Tag: NSE
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Confusion trails lifting of Oando technical suspension
Investors in the Nigerian Stock Exchange (NSE) were thrown into confusion as hours after the six-month old technical suspension the Exchange placed on the shares of Oando Plc was lifted and later reversed. The NSE had disclosed in a notice last Tuesday, that the decision to lift the technical suspension was based on a request…
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Nigerian Stock Exchange Market loses N370bn on Tuesday
The Nigerian Stock Exchange (NSE) on Tuesday sustained seven-day falling streak with the market capitalisation shedding N370 billion in one day. The market capitalisation lost N370 billion or 2.41 per cent to close at N14.967 trillion against N15.337 trillion achieved on Monday. Similarly, the All-Share Index which opened at 42,737.89 lost 1,029.74 points or 2.41…
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NSE’s world third best performing Exchange ranking strengthens bi-lateral ties with U.S.
• Nigeria’s stocks among world’s best performers in 4 months, says Bloomberg Nigerian Stock Exchange’s (NSE) ranking as the third best performing Exchange in the world for 2017 has continued to pave way for more international recognition and bi-lateral ties for the country, as the United States (U.S.) Consul General, F. John Bray, on Monday…
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NSE market indicators drop further by 1.16 per cent
The Nigerian Stock Exchange ( NSE ) market indicators on Tuesday dropped further by 1.16 per cent due to market volatility caused by profit-taking. Market capitalisation shed N187 billion or 1.16 per cent to close at N15.902 trillion compared with N16.089 trillion on Monday. The All-Share Index lost 522.68 points or 1.16 per cent to…
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NSE commences e-flow of information from companies to stock market
As part of strategic efforts to improve operations in 2018, the Nigerian Stock Exchange (NSE) has launched an electronic flow mechanism in its trading engine. The e-flow as expected will allow companies to send their corporate earnings’ report and other vital information directly to the search engine on a real time basis without encountering any…
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Half year earnings: NSE All-Share hits 37,000 mark
Investors on the Nigerian Stock Exchange (NSE) on Thursday continued to react positively to half year earnings season resulting in further growth in market indicators. The News Agency of Nigeria (NAN) reports that the All-Share Index crossed the 37,000 mark to close at 37,245.17 as against 36,740. 77 recorded on Wednesday, due to gains by…
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UBA offloads 2.09bn shares on NSE to lead activity chart
The United Bank for Africa (UBA) on Tuesday drove activity on the Nigerian Stock Exchange (NSE) with a turnover of 2.09 billion shares valued at N19.76 billion. Mr Ambrose Omordion, the Chief Operating Officer, InvestData Ltd., attributed the activity in UBA to part of the management’s plan to reduce the bank’s issued shares in line…
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Building collapse: NSE blames agencies, contractors
The Imo chapter of Nigerian Society of Engineers (NSE) has blamed regulatory agencies and Owerri Capital Development Agency (OCDA) for incessant building collapse in the state. The News Agency of Nigeria (NAN) recalls that two three storey buildings under construction collapsed at Obinze and Umuguma, both in Owerri West Local Government Area, on Tuesday and…
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Airtel CEO identify conditions for telcos to list on NSE
Managing Director and Chief Executive Officer of Airtel Nigeria, Mr. Segun Ogunsanya, has stressed that telecom firms in Nigeria can successfully list on the Nigerian Stock Exchange and contribute significantly to the socio-economic development of the country, barring challenges confronting operators in the sector. According to him, an enabling business environment, policies that promote ease…
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MTN Nigeria to go ahead with IPO this year
Subject to market conditions, South Africa’s telecoms firm, MTN Group will go ahead with its Initial Public Offering (IPO) listing its Nigerian subsidiary, MTN Nigeria in the Nigerian Stock Exchange (NSE) this year. Bloomberg had previously reported the Executive Chairman of MTN Group, Phuthuma Nhleko, as saying the company may delay the planned listing until…