Nigerian Stock Exchange
Mixta boosts affordable housing with N5 billion liquidity
Amid paucity of funds in the real estate sector, Lagos-based property development firm, Mixta Real Estate Plc has increased its liquidity with N5billion bond, which will be used to refinance existing debts and affordable housing projects.
Conoil profit rises by 23 per cent in full year
Amid harsh operating environment, Conoil plc has posted profit after tax of N2.84 billion in its 2016 operations. The figure represents 23 per cent increase when compared to N2.30 billion achieved in the corresponding period in 2015.
NAICOM warns insurers on late submission of 2016 financial accounts
NAICOM regulation requires insurance firms to submit their financial statements on or before June 30th every year; else they would be barred from engaging in further business activities.
FG spends N200bn on road development in 2016 – Adeosun
Mrs Kemi Adeosun, the Minister of Finance, said the Federal Government invested the sum of N200 billion on roads in 2016.
Berger Paints allays fears of disruption of operations
The Management of paint manufacturing company, Berger Paints Nigeria Plc, has assured the Nigerian Stock Exchange (NSE), and the investing public that the peaceful demonstration by some sections of the staff over the exit date for gratuity would not have adverse effects on its operations.
Rights issue spurs resurgence of primary market activities
According to them, if the trend is sustained, the multinationals and small-scale businesses that are not listed may approach the stock market for listing, further contributing to market growth.
NSE pledges support to NBA section on business law
Speaking during a courtesy visit of the Nigerian Bar Association Section on Business Law (NBA-SBL) to NSE, Onyema said issues of law are taken quite serious with a view to mitigating risks as much as possible.
NSE All-Share Index inches 31,000 mark, amid massive gains
Similarly, the market capitalisation which opened at N10.479 trillion rose by N366 billion or 3.49 per cent to close at N10.845 trillion.NAN also reports that the price rally moved the market indices to 21-month high.
High dividend payouts fail to attract more investors to capital market
Attempts by quoted companies to woo investors with high dividend payouts have not yielded the desired result, as capital market investors blame investment apathy and illiquidity for the poor performance and low share prices and market capitalisation at the Nigerian Stock Exchange (NSE).