Tag: Stock Exchange
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NGX: Investors lose N190bn as Tier-1 banks experience sell-offs
Sell-offs in the shares of Tier-one banks on Thursday contributed to a 0.32 per cent decline in the Nigerian Exchange Ltd. (NGX) market indices.
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Transactions on NGX decline by 13.81%
The value of transactions on the stock market of the Nigerian Exchange Ltd.(NGX) went down by 13.81 per cent on Tuesday after two days of Easter break.
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NGX market capitalisation down by 0.08%
Transaction activities of the stock market on the Nigerian Exchange Ltd. (NGX) declined by 0.08 per cent, making the market capitalisation to close the week at N59.121 trillion.
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Zoom’s growth slows further after initial pandemic-induced boom
Zoom is seeing slower growth after its initial pandemic-induced boom, with a year-on-year increase of 8 per cent to just under 1.1 billion dollars in the most recent quarter.
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Ponzi schemes, cancer to capital market – SEC
The Securities and Exchange Commission (SEC) has described ponzi scheme as “cancer” bedeviling effective operations of the capital market. The Director-General of SEC, Mr Lamido Yuguda, said this at a post Capital Market Committee (CMC) meeting press conference in Abuja on Friday.
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Nigeria stock market resumes week with N4bn loss
The nation’s bourse opened trading for the week on Monday on a bearish mood with the market indices dropping by 0.02 per cent. Specifically, the market capitalisation, which opened at N20.455 trillion, shed N4 billion or 0.02 per cent to close at N20.451 trillion. Also, the All-Share Index lost 8.12 per cent or 0.02 per…
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Nigeria’s manipulated stock exchange: Dangers ahead – Dele Sobowale
By Dele Sobowale “It was beautiful and simple; as all truly great swindles are.”O’ Henry, 1862-1910, American writer. Nigeria’s bank failures and Stock Market crashes since the 1980s have always occurred when most people least expect; or against the run of play. In actual fact, like the rotten fruit from within which the worms emerge,…
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Nigeria stock market resumes December with N55bn gain
The Nigeria stock market on Tuesday sustained bullish sentiment to open the month of December with N55 billion growth due to buying interests in Tier 1 banks. Consequently, the market capitalisation rose by N55 billion or 0.30 per cent to close at N18.364 trillion compared with N18.309 trillion posted on Monday. Also, the All-Share Index…
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MTN Nigeria converts to Plc ahead of listing on NSE
Telecoms giant MTN Nigeria Communications on Wednesday took a huge step towards its listing on the Nigeria Stock Exchange (NSE), with its conversion from a private to a public company. In a statement, it said it had completed its conversion, describing the exercise as a legal requirement and key milestone preparatory to its listing by…
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Investors lose N209bn in six hours at Stock Market
…As All-Share Index drops to 29,000 Region The six-hour trading period on the floor of the Nigerian Stock Exchange (NSE) on Wednesday ended again on a negative note. This was as a result of the further loss registered by the local bourse on Wednesday buoyed by profit-taking, which led to the reduction in the market…