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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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