Nigerian Stock Exchange (NSE) The market capitalisation of the Nigerian Stock Exchange (NSE) hit N20 trillion at the end of transactions yesterday, as sentiments remained upbeat for the eight successive sessions. At the close of trading, the overall market capitalisation appreciated by N476 billion to close at N20.281 trillion. Similarly, the All-Share Index (ASI) gained […]
The Founder of FCMB Group, Otunba Michael Olasubomi Balogun, has doled out a total sum of N15.35 million to purchase additional 5.1 million stocks of the firm. This is according to a recent disclosure , signed by the firm’s Secretary, Olufunmilayo Adedibu, seen by Nairametrics. Nairametrics gathered that the transactions occurred in five tranches, with […]
Following yesterday’s meeting, OPEC and other oil-producing nations led by Russia reached a deal to modestly increase production in January amidst a raging second wave of the coronavirus pandemic though with the prospect of vaccines offering some hope. Based on the agreement, members of the Organization of the Petroleum Exporting Countries along with Russia and […]
The nation’s bourse closed for the last trading day in November with a growth of 0.45 per cent following price appreciation posted by Airtel Africa and 16 other stocks. Specifically, the All-Share Index on Monday rose by 156.63 points or 0.45 per cent to close at 35,042.14 compared with 34,885.51 achieved on Friday. Also, the […]
The provisions for loan losses by commercial banks in the country have continued to drop, thereby raising hopes of higher returns on investments for shareholders, THISDAY has learnt. Loan loss provisions had in 2016 and 2017 financial years impacted negatively on the bottom-lines of many banks due to the devaluation of the naira and difficult […]
nigeria stock exchange ……..As investors trade shares worth N4.536bn Investors on Tuesday traded 376.947 million shares worth N4.536 billion in 4018 deals. This is against 1.724 billion shares cost N3.678 billion in exchanged hands the previous day in 3251 deals. Market capitalisation of listed equities declined by N169 billion to N11.353 trillion from N11.522 trillion […]
Stocks to Watch Stocks to watch comprises the top gainers and losers of the previous week, as well as companies that released results or had corporate actions after trading hours. Stocks to watch is not a Buy/Sell/Hold list Guaranty Trust Bank Plc Guaranty Trust Bank tops this week’s watchlist by virtue of a court judgment […]
Securities and Exchange Commission The board of directors of Third Observers Nigeria Limited has concluded arrangements to present awards to quoted companies that delight investors with good dividend payouts. The awards ceremony is scheduled for next week in Lagos. The theme for second edition of the awards is: How Regulations Protect Investments and Help Secure […]
Lagos – Nigerian Stock Exchange, All Share Index extended negative outlook to record the third consecutive decline for the week by 1.85 per cent loss yesterday to drop below 30,000 basis points. The All Share Index went down by 558.04 absolute points, representing a dip of 1.85 per cent, closing at 29,668.73 points while market […]
Securities and Exchange Commission The board of directors of Third Observers Nigeria Limited has concluded arrangements to present awards to quoted companies that delight investors with good dividend payouts. The awards ceremony is scheduled for next week in Lagos. The theme for second edition of the awards is: How Regulations Protect Investments and Help Secure […]
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