Tuesday, 27th September 2022
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Capital Market

26 Jan 2015
FOLLOWING price losses suffered by most bluechip companies, equity transactions on the floor of the Nigerian Stock Exchange yesterday re-opened on a downward note, as market capitalisation dropped by N10 billion.     Specifically, the market capitalisation of listed equities went down by 0.10 per cent to N9.919 trillion from N9.929 recorded last week Friday. Also…
26 Jan 2015
ACTING Director General of the Securities and Exchange Commission (SEC) Mournir Gwarzo has reiterated its commitment deepen investors’ education for  both retail and institutional investors.    This, according to him would help develop the market and improve the level of  domestic investment  in the country.     Gwarzo who spoke in Abuja when he received members…
25 Jan 2015
THE National Assembly may soon commence deliberations on “Private Companies Conversion and Listing Bill, 2013”, aimed at enforcing the listing  of certain private companies  on the Nigeria Stock Exchange (NSE).   Companies to be affected are those with shareholders’ funds in excess of N40 billion or with yearly turnover of over N80 billion or its…
25 Jan 2015
• Oando announces extension of acceptance period for offer TRANSACTIONS in the shares of some companies, especially, Oando and  Mutual Benefits Assurance,  last week, lifted the volume of shares traded, a turnover of 2.119 billion shares worth N25.941 billion were traded this week in 21,044 deals by investors on the floor of the Exchange.  …
22 Jan 2015
THE equities market closed Thursday on a negative note, as Nigerian Stock Exchange [NSE All Share Index [ASI] depreciated by 0.24 per cent to close at 29,687.93 basis points, compared with the 0.20 per cent depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -14.34 per cent.   Market breadth closed negative as Mansard…
22 Jan 2015
NSE names Stanbic IBTC Stockbrokers ‘Best Dealing Member’ THE Securities and Exchange Commission (SEC) has pledged its commitment to ensure that the market remains vibrant in order to attract investors both locally and internationally.     The Acting Director General of the commission, Mounir Gwarzo gave the assurance when he received members of the Chartered Institute…
21 Jan 2015
THE  National Association of Securities Dealers [NASD] Plc, which is the platform for the trading of unlisted securities in the over-the-counter (OTC) has declared total market capitalisation of ₦590 billion, with a nominal value of ₦41 billion as at 31 December, 2014. Total number of issued shares that can trade on the market is therefore…
21 Jan 2015
Lists determinant in equities movement for 2015  UNITED Capital Plc, formerly UBA Capital has released a report, which contains a detailed review of the market in 2014 with projections for 2015, even as the firm listed four major factors expected to largely dictate movement in both equity and fixed income markets albeit in different degrees…
20 Jan 2015
EQUITY transactions on the floor of the Nigerian Stock Exchange yesterday sustained rising profile, following price gains recorded by major bluechip companies, as the market capitalisation of listed equities appreciated by N15 billion.     Specifically, at the closed of transactions yesterday, market capirtalistion increased by 0.15 per cent to N9.321 trillion from N9.917 trillion recorded…
20 Jan 2015
FSDH Asset Management Limited has stated  that Nigeria’s housing challenges will be partly addressed with increased investment in Real Estate Investment Trust, REIT, as it is currently enabling the construction of properties for different classes of individuals and corporate organisation in different parts of the country. According to the firm, given the huge capital that…
19 Jan 2015
THE equities market closed yesterday on a positive note, as Nigerian Stock Exchange [NSE] All Share Index [ASI] appreciated by 2.54 per cent  to close at 29,773.40 basis points, compared with the 0.78 per cent appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at 14.09 per cent.   Market breadth closed positive as Guaranty…
19 Jan 2015
CAPITAL market operators under the aegis of the Chartered Institute of Stockbrokers (CIS), Association of Stockbroking Houses of Nigeria (ASHON) and Association of Issuing Houses of Nigeria (AIHN) have urged local institutions with strong capacity to invest in the capital market to reduce the dependence on foreign investors and prevent unnecessary shocks.   Speaking during…


15 mins ago
Ifeanyi Ejiofor, the lawyer to the leader of the Indigenous People of Biafra (IPOB) Nnamdi Kanu, alleged that the Department of State Services (DSS) has shortchanged Kanu’s medication and has called for the unconditional release of his client.
19 mins ago
Tougher times await drug barons and cartels operating in Nigeria if they fail to back out of their criminal trade and embrace legitimate ventures. Chairman/Chief Executive of the National Drug Law Enforcement Agency, NDLEA, Brig. Gen. Mohamed Buba Marwa (Rtd) gave the assurance on Tuesday, September 27, 2022, while leading stakeholders to witness the crushing and setting ablaze 1.8 tons of cocaine recovered by the Agency from a warehouse in the Ikorodu area of Lagos last week.
24 mins ago
A pregnant woman known as Mrs Vivian Charles has alleged that the Divisional Police Officer (DPO ) of Elelewon Police Division, in Obio/Akpor LGA physically assaulted he while at the station to bail her relative on Monday.
34 mins ago
The Universal Basic Education Commission (UBEC), has commended the Government of the Republic of Korea, through its grant aid agency, Korea International Cooperation Agency (KOICA), for training Nigerian government officials to increase the capacity of teachers in the country.
39 mins ago
Some military retirees have blocked the entrance gate of the Defence Ministry, demanding payment of their benefits by the federal government.