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.
Fears over the coronavirus have triggered a sharp fall in Chinese shares as markets reopened after the Lunar New Year holiday.
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.
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.
Europe’s main equity markets plunged at the open on Monday, mirroring losses elsewhere on investor panic over the deadly coronavirus.
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.
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.
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.
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 Nigeria Plc has been ranked in the upper Top 100 Nigerian companies in terms of assets, revenue and profits in fiscal year 2018.
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.
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.
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.
Transactions on the Nigerian Stock Exchange (NSE) moderated on Friday with the market indicators improving marginally by 0.07 per cent.
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 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.
President Muhammadu Buhari has approved the enlargement of the Interim Management Committee (IMC) of the Niger Delta Development Commission (NDDC) from three to five.
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.
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.
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
The National Agency for the Prohibition of Trafficking in Persons (NAPTIP) says it has apprehended two suspects for human trafficking in Akwa Ibom.
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.
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.
Gov. Gboyega Oyetola of Osun on Friday presented N1.2 billion bonds to retirees in the state.
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 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.