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Nigerian Stock Exchange
BUA Cement Plc achieved a feat on the Nigerian Stock Exchange (NSE) with the listing 33.86 billion ordinary shares at N35 per share, emerging as the third largest company on the bourse.
Africa’s wealthiest man, Alhaji Aliko Dangote ended 2019 with a total worth of $14.8 billion, representing an increase of $4.3 billion from the $10.3 billion recorded in 2018, according to Bloomberg’s Billionaires Index released recently.
The market capitalisation of the Nigerian Stock Exchange on Friday sustained a positive trend, crossing to N13 trillion mark on the second trading day of 2020.
The Nigerian Stock Exchange opened the last trading week for 2019 on Monday with a growth of 0.73 per cent following investors’ interest in heavyweight stocks.
Dangote Cement Plc is seeking shareholders’ approval to embark on share buy-back in move aimed at improving return on equity and shareholder value.
Nigeria’s portfolio transactions declined by N280 billion as foreign portfolio investors (FPIs) tended to be more on the sell side than the buy side.
Sovereign Trust Insurance Plc has listed additional 4.17 billion ordinary shares of 50 kobo each on the Nigerian Stock Exchange (NSE), the last step in its recent capital raising process.
The momentum of activities at the Nigerian equities market has increased as investors opened up more orders in early positioning for the often-expected Santa Claus rally. Investors staked N15.5 billion on 1.38 billion ordinary shares in 14,528 deals last week, 32.3 per cent increase on total turnover volume of 1.04 billion ordinary shares valued at N14.63 billion in 14,974 deals traded in the previous week.
The Nigerian Stock Exchange (NSE) crucial market indices opened trading yesterday with a 0.60 per cent appreciation following rising interest in banks securities. Specifically, the market capitalisation which opened at N12.807 trillion early in the day, rose by N77 billion or 0.60 per cent to close at N12.884 trillion.
The Nigerian Stock Exchange (NSE) crucial market indices opened trading for the week on Monday with a growth of 0.60 per cent following enhanced bank in interest.
Shareholders under the aegis of Constance Shareholders’ Association of Nigeria (CSAN) on Saturday said that mergers and acquisitions would improve cement industry activities on the Nigerian Stock Exchange (NSE).
Nigerian equities continued on the positive side on Thursday as investors stepped up bargain-hunting ahead of the end of the business year. Average return stood at 0.51 per cent, equivalent to net capital gain of N66 billion.
A student of Grandmates Schools in Isolo, Lagos, Adesewa Adeniyi, has won the first prize at the Nigerian Stock Exchange 2019 Essay Competition for Senior Secondary School students.
The Minister of Industry, Trade and Investment, Niyi Adebayo, has said the gains being recorded from the border closure and the foreign exchange restriction on 44 items will increase domestic business’ activities and make the capital market more active.
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.
MTN Nigeria Communication PLC on Friday announced the appointment of Modupe Kadri as its new Executive Director and Chief Financial Officer (CFO).
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.
Nigeria’s Federal Government is set to evacuate stranded Nigerians abroad in the wake of ravaging Coronavirus pandemic in the world.
The federal government has started discussions with the Manufacturers Association of Nigeria (MAN) to explore the potential for local production of medical consumables such as face masks, gloves, sanitizers, and even equipment like ventilators used in the prevention and treatment of Covid-19 pandemic.
Suspected Fulani herdsmen have allegedly killed three persons in Arimogija community in Ose Local Government Area of Ondo State.
Some Lagos residents on Friday expressed worry at the opening of some shops in markets, saying that it was generating crowd that could spread coronavirus.
The Lagos State Commissioner for Health, Prof. Akin Abayomi, says Eti-Osa Local Government Area has the highest number of confirmed cases of COVID-19 in the state.
The Lagos State Government has confirmed that five additional patients who have recovered from Coronavirus, COVID-19, have been discharged on Monday from Infectious Disease Centre, Yaba Mainland Hospital.
President Muhammadu Buhari on Thursday met with the Presidential Committee on the impact of the coronavirus on Nigeria’s economy, and directed the Ministry of Finance and National Planning to ensure that salaries were paid.
Countries around the world are increasingly adopting sweeping measures to stem the spread of the new coronavirus, including full lockdowns, shutting down airports, imposing travel restrictions and completely sealing their borders.
Bishop David Oyedepo of Living Faith Church also known as Winners Chapel, on Sunday complied with government’s directives banning religious gathering due to the outbreak of Coronavirus in Nigeria.
Abia State Governor Okezie Ikpeazu on Tuesday, gave out balls of take-away Eba and soup as coronavirus palliative.