CAPITAL MARKET

The plan by the Nigerian Stock Exchange (NSE) to introduce depository receipts that would allow investors to purchase foreign company shares in naira has been put on hold for now. The Chief Executive Officer (CEO) of the Exchange, Mr Oscar Onyema disclosed to Bloomberg in an interview. According to the...

Despite the sad news today that the Nigerian economy has officially entered recession, the market maintained its bullish run today and it gained N37 billion following the gain of N43 billion yesterday. The Market Capitalization which closed at N9.442 trillion on Tuesday ended the Wednesday trading at N9.479 trillion. The...

The Securities and Exchange Commission (SEC) has warned investors of two illegal capital market operators not registered under the commission. The apex capital market regulating body stated that an online investment scheme tagged ‘MMM Federal Republic of Nigeria (nigeria.mmm.net) and Mrs. Oge C. Ottiwu of No. 118 Zink Avenue, Opposite...

The Nigerian equities market reversed previous day’s losses on account of a 0.48 per cent growth in lead indicators of the Nigerian Stock Exchange on Tuesday. The equities market which closed with 17 gainers against 19 losers, recorded improvement as The Nigerian Stock Exchange (NSE); All Share Index (ASI) added...

The Nigerian Stock Exchange (NSE) has implemented a strong regulatory environment to protect investors against infractions while enhancing investor confidence in the market even as it has developed and revised enforceable rules for Dealing Members and Issuers, and signed an MOU with Economic and Financial Crimes Commission (EFCC) to increase...

The Nigerian equities market began the week on a negative note on Monday declining by 0.30 per cent compared to a gain of 0.26 per cent recorded on Friday. The Market Capitalization of the Nigerian Stock Exchange (NSE) also dropped by N28 billion to close at N9.399 trillion compared to...

A turnover of 1.124 billion shares worth N13.839 billion in 15,625 deals were traded this week by investors on the floor of the Nigerian Stock Exchange (NSE) in contrast to a total of 1.375 billion shares valued at N12.940 billion that exchanged hands last week in 16,915 deals. The NSE...

The Nigerian equities market closed on a positive note today, following a 0.26 per cent increase in lead market indicators. This is in contrast to 1.80 per cent lost after Thursday’s trading session. With 15 gainers to 15 losers, The Nigerian Stock Exchange All Share Index (NSE ASI) added 70.96...

The NASD OTC has called for a combination of the appropriate fiscal and monetary policies to stimulate growth in key sectors of the economy. According to the organisation, several attempts have been made and economic policies have been introduced by the current administration to resuscitate the Nigerian economy from her...

United Bank for Africa Plc (UBA) announced its audited 2016 half-year financial results for the period ended 30 June 2016, showing that the bank recorded a significant growth in total assets, rising 20 per cent to N3.3 trillion from N2.75 trillion as at December 31, 2015. Following the performance, the...