Wednesday, April 21, 2021

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Nigerian Stock Exchange

Nigeria stock market drops further by N68bn

The bears maintained dominance on the Nigerian Stock Exchange on Friday with the market capitalisation declining further by N68 billion.

Nigerian Stock market extends loss 0.19%

The Nigerian Stock Exchange, NSE, extended losing streak on Wednesday with a loss of 0.19 per cent, amid sell pressure.

Investors shun NSE as marketers lose N38bn in third day of loss-making

The Nigerian Stock Exchange, NSE, says investors have dumped big volumes of shares for sale as Wednesday’s trade ended in the negative territory despite intensified profit-taking efforts.

Dangote Cement dominates as NSE market capitalisation rises by N177bn

The key market indicators of the Nigerian Stock Exchange, NSE, on Thursday posted the first gain for the week, appreciating by 1.40 per cent.

NSE commences week with 0.30% loss

The Nigerian Stock Exchange, NSE, commenced trading for the week on Monday with a loss of 0.30 per cent.

NSE moves 174.68m shares worth N2.01bn in bearish trading

Investors on the Nigerian Stock Exchange, NSE, on Friday traded 174.68 million shares valued at N2.01 billion in 3,695 deals.

Islamic Banking: Jaiz declares N2.4bn profit after tax

The premier Islamic non-interest banking platform in Nigeria, Jaiz Bank PLc., has released its 2019 audited results, declaring a Profit After Tax, PAT, of N2.4 billion.

Access Bank reacts to ‘planned’ sack of 75% workforce, close of branches

Access Bank Plc on Monday denied news making rounds that it would sack 75 per cent of its workforce and as well close over 300 branches.

NSE: Market indicators resume week with 0.01% loss

Activities on the Nigerian Stock Exchange, NSE, opened for the week on Monday with a marginal drop of 0.01 per cent.

NSE maintain bullish trend, investors networth rallied by N191bn

The Nigerian Stock Exchange, NSE, sustained bullish trend on Friday with the market capitalisation rising further by N191 billion due to Nestle gain.

NSE: Investors lose N222bn in 6 hours

Activities opened on the Nigerian Stock Exchange, NSE, for the week on a bearish posture with the market capitalisation losing N222 billion in about six hours of trading.

NASS will pass 2020 budget in December – Gbajabiamila

Speaker of the House of Representatives, Femi Gbajabiamila has said National Assembly would pass 2020 Appropriation bill before end of year if the Executive presents it to the assembly before end of September.

MTN Nigeria declares N566.95bn revenue in six months, offers N2.95 interim dividend

MTN Nigeria Communications Plc has released its unaudited result for the six months ended June 30 and announced an interim dividend of N2.95 per share to its shareholders.

Airtel to sell shares to Nigerians at N454 per share

Airtel Africa Plc, the second largest telecommunications group in Africa is set to sell its shares to Nigerian investors at between N363 and N454 per share.

MTN has paid 275bn SIM infraction fine — NCC

The Nigerian Communications Commission, NCC, on Tuesday said that MTN has paid N275 billion SIM infraction fine as balance of N55 billion was due this month

Olam set to acquire Dangote Flour Mills for N130bn

Olam International Limited, a Singaporean agro-allied company, on Tuesday offered to acquire Dangote Flour Mill, DFM, Plc in a bid worth N130 billion.

NSE: All-Share Index sustains growth by 1.06%

Crucial indices of the Nigerian Stock Exchange, NSE, on Friday grew by 1.06 per cent, sustaining a positive outlook for the second trading day.

Naira loses marginally against dollar at parallel market

The naira on Thursday lost marginally against the dollar at the parallel market in Lagos, exchanging at N361 to the dollar. The News Agency of...

2018: Election phobia, massive foreign investment outflow take toll on Nigerian bourse

The year 2018 was not so rosy for the Nigerian Stock Exchange (NSE) as its crucial indicators depreciated by 19.77 per cent due to uncertainties surrounding the forthcoming general elections.

NSE: Crucial indices down by 0.10% as profit taking persists

Crucial indicators of the Nigerian Stock Exchange, NSE, on Friday dipped by 0.10 per cent following losses by some blue chips. The News Agency of...

Merger: Diamond Bank dominates activity on NSE

Diamond Bank Plc dominated trading activities on the Nigerian Stock Exchange, NSE, on Monday, following its acquisition by Access Bank Plc. The News Agency of...

Access Bank acquires Diamond Bank, set to become Africa’s largest retail bank by customers

The board of Diamond Bank Plc on Monday finally announced its merger with Access Bank Plc expected to be completed in first half of...

Buhari approves renewal of 3 oil licences for Seplat – Official

President Muhammadu Buhari has given consent for the renewal of three Oil Mining Licences, OML, belonging to oil and gas firm, Seplat Petroleum Development...

Experts urge SEC, NSE to woo more local investors

Some capital market analysts on Monday urged the regulators to introduce more incentives that would encourage more local investors’ participation in the nation’s bourse...

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