Tag: NSE
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Coronavirus: Panic mood on NSE as market capitalisation loses N308bn
Trading on the Nigerian Stock Exchange (NSE) on Friday ended on panic mood, as the country recorded the first Coronavirus case after Egypt and Algeria. The News Agency of Nigeria (NAN) reports that the panic mood affected trading on the exchange with the market recording only two gainers against 41 losers. Consequently, the market capitalisation…
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Investors Gain N13bn on First Trading Day of 2020
The Nigerian Stock Exchange (NSE) started the year 2020 on a positive note after it appreciated by 0.10 percent on the first trading day of the decade on Thursday. From observations, the local bourse was looking like it would kick off the year on a wrong foot, but stocks in the insurance space came to…
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NSE Changes Pricing Methodology for Stocks
The rules governing price movements of equity securities traded of the Nigerian Stock Exchange (NSE) have been amended to ensure overall market stability and efficiency and fairness in pricing NSE securities. Recall that on January 29, 2018, the exchange implemented amendments to its pricing methodology and par value rules that saw the categorization of quoted…
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NSE fines three companies N39.2m
Three companies trading their shares on the Nigerian Stock Exchange (NSE) have been sanctioned for not filing their financial statements at the appropriate time and for this, the three affected companies were fined a cumulative sum of N39.2 million. According to a regulatory document, the trio sanctioned by the stock exchange are Guinea Insurance, Niger…
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NSE celebrates Pa Akintola Williams at 100, beats closing gong
Pa Akintola Williams, the doyen of accounting in Nigeria, was honoured at the Nigerian Stock Exchange (NSE) with a closing bell ceremony on Monday, September 30, 2019. Pa Williams, who clocked a milestone of 100 years old in August, was specially celebrated by the NSE for his contribution to the establishment of the organisation. The…
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Airtel Africa lists on NSE, promises value creation
Airtel Africa Plc on Tuesday listed on the Nigerian Stock Exchange (NSE), promising to build leadership position that would create values to all stakeholders. Mr Segun Ogunsanya, the Chief Executive Officer and Managing Director, Airtel Nigeria, gave the assurance during the listing. He said that Nigeria was a great place for business and Airtel Africa…
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Airtel Africa to list 3.758bn shares on NSE Tuesday
Tuesday, July 9, 2019 has now been fixed as the new date for the listing of about 3.758 billion ordinary shares of Airtel Africa Plc on the Nigerian Stock Exchange (NSE) at a unit price of N363. The exercise was earlier scheduled for Friday, July 5, 2019, but was postponed at the last minute as…
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NSE revokes licences of 38 stockbroking firms [Full list attached]
A total 38 stockbroking companies in the nation’s capital market have been expelled by the Nigerian Stock Exchange (NSE) over their acute level of inactivity, irredeemably weak operating status and infractions against the extant rules at the exchange. It was gathered that the operating licences of the affected firms have been revoked by the NSE…
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NSE lifts suspension on trading in Conoil shares
The embargo earlier placed in the trading in the shares of Conoil Plc, an energy firm on the Nigerian Stock Exchange (NSE), has been removed. On Tuesday, the NSE announced the suspension of the company from its trading platform alongside 10 others as a result of their failure to release their financial statements for the…