Home Topics Nigeria Stock Exchange

Nigeria Stock Exchange

Governors meet over NFIU’s directive on local council funds

The 36 state governors under the umbrella of Nigeria Governors’ Forum (NGF) are meeting in Abuja to discuss update on recent directive of the Nigerian Financial Intelligence Unit (NFIU) on local government funds.

AIICO appoints new managing director

AIICO Insurance Plc. has announced through a disclosure on the Nigeria Stock Exchange the appointment of Babatunde Fajemirokun as its managing director.
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 gets central bank super agent licence

MTN Nigeria has announced that its subsidiary, Yello Digital Financial Services Limited (YDFS), has been granted a full Super Agent Licence by the Central Bank of Nigeria (CBN).
AWUNEBA AJUMOGOBIA

Awuneba Ajumogobia resigns as UAC director

Awuneba Ajumogobia, who served the company for 9 years, resigned with effect from July 31.

Airtel Africa posts $796m revenue

As the corporate earnings continue to hold sway in the Nigerian market, Airtel Africa has announced that its revenue increased to $795.9 million from $744.5 million recorded in the corresponding period of 2018.

Ex-CBN deputy chief Tunde Lemo resigns from GSK Board

A former deputy governor of the Central Bank of Nigeria, Tunde Lemo, has resigned from the board of GlaxoSmithKline Consumer Nigeria Plc (GSK) as a non-executive director.

MTN mobile subscribers hit 61.5 million in Nigeria

Telecommunication giant, MTN Nigeria, on Friday said its mobile subscribers’ base increased to 61.5 million in the first quarter of 2019.

MTN appoints ex-minister, ex-revenue chief, ex-NBA president as board members

Telecommunications firm, MTN, has notified the Nigeria Stock Exchange of a substantial change in its board structure. Pioneer board chair, Pascal Dozie, is stepping down along with five other directors.
Mary Uduk - The Securities and Exchange Commission (SEC) has urged investors with multiple shareholding accounts to regularise such before December 31, 2019.

Clarion call for SEC, other agencies to respect rule of law

If the SEC goes ahead with this action it will be in clear violation of the interim injunction obtained by Oando’s principals Adewale Tinubu, the Group Chief Executive and Omamofe Boyo, the Deputy Group Chief Executive which restrains SEC, its servants and agents from directing or requesting any agency of the Government to act upon its decisions contained in its letter of 31st May pending the hearing.
Lagos State Governor Babajide Sanwo-Olu has announced the appointment of six new Permanent Secretaries in the States Civil Service.

Governor Sanwo-Olu wants young Nigerians to be educated on significance of June 12

Mr Babajide Sanwo-Olu, the Lagos State governor, has advised that young Nigerians should be educated on the significance of the June 12 anniversary.

NCC: Glo, 9Mobile set to list on Stock Exchange

With the enlisting of the leading mobile operator in the country on the Nigeria Stock Exchange, the Nigerian Communications Commission, NCC, says other operators including Bharti Airtel, Globacom and 9Mobile are getting set to do so.
Diamond Bank

NSE puts Diamond Bank shares on full suspension

Trading in the shares of Diamond Bank Plc has been placed on full suspension following the court sanction of the Scheme of Merger with Access Bank Plc.
Aliko Dangote, president of Dangote Group, says the conglomerate’s revenue base will hit $30 billion by 2020 — a feat he would have considered impossible 10 years ago.

Aliko Dangote maintains position as Africa’s richest man

Aliko Dangote, the President of Dangote Group, who was ranked Africa’s richest man in the 2019 Forbes Africa’s billionaires list, has remained consistently ahead of the pack for the eighth consecutive year, with a current net worth of $10.3 billion.
Diamond Bank

Diamond Bank announces merger with Access Bank

“The proposed merger would involve Access Bank acquiring the entire issued share capital of Diamond Bank in exchange for a combination of cash and shares in Access Bank via a Scheme of Merger,” the disclosure, sent to the Nigeria Stock Exchange, said.
Nigeria Stock Exchange

Stockbrokers decry low domestic patronage on NSE

The Chartered Institute of Stockbrokers on Friday decried the low level of domestic investors’ patronage in the capital market and urged government at all levels to prioritise capital market development.

Federal government renews licences for Seplat’s three oil blocks

President Muhammadu Buhari has given consent for the renewal of three Oil Mining Licences (OMLs) belonging to oil and gas firm, Seplat Petroleum Development Company Plc.
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.
Hayford Ikponmwosa Alile

Muhammadu Buhari mourns the late Hayford Alile

President Muhammadu Buhari on Wednesday mourned the Spiritual Leader of St. Joseph’s Chosen Church of God International, Apostle Hayford Alile.

Recent Stories

Flying Eagles star Valentine Ozornwafor will be sent on a season-long loan by Galatasaray after he completes his signing this summer.

Valentine Ozornwafor set to join Almeria on loan from Galatasaray

Nigeria defender Valentine Ozornwafor is set to join Spanish Segunda B side, Almeria on loan from Turkish champions, Galatasaray for the 2019/2020 season.
BBNaija

Quarrel in #BBNaija house turns into birthday party — video

It was a moment of confusion for some Big Brother Naija housemates in the early hours of Thursday as Frodd and Sir Dee engaged in an intense quarrel which eventually turned out to be a birthday prank on Esther.

New minister urged to save National Youth Council

President of National Youth Council of Nigeria, NYCN, Mr. Bello Bala Shagari, has expressed confidence that the new Minister of Youths and Sports Development, Mr. Sunday Dare, would save the NYCN from what he described as political interference.
Liam Hemsworth has pulled the trigger on his divorce from Miley Cyrus, meaning that their love is officially, at long last, dead.

Liam Hemsworth files for divorce from Miley Cyrus

E! News has confirmed that the Hunger Games actor has filed for divorce from “Mother’s Daughter” singer, citing “irreconcilable differences” as the reason for the breakup. The court documents, obtained by E! News, state that Hemsworth is not asking for spousal support.
Jose Mourinho has reacted to Barcelona 4-0 defeat against Liverpool in the Champions League semi-final at the Anfield on Tuesday evening.

VAR: Only thieves complain of security cameras – Jose Mourinho

Former Manchester United manager Jose Mourinho has weighed in on the controversial Video Assistant Referee (VAR) that was introduced into the Premier League this season, saying that only thieves complain of security cameras.