Nigerian Stock Exchange
Investors’ wealth appreciate by N214b in three trading days
Similarly, the All-share index rose by 618.64 points from 37,525.38 to 38,144.02. On the price movement chart, 21 stocks appreciated, led by Guinness Nigeria with 10.23 per cent to close at N87.50 per share.
Government offers savings bonds at double rates
The FGN Savings Bond is promoting savings culture in the country, and enhancing financial inclusion. According to the Debt Management Office (DMO), the two-year bond will be due in August 2019, while the three-year bond has a maturity date of August 2020.
Deals on Nigerian Stock Exchange hit N97.08 billion in July
Investors on the Nigerian Stock Exchange (NSE) exchanged 8.66 billion shares valued at N97. 08 billion transacted in 89,911 in July, the News Agency of Nigeria (NAN) reports.
Financial stocks contribute 59.9% to NSE’s volume
A total of 5,850 units of Federal Government Bonds valued at N5.702 million were traded this week in seven deals, compared with a total of 750 units valued at N695,229.29 transacted last week in eight deals.
Nigeria’s stockbrokers set to trade in Britain, others
Barring unforeseen circumstances, stockbrokers in Nigeria may soon have the flexibility of trading in the United Kingdom, and many other countries following the special training...
Investors urge market regulators to ensure transparency in post-demutualisation
Capital market stakeholders, investors have urged the regulators to ensure that share allotment is done in a transparent manner to boost post demutualisation.
Rush for bonds may threaten banks, stock market
The savings bond has a minimum subscription of N5,000 and a maximum of N50million at 13 per cent coupon rate. The benefit of this bond is that the interest income from the Savings Bond is tax-free.
Stock Exchange reform bill gets stakeholders’ nod at NASS
The Bill also seeks to promote efficiency in the creation and harnessing of capital, as well as creating liquidity in the market and adopting and strengthening corporate governance best practices.
Onyema identifies corporate governance as pre-requisite for promoting economic growth
Chief Executive Officer, Nigerian Stock Exchange (NSE) Oscar Onyema, has identified economic and corporate governance practices as pre-requisites for promoting economic growth, reducing poverty and promoting market efficiency.