Tag: Capitalisation
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UBA surpasses N1trn market capitalisation mark
Africa’s Global Bank, United Bank for Africa (UBA) Plc, has joined the group of companies with market capitalisation of over N1 trillion, as its share price value hits N29.90 per share. At the close of trading of the Nigerian Exchange Ltd. (NGX) on M
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NAICOM bows to pressure, cancels insurance industry’s recapitalisation ‘with immediate effect’
The National Insurance Commission (NAICOM) on Friday cancelled the Tier Based Solvency Capital recapitalisation of the underwriting sector with immediate effect. The commission gave this notice in a circular to all insurance companies on ‘Withdrawal of circular on Tier Based Solvency Capital policy for insurance companies in Nigeria’, which was signed by the Director, NAICOM,…
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NSE market capitalisation loses N416bn in five days
The market capitalisation of the Nigerian Stock Exchange lost N416 billion in five trading days due to exit of foreign investors following delay in 2018 budget passage. Market statistics obtained by the News Agency of Nigeria showed that the market capitalisation which opened trading on May 21 at N14.660 trillion shed N416 billion or 2.84…