris Johnson’s withdrawal agreement bill.
Financial experts attribute Nigeria stock market lull to economic dislocations
Some financial experts on Monday attributed the incessant lull on the Nigerian Stock Exchange (NSE) to various economic dislocations in the country.
Nigerian Stock Exchange lists federal government N15 billion 7-year green bond
The Nigerian Stock Exchange (NSE) has listed the Federal Government of Nigerian (FGN) N15 billion Green Bond. The bond has a coupon rate of 14.50 per cent on June 13, 2019 and is due to mature on June 13, 2026.
China joins Asian shares in cautious advance ahead of trade talks
Asian shares inched up on Tuesday, with Chinese shares making decent gains after a week-long holiday, though investors remained cautious over U.S.-China trade talks after President Donald Trump said a quick deal was unlikely.
Nigeria stock market indices slump further by 0.45 per cent
Activities on the nation’s bourse resumed for the week on Monday still on negative territory with crucial market indicators dropping further by 0.45 per cent.
SEC: Checklist review to promote capital market, efficiency
Acting Executive Commissioner Operations, SEC, Mr. Isyaku Tilde, stated this at the weekend at the engagement session with Association of Issuing Houses, Trustees and Solicitors on the commencement of checklist review.
NSE: All-Share Index drops to 26,000 mark again
The Nigerian Stock Exchange (NSE) All-Share Index on Friday lost 98.45 points or 0.36 per cent to close lower at 26,987.45 mark.
Nigerian equities continue decline with N112 billion loss
Nigerian equities continued on the downward trend yesterday as increased selloffs across the sectors pushed the overall market to a net loss of N112 billion. With the decline yesterday, quoted equities have lost N265 billion in the past two trading sessions.
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Itse Sagay applauds Senate’s leadership for commitment to service
Chairman of Presidential Advisory Committee on Anti-Corruption (PACA), Prof. Itse Sagay, on Thursday applauded the leadership of the ninth Senate for its commitment to service of the country.
Senator Lawan: Senate yet to receive request from President Buhari for Ibrahim Magu’s confirmation
President of the Senate, Ahmad Lawan, on Thursday said the Senate is yet to receive any formal request from President Muhammadu Buhari for confirmation of the Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Magu.
Edo new police commissioner reads riot act to criminal elements
The new Commissioner of Police deployed to the Edo State Police Command, CP Lawal Tanko Jimeta, yesterday, said he would be firm in carrying out his duty in order to ensure the safety of lives and property of the citizens of the state.
Federal government approves PPP projects worth $8 billion in eight years
Mr Chidi Izuwah, the Director-General, Infrastructure Concession Regulatory Commission (ICRC) has said that the Federal Government approved Public-Private Partnership (PPP) projects worth eight billion dollars between 2010 and 2018.
Federal government to review ownership of electricity distribution companies
The National Economic Council, NEC, yesterday resolved to review the status of the ownership structure of the power distribution companies in the country.
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Rebels kill 14 civilians in DR Congo
Assailants in DR Congo have killed 14 civilians in revenge for army offensives against Ugandan rebel strongholds in the east of the country, a local official said on Saturday.
GenCos threaten blackout over N600 billion intervention fund
Power generation companies (GenCos) on Sunday threatened to shut down their production should the Federal Government refuse to disburse N600 billion intervention to them.
Former adviser, diplomat to testify in Donald Trump impeachment inquiry
Two additional advisers will testify Thursday as the U.S. House of Representatives holds a marathon week of public hearings on the impeachment inquiry into President Donald Trump.
Enyimba blow Akwa United away in Aba
Enyimba produced a complete performance against Visiting Akwa United in one of the matchday three of the 2019/2020 Nigeria Professional Football League season.
Roy Keane questions Gareth Southgate’s handling of Sterling-Gomez spat
Manchester City winger Sterling was dropped for England’s qualifying win over Montenegro on Thursday night following his angry confrontation of Liverpool defender Gomez earlier this week, tensions from the huge meeting between their respective clubs in the Premier League last weekend spilling over into the international break.