Tag: Shares
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Eaton to build substantial stake in NEM, buys 130m shares
Eaton Acquisitions Limited, an investment company that focuses on identifying listed companies with high growth potential and investing, has announced the completion of the purchase of 130 million shares of NEM Insurance Plc. The cross deal, which has caught the attention of market watchers, sees Eaton, which was seeking to acquire 10%, buy 4% stake…
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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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N4.7bn fraud: Ladoja diverted part of Oyo shares’ sale proceeds – EFCC
A prosecution witness, Mr Abubakar Madaki, on Thursday told a Federal High Court in Lagos that former Gov. Rasheed Ladoja of Oyo admitted taking part of proceeds of the sale of the state shares. Madaki, an Economic and Financial Crimes (EFCC) operative, gave evidence in the trial of Ladoja and a former Commissioner for Finance…
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Investors trade 5b shares worth N46bn in five days
A total turnover of 5.011 billion shares worth N45.816 billion in 44,569 deals were traded this week by investors on the floor of the Nigerian Stock Exchange (NSE) in contrast to a total of 5.021 billion shares valued at N68.974 billion that exchanged hands last week in 41,542 deals. The Financial Services Industry (measured by…
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Shares’ suspension: Operators urge SEC, Oando to settle out-of-court
Some capital market operators on Thursday urged the Securities and Exchange Commission (SEC) and Oando Nigeria to settle the dispute over the latter’s shares suspension out-of-court. They told the News Agency of Nigeria (NAN) in Lagos that further impasse over the issue in the public could dampen public interest in the nation’s capital market. Mr…
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SEC suspends sale of Oando shares
Sequel to alleged discrepancies in its operations and investigation of petitions by shareholders, the Securities and Exchange Commission, SEC, on Wednesday ordered full suspension of the trading of shares of Oando Plc for two days. The commission also directed that effective from Friday, October 20, the Nigerian Stock Exchange should implement a technical suspension of…
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NSE moves 237.79m shares worth N2.19bn
The Nigerian Stock Exchange, NSE on Friday moved a total of 237.79 million shares valued at N2.19 billion transacted in 2,725 deals in a positive trading. TheNewsGuru.com reports that this was in contrast with a turnover of 146.49 million shares worth N1.19 billion achieved in 2,725 deals on Thursday. Champion Breweries drove the activity chart…