Markets

FMDQ Exchange admits SFS fixed income fund

FMDQ Securities Exchange, through its Board Listings, Markets and Technology Committee, approved the listing of 500 million units of N1.00 each of SFS Fixed Income Fund on its platform.
Nigerian Stock Exchange NSE

NSE suspends trading on Continental Reinsurance

The Nigerian Stock Exchange (NSE) has placed full suspension on trading in the shares of Continental Reinsurance Plc. The suspension was in furtherance of the bid by the majority core investor to acquire minority shareholdings in the reinsurance company.

Saudi Aramco IPO’s retail tranche attracts $12.6 billion

Saudi Aramco has received bids for its shares totalling $44.3 billion so far, lead manager Samba Capital said on Friday, putting its initial public offering on track to be over-subscribed.
Chairman, Securities and Exchange Commission (SEC) Olufemi Lijadu has called for concerted efforts to strengthen the capital market to attract foreign investors.

SEC seeks partnership on capital market growth

Chairman, Securities and Exchange Commission (SEC) Olufemi Lijadu has called for concerted efforts to strengthen the capital market to attract foreign investors.
Mary Uduk

SEC assured on development of vibrant commodities trading ecosystem

The Securities and Exchange Commission (SEC) says the commission is committed toward ensuring that the commodities trading ecosystem in the country becomes vibrant to contribute to economic development.

Dangote Sugar, Nestle drive stock market index up by 0.16 percent

Buoyed by gains in the shares of Nestle, Dangote Sugar and GT Bank, Nigeria’s stock market started the trading week on a positive note as the All Share Index (ASI) climbed up by 0.16 per cent to settle at 27,035.78 points.

Nigeria mulls national savings scheme to boost capital formation

The Federal Government is considering the option of national savings scheme in order to deepen the pool of investible funds and strengthen the Nigerian capital market for a more pivotal role in national growth and development.
Nigerian Stock Exchange NSE

NSE wins awards for promoting CSR reporting, delivering efficient in-house legal support

The Nigerian Stock Exchange says it has received the “Best Corporate Social Responsibility Initiative (Promoting Sustainability & Reporting)” and the “Capital Market In-House Team of the Year” awards at 2019 Marketing World Awards and ESQ Nigerian Legal Awards respectively.
Nigerian Stock Exchange NSE

NSE crucial market indicators end with 0.03% growth

The Nigerian Stock Exchange (NSE) crucial market indicators closed trading on Friday with a marginal growth of 0.03 per cent.
Nigerian Stock Exchange NSE

NSE crucial market indicators end Friday with 0.03 per cent growth

The Nigerian Stock Exchange (NSE) crucial market indicators closed trading on Friday with a marginal growth of 0.03 per cent.
Nigerian Stock Exchange NSE

T-bills: Investors storm equities market after central bank ban

Following the ban of individuals and small firms from investing in treasury bills by the Central Bank of Nigeria, investors poured money into shares instead, which boosted the market capitalisation of equities by N245bn.
Nigerian Stock Exchange NSE

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.
Nigerian Stock Exchange NSE

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.
(FILES) In this file photo taken on November 4, 2016, the Twitter logo is seen on a sign at the company's headquarters in San Francisco, California. - Twitter reported on October 25, 2018, stronger-than-expected profits and revenues in the third quarter, igniting a strong rally in shares of the key social network. (Photo by JOSH EDELSON / AFP)

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%.
The African Development Bank, AfDB, says it has approved a 70 million dollar loan for a road project in Ebonyi. The bank said on its website on Friday that it would provide $40 million, while its co-financier, the Africa Growing Together Fund (AGTF), would contribute $30 million for the project.

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.

Recent Stories

Justin Fashanu was on Wednesday inducted into the National Football Museum’s Hall of Fame.

Justin Fashanu deserved Hall of Fame induction – Amal Fashanu

Born of a Nigerian father and a mother from Guyana, Fashanu was Britain’s first £1m black footballer and won the BBC’s Goal of the Season award for his memorable volley against Liverpool in February 1980.

US opposes Nigeria’s plan to hand Abacha loot to Kebbi governor

The United States is opposing plans by Nigeria to give $100 million from loots recovered from former Nigeria military dictator Sani Abacha to Kebbi State governor Atiku Bagudu.
Justice Edward Asante, President of the ECOWAS Court of Justice, has underscored need for establishment of legal system to assist Ivoirians approach court for protection of their human right.

ECOWAS Court chief advocates legal system to guarantee Ivoirians of rights protection

Justice Edward Asante, President of the ECOWAS Court of Justice, has underscored need for establishment of legal system to assist Ivoirians approach court for protection of their human right.
An Abuja Area Court, on Wednesday, ordered the Department of State Security to investigate the allegation of forgery of a National Youth Service Corps certificate leveled against the Deputy Governor of Bayelsa State, Lawrence Ewhrudjakpo.

Court orders DSS to probe Bayelsa deputy governor for ‘certificate forgery’

An Abuja Area Court, on Wednesday, ordered the Department of State Security to investigate the allegation of forgery of a National Youth Service Corps certificate leveled against the Deputy Governor of Bayelsa State, Lawrence Ewhrudjakpo.
Lesotho Prime Minister Thomas Thabane is expected on Friday to be charged with the murder of his estranged wife, who was gunned down two days before his inauguration in 2017, police said Thursday.

Lesotho premier fails to appear in court to face murder charge

The prime minister of Lesotho, Thomas Thabane, on Friday failed to appear in court, where he was expected to face charges of murder, attempted murder and malicious damage to property.