CAPITAL MARKET

Stanbic IBTC Stockbrokers Ltd (SISL), a member of Stanbic IBTC Holdings Plc, has been awarded the best dealing member firm on the Nigerian Stock Exchange (NSE) for 2016. A statement released on Sunday in Lagos by the NSE said that the award was in recognition of the company’s outstanding performance...

The Nigerian Stock Exchange-All Share Index (NSE ASI) appreciated by 0.31 per cent to end the week on Friday on a positive note, taking the Week-till-Date return to 0.30 per cent. This performance reflected continued rally in Forte Oil that gained 10.23 per cent, as well as recovery in Okomu...

Stanbic IBTC Nominees Limited, the custody subsidiary of Stanbic IBTC Bank PLC, recently organized a forum to facilitate the building of a more robust market for custody services in Nigeria to support economic growth. The move is also expected to deepen development of the local capital market and enhance investor...

Amidst decline in market turnover, the Nigerian Stock Exchange (NSE) recorded a marginal gain of 0.25 per cent on Thursday as the market was lifted by positive momentum in Industrial and Banking stocks. This performance was largely impacted by buying interests in Dangote Cement Plc, Forte Oil and Zenith Bank...

The equities transactions on the Nigerian Stock Exchange (NSE) appreciated by  N3 billion following price gainers in Forte Oil Plc, Nestle Nigeria and 14 other companies. . As such, the market capitalisation berthed at N8.831 trillion with a marginal gain of 0.03 per cent or N3 billion compared to N8.834...

Shareholders of Union Bank Nigeria Plc, one of Nigeria’s leading commercial banks, have approved five resolutions authorizing the board of the bank to raise up to N50 billion through Rights Issue. The shareholders gave the approval at an extraordinary general meeting of the bank held in Lagos on Wednesday, December...

Investors in the equities market lost N25 billion on Tuesday over profit-taking in some highly capitalised shares. Specifically, the market capitalisation that closed today at N8.831 trillion in contrast to N8.855 trillion recorded after Monday’s trading. Leading market indicator, All Share Index (ASI) closed at 25,671.23 basis points in contrast...

The Nigerian Stock Exchange (NSE) began this week with a marginally gain of 0.01 per cent on Monday to extend uptrend to the fourth day in a row. Leading indicator, the All-Share Index (ASI) rose by 2.21 basis points to 25,743.03 points from 25,740.83 basis points it closed on Friday....

The President of Fund Managers Association of Nigeria (FMAN), Dr. Ore Sofekun has said that the association was working with the Securities and Exchange Commission (SEC) on electronic transfer of funds so as to boost financial inclusion. Speaking at the annual workshop of Capital Market Correspondents Association (CAMCAN) of Nigeria...

The Market capitalisation and the All-Share Index (NSE ASI) of the Nigerian Stock Exchange (NSE) which closed at N8.69 trillion and  25,265.08 basis points respectively on Thursday closed at N8.86 trillion and 25,740.83 basis points on Friday as investors closed the week with a gain of N17 billion. The market...