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The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Stock market nosedives 0.14% as investors lose N16 billion

The effect of coronavirus, COVID-19, on Tuesday continued to ravage the stock market as its nosedived by 0.14 percent or 14 bases points, bps with investors losing N16 billion of their investment.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Nigeria equities investors lose N2.6 trillion in March

Amidst the coronavirus pandemic and its attendant effect on the economy, negative sentiments were reflected on the local equities market as investors lose N2.56 trillion in the month of March.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE extends filing of 2019 results

The Nigerian Stock Exchange has granted a 60-day grace period to companies for the submission of Audited Financial Statements due March 30, following disruptions by COVID-19.
Dangote Cement

Dangote Cement set to issue N300 billion bonds

The company, in a notice to the Nigerian Stock Exchange (NSE), on Monday, announced its inaugural issuance of bonds under its N300 billion shelf registration programme.

UBA, Transcorp postpone annual general meetings

United Bank for Africa (UBA) and Transcorp have announced the cancellation of their 2019 Annual General Meetings (AGMs) to prevent the spread of COVID-19.
President of the Senate, Ahmad Lawan, disclosed on Tuesday that the Senate may next week consider the report of an Ad-Hoc Committee on security challenges with a view to finding solutions to Nigeria’s security problems.

Senate to revisit Petroleum Industry Bill

The Senator representing Ogun Central Senatorial District and Chairman of the Senate Committee on Capital Market, Ibikunle Amosun, has said the committee would revisit the Petroleum Industry Bill (PIB) and the Investment and Securities Act (ISA) Bill.
Nigerian Stock Exchange NSE

NSE market indicators record 0.12 per cent loss

Activities on the Nigerian Stock Exchange (NSE) opened for the week on Monday with a loss of 0.12 per cent, driven by investors’ sell-off of UBA, FBN Holdings and Lafarge Africa.
Access Bank has unveiled a new brand logo to reflect its new status following the completion of its merge with Diamond Bank.

Access Bank completes N15 billion green bond cross-listing

The 15.50% fixed rate, unsecured climate-credential green bond is the first of its kind to be issued by a Nigerian corporate and represents a major milestone in the development of the local green finance market.
The Senate Committee on Communications has said that it was impressed by the various regulatory interventions which the Nigerian Communications Commission (NCC) has taken to ensure improved service delivery and bridging access gaps in the country.

Senate hails NCC’s achievements in service delivery, bridging access gaps

The Senate Committee on Communications has said that it was impressed by the various regulatory interventions which the Nigerian Communications Commission (NCC) has taken to ensure improved service delivery and bridging access gaps in the country.
Nigerian Stock Exchange NSE

Nigeria stock market capitalisation drops further by N656 billion

Panic sell off continued on the Nigerian Stock Exchange (NSE) on Tuesday with the market capitalisation shedding N656 billion in what an expert attributed to fear of naira devaluation.
Nigerian Stock Exchange NSE

NSE: Investors lose N329 billion amid coronavirus fear, fall in oil price

The Nigerian Stock Exchange (NSE) market capitalisation opened the week on Monday with a huge loss of N329 billion due to persistent fall in global oil price and rising cases of COVID-19.
Lafarge SA

Coronavirus: Lafarge apologises over role in deadly virus spread to Nigeria

Khaled El Dokani, the country Chief Executive Officer of Lafarge Africa in Nigeria, has apologised for the company’s role in admitting the deadly coronavirus into Nigeria.
Nigerian Stock Exchange NSE

Stakeholders hail NSE on demutualisation, list benefits

Capital market stakeholders have hailed the final approval given by members of the Nigerian Stock Exchange (NSE) to demutualise the exchange to become a profit-making and limited liability company, saying it will benefit the market and the economy.
Nigerian Stock Exchange NSE

NSE may trigger circuit breaker to check stock market plunge

There are indications that the Nigerian Stock Exchange (NSE) may trigger its index circuit breaker if the stock market continues to plunge, in order to protect investors.
The founder, Investment Banking and Trust Company (IBTC), Mr. Atedo Peterside, has identified macroeconomic stability, especially low inflation rate regime as a major panacea to attracting all types of investors into the Nigeria’s capital market.

Atedo Peterside: Why stock market is under persistent pressure

The founder, Investment Banking and Trust Company (IBTC), Mr. Atedo Peterside, has identified macroeconomic stability, especially low inflation rate regime as a major panacea to attracting all types of investors into the Nigeria’s capital market.
Zainab Ahmed

Nigeria to introduce incentives to boost capital market investment – minister

Dr Zainab Ahmed, Minister of Finance, Budget and National Planning, says the Federal Government will further introduce incentives to boost investments in the nation’s capital market.

Zenith Bank to pay N2.80k as final dividend for 2019

Zenith Bank Plc has announced that it will pay a final dividend of N2.50 for every 50 kobo shares, thereby bringing the total dividend paid for FY 2019 to N2.80.
Nigerian Stock Exchange NSE

NSE launches comic book to boost financial literacy

The Nigerian Stock Exchange (NSE) on Wednesday announced the publication of the maiden edition of StockTown, a comic book aimed at promoting financial literacy in Nigeria.

Recent Stories

Coronavirus lockdown excites married women in Ekiti

Some married women in Ado-Ekiti on Wednesday say the ‘stay-at-home’ order occasioned by the coronavirus pandemic, has turned out to be a blessing in guise for them.
Minister of Health, Prof. Osagie Ehanire has disclosed that Nigeria has recorded 10 new cases of the deadly Coronavirus, bringing the total to 22 cases.

Nigeria opens another coronavirus test site, recruits medical lab scientists

Nigeria now has seven functional laboratories to test for the Covid-19 virus, the health minister, Osagie Ehanire, said on Wednesday.
Co-author of popular early learners English handbook, Brighter Grammar, Ajibola Ogundipe, has died at the age of 92.

President Buhari mourns Nigerian author Phoebean Ogundipe

President Muhammadu Buhari on Wednesday mourned the death of a foremost Nigerian educationist and author, Phoebean Ogundipe.
One of the victims of the fast-spreading coronavirus has reportedly died in Ghana, authorities have confirmed.

Coronavirus death toll hits 196 in African countries

The death toll from the COVID-19 pandemic in African countries has reached 196 as confirmed cases surpassed 5,786, the Africa Centre for Disease Control and Prevention (Africa CDC) revealed on Wednesday.
Authorities in Cameroon's capital, Yaounde, have arrested prostitutes who have been visiting coronavirus isolation centres in some hotels and offering their services.

Over 188,000 recover from coronavirus globally

One hundred and eighty-eight thousand, three hundred and fifty-two people have so far recovered globally from the novel coronavirus, according to data published by Worldometers, a website providing real time statistics on the infection around the world.