Markets

Markets

Stock market declines by 0.32% in one week

Iheanyi Nwachukwu Oct 18, 2019

Nigeria’s equities market was down by 0.32percent in the trading week ended Friday October 18 while its year-to-date (YtD) negative...

Markets

International Breweries approves Rights Issue of N9 per share

Iheanyi Nwachukwu Oct 18, 2019

International Breweries Plc has notified the investing public and the Nigerian Stock Exchange that the shareholders of the Company at...

Markets

NSE releases 2018 sustainability report​​

Iheanyi Nwachukwu Oct 18, 2019

The Nigerian Stock Exchange (NSE) has released its 2018 Sustainability Report titled, “Growth, Innovation and Value Creation”. The report, which...

Markets

Value stocks’ new lows offer opportunities for bargain hunters

Iheanyi Nwachukwu Oct 17, 2019

Stocks like Guinness Nigeria Plc (-59.2percent), International Breweries Plc (- 58.7percent ) , Glaxosmithkline Consumer Nigeria Plc (-51percent), Nigerian Breweries...

Markets

Will investors take into account Seplat’s N172bn offer for Eland Oil?

Iheanyi Nwachukwu Oct 17, 2019

Seplat Petroleum Development Company Plc (Seplat) on Tuesday October 15 disclosed that it is acquiring Eland Oil & Gas Plc...

Markets

Shareholders to get bumper dividend as pioneer tax to boost Dangote Cement profit

Bala Augie Oct 16, 2019

Shareholders of Dangote Cement Plc could be paid a higher dividend as a pioneer tax extension is expected to boost...

Markets

Stanbic, Lafarge, MTNN, other stocks spur market’s N20bn loss

Iheanyi Nwachukwu Oct 16, 2019

The Nigerian Stock Exchange (NSE) All Share Index (ASI) depreciated further by 0.16percent on Wednesday October 16. The market’s negative...

Markets

Ahead of 7.5% VAT rate by 2020

Iheanyi Nwachukwu Oct 16, 2019

Last week, President, Muhammadu Buhari, presented the 2020 Federal Budget proposals to the Joint Session of the National Assembly, being...

Markets

Stock market erases previous gain as MTN, GSK, 11 others dip

Iheanyi Nwachukwu Oct 15, 2019

Nigerian stock market was down by 0.16 percent on Tuesday October 15 as thirteen (13) equities recorded new lows as...

Markets

DMO lists N15bn Green Bond on NSE

Iheanyi Nwachukwu Oct 14, 2019

The Debt Management Office (DMO) on Monday, October 14, 2019 listed the Federal Government of Nigerian (FGN) N15billion Green Bond...

Markets

SEC restates commitment to sustainable financing

Iheanyi Nwachukwu Oct 13, 2019

The Securities and Exchange Commission (SEC) remains a strong advocate for the promotion of infrastructural development through sustainable financing. This...

Markets

Equities shed N534bn in eight days as Dangote Flour, Global Spectrum postpone AGMs

Teliat Sule Oct 13, 2019

The Nigerian stock market sustained its downward trend last week as the market capitalisation of listed equities further closed lower...

Markets

Skye Shelter Fund posts 10% increase in net income

Teliat Sule Oct 13, 2019

Skye Shelter Fund has announced a 10 percent rise in net income for the period ended September 30 2019, the...

Markets

Nigerian Stock Exchange, Luxembourg Stock Exchange sign MoU to expand Green Bond markets

Iheanyi Nwachukwu Oct 09, 2019

The Nigerian Stock Exchange (NSE) and the Luxembourg Stock Exchange (LuxSE) have signed a Memorandum of Understanding (MoU) to cooperate...

Markets

Nigerian stocks down 14.7% year-to-date as investors run for safety

Oluwasegun Olakoyenikan Oct 09, 2019

There was no respite to the bearish sentiment bedeviling the performance of stocks listed on the Nigerian Stock Exchange (NSE)...