The board of directors of Access Bank Plc yesterday cancelled an extraordinary general meeting of shareholders of the bank called to seek shareholders’ consideration for new capital raising. The bank did not provide reasons for the cancellation of the previously scheduled February 1, 2019 meeting. Market sources said the cancellation might not be unconnected with […]
Tag: XNSA_DIAMONDBNK
Sterling Bank Joins NSE-30 Index as Ecobank Exits NSE Pension Index
By Dipo Olowookere Authorities of the Nigerian Stock Exchange (NSE) have announced the review of composition of its market indices, with some publicly quoted companies exiting and joining various indexes. In a statement, the stock exchange management said the NSE-30, and its eight sectoral indices; NSE Consumer Goods, NSE Banking, NSE Insurance, NSE Industrial, NSE […]
Persistent Bear Run Pushes Nigerian Stock Market to 15-Month Low
Goddy Egene The Nigerian equities market slumped to 15-month low yesterday on continuing bear run with the Nigerian Stock Exchange All-Share Index (NSE ASI) falling 1.25 per cent to close at 33,611.69, while market capitalisation shed N155.6 billion to close at N12.27 trillion. The market had lost 2.3 per cent last week in line with […]
Equity trading remains bearish as highly capitalised stocks push Index lower
The sell-offs in some highly capitalised stocks on Tuesday contributed significantly to drag the Nigerian Stock Exchange, NSE All Share Index, ASI by 0.5 percent or 112.69 points lower for the fifth consecutive trading session. Nigerian Stock Exchange NSE Specifically, the Index settled at 33,449.17 points from 33,611.69 points it closed on Monday with the […]
NSE-ASI Extends Losing Streak To 5-Sessions, Sheds 0.48%
The Nigerian Stock Exchange (NSE) All – Share- Index (NSE-ASI), yesterday, extended losing streak for the fifth consecutive trading days by 0.48 per cent amid sustained profit taking activity. In summary, the ASI shed 162.52 absolute points, representing a decline of 0.48 per cent to close at 33,449.17 points. Also, the market capitalisation declined by […]
Stock Market Dips Further on Continuing Profit Taking in Bellwethers
The stock market fell further yesterday following losses by bellwether counters. Consequently, the Nigerian Stock Exchange All-Share Index (NSE ASI) that hit a-15 month low on Monday, went down further by another 0.48 per cent to close lower at 33,449.17, while market capitalisation shed N59.3 billion to close at N12.2 trillion. However, the decline in […]
CBN Debits Diamond Bank’s Accounts for the Full Amount of the Fine Levied Against It
On August 30, 2018, we made an announcement to the Nigerian Stock Exchange (NSE) and the public in respect of a fine of N250,000,000.00 (Two Hundred and Fifty Million Naira Only), imposed on Diamond Bank Plc, by the Central Bank of Nigeria (CBN), following its investigation of foreign exchange remittances on behalf of MTN Communications […]
N5.8bn Fines: CBN Debits 4 Banks Over MTN Funds
Contrary to speculation in some quarters that the Central Bank of Nigeria (CBN) might soften the sanctions it imposed on four banks for helping MTN Nigeria Communications Limited illegally repatriate funds, the apex bank has debited the lenders’ ac-counts with the huge fines it slammed on them for the violation, New Telegraph learnt yesterday The […]
Nigeria stocks lower at close of trade; NSE 30 down 0.24%
© Reuters. Nigeria stocks lower at close of trade; NSE 30 down 0.24% Investing.com – Nigeria stocks were lower after the close on Friday, as losses in the Banking , Oil & Gas and Insurance sectors led shares lower. At the close in Lagos, the NSE 30 lost 0.24% to hit a new 52-week low. […]
Fines: CBN deducts N5.61bn from accounts of three banks
Nike Popoola The Central Bank of Nigeria has debited the accounts of three banks to the tune of N5.61bn, being the total amount of fines it imposed on them last week for alleged illegal repatriation of funds. Last week, the regulator imposed N5.87bn fines on four banks for what it described as “flagrant violation of […]