Markets

Strong IBM earnings lift Dow above 23,000 points

The Dow jumped above 23,000 points early Wednesday, boosted by IBM, which surged after it reported growth in key cloud computing and artificial intelligence businesses.

Why we suspended trading of Oando shares – NSE

The Nigerian Stock Exchange, NSE, on Wednesday clarified the suspension of trading in the shares of Oando plc for two days.

SEC suspends sales of Oando shares

The Securities and Exchange Commission on Wednesday instructed the Nigerian Stock Exchange to implement a full suspension in the trading of the shares of Oando Plc.

Financial experts tie stock market performance to September inflation data

Some financial experts on Monday said that the Nigerian Stock Exchange (NSE) performance this week would be determined by third quarter results and September inflation report anticipation.

NSE market capitalisation increases by N40 billion

Trading activities on the Nigerian Stock Exchange (NSE) on Friday sustained growth profile with market capitalisation appreciating by N40 billion.

NSE: Investors transact deals worth N64.79 billion in September

The volume of shares traded on the Nigerian Stock Exchange, NSE, in September dropped by 43.72 per cent, as investors transacted 4.21 billion shares worth N64.79 billion in 64,854 deals.

Nigerian stocks climb to six-week high

Nigerian stocks climbed 1.3 percent on Monday to hit a six-week high after its biggest listed firm Dangote Cement and some consumer goods companies gained.

Capital market shareholders task SEC, NSE on penalties to boost new listing

Capital market shareholders on Saturday called on the Securities and Exchange Commission (SEC) and the Nigerian Stock Exchange (NSE) to review the penalties imposed on quoted companies to attract new listing.

NSE, Thomas Reuters hosts market data workshop

The Nigerian Stock Exchange, NSE, in partnership with Thomson Reuters and other capital market participants, is set to host the second edition of the NSE Market Data Workshop.

Tokyo stocks close lower on US-North Korea woes

Tokyo stocks closed ended lower on Tuesday as exporters were hit by a rush into the safe-haven yen with tensions between the United States and North Korea flaring up again.

Ogunbanjo emerges NSE President, replaces Aig-Imoukhuede

The Nigerian Stock Exchange (NSE) on Monday announced the emergence of Mr Abimbola Ogunbanjo as the new President of National Council of the Exchange.

Aig-Imoukhuede, Dangote bow out of NSE council

Aigboje Aig-Imoukhuede on Monday bowed out as the President, National Council of the Nigerian Stock Exchange, NSE, after serving for three years.

NSE: Market indicators up by 0.85 per cent

Equity transactions on the Nigerian Stock Exchange (NSE) closed for the week on Friday on a positive note, as market capitalisation appreciated by 0.85 per cent as a result of price gains recorded by some major blue chips.

NSE market indicators dip further by 0.08%

A total of 174.65 million shares valued at N2.83 billion were traded in 3,783 deals on the Nigerian Stock Exchange (NSE) on Tuesday.

Capital market: SEC bans Ogiemwonyi for life over alleged unprofessional conduct

SEC has also withdrawn the operating licences of Partnership Investment Company Plc and Partnership Securities Limited. The Chairman of the companies, Mr. Henry Omoragbon, was also suspended for a period of five years from engaging in capital market activities in Nigeria.

Fed govt inaugurates capital market investments and securities tribunal

The Minister of Finance, Mrs. Kemi Adeosun, Tuesday inaugurated the fourth Investments and Securities Tribunal (IST) to enhance effectiveness and efficiency in handling the rising number of the new cases of operational misconduct in the capital market.

Union Banks opens subscription of N50bn rights issue

Union Bank has announced that the subscription period for its N50 billion Rights Issue will commence on Wednesday, September 20 and close on Monday, October 30, 2017.

Equities appreciate by N70bn despite 22 losers

The Nigerian equities market advanced by N70bn at the close of trading on the floor of the Nigerian Stock Exchange on Thursday notwithstanding depreciation in 22 stocks.

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Party leaders sign loyalty pledge to ex-president Kabila

Democratic Republic of Congo ex-president Joseph Kabila, who yielded power to Felix Tshisekedi after December elections, moved Wednesday to assert his political clout, making the leaders of his FCC coalition sign a loyalty pledge.
Kola Ologbondiyan, PDP publicity secretary

Election: PDP advises General Buratai not to drag military into politics

The Peoples Democratic Party (PDP) has advised the Chief of Army Staff, Tukur Buratai, not to drag the military into politics.

Elections: INEC promises automatic employment to exceptional NYSC members

The Independent National Electoral Commission, INEC, has pledged automatic employment to members of the National Youth Sevice Corps, NYSC, who are outstanding during the general elections, starting from Saturday.

Minister: Federal government intervention to rescue Arik Air, Aero saved jobs

The Minister of State, Aviation, Senator Hadi Sirika, yesterday said the federal government interventions in Arik Air and Aero Contractors airlines saved the Nigeria aviation sector from witnessing what would have been huge job loses.
The Federal Capital Territory Internal Revenue Service, (FCT-IRS) yesterday said that the service was not embarking on any recruitment exercise as being speculated in some quarters.

FCT-IRS denies recruitment exercise

The Federal Capital Territory Internal Revenue Service, (FCT-IRS) yesterday said that the service was not embarking on any recruitment exercise as being speculated in some quarters.