CAPITAL MARKET

The Nigerian Stock Exchange All Share Index (NSE ASI) and the Market Capitalization increased by 0.60%, while the Year-to-Date return stood at -12.87%. The All Share Index closed at 24,957.08 against the previous close of 24,809.29 while Market Capitalization closed at ₦8.585 trillion against Wednesday close of ₦8.534 trillion. Volume...

Shareholders of Access Bank Plc, on Wednesday commended the board and management of the bank for its strong financial performance in 2015 despite the difficult operating environment. The Bank’s shareholders also approved the board’s recommendation to pay a final dividend of 30 kobo per share. This is in addition to...

The Nigerian Stock Exchange All Share Index (NSE ASI) and the Market Capitalization decreased by 0.06%, while the Year-to-Date return stood at -13.38%. The All Share Index closed at 24,809.29 against the previous close of 24,823.86 while Market Capitalization closed at ₦8.534 trillion against previous close of ₦8.539 trillion. Volume...

The Council of the Chartered Institute of Stockbrokers (CIS) has elected Mr Oluwaseyi Abe as the President and Chairman of the Governing Council of the Institute. Also, the duo, Mr Adedapo Adekoje and Mr Olatunde Amolegbe have been elected as the First Vice President and Second Vice President respectively. The...

The Nigerian Stock Exchange All Share Index (NSE ASI) and the Market Capitalization increased by 0.24 per cent, translating to N20 billion value addition, while the Year-to-Date return stood at -13.33 per cent. The All Share Index closed at 24,823.86 against the previous close of 24,765.10 while Market Capitalization closed...

FBN Holdings Plc announced its audited results for the full year ended December 31, 2015 with profit after tax dropping by 82 per cent from N84.0 billion in 2014 to N15.1 billion in 20 15. Despite the decline in profit, FBN Holdings proposed a dividend of N0.15 per share (150per...

The Securities and Exchange Commission (SEC) has urged law enforcement agencies to collaborate with the Commission in its quest to ensure zero tolerance on infractions in Nigeria Capital Market and also ensure that perpetrators of fraudulent acts are brought to book appropriately. Director General of SEC, Mounir Gwarzo stated this...

Access Bank Plc has announced its unaudited results for the period ended March 31, 2016, showing Profit After Tax (PAT) up 42 per cent to ₦19.4billion in Q1 2016 from ₦13.7billion in Q1 2015. Profit Before Tax (PBT) for the period rose to ₦22.6 billion, representing a 37per cent growth...

 Nigerian shareholders largely shunned a N43 billion share-acquisition bid by Unilever Overseas Holdings, United Kingdom aimed at acquiring a quarter of Unilever Nigeria’s shares to increase the multinational’s majority equity stake in the Nigerian subsidiary to 75 per cent. The latest audit of Unilever Nigeria, scheduled to be presented to...

Trading in the shares of Zenith International Bank Plc, Guaranty Trust Bank Plc and United Bank for Africa Plc. (measured by volume) accounted for 290.319 million shares worth N3.015 billion in 3,795 deals, contributing 32.79 per cent and 51.72 per cent to the total equity turnover volume and value respectively...