Stock market index sustains sliding profile, down by 0.7%
The reign of the bears continued unabated on the equity sector of the Nigerian Stock Exchange (NSE), as more blue-chip stocks constituted the losers chart, resulting to a further slide in the All-share index by 0.7 per cent.
Market capitalisation lost N48bn, amid profit taking
The Nigerian equities market resumed trading for the week on consolidation of a five-day losing streak with a loss of N48 billion due to bargain hunting.
Persistent bulls run pushes market index further by N408b
Sustained bargain-hunting extended the bullish run into the fifth consecutive trading day, causing market capitalisation to rise significantly by N408 billion. Yesterday, the All-Share Index (ASI) gained 927.01 absolute points, representing a growth of 3.07 per cent to close at 31,145.15 points. Similarly, the market capitalisation gained N408 billion to close at N13.718 trillion.…
Bellwethers push stock market index by 1.74 per cent
Trading on the floor of the Nigerian Stock Exchange (NSE), reopened in an upbeat yesterday, following price gains in many bellwether stocks...
MTN secures fresh 200b loan, targets capex expansion of 4G services, others
Barely 24 hours after it listed 20.4 billion ordinary shares at N90 on the Nigerian Stock Exchange (NSE), MTN has secured fresh loan of ₦200 billion from seven Nigerian financial institutions. This loan is coming barely a year after MTN was also granted ₦200 billion loan by the banks. The new agreement was formally…
MTN Nigeria registers to list 20.4 billion shares at 0.02 naira each
MTN Nigeria said on Tuesday it has registered to list 20.4 billion ordinary shares at 0.02 naira ($0.0001) each with the country’s securities regulator. The South African telecoms firm said in its statement it has started negotiations with the stock exchange to complete the listing. Details later.
MTN Nigeria changes to Plc, to list by introduction on NSE
MTN Nigeria has announced that it has completed its conversion from a private company to a public company- one step closer to listing on the Nigerian Stock Exchange (NSE). MTN would however list by introduction, rather than an initial public offering (IPO), as previously expected. In a statement on Wednesday, MTN said the proposed listing…
SEC yet to receive application from MTN Nigeria on proposed listing
The Securities and Exchange Commission (SEC) has said that MTN Nigeria Limited has not filled any application with the commission regarding the proposed listing by Introduction.
Confusion over Teleology Holding’s alleged plan to pull out from 9mobile
Hints about Teleology Holdings’ pulling out from the operations of 9mobile as the preferred bidder has emerged.