$1trn capitalisation of Stock Exchange no longer feasible - Onyema

The dream of the Nige­rian Stock Exchange (NSE) to attain $1 tril­lion capitalisation across five asset classes by 2016 may have after all turned a mi­rage as its CEO, Mr. Oscar Onyema, said it is no longer achievable. [More]

Foreign portfolio Investors Dominate Stock market Activity By 75%

Foreign portfolio investors (FPIs) accounted for 75.25 per cent of total transactions on the Nigerian Stock Exchange (NSE) between January and April 2014, while domestic transactions decreased by 32.61 per cent during the period. The NSE disclosed this in its “Domestic and Foreign Portfolio participation in equity trading for the month of April 2014. [More]

NSE: Capital market indices grow by 0.69%

Activities on the Nigerian Stock Exchange (NSE) closed upbeat on Friday with the All- Share Index improving by 0.69 per cent. The News Agency of Nigeria (NAN) reports that the index grew by 288.44 points to close at 41,517.10 points from the 41,228.66 points recorded on Thursday. The market capitali... [More]

NSE capitalisation chalks N25.2b

By Bamidele Ogunwusi Correspondent, Lagos   The trading week on the Nigerian Stock Exchange (NSE) started on a good note on Monday, with equities capitalisation closing higher at N13.739 trillion after it appreciated by N26.215 billion. The All-Share Index gained 79.39 basis points or 0.19 per ... [More]

NSE indices dip by 0.25%

Transactions on the Nigerian Stock Exchange (NSE) on Tuesday ended on a depressed note as the market capitalisation dropped by 0.25 per cent due to profit-taking by investors. The market capitalisation, which opened at N13.703 trillion, lost N34 billion to close at N13.669 trillion. [More]

Shareholders commend Nestle, approve N25k dividend

Shareholders of Nestle Nigeria Plc on Monday approved the dividend of N24 per ordinary share of 50 kobo proposed by the company for the 2013 financial year. The company had initially paid an interim dividend of N1.50kobo. The shareholders approved the dividend at the company’s 45th Annual Gene... [More]

Caverton to list on Exchange

Caverton Offshore Support Group says it has received regulatory approval to list its entire 3.35 billion shares on the Nigerian Stock Exchange on May 20, 2014. The group, which is the holding company of Caverton Helicopters and Caverton Marine Limited,  said this in a statement made available t... [More]

Six dealing members to face NSE disciplinary committee

Six dealing members are to appear before the Disciplinary Committee of the National Council of the Nigerian Stock Exchange this week for having inactive licences. A notice by the Exchange said the affected dealing members were expected to appear before the disciplinary committee on Thursday, May 15,... [More]

Six dealing members to face NSE disciplinary committee

Six dealing members are to appear before the Disciplinary Committee of the National Council of the Nigerian Stock Exchange this week for having inactive licences. A notice by the Exchange said the affected dealing members were expected to appear before the disciplinary committee on Thursday, May 15,... [More]

Julius Berger’s Q1 turnover rises by 20%

Julius Berger Nigeria Plc recorded a turnover of N47.690bn in the first quarter of 2014, which is 20.29 per cent higher than the N39.646bn it posted in the corresponding period of 2013. The company also made a profit after tax of N1.311bn in the three months ended March 31, its unaudited consolidate... [More]

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