BPE facilitates SAHCO’s maiden IPO, assures investors on benefits

The Bureau of Public Enterprises (BPE) has facilitated the first Initial Public Offer (IPO) in four years with the planned public offering of Skyway Aviation Handling Company (SAHCO) Plc for the sale of 406,074,000 ordinary shares. The public offer will open next Monday, November 12 and close on Wednesday, December 19, 2018. A statement by […]

AG Leventis records N564m loss in Q3, 2018

AG Leventis (Nigeria) Plc posted a loss after tax of N574.360 million for the nine months ended September 30, 2018 as against a loss after tax of N1.065 billion reported in 2017. According to a report from the Nigerian Stock Exchange (NSE), the group also reported pre-tax loss of N844.647 million during the period under […]

Stock market begins week with 0.2% growth (6/11/18)

The Nigerian Stock Exchange (NSE) opened the trading week on a positive note as bargain hunting in banking stocks drove the All Share Index (ASI) 0.2 percent higher Monday. Specifically, bargain hunting in banking stocks such as Zenith Bank Wit 0.9 percent, FBNH (+1.7%) and STANBIC (+1.1%) drove the positive performance as the ASI settled […]

U.S SEC adopts new rules for brokers on investors’ orders

The United States’ Securities and Exchange Commission (SEC) has adopted amendments that require broker-dealers to disclose to investors new and enhanced information about the way they handle investors’ orders. Specifically, the Commission amended Rule 606 of Regulation NMS to require a broker-dealer, upon a request of a customer who places a “not held” order (e.g., […]

NSE suspends Unity Bank, five others from trading

The Nigerian Stock Exchange (NSE) has announced the suspension from active trading shares of five quoted companies. The affected companies are, Unity Bank Plc, Fortis Microfinance Bank Plc, Thomas Wyatt Nigeria Plc, Multi-Trex Integrated Foods Plc, Golden Guinea Breweries Plc and Deap Capital Management & Trust Plc. According the NSE, the decision to suspend trading […]

Index sustains loss streak, market closes 1.42% lower

Trading on the floor of the Nigerian Stock Exchange (NSE) on Thursday closed in red as the All Share Index (ASI) declined further by 1.42 percent to close at 32,006.65 points as against the previous close of 32,466.27 points on Wednesday. Market capitalisation dropped by 1.42 percent, closing at N11.685 trillion from the previous close […]

Again, bears regain hold as market dips 0.08% (30/10/18)

Trading activities on the floor of the Nigerian Stock Exchange closed negative on Tuesday, as the All Share Index declined 0.08 percent from 33,196.07 points on Monday to close at 33,167.88 points. Market capitalization dipped by 0.08 percent closing at N12.109 trillion as against the N12.119 trillion grossed on Monday, shedding about N10 billion. However, […]

Equity market gains 0.88% on bulllish take off (29/10/18)

Nigeria’s equity market opened on a promising note for investors on Monday, gaining 0.88 percent in value. Specifically, the bourse gained 288.74 points or N105 billion to see the all share index (ASI) rising to 33,196.07 points while market capitalization grew to N12.119 trillion at the close of the day’s trading. Although a cross section […]

NSE slams NEM Insurance N575,505 fine for regulatory breaches

The Nigerian Stock Exchange (NSE) has fined NEM Insurance Plc N575,505 for contravening Rule 19.3 of its Rulebook. This sanction was sequel to a complaint by Bernateva Partners – the solicitor to Eaton Acquisitions Limited, a major shareholder in NEM Insurance Plc – to reverse the decisions reached at the Annual General Meeting (AGM) held […]

Equities market reverses losses, gains 0.44% (25/10/18)

Trading activities on the floor of the Nigerian Stock Exchange (NSE) on Thursday closed positively as the All Share Index (ASI) grew by 0.44 percent to close at 32,545.06 points as against the previous close of 32,403.60 points on Wednesday. Market capitalisation grew by 0.43 percent to close at N11.881 trillion as against the previous […]