Lagos – Nigerian equities market extended negative stance into the second trading session of the week as the Nigerian Stock Exchange- All Share Index (NSE-ASI) shed 0.14 per cent yesterday. NSE-ASI declined by 43.07 basis points, representing a decrease of 0.14 per cent, to close at 31,082.32 points. Similarly, market capitalisation shed N16 billion, to […]
The board of directors of First Aluminium Nigeria Plc yesterday explained that the aluminium company is seeking to delist its shares from the Nigerian Stock Exchange (NSE) because of inactivity on the shares of the company and inability of the current listing to help in realizing the corporate objectives of the company. In a statement […]
…says re-listing may be considered upon improved market conditions Feyisayo Popoola First Aluminium Nigeria Plc says “the current illiquidity nature of the capital market” has rendered the primary corporate objective of its listing to raise capital and provide liquidity unattainable. The company, in an explanatory note to shareholders, said it was seeking a voluntary delisting […]
Feyisayo Popoola THE nation’s stock market opened the week on a bearish note as investors lost N170bn on Monday. The equities market, which lost N343bn on four trading sessions last week, saw its market capitalisation drop from N11.124tn on Friday to N10.954tn on Monday. The All Share Index shed 1.53 per cent to close at […]
By Dipo Olowookere A total turnover of 3.544 billion shares worth N20.264 billion in 19,130 deals were traded last week by investors on the floor of the Nigerian Stock Exchange (NSE) in contrast to a total of 2.629 billion shares valued at N12.794 billion that exchanged hands the previous week in 15,558 deals. In the […]
Aluminium sheets produced by First Aluminium Nigeria Plc The Board of Aluminium Extrusion Industries Plc has recommended the payment of a final dividend of 8.5 kobo per 0.50 kobo ordinary shares. In a statement sent to the Nigerian Stock Exchange, the company also disclosed that the Register of Shareholders will be closed from Monday, June […]
By Modupe Gbadeyanka One of the largest manufacturers of Collapsible Aluminium Tubes, First Aluminium Nigeria Plc, has been sanctioned by the Nigerian Stock Exchange (NSE). The company, which has its headquarters in Lagos, was fined by the stock market regulator for infractions noticed in its Annual General Meeting (AGM). A regulatory notice seen by Business […]
stock exchange market complex, Lagos The All-share index at the Nigeria Stock Exchange shrank by 0.32 percent to settle at 35,311.36 basis points at the end of trading on Monday. This is as the market capitalization dropped to N12.891tn from N12.933tn made on Friday. Overall, the NSE depreciated by N42bn just as there were 14 […]
Feyisayo Popoola The Nigerian Stock Exchange recorded a decline of N66.24bn in foreign portfolio transactions last month amid political uncertainties and rise in interest rates in the United States. The July 2018 Domestic and Foreign Portfolio Participation in Equity Trading report, which was released on Monday, showed that total transactions at the nation’s bourse reduced […]
Foreign Transactions In The Stock Market Drop By N66.24bn The Nigerian Stock Exchange recorded a decline of N66.24bn in foreign portfolio transactions last month amid political uncertainties and rise in interest rates in the United States. The July 2018 Domestic and Foreign Portfolio Participation in Equity Trading report, which was released on Monday, showed that […]
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