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Nigeria Stock Exchange

Nigeria’s foreign portfolio investments decline by N280 billion

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.
Thomas Cook

Chinese group mulls Thomas Cook takeover

China’s Fosun Group is considering nearly a billion dollar rescue of embattled British tour operator Thomas Cook, the Hong Kong-listed conglomerate confirmed Friday.

IIADRI tasks banks on N500,000 withdrawal limit by local councils

A Non Governmental Organisation (NGO) has called on commercial banks to ensure compliance with the Nigeria Financial Intelligence Unit (NFIU) directive to local government councils on cash withdrawal limit.

Airtel Africa eyes London stock market listing

Airtel Africa Ltd, a subsidiary of India’s Bharti Airtel Ltd, said on Tuesday it was considering a stock market flotation in London to reduce existing debt.
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 Nigeria hits N2.21 trillion as investors scramble for shares

MTN Nigeria Communications Plc has risen by the maximum daily allowable price gain of 10 per cent by mid day trading at the Nigerian Stock Exchange (NSE), chalking up a whooping N201.47 billion capital gains in second day of trading at the stock market.

Analysts: Interest rate cut threatens foreign portfolio investments

Analysts have said the reduction of the Monetary Policy Rate, also known as benchmark interest rate, may dampen foreign investors in the nation’s stock market.
Nigerian Stock Exchange NSE

NSE harps on high sustainability reporting standards

The Nigerian Stock Exchange (NSE) has held itself accountable to the highest standards regarding sustainability reporting and will continue to do more.
Nigerian Stock Exchange NSE

Elections: NSE market capitalization decreases further by N196bn

Trading on the Nigerian Stock Exchange (NSE) on Thursday continued to react negatively to the outcome of the presidential election with the market capitalisation losing N196 billion to close below N12 trillion mark in February.
The presidential candidate of the Peoples Democratic Party, Atiku Abubakar, has petitioned France, Germany, European Union, United States of America and United Kingdom over alleged undemocratic actions and infractions of President Muhammadu Buhari.

Atiku Abubakar: Polls didn’t reflect will of Nigerian people

Atiku Abubakar, the presidential candidate of the People’s Democratic Party (PDP), has explained why he rejected the results of Saturday’s presidential elections which saw incumbent President Muhammadu Buhari and candidate of the All Progressives Congress (APC) returned for another four year term in office.
Nigerian Stock Exchange NSE

Stock investors suffer N196 billion losses amid sell-off

Investors in the nation’s stock market lost N196bn on Monday as equities listed on the Nigerian Stock Exchange declined following the sudden postponement of the general elections.
BP

London stocks jump on weak pound, strong BP profits

London’s stock market rallied Tuesday to a new two-month peak, supercharged by a Brexit-hit pound and energy giant BP’s surging annual profits, dealers said.
Nigeria Stock Exchange

Experts: General elections, monetary policy, others ‘ll shape stock market growth in 2019

Some financial experts on Wednesday identified outcome of general elections, direction of monetary policy and US-China trade tension as factors that would shape stock market in 2019.
Nigerian Stock Exchange NSE

All-Share Index sheds 0.21% as market opens on bearish note

Trading at stock market was bearish yesterday as losses by 20 equities dragged the Nigerian Stock Exchange (NSE) All-Share Index by 0.21 per cent to close lower at 30, 609.06. Similarly, market capitalisation shed N26.5 billion to be at N11.18 trillion.
Nigerian Stock Exchange NSE

NSE investors’ net worth drops by N581bn in November

Investors’ net worth on the Nigerian Stock Exchange dropped by N581bn in November, amid ‘sell pressure’ ahead of the 2019 general elections and Yuletide celebrations.

Zenith Bank lifts trading as investors stake N9.3 billion on shares

Investors traded 450.139 million shares worth N9.397 billion in 2,858 deals compared with 149.653 million shares valued at N2.793 billion exchanged in 3,063 deals the previous day.
Nigeria Stock Exchange

Financial expert foresees stock market rebounding after 2019 polls

A financial expert, Prof. Uche Uwaleke, on Wednesday expressed optimism that the Nigerian stock market would rebound by the second quarter of 2019.

Capital market operators caution federal government on infrastructure financing

Stakeholders in the Nigerian capital market have urged the federal government to concentrate more on policies that would improve living standards of the people.
Alaa and Gamal Mubarak

Egypt’s ex-President Hosni Mubarak’s sons arrested for alleged stock manipulation

An Egyptian court has ordered the arrest of two sons of former President Hosni Mubarak over stock market manipulation, according to state media.

Recent Stories

Tokyo 2020 Olympic boxing qualifiers to begin with African event in Senegal

A total of 33 places in the boxing tournament at Tokyo 2020 will be up for grabs at the African Olympic qualifier beginning in Dakar tomorrow.

Expert wants appropriate monetary policy tools to check rising inflation rate

Mr Emmanuel Atama, the Executive Secretary of the National Cooperative Financing Agency of Nigeria (CFAN), has appealed to the Central Bank of Nigeria (CBN) to use appropriate monetary policy tools to check rising inflation rate in the country.
Senator Hope Uzodinma as Governor of Imo State

Governor Uzodinma visits President Buhari, seeks refund of N32 billion

Imo State Governor, Hope Uzodinma, has sought a refund of over N32billion his predecessors spent on Federal Government’s projects, especially on roads in the state.
Singapore, on Tuesday announced its 2020 budget, pledging 5.6 billion Singapore dollars (or 4.02 billion U.S. dollars) to assist businesses and households affected financially by the coronavirus outbreak.

Coronavirus: South Korea reports first death; cases soar to 104

South Korea reported its first death from the new coronavirus on Thursday, with 53 new cases of the coronavirus confirmed in a single day to bring the total to 104.
Thailand’s Constitutional Court has ruled that existing laws criminalising abortion are unconstitutional and ordered them to be amended, paving the way for clearer regulation for reproductive rights.

Thai court says anti-abortion laws unconstitutional

Thailand’s Constitutional Court has ruled that existing laws criminalising abortion are unconstitutional and ordered them to be amended, paving the way for clearer regulation for reproductive rights.