Tag: NSE
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NSE fines NEM Insurance for contravening its Rulebook
The Nigerian Stock Exchange (NSE) has fined NEM Insurance Plc for contravening Rule 19.3 of its Rulebook. This was after the NSE received a complaint by Bernateva Partners – the solicitor to Eaton Acquisitions Limited, a major shareholder in NEM Insurance Plc – to reverse the decisions reached at the Annual General Meeting (AGM) held…
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JUST IN: NSE suspends trading in shares of six listed Nigerian companies
The Nigerian Stock Exchange (NSE) on Monday suspended trading in the shares of six listed companies. The companies were suspended after they failed to file details of their accounts to the Exchange as stipulated by market regulations. The six companies are DN Tyre & Rubber Plc, FTN Cocoa Processors Plc, International Energy Insurance Plc, Thomas…
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NSE Retains ISO 27001:2013 Certification for Third Year
For the third consecutive year, the Nigerian Stock Exchange (NSE) is retaining the ISO 27001:2013 certification for its Information Security Management System (ISMS). The re-certification followed a rigorous independent audit of NSE’s Information Security Management System (ISMS) by the British Standard Institute (BSI), to ensure that the principles of the International Organization for Standardization (ISO)…
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NSE listing: MTN likely to scrap Nigerian IPO after CBN, FG fines
The management of MTN Group Limited is considering cancelling its much-awaited listing on the Nigerian Stock Exchange (NSE) via an Initial Public Offering (IPO). Some weeks ago, the Nigerian Communications Commission (NCC) said MTN agreed to list its shares on the local bourse before May 2019. This was part of an agreement reach to reduce…
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Conoil resumes trading as NSE lifts suspension on shares
The suspension earlier placed on the trading of Conoil shares at the stock market has now been lifted by the Nigerian Stock Exchange (NSE). This was confirmed via a statement issued by the management of the stock exchange on Wednesday morning. Authorities of the NSE had on Monday, August 6, 2018, banned trading of shares…
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NSE inducts 20 new authorized stockbrokers
The Nigerian Stock Exchange (NSE) on Tuesday inducted twenty new qualified stockbrokers also known as Dealing Clerks. The new clerks were inducted after successfully going through the NSE’s Automated Trading System (ATS) training faculty made up of seasoned capital market regulators and operators. Chief Executive Officer of Icon Stockbrokers Limited, Mr Chike Nwanze, challenged the…
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NSE hails Nigeria on space technology
Nigerian Society of Engineers (NSE) has commended Nigeria for achieving feat in space technology and traced the development to commitment, focus on development of technology and human capital. Engr Aishatu Umar, Chairman, NSE, Giri branch, Abuja gave the commendation on Wednesday during a public lecture entitled “The Impact of Space Engineering on Industralisation, organised by…
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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…
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UBA Meets NSE’s Stringent Corporate Governance Conditions, Lists on NSE Premium Board
The Nigerian Stock Exchange on Monday migrated the ordinary shares of United Bank for Africa (UBA) Plc to its Premium Board, in what capital market analysts describe as an attestation to the Bank’s strong adherence to international best practices on corporate governance. The Premium Board is the newly created platform for elite companies that meet…
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NSE to migrate Access Bank, UBA, Lafarge Africa, Seplat to Premium Board
The Nigerian Stock Exchange (NSE) on Thursday announced plans to migrate Access Bank, Lafarge Africa, Seplat and United Bank for Africa (UBA) Plc to its Premium Board. The NSE said in Lagos the four companies would be migrated to its Premium Board on April 16, sequel to their applications and meeting of its listing requirements…