CAPITAL MARKET

Nigerian independent petroleum company, Nipco Investment limited, a wholly-owned subsidiary of Nipco Plc has acquired 60 per cent stake in Mobil Nigeria. Mobil Oil Nigeria in a statement to The Nigerian Stock Exchange (NSE) on Wednesday said that majority shareholders of ExxonMobil Oil Corporation agreed to sell its 60 per...

The Securities and Exchange Commission (SEC) has warned investing public of illegal capital market operation of Ruby Gold Ventures.  The apex capital market regulating body stated that company is not a registered company. SEC in a statement obtained by Business247 News Online said, “The attention of the Securities & Exchange...

At the end of equities trading on The Nigerian Stock Exchange (NSE) on Tuesday, the benchmark index weakened by 0.29 per cent to close at a month-low of 27,555.31 basis points from 27,634.99 basis points, while Year to Date loss dips to 3.8 per cent. The market capitalisation depreciated by...

The Nigerian Stock Exchange (NSE) equities market segment began the week on a negative note, as market capitalisation deprecated by N80 billion. It dropped by 0.8 per cent from N9.57 trillion it opened today to close at N9.49 trillion. Similarly, the NSE All Share Index (NSE ASI) declined by 0.81per...

Access Bank Ghana, a subsidiary of Access Bank of Nigeria, launched an Initial Public Offering (IPO) on Monday aimed at raising at least 104 million cedis ($26 million). The Nigerian bank told Reuters it would also cut its stake to 78 percent from 100 per cent in the flotation, aimed...

Trading in the top-three equities namely  of Access Bank Plc, Diamond Bank Plc and United Bank of Nigeria Plc (measured by volume) accounted for 522.737 million shares worth N1.951 billion in 1,914 deals, contributing 44.95 per share and 21.09 per share to the total equity turnover volume and value respectively....

The Nigerian Stock Exchange All-Share Index (NSE ASI) which opened at 27,854.78 basis points on Thursday closed the week trading activities on Friday at 27,861.03 basis points even the Market capitalisation which opened the day trading on Friday at N9.57 trillion closed the day flat at N9.57 trillion. A total...

The Nigerian Stock Exchange All-Share Index (NSE ASI) dipped for the second day in a row, shedding 0.62 per cent to close at 27,854.78 basis points from 28,027.23 basis points, dragged by profit-taking in Banking and Oil & Gas shares. Investors on The Exchange lost N60 billion as market capitalisation...

All-Share Index (ASI) of the Nigerian Stock Exchange (NSE) dropped by 0.03 per cent on Wednesday to close at 28,027.23 basis points. The day’s performance thus increased the year to date losses to -2.15 per cent. Investors on the bourse consequently lost N2.4 billion as market capitalisation dipped to N9.626...

The Nigerian Equities market continued on a positive trend on Tuesday as strategic positioning by investors ahead of third quarter 2016 financials releases prevailed. Equity investors on the Exchange gained N37.5 billion as market capitalisation closed at N9.629 trillion the highest in the last five trading sessions as the All-Share...