Thursday, April 22, 2021



COVID-19: SEC to establish N100bn health fund

The Securities and Exchange Commission, SEC, will establish an N100 billion Strategic Health Impact Fund for Transformation, SHIFT, to support the fight against COVID-19 in the country.

SEC endorses appointment of CEOs for demutualised NSE entities

The Securities and Exchange Commission, SEC, has approved the appointments of the chief executives officers of the demutalised exchange and their operating subsidiaries.

Again, Nigerian stock market down by 0.04%

Negative sentiments resurfaced on the Nigerian Stock Exchange, NSE, on Wednesday with the key indicators dropping by 0.04 per cent due to profit taking...

NSE moves 587.74m shares worth N13.62bn in bearish trading

Investors on the Nigerian Stock Exchange, NSE, on Friday staked N13.62 billion on 587.74 million shares in 4,895 deals. This was in contrast with 493.17...

Nigeria to re-base GDP in 2021- Statistician-General

The Statistician-General of the Federation, Yemi Kale, says the nation will re-base its Gross Domestic Product, GDP, later in the year.

NSE resumes 2021 with N459bn growth, index crosses 41,000 mark

The Nigerian Stock Exchange, NSE, resumed trading in 2021 on a bullish trend with the All-Share Index surpassing the 41,000 mark, as investors continued...

BUA opens cement factory in Adamawa, Edo, Sokoto

BUA Cement Plc on Tuesday notified the Nigerian Stock Exchange, NSE, shareholders and the investing public of its plans to build three additional production lines in Adamawa, Edo and Sokoto states.

Nigeria stock market gains N334bn on Dangote Cement share buyback

The Nigerian Stock Exchange, NSE, gained N334 billion on Monday due to buying interest in Dangote Cement and 22 other stocks. Specifically, the market capitalisation...

NSE loses 0.25%, amid profit-taking on Tier 1 banks

Negative sentiments continued on the Nigerian Stock Exchange, NSE, on Thursday with the market indices dropping further by 0.25 per cent, amid sell pressure...

AI, Robotics key to 4th industrial revolution – DG NITDA

The Director General, National Information Technology Development Agency, NITDA, Kashifu Inuwa, has reiterated that emerging technologies such as Artificial Intelligence and Robotics are going to power the fourth industrial revolution.

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.

NSE opens February trading with N160bn loss

In spite of an influx of unaudited 2019 full year results, trading on the nation’s bourse opened for February on a bearish posture, as investors’ sentiment remained weak.

Engaging certified engineers panacea for building collapse – Expert

Simon Ibi, Chairman, Nigerian Society of Engineers, NSE, Nasarawa State Chapter, has called for engagement of certified engineers in building construction in order to address incessant collapse of buildings in Nigeria.

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.

NSE postpones Airtel listing at NSE

NSE had on Thursday, assured that all was set for today’s proposed dual/cross-border listing of its entire issued 3,758,151,504 ordinary shares of Airtel Africa Plc on its main board.

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