• Nigerian equity market increased by 1.88 percent to extend an uptrend for the third consecutive day

    Nigerian equity market increased by 1.88 percent to extend an uptrend for the third consecutive day

    The Nigerian equity market on Friday increased by 1.88 percent to extend an uptrend for the third consecutive day with the market capitalisation improving by N164 billion.

    The market capitalisation inched N164 billion or 1.88 per cent to close at N8.855 trillion against N8.691 trillion achieved on Thursday.

    Also, the All-Share Index rose by 475.75 points or 1.88 per cent to close at 25,740.83 compared to 25,265.08 posted on Thursday, amid huge gains by some blue chips.

    Market analysts said that the market […]

  • Nigeria Stock Exchange closes for November with marginal growth of 0.03 per cent

    Nigeria Stock Exchange closes for November with marginal growth of 0.03 per cent

    The market indices at the Nigerian Stock Exchange, NSE, on Wednesday closed higher for November with a marginal growth of 0.03 per cent.

    Specifically, the All-Share Index appreciated by 8.21 points or 0.03 per cent to close at 25,241.63 against 25,233.42 achieved on Tuesday.

    Also, investors staked N3.42 billion on 414.16 million shares transacted in 2,567 deals.

    This represents a turnover of 511.58 million shares valued at N1.69 billion exchanged in 2,342 deals on Tuesday.

    The News Agency of Nigeria reports that the market […]

  • NSE market capitalisation hits N127b

    NSE market capitalisation hits N127b

    Transactions on the Nigerian Stock Exchange on Tuesday closed on a bullish note, with market capitalisation appreciating by N127 billion or 1.33 per cent as some major stocks sustained price gains.

    The News Agency of Nigeria reports that the day’s trading closed at N9.69 trillion, rising from N9.56 trillion recorded on Monday.

    Also, the All-Share Index, which opened at 27, 839.93 points, improved by 370 points or 1.33 per cent to close at 28,209.93 points.

    Dangote Cement stock gained N6.79 per share to […]

  • NSE to sanction 14 firms for earnings’ report default

    NSE to sanction 14 firms for earnings’ report default

    The Nigerian Stock Exchange (NSE) will sanction 14 firms for failing to meet July 31 deadline for the submission of their interim financial and operational reports.

    NSE sources said at the weekend that the firms were to submit their first half and second quarters’interim earnings report and accounts by that date.

    NSE’s Post-listing rules require quoted companies to submit their audited earnings’reports, not later than three months after the expiration of the period. The rules also require quoted companies to submit their […]

  • NSE wants COREN abolished, replaced with a chartered body

    NSE wants COREN abolished, replaced with a chartered body

    The Nigerian Society of Engineers (NSE) has disclosed that it is currently working with the National Assembly to promulgate a law which will abolish its existing regulatory and compliance arm, the Council for the Regulation of Engineering in Nigeria (COREN) and then set up a fresh chartered body to replace it.

    NSE said the body to emerge from COREN’s imminent abolition will be known as the Nigerian Society of Engineering Personnel (Chartered), and that it will, among other responsibilities, take up […]