The volume of dollars traded (turnover) in the Investors and Exporters (I&E) window of the foreign exchange market rose by four per cent, year on year (y/y), to $62.37 billion last year from $59.75 billion in 2018. Meanwhile, the naira depreciated slightly by 51 kobo in the I&E window in 2019, as the indicative exchange[...]
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The Chief Executive of Nigerian Stock Exchange (NSE), Mr. Oscar Onyema has restated the exchange’s zero tolerance policy on all infractions in the nation’s capital market. Speaking at the induction ceremony for newly qualified Dealing Clerks in Lagos, Onyema said to accentuate the zero tolerance policy, the NSE signed a memorandum of understanding (MoU) with[...]
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Trading on the Nigerian Stock Exchange (NSE) rallied on Thursday following renewed positive sentiment in banking and oil and gas stocks after dropping for two consecutive days. Specifically, the All-Share Index which opened at 26,790.10 increased by 34.40 points or 0.13 per cent to close at 26,824.50. Also, the market capitalisation inched N17 billion to[...]
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Transactions on the equities sector of the Nigerian Stock Exchange (NSE), reversed previous gains to close on a downward note yesterday, occasioned by to sell pressure in 20 stocks, causing the the All Share Index (ASI) to plunge by 0.2 per cent. Precisely, the ASI decreased by 40.70 absolute points, representing 0.2 per cent decline[...]
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The nation’s debt profile rose from N24.95 trillion to N25.7 trillion in the last three months. One year ago, it was N22.38 trillion. The development showed that between April and June, the country’s obligations rose by N750 billion, and increased by N3.32 trillion when compared with the debt figures as of June 30, 2018. Government[...]
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The Nigerian Stock Exchange (NSE) yesterday listed the Greenwich Alpha ETF by Greenwich Asset Management Limited. The Greenwich Alpha ETF units were listed at N100 each following an initial public Offer (IPO). Greenwich Alpha is an open-ended ETF which tracks the NSE 30 Index, an index which constitutes 30 of the most liquid and capitalised[...]
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Foreign investors pulled out N1.77 trillion from the nation’s stock market in the last two years, citing insecurity and economic uncertainties. Many blue-chip companies quoted on the stock exchange also experienced huge losses within the period. Specifically, N435.31 billion in foreign portfolio investment outflow was recorded in 2017, while foreign investors withdrew N642.65 billion during[...]
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The Nigerian Stock Exchange has fined Access Bank Plc, Diamond Bank Plc and First Aluminium Plc a total of N8.12m for disclosure violations. The NSE, in its latest X-Compliance report, said the Access Bank and Diamond Bank were fined for failing to disclose the resolutions passed at the meeting of their board of directors. Access[...]
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In a statement by its Country Communication Coordinator, Niniola Ayanda, yesterday, the group said: ”Rather than an increase in VAT at this time, other avenues could be explored in the short term such as the removal of petroleum subsidy, which many have argued does not benefit the Nigerian populace. “The plugging of fiscal leakages, a[...]
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Today at the Stock Market, these are the current rates. Our country recently experienced elections and is still quite unstable according to experts. The picture above just shows our current position.
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Cadbury Nigeria Plc has appointed Oyeyimika Adeboye as its first female managing director since the company was established over 50 years ago. According to a notice posted on the Nigeria Stock Exchange (NSE) on Thursday, Adeboye’s appointment is effective from April 1. She takes over from Amir Shamsi, who moves on to a new role[...]
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