Access Bank Plc was the most active stock and the third highest gainer yesterday at the Nigerian equities market as investors sought to lock in into the first tier commercial bank, which consummated its merger with Diamond Bank Plc on Tuesday. The Nigerian Stock Exchange (NSE) had on Wednesday placed full suspension on Diamond Bank, […]
Equities Market Lagos – After five consecutive trading days of bearish run, the Nigerian equities market rebounded yesterday when the two major indicators, the All Share Index and Market Capitalisation appreciated by 0.2 per cent each. In today’s trading session, the 5-day bearish run in the domestic equities market was The halt was as a […]
Gainers and Losers The Nigerian Stock Exchange ended the week on a slightly bearish note. The All Share Index opened at 31,142.72 basis points and closed at 31,139.95 basis points, down 0.01%. Year to date, the index is down 0.93%. 32 equities appreciated in price during the week, higher than 18 in the previous week. […]
Feyisayo Popoola Investors in the nation’s stock market lost a total of N5228bn in the last three consecutive days of trading on the floor of the Nigerian Stock Exchange. The market capitalisation, which opened the week at N11.672tn, shed N205bn to close at N11.467tn on Monday and lost N114bn on Tuesday to close at N11.353tn. […]
Diamond Bank The Nigerian Stock Exchange (NSE) has placed trading in the shares of Diamond Bank Plc on full suspension effective Monday, March 20. But a statement yesterday from the Head, Listings Regulation Department, NSE, Lilian Dako, said the suspension is required to prevent trading in the shares of the Bank, to determine the shareholders […]
Nigerian equities continued on the decline yesterday, losing N121 billion in the fifth consecutive negative session. With more than three losers for every gainer, the overall market situation indicated continuing selloffs across the sectors. Benchmark indices at the Nigerian Stock Exchange (NSE) showed a decline of 1.02 per cent, equivalent to net capital depreciation of […]
Folakemi Fadahunsi and Chizoma Okoli are the new directors of the UACN Property Development Company (UPDC) and Access Bank Plc, respectively. Folakemi Fadahunsi and Chizoma Okoli are the new directors of multinational companies (canva) The companies made the announcement this week. Fadahunsi is the Chief Financial Officer (CFO) and Director of the real estate company. […]
Union Bank fought a hard race on the volatility ranking last week, vaulting to second place behind Wema Bank the traditional leader of the volatility table. To emerge the second least volatile banking stock on the Nigerian Stock Exchange (NSE), Union Bank had volatility of 0.8128 while the leader, Wema Bank had a volatility raking […]
By Modupe Gbadeyanka The board of Access Bank Plc has approved the financial results of the company for the period ended December 31, 2018. The financial scorecard of the firm was approved by the board on Monday, January 28, 2019 at a meeting in Lagos. This was after the highest decision making organ of the […]
Access Bank building Pursuant to its planned acquisition of Diamond bank PLC, Access Bank Friday announced the schedule for the court-ordered shareholders meeting for March 5, 2019. The meeting, which all shareholders are expected to attend in Lagos, was ordered on January 24 by Justice O. O. Oguntoyinbo of the Federal High Court, Lagos. The […]
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