ONO Foundation to lift indigent students
ONO Foundation is a not-for-profit and non-political organisation set up to transform the lives of less privileged children and youth in Nigeria, the Chief Executive Officer of the Nigerian Stock Exchange (NSE), Oscar Onyema has said.
Exchange commends Africa Prudential’s initiative at bourse
Africa Prudential Plc has been commended by the Nigerian Stock Exchange (NSE) for championing laudable initiatives, which have contributed significantly in the development of the Nigerian capital market.
Predominance of rights issues and ownership structure challenges
With the prevalence of rights issues in the nation’s capital market in 2017, stakeholders have raised concerns of possible effect on ownership structures of listed firms that embarked on the exercise. The stakeholders, who expressed worry on the quantum of rights issues floated in the market last year, totaling over N360 billion cited the…
Nigerian bourse restructures market operations
The Nigerian Stock Exchange (NSE) has unveiled the review of the entire equity market structure, due to take effect July 2, 2018, targeted at creating a level playing field for all market participants and enable investors deploy broader trading strategies, best execution and gain benefit from enhanced market depth.
Stock Exchange makes N3.8 billion record high profit
The emergence of the Nigerian Stock Exchange (NSE) as the third best performing stock in the world last year has impacted on its performance for the 2017 financial year, resulting to an operating surplus after tax or Profit After Tax (PAT) of N3.79 billion. The NSE made this known at the presentation of its results…
Fashola prescribes solutions for sustainable economic rebound
Minister of Power, Works and Housing, Babatunde Fashola has stated that there is need for increased capital spending on critical infrastructure if Nigeria must witness meaningful economic rebound.
Shareholders approve CSCS N3.5 billion total dividend
Shareholders of the Central Securities Clearing System (CSCS) on monday approved the company’s total dividend of N3.5 billion, translating to 70 kobo per share due to every investor of the firm for the 2017 financial year.
NSE, ASHON to fast-track roll-out of futures, commodity exchange
Preparation for seamless take-off of the proposed Lagos Commodity and Futures Exchange (LCFE) was strengthened, as the Association of Stockbroking Houses of Nigeria (ASHON) and the Nigerian Stock Exchange (NSE) signed a Memorandum of Understanding (MOU) last week.
‘Credibility of market is critical to effective derivatives’
The Former Chairman of the United States Commodities Futures Trading Commission (US CFTC), James Stone, has stated that a high level of credibility is needed to ensure efficiency in the new derivatives market.