Tag: NSE
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Beware of pump and dump on NSE – Dele Sobowale
As a shareholder of the First Bank, I should be happy that the share price, which remained stuck at N7.50 suddenly started climbing for reasons at first
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Oscar Onyema completes 10-year tenure as CEO of NSE
The Nigerian Stock Exchange (NSE) says Mr Oscar Onyema has completed his tenure as its Chief Executive Officer (CEO) after a 10-year period. Mr Olumide Orojimi, NSE Head of Corporate Communications, said in a statement on Tuesday in Lagos, that a closing gong ceremony was held on April 1 to honour Onyema. Also, Otunba Abimbola…
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NSE completes demutualisation
The Nigerian Stock Exchange (NSE) has received final approvals of its demutualisation plan from the Securities and Exchange Commission (SEC) and Corporate Affairs Commission (CAC) respectively. With these approvals, The Exchange has now completed its demutualisation process. Under the demutualisation plan, a new non-operating holding company, the Nigerian Exchange Group Plc (‘NGX Group’) has…
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The manipulated NSE set to crash – Dele Sobowale
“History does not repeat itself; man does.” Professor Barbara Tuchmann, Harvard University, USA. By Dele Sobowale Transcorp Plc was a conspiracy between former President Obasanjo and a few Nigerian billionaires – virtually all of them silent supporters of the Third Term agenda. The only vocal advocate of the satanic term elongation was Festus Odimegwu, CON,…
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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 to position ahead of full year results and dividiend declaration. Specifically, the All-Share Index inched higher by 876.67 points or 2.18 per cent to close at 41,147.39 from 40,270.72 achieved on…
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NSE triggers index circuit breaker, suspends trading
Trading activities on the floor of the Nigerian Stock Exchange (NSE) were on Thursday suspended for 30 minutes after the All-Share Index (ASI) increased by over 5 per cent. During the trading session, the index jumped to 5.08 per cent, forcing the management of the exchange to trigger the index circuit breaker. An index circuit…
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NSE suspends trading in shares of six firms
The management of the Nigerian Stock Exchange (NSE) has suspended trading in the shares of six companies listed on its trading platform. As a result of this action, shareholders of the affected firms will not be able to trade the stocks of the companies at the exchange until the embargo is lifted by the NSE.…
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Nigeria’s unclaimed dividends hit N158.44bn in 2019
The total unclaimed dividend figure in the Nigerian capital market stood at N158.44 billion as of December 2019, the News Agency of Nigeria (NAN) reports. Data obtained exclusively by NAN from the Securities and Exchange Commission (SEC) show that the figure is still on the increase in spite of e-dividend registration introduced by SEC in…
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NSE resumes April trading with 0.94% loss
Activities opened for the month of April on Wednesday still on a bearish trend, with a loss of 0.94 per cent. The News Agency of Nigeria (NAN) reports that the All-Share Index (ASI) dipped199.93 points or 0.94 per cent to close at 21,100.54, compared with 21,300.47 on Tuesday. Similarly, the market capitalisation declined by N104…
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NSE approves Dangote’s request to merge with Savannah Sugar
An application filed by Dangote Sugar Refinery Plc for its merger with Savannah Sugar Company Limited has been approved by the Nigerian Stock Exchange (NSE). The application was for an approval to list 146,878,241 ordinary shares of 50 kobo each arising from a Scheme of Merger between Dangote Sugar Refinery and Savannah Sugar Company Limited.…