CAPITAL MARKET

Following impressive quarter-on-quarter growth in profitability, shares of Access bank Plc and United bank Plc (UBA) appreciated by N50.7 billion in 11 months on the equities market. These financial institutions have proven to overcome tough operating environment despite dwindling foreign exchange, rising inflation, among other headwinds facing the nation’s economy...

Equities trading on the Nigerian Stock Exchange (NSE) sustained the rebound recorded in previous session to resume the month of December with a growth of 0.90 per cent. Market capitalisation grew to N8.69 trillion from N8.689 trillion, while the All Share Index (NSE ASI) added 23.45 basis points to close...

Mobil Oil Nigeria Plc (MON) has said it has received notice from ExxonMobil Oil Corporation (EMOC) on a formal application by NIPCO Investments limited, to purchase 216.4 million ordinary shares of Mobil Oil Nigeria for $301 million. A regulatory filing obtained from the Nigerian Stock Exchange noted that this development...

Following two consecutive trading sessions in which the equities market closed negative, the Nigerian Stock Exchange All-Share Index (NSE ASI) gained 0.03 per cent on Wednesday. The market performance was largely driven by the bargain trading in Guaranty Trust Bank Plc and Zenith Bank Plc. Guaranty Trust Bank traded 23.3...

Performance in equities market continued in negative note as the market capitalisation dropped by N30 billion in two days following profit-taking by investors. Market capitalisation closed today at N8.69 trillion, a drop of 0.34 per cent from N8.72 trillion the equities market opened for trading this week. Also, The Nigerian...

The African Securities Exchanges Association (ASEA) held its 20th Annual General Meeting (AGM) on Sunday 27, November where the election of officers took place. Mr. Oscar N. Onyema, OON Chief Executive Officer (CEO) of the Nigerian Stock Exchange (NGX) and Mr. Karim Hajji CEO Casablanca Stock Exchange were re-elected as...

The equity market on Monday shed 0.06 per cent to kicked off the last week in November 2016 on a negative note as investors continued profit-taking in highly capitalized stocks. Stock Exchange lead indicator, the All-Share Index (ASI) shed 14.98 basis points, representing a decline of 0.06 per cent from...

The market All-Share Index (NSE ASI) and the Market Capitalization which opened the week at 25,537.54 and N8.791 trillion depreciated by 0.80 per cent to close the week at 25,333.39 and N8.721 trillion respectively as investors record a joint loss of N70 billion. Similarly, all other Indices finished lower during...

Trading activities on the Nigerian Stock Exchange (NSE) ended the week on a negative note on Friday as investors in  the market made a loss of N54 billion. The market capitalisation which opened trading at N8.774 trillion lost N54 billion or 0.62 per cent to close at N8.720 trillion even...

First City Monument Bank Limited (FCMB) plans to raise 7.5 billion naira ($25 million) in so-called Tier-II supplementary debt by year-end to strengthen its capital base, it said on Friday. According to Reuters report monitored by Business247 News Online, the bank had said in August it will raise between 10...