MARKETS

The Director-General of Securities and Exchange Commission (SEC), Mounir Gwazo, has revealed that the nation’s unclaimed dividends now in the excess of N80 billion. The DG who was speaking during a meeting with management of Nigerian Television Authority (NTA), in Abuja, regretted that the unclaimed dividends were from small stakeholders...

Equities transactions on the Nigerian Stock Exchange (NSE) today reverted to negative territory as investors recorded a loss of N44 billion as the Market Capitalisation of the Exchange closed at N9.867 trillion from N9.911 trillion on Tuesday even as the All-Share Index closed at 28,730.42 from the previous day’s of...

Nigerian Breweries Plc has declared 11 per cent decline in profit after tax to N19 billion for the six months ended June 30, 2016 from N21.5 billion posted in the prior six months. The unaudited condensed interim financial statements posted on The   Nigerian Stock Exchange official website, shows that the...

    The Managing Director of Heritage Bank, Ifie Sekibo has denied the report of a takeover of the bank by the Central Bank of Nigeria (CBN) and threatened to take action against those bearing what it described as unfounded rumors about the bank. There have are been several news...

Table has turned on the Nigerian Stock Exchange (NSE) as retail investors and domestic institutional   investors have dominated the equities market on the Exchange for the month of May, 2016. This segment of investors accounted for 60.95 per cent of trading activities valued at N63.34 billion out of sum of...

The equities transactions on the Nigerian Stock Exchange (NSE) closed on a positive note today as the market All-Share Index appreciated by 0.15 per cent to close at 28,857.34 basis points, compared with the 0.14 per cent depreciation recorded on Monday. Its Year-to-Date (YTD) returns currently stands at +0.75 per...

Niyi Olaoye Fitch Ratings, a global leader in credit ratings and research, has affirmed the long-term National Rating of Wema Bank at BBB- to reflect the improvement in creditworthiness over time relative to the best credits in Nigeria. In Fitch’s opinion, the banking industry will remain challenging considering volatile and...

The Director General, Securities and Exchange Commission (SEC),  Mounir Gwarzo has urged  collaboration of media organizations in the country to ensure effective implementation of the Capital Market ten-year Master Plan. Gwarzo said this today during a meeting with the management of Nigeria Television Authority (NTA), in Abuja. The DG said...

The Chartered Institute of Bankers of Nigeria (CIBN) has inaugurated new committees of council, in a bid to see to the administration of the general affairs of the institute. The new committee will be reporting directly to the Governing Council of the institute with the immediate tasks of repositioning of...

The African Development Bank (AfDB) and the African Securities Exchanges Association (ASEA) signed a 5-year Memorandum of Understanding (MoU) to amplify the impact of their strategically aligned joint efforts to promote resources mobilization to fund Africa’s economic growth. This MoU will provide a collaborative framework for harmonizing and coordinating the...