For the fourth consecutive day, Nigerian equities continued on the downtrend as profit-taking transactions by investors seeking to monetise capital gains persisted, despite the underlying bargain-hunting...
Nigerian Breweries Plc on Wednesday listed 67.8 million ordinary shares of 50 kobo each. The supplementary shares were due to the scrip dividend scheme offered by...
Investors in May & Baker Nigeria Plc received a major boost on Wednesday with the inauguration of the board of the group’s domestic vaccine-producing company– Biovaccines...
Most transactions at the Nigerian stock market were closed on Wednesday at a discount as a scramble for exit by profit-takers continued to pressure the market...
The profit-taking trend that started the Nigerian equities market on Monday worsened on Tuesday as investors increasingly sought to monetise recent capital gains. Benchmark indices at...
After three weeks of consecutive capital appreciation, Nigerian equities reopened on Monday to a tinge of profit-taking as investors sought to monetise capital gains. With a...
After three successive bullish trading sessions that saw equities net N712 billion in capital gains, investors in Nigerian equities turned around on Thursday to monetise the...
The Nigerian Stock Exchange (NSE) expects the strong rally that left the equities market with average gain of 42.3 per cent in 2017 to continue in...
Nigerian equities rallied net capital gain of N336 billion on Tuesday to push the year-to-date gain for the 11 trading sessions so far in 2018 to...
Authorities at the Nigerian Stock Exchange (NSE) have started a process that will lead to voluntary delisting of the only soft-drink company quoted on the Exchange-Seven-Up...
Former President Olusegun Obasanjo on Saturday said that he hopes that Nigeria may soon begin to see the change the Federal Government promised in the power...
Investors in Nigerian equities have so far this year earned N755 billion as net capital gains as impressive performance in 2017 and expectations on impending corporate...
Nigerian equities rallied net capital gain of N242 billion in the first trading week of 2018, setting a positive course that built on the significant recovery...
Investors appeared to have turned to low-priced stocks, otherwise known as penny stocks, as bargain-hunters seek to build strong lead in low-priced value stocks with potential...
Nigerian equities remained under sell pressure on Tuesday, continuing a downtrend that pared the average year-to-date return to 40.59 per cent. With nearly two decliners to...
Nigerian equities traded on Monday on a tight balance of bargain-hunting and profit-taking but a considerable decline in the share price of Dangote Cement Plc weighed...
Nigerian equities suffered a major contraction during the immediate past week as investors turned round to take profits on steep rallies witnessed in the previous week....
There were more than three decliners for every advancer at the Nigerian Stock Exchange (NSE) on Thursday as increased sell pressure continued to depress the share...
Investors staked N23.12 billion on 94.7 million shares of Dangote Cement Plc on Tuesday at the Nigerian Stock Exchange (NSE), as the most capitalised quoted company...
The Federal Government Sunday announced the appointment of Abdul Zubair as Acting Director-General, Securities and Exchange Commission (SEC), following the suspension of Munir Gwarzo, the commission’s...
The rally at the Nigerian equities market gathered momentum on Wednesday with four advancers for every decliner in a bullish market that nudged the average year-to-date...
Nigerian equities reopened this week with a tinge of profit-taking as investors sought to rebalance their portfolios as the month draws to an end. Benchmark indices...
Nigerian equities staged a considerable recovery on Monday as the National Bureau of Statistics (NBS) released its latest economic report showing that the national economy doubled...
Nigerian equities recorded its worst decline in seven weeks on Tuesday as low demand combined with considerable profit-taking transactions to shave off N125 billion from market...
Nigerian equities opened with a tinge of bearishness on Monday as losses by a handful of highly capitalised stocks dragged the market to a negative close....
Nigerian equities sustained a largely bullish performance during the immediate past week, leaving investors with net capital gains of N165 billion at the weekend. Benchmark indices...
For the third consecutive trading session, Nigerian equities on Wednesday continued on the upswing as investors sought to take positions in bargain-stocks in early trades for...
Nigerian equities traded on a tight balance of bargain-hunting and profit-taking during the immediate past week as third quarter earnings of most active quoted companies showed...
Oando Plc has secured a court order restraining Nigeria’s apex capital market regulator, Securities and Exchange Commission (SEC), from going ahead with its announced forensic audit...
It was almost a tit-for-tat at the Nigerian stock market on Thursday as investors appeared to pause momentarily to determine the next major directional change. With...
Following Oando Plc’s suspension from the Nigerian Stock Exchange (NSE), the Johannesburg Stock Exchange (JSE) has also suspended trading in shares belonging to Oando Plc. According...
The raising of the initial capital for the proposed Lagos Commodities & Futures Exchange (LCFE) kicked off on Tuesday in Lagos. Stockbrokers, investment bankers and other...
Low-priced stocks, otherwise known as penny stocks, were the toast of investors on Tuesday at the Nigerian Stock Exchange (NSE) as they appeared to be increasingly...
As quoted companies prepare to release their third quarter results, investors appeared to be placing their higher stakes on banking and building materials stocks. A generally...
Authorities at the Nigerian Stock Exchange (NSE) have suspended trading on the shares of four companies over persistent failures by the companies to operate in line...
After recording net capital gain of N765 billion in the third quarter, Nigerian equities ended the first trading session in the fourth quarter on Tuesday with...
Investors in fast-moving consumer goods (FMCGs) companies and banking stocks recorded above average gains in the third quarter as Nigerian equities sustained its bullish streak with...
Guaranty Trust Bank (GTBank) on Monday launched a bid for early redemption of its $400 million 6.0 per cent notes, more than a year ahead of...
The Nigerian Stock Exchange (NSE) has elected Mr Abimbola Ogunbanjo as the new president of its national council. Ogunbanjo was elected at the Exchange’s national council...
After rallying net capital gain of N166 billion last week, Nigerian equities opened this week with a string of profit-taking as investors sought to monetise capital...
Nigerian equities suffered a relapse on Thursday as a sell-off on Nigeria’s most capitalised company, Dangote Cement, dragged the market to a marginal loss of N7...
Nigerian equities made a comeback on Wednesday, rallying a net capital gain of N125 billion as investors deepened bargain-hunting in the high-cap stocks group. After three...
Large-cap stocks in the banking and consumer goods sectors rallied the Nigerian equities market to a modest recovery on Wednesday, overriding continuing underlying sell pressure. While...
Nigerian equities depreciated further on Tuesday as investors continued their portfolio realignment and profit-taking in early adjustments for the third quarter corporate earnings. Benchmark indices at...
Nigerian equities opened this week with a loss of N100 billion as sell pressure continued to undermine market valuations of several large-cap stocks. Benchmark indices at...
Nigerian equities sustained a second day of consecutive rally on Thursday with a net capital gain of N175 billion as a scramble for large-cap stocks lifted...
Investors in Avon Crowncaps & Containers (Nigeria) Plc risk losing more than N807 million in current valuation of their shares following the suspension of the packaging...
Oil and gas stocks witnessed a major selloff in August, orchestrating a downtrend that saw Nigerian equities with net capital depreciation of N117 billion during the...
Prestige Assurance Plc plans to write off its accumulated loss of N776.5 million by cancelling about 1.55 billion ordinary shares of 50 kobo each from its...
Nigeria’s apex capital market regulator, Securities and Exchange Commission (SEC) and the Nigerian Stock Exchange (NSE) have granted pre-merger approvals to the world’s largest brewer, Anheuser-Busch...