Union Bank fought a hard race on the volatility ranking last week, vaulting to second place behind Wema Bank the traditional leader of the volatility table. To emerge the second least volatile banking stock on the Nigerian Stock Exchange (NSE), Union Bank had volatility of 0.8128 while the leader, Wema Bank had a volatility raking […]
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 […]
NSE Daily Market Summary Losses on the Nigerian Stock Exchange slowed in today’s trading after yesterday’s plunge . TheAll-Sharee Index closed at 32,022.23 basis points, down 0.84%. Year to date, the exchange is down 16.27% and is the worst performing in Africa. Top Gainers and Losers Skye Bank was the best performing stock in today’s […]
The Nigerian Stock Exchange (NSE) will sanction 28 companies for failing to meet post-listing requirements including timely release of operational reports and financial statements. The list of offenders released by the exchange includes three commercial banks, one microfinance bank, three mortgage banks, five insurance companies, one investment management firm and 15 other firms in various […]
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 […]
Unity 1 Unity Bank Plc has revealed plans to sell its N400 billion bad loans to new investors to clean up its balance sheet. This new move will facilitate the injection of new cash into the bank. The sale of the bad loans to a new investor, Frontier Capital Alternative Asset Ltd, will cut the […]
Feyisayo Popoola The nation’s equities market extended its decline on Thursday as it shed N111bn following the price depreciation recorded by 31 stocks at the close of trading. The All-Share Index and market capitalisation of equities listed on the Nigerian Stock Exchange fell by 0.88 per cent to close at 34,110.22 basis points and N12.452tn […]
Unity Bank Plc sold N400bn ($1.1bn) of bad loans to clean up its balance sheet as it seeks to conclude talks for a cash injection aimed at stabilising the lender. The disposal to Frontier Capital Alternative Asset Limited of the toxic assets cut the ratio of non-performing loans to near zero from almost 50 per […]
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 […]
The Nigerian equity market yesterday tumbled for the fourth consecutive trading day, as sell pressure was unabated, producing 19 losers against 16 gainers. Key market indicators, the NSE ASI declined by 0.09 per cent, as bargain hunters continued to remain on the sideline following growing political tension. Consequently, the All-Share Index dipped 33.98 basis points […]
The value of investments can go down in value as well as up, so you could get back less than you invest. Past performance does not necessarily indicate a financial product’s future performance. This website aims to provide information to help you make your own informed decisions. Our publications, ratings and analysis should be viewed as an additional investment resource, not as your sole source of information. This website does not provide personal advice based on your circumstances. To obtain advice tailored to your situation, please contact a professional financial adviser.