Tag: NSE
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Transactions on NSE Rise by 54% in February
Data from the Nigerian Stock Exchange (NSE) showed that as at February 28, 2019, total transactions at the nation’s bourse increased by 54.06 percent from N122.08 billion recorded in January 2019 to N188.08 billion in February 2019. The performance of the current month when compared to the performance of the same period (February 2018) in…
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BREAKING: NSE suspends trading in Diamond Bank shares
Trading in the shares of Diamond Bank Plc has been placed on full suspension following the court sanction of the Scheme of Merger with Access Bank Plc. The Nigeria Stock Exchange, in a notification to its dealing members posted on its website on Wednesday, said that the full suspension takes effect from March 20 (today).…
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Why building collapse persists – NSE
Adedamola Falade-Fatila, the Chairman of the Ibadan branch of the Nigerian Society of Engineers (NSE) has hinged the rising cases of building collapse on quackery and compromise in standards. Falade-Fatila, who spoke with the News Agency of Nigeria (NAN) in Ibadan on Saturday, was reacting to the collapse of a building in Ibadan barely 72…
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NSE reclassifies Nigerian Breweries from High to Medium-Priced stock
The Nigerian Stock Exchange (NSE) has announced the reclassification of Nigerian Breweries Plc (NB) Plc from High-Priced Stock Group to Medium-Priced Stock. In a statement to dealing members, the nation’s stock exchange management said the reclassification became effective from Wednesday, January 9, 2019. Explaining the rationale behind the downgrading of Nigerian Breweries, the NSE noted…
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NSE revokes licences of 39 stockbroking firms [Full list attached]
…warns general public against further business transactions with affected firms The Nigerian Stock Exchange (NSE) on Friday formally revoked the licences of not less than 39 stockbroking companies in the country. TNG confirmed that the affected firms had their expulsion confirmed by the Council of the NSE on December 13, 2018. As a result, investors…
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NSE lifts suspension on Unity Bank shares
The Nigerian Stock Exchange (NSE) on Friday suspended its ban trading in the shares of Unity Bank Plc hours after placing the ban. Recall that the stock market regulator had earlier on Thursday announced a suspension on Unity Bank shares and that of five other listed companies for failing to release their financial statements as…
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NSE suspends trading in Unity Bank, five others’ shares
The Nigerian Stock Exchange has suspended trading in the shares of Unity Bank Plc and five other listed companies. The Head, Listings Regulation, NSE, Godstime Iwenekhai, in a statement on Thursday, said the companies were suspended for failing to file their financial statements. Iwenekhai, who announced the suspension, said it was in pursuant to Rule…
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NSE issues 24 hour deadline to quoted companies for submission of third quarter reports
Companies quoted on the Nigerian Stock Exchange (NSE) have up till the close of business tomorrow to submit their financial statements and reports for the third quarter of this business year. Companies that fail to meet the deadline will be sanctioned and flagged with a red alert of poor corporate governance. Several companies have not…