Markets

SEC extends multiple subscription deadline to December 2019

The Securities and Exchange Commission (SEC) yesterday extended the deadline for shareholders with multiple accounts till December 31, 2019 from the December 31, 2018.
Mary Uduk

Capital market committee approves plan to introduce e-IPO

The Nigerian capital market would soon introduce the electronic initial public offer (e-IPO) system in the country, the Securities and Exchange Commission (SEC) announced on Wednesday.
Mary Uduk

SEC extends multiple subscription deadline to December

The Securities and Exchange Commission has extended the forbearance deadline for shareholders with multiple accounts to December 31, 2019 from December 31, 2018 for more investors to embrace the initiative aimed at reducing unclaimed dividends.
Nigeria Stock Exchange

NSE: Trading closes on negative note, market capitalisation loses N18 billion

Activities on the Nigerian Stock Exchange reversed to the negative territory on Wednesday due to profit taking with the market capitalisation shedding N18 billion.
Pedestrians walk past an electronics stock indicator at the window of a security company displaying the current rate of Tokyo Stock Exchange in Tokyo on November 13, 2018. - Tokyo stocks dived more than three percent shortly after the open on November 13, with investors discouraged by a plunge in US shares on fears over demand in the tech sector. (Photo by Toshifumi KITAMURA / AFP)

Tokyo stocks drop more than 3% after Wall Street plunge

Tokyo stocks dived more than three percent shortly after the open on Tuesday, with investors discouraged by a plunge in US shares on fears over demand in the tech sector.
Nigeria Stock Exchange

NSE: Foreign portfolio transactions rise by N208bn in Q3

Amidst heightened political tension in the Nigerian economy, the total transactions done by foreign investors on the floor of the Nigerian Stock Exchange (NSE) rose by 26.53 per cent or N207.85 billion in the third quarter (Q3) of 2018 to N991.2 billion compared with N783.34 billion recorded in the period of 2017.

NSE sanctions eight banks with N102 million fines

The Nigerian Stock Exchange has sanctioned eight banks with fines totalling N102.7m for failing to file their financial statements at the regulatory date.
Nigeria Stock Exchange

NSE moves 121.26 million shares worth N1.58 billion in bearish trading

The Nigerian Stock Exchange (NSE) on Friday moved a total of 121.26 million shares valued at N1.58 billion transacted in 2,678 deals in a bearish trading.
Nigeria Stock Exchange

Trading maintains positive mood on NSE, up by 0.37%

Activities on the Nigerian Stock Exchange closed northward on Thursday with the market indicators appreciating further by 0.37 per cent.
Nigeria Stock Exchange

Financial expert foresees stock market rebounding after 2019 polls

A financial expert, Prof. Uche Uwaleke, on Wednesday expressed optimism that the Nigerian stock market would rebound by the second quarter of 2019.
SAHCO

BPE facilitates SAHCO initial public offer

The Bureau of Public Enterprises (BPE) has facilitated the first Initial Public Offer (IPO) in four years with the public offering of Skyway Aviation Handling Company (SAHCO) Plc for the sale of 406,074,000 ordinary shares. The public offer opens on Monday, November 12, 2018 and closes on Wednesday, December 19, 2018.
Pedestrians wait at a signal in front of an electronic stock quotation board in Tokyo on November 2, 2018. - Tokyo stocks surged on November 2 on hopes of a potential breakthrough in the long-running US-China trade dispute, topping out a strong week. (Photo by JIJI PRESS / JIJI PRESS / AFP) / Japan OUT

Tokyo stocks close lower on profit-taking

Tokyo stocks closed lower as investors took profits at the last minute Wednesday after US midterm election results showed Democrats retaking control of the House of Representatives as projected.
Nigeria Stock Exchange

Consumer goods lift trading by 0.33 per cent at NSE

Gains posted by some consumer goods equities on Tuesday lifted trading on the nation’s bourse with the market capitalisation improving by N38 billion.
A pedestrian walks past a stock indicator board for the Tokyo Stock Exchange being displayed in a window of a securities company in Tokyo on October 1, 2018. - Japanese shares powered to a new 27-year high on October 1 after the US and Canada clinched a long-awaited trade deal, but other Asian equity markets struggled in subdued holiday trading. (Photo by Martin BUREAU / AFP)

Asian stocks sink as risk sentiment sours

Asian stocks sank on Monday as fears of faster rate hikes in the United States and uncertainty around the Sino-U.S. trade war deterred investment in riskier assets.
Nigeria Stock Exchange

Equities market sheds 2.4% as investors ignore corporate earnings

Despite the release of corporate earnings by many companies, the Nigerian equities market closed last week downtick following profit taking in bellwether stocks.
Nigeria Stock Exchange

Nigeria capital market indices increase by 0.37 percent

The crucial market indices of the Nigerian Stock Exchange increased by 0.37 per cent on Friday following gains by some highly capitalised equities.

NSE suspends the shares trading of Unity Bank, five others

The Nigerian Stock Exchange (NSE) has suspended trading on the shares of Unity Bank Plc and five other publicly quoted companies.
Nigeria Stock Exchange

Equities market gains N105 billion as investors react positively to corporate earnings

The Nigerian equities market opened the week on a bullish note as investors continued to react positively to nine month corporate earnings being released by companies.

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Yemi Osinbajo: I’m not Muhammadu Buhari’s spare tyre

Vice-President Yemi Osinbajo says he is not a spare tyre to the president, emphasising that his roles as the number two citizen are spelt out in the constitution.
Governor David Nweze Umahi

Dave Umahi sacks Ebonyi Broadcasting Corporation board chairman

Ebonyi State Governor, David Umahi, has sacked the Board Chairman of the Ebonyi Broadcasting Corporation, Mrs Patience Ogodo.

FIRS shuts NDPHC HQ over N9.8 billion tax debt

The Federal Inland Revenue Service (FIRS), yesterday, sealed of the headquarters of the Niger Delta Power Holding (NDPHC) over tax liabilities totaling N9, 831,368, 259.90.

Olusegun Mimiko: I will work beyond imagination

The immediate past governor of Ondo State, Dr. Olusegun Mimiko, who is also the Zenith Labour Party, ZLP, senatorial candidate for Ondo Central Senatorial district for the 2019 polls has reaffirmed his commitment to quality and adequate representation of the district if elected.