The Nigerian Exchange Limited has suspended trading in the shares of four firms this year for falling short of regulatory criteria, even as it is in the process of delisting three firms. The NGX Regulation Limited said in a report that Chellarams Plc, Niger Insurance Plc, The Tourist Company of Nigeria Plc, and Thomas Wyatt […]
Twenty-three companies listed on the Nigerian Exchange Limited recorded year-on-year losses worth N105.78bn in their market capitalisation as the half-year period ended in June. According to data from the NGX available to our correspondent, 23 firms led by CWG Plc failed to increase their share prices after a year of trading between June 30, 2020 […]
The Nigerian Exchange Limited has imposed a total penalty of N719.7m on 14 companies listed on the stock market for late filing of their audited and interim financial statements. The NGX disclosed this under the ‘2021 default filings’ section of a report obtained by our correspondent on Tuesday. The companies that filed their financial statements […]
Goddy Egene The Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose further by 1.10 per cent to close at 34,225.22 as the market sustained its positive momentum yesterday. The market capitalisation gained N199.5 billion to close at N18.4 trillion. The bulls had returned to the market on Monday with a gain of 1.73 per cent […]
Following bargain hunting in most blue-chip stocks, the Nigerian equities market extended its gain yesterday, with capitalisation gaining N200 billion. The All-Share Index (ASI) gained 381.78 absolute points, representing a gain of 1.10 per cent to close at 35,225.22 points. Similarly, the overall market capitalisation value also appreciated by N200 billion to close at N18.411 […]
Nigerian Stocks were fired up at the last trading session of the week cumulatively. The All-Share Index and Market Capitalization appreciated by 7.46% to close the week at 36,804.75 and N19.236 trillion respectively. Investors gained N1.33 trillion. A total turnover of 1.893 billion shares worth N17.647 billion in 20,660 deals was traded this week by […]
Market breadth was positive with 29 stocks gainers in contrast with 14 losers [Reuters/Akintunde Akinleye] The Nigerian equities on Tuesday, extended its positive momentum with the market capitalisation increasing further by N199 billion, as investors stepped -up bargain-hunting ahead of 2021. Specifically, the market capitalisation rose by N199 billion or 1.09 per cent to close […]
No fewer than 38 firms will pay a fine totalling N429.5 million. The fine was imposed by the Nigerian Stock Exchange (NSE) over the firms’ failure to file their financial statements as of when due last year. According to a recent report from the bourse, the fine was slammed on the firms for 52 offences […]
The Nigerian Stock Exchange (NSE) has announced plans to sanction 28 companies for failing to meet post-listing requirements. This include defaultment in timely release of operational reports and financial statements. The list of offenders released by the exchange include three commercial banks, a microfinance bank, three mortgage bankers, five insurance companies, one investment management firm […]
The Nigerian Stock Exchange (NSE) has announced 14 listed firms yet to file in their audited financial results for the year ended December 31, 2017, 2016 and 2015. This was contained in the X-compliance report of NSE for the period ended August 24, 2018. Post-listing rules at the NSE require quoted companies to submit their […]
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