Tag Archives: NSE

Stock Exchange: Market capitalization grows by N47.42 billion

The NGX closed on a positive note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) appreciated by 19 basis point. The NGX ASI closed at 46,631.36 points, to reflect a growth of 0.19% from the previous trading day and a Year-to-Date (YTD) return of 9.16%. Meanwhile, the market capitalization grew by N47.42 billion. At the close of market ...

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NBS says Nigerian sectors recorded growth rate of 23.23%

The Nigerian financial sector, which includes finance and insurance sectors recorded a growth rate of 23.23% in the third quarter of 2021. This is according to GDP report released by the National Bureau of Statistics (NBS) on Thursday. The Financial sector, which is classified as financial institutions and insurance, comprises of finance and insurance sector with respective 90.53% and 9.47% ...

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Senate queries NSE for using N6bn out of N9bn to pay salaries

The Nigerian Senate queried the Securities and Exchange Commission (SEC) for spending N6 billion out of its N9 billion revenue on salaries. The query came from the Chairman, Senate Committee on Capital Market, Senator Ibikunle Amosun (APC-Ogun) during the 2022 budget defence of SEC, by the SEC’s DG, Yuguda Lamido, as he appeared before the Senate committee on Wednesday, in ...

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NSE gives deadline to quoted companies on submission of audited reports, accounts

Companies that are quoted on the floor of the Nigerian Stock Exchange (NSE) have 72 hours to submit their audited reports and accounts for the 2020 business year. Erring firms will be liable for monetary and social sanctions, including a tag for poor corporate governance, it was learnt on Sunday. Post-listing rules at the NSE require quoted companies to submit ...

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Stock Exchange receives final approval to convert to public limited liability company

The Nigerian Stock Exchange (NSE) has received final approvals for its ongoing conversion from a mutual, member-owned company to a public limited liability company, paving the way for the public listing and trading of the shares of the Exchange in the nearest future. Nigeria’s apex capital market regulator, Securities and Exchange Commission (SEC) and the regulatory body for corporate affairs, ...

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Stock Exchange: Equities record capital gain of N1.13 trillion in January 2021

Nigerian equities closed weekend with net capital gain of N1.13 trillion in January 2021, continuing the world-leading rally that saw Nigerian stocks with a full-year return of N6.48 trillion in 2020. Benchmark indices at the stock market indicated average return of 5.32 per cent in January 2021, equivalent to net capital gains of N1.13 trillion. The performance of the stocks ...

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Capital market will continue on positive note- NSE

The Nigerian Stock Exchange (NSE) has expressed optimism that the capital market would continue on a positive note in the year with expected growths in the global and national economies driving activities in the primary and secondary markets. The optimism came against the background of the world-record performance of the stock market in 2020, with a full-year average return of ...

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Pecuniary Losses: Stock Exchange pays compensation to 49 Investors

The Nigerian Stock Exchange (NSE) has paid compensation to 49 investors that suffered pecuniary losses. This is done as part of efforts to ensure investors’ protection. Its Chief Executive Officer, Mr. Oscar Onyema, who briefed stakeholders on the activities of the market in 2020 at a virtual session yesterday in Lagos, said the money was paid to investors who filed ...

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NSE: Investors lose N39.54 billion as market capitalisation drops by 0.23%

Nigerian Stocks ended the first trading session of the week on a bearish note. The All Share Index plunged by 0.23% to close at 41,082.38 index points as against the 0.52% gain recorded on Friday. Its Year-to-Date (YTD) returns currently stands at +2.02%. Nigerian Stock Exchange market value stood at N21,49 billion as investors lost N39.54 billion Bourse trading turnover ...

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NSE: market capitalization increases by N112bn

Nigerian bourse extended its positive rally at Friday’s trading session, appreciating further by N112 billion, amid increased buying interest. Specifically, the market capitalization inched higher by 0.52% to close at N21.530 trillion from N21.418 trillion on Thursday. In the same vein, the All-Share Index garnered 0.52% to close at 41,176.14 compared with 40,963.14 on Thursday. Consequently, the market breadth remained ...

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