The Nigerian Stock Exchange market capitalisation gained N239 billion in about six hours of trading on Wednesday, due to crash in money market instruments and improved third quarter earnings. Specifically, the market capitalisation which opened at N15.147 trillion rose by N239 billion or 1.58 per cent to close at N15.386 trillion. Also, the All Share Read More…
The World Trade Organization’s bid to select a new leader was plunged into uncertainty on Wednesday after the United States rejected the Nigerian woman proposed as the global watchdog’s next director-general. Three WTO ambassadors, charged with finding a successor to Brazilian Roberto Azevedo, had decided that Nigerian former finance minister Ngozi Okonjo-Iweala should be the Read More…
The Nigerian Stock Exchange (NSE) will be seeking members approval to undertake a listing by introduction at the 59th Annual General Meeting (AGM) slated for Nov. 18. The NSE disclosed this in a notice signed by Mrs Mojisola Adeola, the Council Secretary, posted on its website on Wednesday to notify members of the AGM. The Read More…
The October Purchasing Managers’ Index for the manufacturing sector stood at 49.4 index points, indicating a reversal of five consecutive months of contraction which started in May. This is according to the result of PMI survey released by the Statistics Department of Central Bank of Nigeria (CBN) on Tuesday. The manufacturing PMI for the month Read More…
The bulls on Tuesday continued to dominate trading on the nation’s bourse with the market indices improving further by 0.70 per cent, amid increased buying interest. Speficially, the All-Share Index on Tuesday rose by 202.33 points or 0.70 per cent to close at 28,980.29 compared with 28,777.96 achieved on Monday. Also, the market capitalisation inched Read More…
The MTN Group on Monday announced two important new appointments: that of chief executive officer of major subsidiary MTN Nigeria Communications Plc and that of MTN Group chief risk officer, a new group executive committee (exco) position. Both are effective from 1 March 2021. Karl Olutokun Toriola, current vice president for MTN Group’s West and Central Read More…
The Lagos Chamber of Commerce and Industry (LCCI) has implored all stakeholders to prioritise dialogue and constructive engagement to rebuild the nation from the aftermath of the #EndSARS protests. LCCI President, Mrs Toki Mabogunje, gave the advice in a statement issued in Lagos on Monday. Mabogunje reiterated the chamber’s position on the imperative of peace, Read More…
Some experts in the capital market say the EndSARS protests and curfew imposed in some states did not have any significant impact on the capital market. The experts, who spoke with the News Agency of Nigeria (NAN) in separate interviews in Abuja on Monday, said the stability of the market was due to improved stock Read More…
The Chartered Institute of Stockbrokers (CIS) on Sunday urged the Federal Government to leverage investment opportunities in the capital market for medium and long-term capital to bridge infrastructure deficit. The CIS President, Mr Olatunde Amolegbe, said this in a statement on Sunday in Lagos. Amolegbe said that the Nigerian capital market would definitely help in Read More…
The Nigerian Stock Exchange (NSE) on Friday sustained positive trend with the market indices appreciating further by 0.47 per cent. Specifically, NSE the All-Share Index rose by 133.19 points or 0.47 per cent to close at 28,697.06 compared with 28,563.87 achieved on Thursday. Similarly, the market capitalisation which opened at N14.929 trillion improved by N70 Read More…