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 bearish performance at the equities market, driven by negative investor sentiments, is expected to continue throughout the month of September on growing uncertainties surrounding the upcoming 2019 general election, according to market analysts. Financial Derivatives Company says investors’ fatigue will continue as political uncertainty continues to grow, projecting a growing preference in debt capital […]
© Reuters. Nigeria stocks lower at close of trade; NSE 30 down 0.24% Investing.com – Nigeria stocks were lower after the close on Friday, as losses in the Banking , Oil & Gas and Insurance sectors led shares lower. At the close in Lagos, the NSE 30 lost 0.24% to hit a new 52-week low. […]
© Reuters. Nigeria stocks lower at close of trade; NSE 30 down 1.54% Investing.com – Nigeria stocks were lower after the close on Monday, as losses in the Food, Beverages & Tobacco , Insurance and Banking sectors led shares lower. At the close in Lagos, the NSE 30 declined 1.54% to hit a new 52-week […]
© Reuters. Nigeria stocks lower at close of trade; NSE 30 down 1.15% Investing.com – Nigeria stocks were lower after the close on Thursday, as losses in the Banking , Food, Beverages & Tobacco and Insurance sectors led shares lower. At the close in Lagos, the NSE 30 lost 1.15% to hit a new 52-week […]
Goddy Egene The stock market rebounded yesterday as the Nigerian Stock Exchange All-Share Index (NSE ASI) rose 0.28 per cent to close at 34,933.68 after opening the month on a negative note the previous day. Similarly, market capitalisation added N36.1 billion to close at 12.8 trillion. Buying interest in banking stocks such as Zenith Bank […]
© Reuters. Nigeria stocks higher at close of trade; NSE 30 up 0.37% Investing.com – Nigeria stocks were higher after the close on Tuesday, as gains in the Banking , Oil & Gas and Insurance sectors led shares higher. The best performers of the session on the NSE 30 were Diamond Bank (LAGOS: DIAMONB ), […]
Goddy Egene The stock market rebounded yesterday following bargaining hunting in banking and consumer goods counters. The market had opened for the week on Monday with a decline of 0.32 per cent. However, the losses were pared yesterday, leading to a growth of 0.53 per cent in the Nigerian Stock Exchange All-Share Index (NSE ASI) […]
On Wednesday, the Nigerian office of African Telecommunications giant MTN was slammed with a huge fine by Nigeria’s apex bank and financial regulator, the Central bank of Nigeria (CBN) for violating extant laws and regulations on foreign exchange in the country. This comes after the CBN ordered an investigation to unearth the inconspicuous aspects of […]
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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