Stock Exchange

Nigerian stocks closed the first half down with average loss of 8.80 per cent, equivalent to net capital depreciation of N1.14 trillion as investors struggled with a threesome of domestic macroeconomic uncertainties, global decline in crude oil price and trade wars and the ravaging COVID-19 pandemic.

Thousands of people rushed to the Philippines’ main international airport on Thursday in a bid to get out of the country amid a month-long lockdown on the main island designed to stop the spread of the new coronavirus.

As part of efforts aimed at strengthening the capital market, the House of Representatives on resumption from the Christmas and New Year recess is expected to commence debate on a bill which seeks to establish Unclaimed Dividends Trust Fund in the country.

Chilean President Sebastian Pinera has pledged "no impunity" for security forces that he said used excessive force and violated the rights of protesters during weeks of violent riots over economic policies and social injustice that have left more than 20 dead.

From tapping lenders to selling personal assets, Saudis are scrambling to raise cash to invest in Aramco stocks after the oil giant announced its blockbuster market debut even as it offered few listing details, according to AFP reports.

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.

Babatunde Fashola, minister of works and housing, has explained why Julius Berger is preferred above “indigenous companies” when entrusting infrastructural projects to companies in the country.

The Nigerian Stock Exchange (NSE) has listed the Federal Government of Nigerian (FGN) N15 billion Green Bond. The bond has a coupon rate of 14.50 per cent on June 13, 2019 and is due to mature on June 13, 2026.

The management of Dangote Flour Mills on Friday announced the postponement of the company’s Annual General Meeting (AGM) for the year ended December 2018.

A Federal High Court in Lagos has adjourned till 5th of November, 2019 for hearing of debt recovery suit of N176,586 487.86 instituted against former custom staff, Dr. Kamoru Bolaji Yusuff, by Asset Management of Nigeria, AMCON.

The Nigerian Stock Exchange has delisted the shares of defunct Skye Bank Plc and Fortis Microfinance Bank Plc from the daily official list of the Exchange.

The market capitalisation of equities listed on the Nigerian Stock Exchange rose by N1.90tn on Thursday after MTN Nigeria Communications Plc listed 20.35 billion shares on the Exchange.

The Committee on Local Content has concluded plans to investigate 100 per cent foreign ownership of some multinational companies registered in Nigeria.

The Committee on Local Content has concluded plans to investigate 100 per cent foreign ownership of some multinational companies registered in Nigeria.

Cristiano Ronaldo plays his first competitive game in Turin on Saturday as it was revealed that his arrival at Juventus has pushed the Serie A champions over the billion-euro mark on the Italian stock exchange.

A prosecution witness, Mr Abubakar Madaki, on Wednesday, told a Federal High Court Lagos, that series of investigations were conducted on fraud allegations against former Oyo State Governor, Rasheed Ladoja.

Vice President Yemi Osinbajo on Monday said 50 million people out of the nation’s 180 million population have no access to electricity.