Financial stocks contribute 79.6 per cent to NSE’s turnover
The financial services industry dominated in volume terms on the equity sector of the Nigerian Stock Exchange (NSE) with 1.169 billion shares valued at N10.241 billion in 12,697 deals, thus contributing 79.59 per cent to the total equity turnover volume.
Lagos engineers set up highways arm, urge maintenance culture
Apparently to address the problem of road transport infrastructure in the country, the Nigerian Society of Engineers (NSE), Lagos chapter, has formally inaugurated a new body, Nigerian Institution of Highways and Transportation Engineering (NIHTE).
UBA, Zenith Bank, others lift NSE’s turnover by N26.4b
Heavy transactions in the shares of some banks, especially United Bank For Africa Plc (UBA) and Zenith Bank, last week, enhanced the volume of shares traded, as a turnover of 2.387 billion shares worth N26.381 billion were recorded in 28,072....
Interbank trades record $76.8m at N283 per dollar
Cenral Bank of Nigeria (CBN) for the fourth consecutive day participated at the inter-bank foreign exchange market with dollar auction to ease shortages as demand begins to return, while transactions closed at N283 per dollar.
Why fuel will exceed N200/litre
Certainly, the price of fuel will rise. It is the result of economic activities, which we can’t fight against or pretend about. I think we should concern ourselves with what the way forward should be, particularly, on the long term.
Court dismisses appeal against former SEC DG, Okereke–Onyiuke
An Appeal Court sitting in Lagos yesterday dismissed the appeal filed by the Nigeria Security and Exchange Commission (SEC) against the ruling of Justice Mohammed Idris.
NSE’s indices sustain sliding profile, down by N24b
Equity transactions on the Nigerian Stock Exchange continued on a downward note yesterday, as major highly capitalised stocks depreciated in price, resulting to a further slide in market...
NSE indices plunge further by 0.47%
Activities on the Nigerian Stock Exchange (NSE) resumed on Monday with on a low note with market indices depreciating further by 0.47 per cent from Friday’s performance.
Underwriting firms yet to overcome challenges of IFRS compliance
Industry sources said that although a large number of the underwriting companies have submitted their statements of accounts to the commission for approval, some of them may not be approved.