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…

Buying interest in some bellwethers reversed the downward trend on the equity sector of the Nigerian Stock Exchange (NSE), as the market capitalisation appreciated marginally by N8 billion to close at N11.244 trillion.  Yesterday, the All -share index (ASI) gained 21.13 absolute points, representing a growth of 0.07 per cent to close at 29,919.44 points.…

Following profit-taking in some bellwethers, transactions on the trading floor of the Nigerian Stock Exchange (NSE), extended the negative streak as the All Share Index plunged further by 0.6%.

Japaul Oil & Maritime Services traded higher at the end of yesterday’s transactions on the equity sector of the Nigerian Stock Exchange...

Though the combined profit, in excess of N720 billion, of the five top-tier banks on the Nigerian Stock Exchange (NSE) has remained strong, investors are showing apathy towards banking stocks.

The brewery subsector has also come under the onslaught of unfavourable macroeconomic factors induced by the impact of stiff competition, lower consumer spending and pressured production volumes, and infrastructure deficit, which moderated earnings of the brewing companies, with attendant depression of profit margin.   Additionally, worsening security situation in Nigeria’s middle-belt region has put significant…

President of Dangote Group, Aliko Dangote, and former president of Nigeria Labour Congress (NLC), Hassan Sunmonu, will bag honorary doctoral degrees on Saturday, as Ahmadu Bello University (ABU), Zaria, graduates 15,289. While Dangote adds Doctor of Letters to his cap, Sunmonu becomes Doctor of Science. The university’s registrar, Abdullah Kundila, stated yesterday that during the…

The bulls strengthened their hold on the equity sector of the Nigerian Stock Exchange (NSE), as more bluechip stocks appreciated in price, causing the All-share index to rise further by 0.4 per cent.

The Nigerian Stock Exchange (NSE) sustained a rising profile at the end of transactions yesterday, following improved performance on the shares...

Transactions on the equity sector of the Nigerian Stock Exchange (NSE) reopened on a downturn yesterday following price losses suffered by most highly capitalised stocks, as market capitalisation depreciated by N24 billion.

Failure on the part of the government to provide the needed economic direction to spur activities in the market has continued to take tolls...

The dominance of the bears has continued unabated on the equity sector of the Nigerian Stock Exchange (NSE), even as more blue-chip stocks join the league of losers, resulting to a further slide in market capitalisation by N2billion.     Specifically, at the close of transactions yesterday, the All-share index (ASI) shed 3.67 absolute points,…