CAPITAL MARKET

EDC Fund Management, the Asset Management arm of Ecobank in Nigeria has announced the launch of two mutual funds - The EDC Nigeria Money Market Fund, and the EDC Nigeria Fixed Income Fund. The mutual funds gives customers of the company and other interested Nigerians the opportunity to diversify their...

A turnover of 2.847 billion shares worth N7.420 billion in 16,065 deals were traded this week by investors on the floor of the Nigerian Stock Exchange (NSE) in contrast to a total of 873.838 million shares valued at N8.024 billion that exchanged hands last week in 15,944 deals. The NSE...

…as market drops by 3% in one week The equities market of the Nigerian Stock Exchange (NSE) reacted negatively to Donald Trump's unexpected election victory over his rival Hillary Clinton at the US presidential election. The equities market lead indicator of The Nigerian Stock All-Share Index shed three per cent...

The Market Capitalisation and the All-Share Index of the Nigerian Stock Exchange (NSE) closed the week at N9.009 trillion and 26,170.88 basis points as against N9.027 at trillion and 26,221.75 respectively on Thursday, translating to a loss of N18 billion. A total of 2.259 billion shares valued at N2.635 billion...

Reprieve came the way of investors on The Nigerian Stock Exchange (NSE) on Thursday after six-day of straight value depreciation as the Market capitalisation which was N9.010 trillion on Wednesday rose to N9.027, translating to a gain of N26 billion in Thursday trading activities. All-Share Index of the Exchange which...

The Securities and Exchange Commission (SEC) has responded through the Acting Chairman Economic and Financial Crimes Commission (EFCC) on a petition addressed to the President of the Federal Republic of Nigeria titled “Saving Nigeria Aviation Handling Company Plc from the Stranglehold of its Chairman--- Alhaji Yahaya Sulaiman”. The response signed...

The performance of Nigeria’s equities market worsened by 0.72 per cent on Wednesday as the market recorded its sixth consecutive decline, representing a combined loss of N350 billion. Market capitalization dipped to N9.01 trillion following a loss of N65.6 billion. The All Share Index shed 190.58 basis points to close...

Skye Bank Plc, which had its management replaced by the Central Bank of Nigeria in July after breaching liquidity thresholds, plans to sell units outside of Africa’s biggest oil producer to ease pressure on capital buffers. According to a Bloomberg report monitored by Business247 News Online, the bank is seeking...

The equities market of The Nigerian Stock Exchange in two days trading depreciated by N210 billion attributable to investors profit-taking. The market capitalization of the equities market opened on Monday at N9.28 trillion, down by N210 billion or 2.26 per cent to close on Tuesday at N9.08 trillion. Similarly, The...

By Abdul Olalekan Continental Reinsurance Plc said it posted N17.5 billion as gross premium in its 2016 third quarter results. This, it said, represents 16 per cent growth, when compared to N15.1 billion posted in the corresponding fixture in 2015. Reacting to the development, the Group Managing Director/CEO, Dr. Femi...