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Capital Market

1 Feb 2015
THE Nigerian Pension Commission (PENCOM) said it is currently working with the mortgage refinancing companies to ensure that PENCOM assets are redeployed in the capital market.   A mortgage liquidity facility or mortgage refinance company is a secondary market institution providing long term funds to mortgage lenders.    A mortgage liquidity facility could provide an…
29 Jan 2015
APPARENTLY irked by the dominance of foreign investors in the nation’s capital market, stakeholders, yesterday, stressed the need for expansion of local institutional investment capacity to attract more retail participation and spur activities in the primary market segment.    This, top the highlights of a one-day dialogue on ‘The Capital Market and 2015 Federal budget…
29 Jan 2015
THE equities market closed yesterday on a negative note, as Nigerian Stock Exchange[NSE] All Share Index[ASI] depreciated by 0.89 per cent to close at 29,642.38 basis points, compared with the 0.16 per cent appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at  14.47 per cent.   Market breadth closed negative as Cap led 19…
28 Jan 2015
THE Securities and Exchange Commission (SEC) has stated that it would empower trade groups and Self Regulatory Organisations (SROs) in the Nigeria Capital Market to settle complaints in their various groups so that only unresolved issues can be reported to the Commission     Acting Director General of the Commission,  Mounir Gwarzo made this clarifications recently…
28 Jan 2015
SECURITY Africa Financial Limited has stressed that the new  ‘Real Trade’ online trading platform, would boost retail investors’ participation in the market.    The platform would also enable investors who are bored with the traditional method of buying shares through stockbrokers by given order to buy or sell to access a different option.   Speaking…
27 Jan 2015
PAC Asset Management Limited (PACAM), a subsidiary of Pan African Capital Plc  has received regulatory approval to offer for subscription,  a balance fund of N1billion units of N1.00 each at par, with minimum subscription of 50,000 units and multiples of 10,000 units thereafter.    The offer, which is payable in full on application, according to…
27 Jan 2015
THE arrangers of Haldane McCall Real Estate Investment Trust (HMK REIT) have announced the extension of the Initial Public Offering (IPO) which opened on December 4th, 2014.    The announcement was made following the approval granted by the Securities and Exchange Commission (SEC) for the extension of the offer period.    The offer initially billed…
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…

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