Markets

Uber’s $82 billion valuation underwhelms in most anticipated IPO since Facebook

Uber priced its initial public offering on Thursday at the low end of its targeted range for a valuation of $82.4 billion, hoping its conservative approach will spare it the trading plunge suffered by rival Lyft.
Nigeria’s Vice president Yemi Osinbajo has debunked rumours stating he has resigned his position as the nation’s vice president.

VP Osinbajo: We will collaborate with NSE to enhance service delivery

Vice President Yemi Osinbajo says the Federal Government will welcome collaboration with the Nigerian Stock Exchange (NSE) in key aspects of the economy including the Ease of Doing Business and privatisation of public enterprises, among others.

Uber set to list stocks at $45 per share amidst drivers’ protests

Uber is set for its Wall Street debut Friday with a massive share offering that is a milestone for the ride-hailing industry and the so-called “sharing economy,” but which comes with simmering concerns about its business model.
Mary Uduk - The Securities and Exchange Commission (SEC) has urged investors with multiple shareholding accounts to regularise such before December 31, 2019.

SEC approves MTN’s application for listing

Last week’s application from MTN Nigeria requesting the registration of its existing securities in the capital market has been duly approved by Securities and Exchange Commission (SEC).
Ferdi Moolman

MTN Nigeria registers 20.35 billion shares

MTN Nigeria Communications Plc on Tuesday announced that it had successfully completed the registration of 20,354,513,050 ordinary shares of N0.02 each with the Securities and Exchange Commission.
FILE PHOTO- An MTN starter kit pack on display at a retail stand in Abuja, Nigeria November 17, 2015. REUTERS-Afolabi Sotunde-File Photo

MTN applies for listing on Nigeria Stock Exchange

The Securities and Exchange Commission (SEC) on Monday said that MTN Nigeria has formally applied for listing by introduction on the Nigerian Stock Exchange (NSE).
Nigerian Stock Exchange NSE

NSE: All-Share Index sustains growth by 0.14 per cent

The All-Share Index of the Nigerian Stock Exchange (NSE) sustained positive growth for the second consecutive day, growing by 0.14 per cent.
Mary Uduk - The Securities and Exchange Commission (SEC) has urged investors with multiple shareholding accounts to regularise such before December 31, 2019.

SEC: Why unclaimed dividends are increasing

The capital market has continued to record high incidence of unclaimed dividends due to the provision of inadequate proof of ownership of shares by investors, the acting Director General of the Securities and Exchange Commission (SEC), Mary Uduk, has said.
Nigerian Stock Exchange NSE

Equities market sheds 1.22 percent on sustained profit taking

The Nigerian equities market yesterday shed 1.22 per cent, causing market capitalisation to dip below the N11 trillion mark on sustained profit taking.
Nigerian Stock Exchange NSE

Trading maintains bearish trend on stock exchange, down by 0.74 per cent

The Nigerian equities market commenced trading for the week on Monday still on a bearish trend with the market indicators dropping by 0.74 per cent.
Mary Uduk - The Securities and Exchange Commission (SEC) has urged investors with multiple shareholding accounts to regularise such before December 31, 2019.

We’ll align 10-year master plan with current economic realities – SEC chief

Acting Director-General of the Securities and Exchange Commission (SEC), Ms. Mary Uduk at the weekend assured that the 10-year developmental master plan of the commission will be reviewed and tailored to totally align with the current economic realities.
Elon Musk has agreed to more specific oversight on his tweets about Tesla.

Tesla chief Elon Musk reaches deal with SEC over Twitter use

Tesla Chief Executive Elon Musk has reached a deal with the U.S. Securities and Exchange Commission to settle a dispute over Musk’s use of Twitter, according to a court filing on Friday.

MTN ready for listing on Nigerian Stock Exchange

MTN Nigeria Communications (MTN) on Wednesday announced that it had completed its conversion from a private company into a public company.

Olam offers N130 billion to acquire Dangote Flour Mill

Dangote Flour Mills, in a notice to the Nigerian Stock Exchange (NSE), said that the total consideration offered by Olam to acquire its five billion shares was N130 billion.

Panel recommends dismissal of suspended SEC chief Mounir Gwarzo

The panel set up to investigate Mounir Gwarzo, suspended Director General of the Securities and Exchange Commission (SEC), has recommended his dismissal.

Reports: Mounir Gwarzo awarded N33 million contracts in SEC to personal companies

Suspended Director General of Securities and Exchange Commission (SEC), Mounir Gwarzo, reportedly awarded contracts to a company in which he is a director to the tune of N33 million while in office.
Juventus

Juventus shares plunge after Champions League exit

Shares in Italian club Juventus fell more than 17 percent in early trading on Wednesday after Cristiano Ronaldo’s side were knocked out of the Champions League quarter-finals by Ajax.
Nigerian Stock Exchange NSE

NSE all-share index rises 0.85% as Bellwether stocks lift market

Chams Plc led the price gainers with 10 per cent following investors sustained their high demand for the stock after it recovered from a loss in 2017 to profit last year.

Recent Stories

Airbus Chief Salesman Christian Scherer said in Le Bourget, France, that with the new jet, one could fly from north-eastern Asia into south Asia; from the Middle East to Bali or from Japan deep into Australia.

Airbus launches new long-range jet at Paris Airshow

Airbus Chief Salesman Christian Scherer said in Le Bourget, France, that with the new jet, one could fly from north-eastern Asia into south Asia; from the Middle East to Bali or from Japan deep into Australia.

Babachir Lawal: Court rejects EFCC uncertified documents

An FCT High Court, in Maitama, on Monday, rejected uncertified documents sought to be tendered by the Economic and Financial Crime Commission (EFCC) in the trial of ex- Secretary to the Government of the Federation (SGF), Mr Babachir Lawal.
Gboyega Oyetola

Osun guber: Governor Oyetola, APC, INEC ask Supreme Court to dismiss Senator Adeleke’s appeal

Governor Adegboyega Oyetola, his party, the All Progressives Congress (APC) and the Independent National Electoral Commission (INEC) have urged the Supreme Court to dismiss the four appeals filed the candidate of the Peoples Democratic Party (PDP) in the last governorship election in Osun State, Senator Ademola Adeleke.

NAPTAN boss suggests introduction of PTA in tertiary institutions

Umaru Ebeyan, Nasarawa State Chairman of National Parents Teachers Association of Nigeria (NAPTAN), has called for the introduction of the association in all tertiary institutions in the country.
ericsson

Ericsson updates 5G cell tower software to improve speed and coverage

Only a few companies are making the 5G cell tower hardware that will connect billions of devices to next-generation cellular networks, so when one of them issues a major software update, it can impact a huge number of people.