Oando Plc, an integrated energy company, has blamed the Securities and Exchange Commission (SEC) for its inability to submit third quarter (Q3) 2020 financial results . In 2019, SEC found the energy company guilty of “serious infractions”, thereby barring Wale Tinubu, its chief executive officer (CEO) and Mofe Boyo, deputy CEO from the boards of […]
The year-to-date (YTD) growth of the Nigerian Stock Exchange (NSE) All-Share Index (ASI) hit 32.2 per cent yesterday on the back of the continued bull run. The market has recorded positive performance in the past three days with the NSE ASI gaining 0.76 per cent to close at 35,493.15. The sustained gains have boosted the […]
Taofik Salako, Deputy Group Business Editor AFTER eight consecutive weeks of sustained price appreciation, Nigerian equities were at the weekend overwhelmed by profit-taking transactions as investors sought to monetise price gains that had seen several equities reaching new highs in recent weeks. Benchmark indices for Nigerian equities at the weekend indicated a net loss of […]
Nigerian Stocks witness another positive at the mid-week trading session. Nigerian Stock Exchange capitalization value appreciated by N140.04 billion. The All-Share Index (ASI) rallied up by 0.76% to close at 35,493.15 points. Similarly, the overall market capitalization size gained N140.04 billion to close at N18.55 trillion. Today’s market upturn was impacted by gains recorded in […]
The year-to-date (YTD) growth of the Nigerian Stock Exchange (NSE) All-Share Index (ASI) hit 32.2 per cent yesterday on the back of the continued bull run. The market has recorded positive performance in the past three days with the NSE ASI gaining 0.76 per cent to close at 35,493.15. The sustained gains have boosted the […]
By Charles Abuede The Nigerian bourse was fired up on all cylinders on Thursday and it helped the market to sustain its bullish momentum in the face of falling oil prices across the market spectrum; with institutional investors increasing their capital inflows to Nigerian stocks on the prevailing low returns seen in the debt market. […]
OANDO Plc has disclosed the reason why the integrated oil giant has delayed the release of its third (Q3) Unaudited Financial Statement for 2020. The company stated that the inability of the oil company to meet its 2020, Q3 filing of accounts obligation, which was due on November 20, 2020, is as a result of […]
Transactions on the equities sector of the Nigerian Stock Exchange (NSE), continued southward for the third successive sessions, as investors wealth plunged by N278 billion The All-Share Index (ASI) lost 531.25 absolute points or 1.53 per cent to close at 34,242.83 points. Similarly, the overall market capitalisation value also shed N278 billion to close at […]
The research analysis of Lubricating Grease market offers significant information regarding the major trends that define this business landscape with regards to the regional outlook and competitive scenario. The report also highlights the limitations & challenges that could hamper the industry remuneration alongside the key opportunities that will aid in business expansion. Moreover, the document […]
The Nigerian stock market opened for four trading days this week as the Federal Government of Nigeria declared Thursday 1st October 2020 a Public Holiday. The All-Share Index appreciated by 2.53% while Market Capitalization appreciated by 2.55% to close the week at 26,985.77 and N14.105 trillion respectively. Investors gained a whopping N350.12bn. A total turnover […]
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