Wednesday, May 13, 2020

Tag "nigeria stock exchange"

    Investors lose N133bn on sustained negative sentiments

Investors lose N133bn on sustained negative sentiments

The key performance indices of the Nigerian Stock Exchange (NSE) dropped further on Tuesday by 1.06% amid profit-taking in some blue chips stocks. Consequently, the market capitalisation lost N133 billion to close at N12.349 trillion against N12.482 trillion recorded on Monday. Also, the All-Share Index, which opened at 23,950.83 shed 254.93 points to close at 23,695.90. Accordingly, month-to-date (May 1 to date) gain [...]

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    MTN’s reign as NSE’s largest company cut short by Dangote Cement

MTN’s reign as NSE’s largest company cut short by Dangote Cement

It will go down in history that MTN Nigeria Communications spent two days as the largest company by market capitalisation on the Nigerian Stock Exchange (NSE). At the close of trading on Thursday, MTN's market capitalisation was N2.80 trillion while Dangote Cement's market capitalisation was N2.84 trillion. Shares belonging to both companies were among the top gainers on the bourse. MTN's shares gained [...]

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    Diamond Bank chairman, three directors resign

Diamond Bank chairman, three directors resign

Oluseyi Bickerseth, chairman of the board of Diamond Bank, and three other directors of the bank has resigned. The bank announced the resignation in a notice sent to the Nigerian Stock Exchange and signed by Uzoma Uja, company secretary, on Thursday. "We wish to notify the Nigerian Stock Exchange (NSE) and the public that the following Non-Executive Directors have resigned from the [...]

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    Absa Nigeria, Barclays Africa subsidiary, to join NSE as broker

Absa Nigeria, Barclays Africa subsidiary, to join NSE as broker

Barclays Africa says it will join the Nigerian Stock Exchange (NSE) as a broker in July, Reuters reports. The NSE was named among the best-performing stock markets in the world in 2017. In the past few years, the bourse has been mulling applications from leading global investment banks to join its trading floor to boost foreign investment in Nigeria. Speaking on Thursday in [...]

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    MTN to raise N400bn on NSE after listing

MTN to raise N400bn on NSE after listing

Ralph Mupita, chief financial officer at MTN Nigeria, says the company hopes to raise N400 billion from its debt issuance when it gets listed on the Nigerian Stock Exchange later in the year. Speaking in a Bloomberg interview, Mupita said the proceeds will be used to fund local investment and replace existing debt. Getting listed on the stock exchange had been one [...]

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    Oliseh to ring closing bell at the Nigerian Stock Exchange

Oliseh to ring closing bell at the Nigerian Stock Exchange

Super Eagles coach, Sunday Oliseh, will perform the significant ringing of the bell at the closing of business at the Nigerian Stock Exchange (NSE) on Monday, August 17. Oliseh will attend the event at the NSE in Lagos in the company of Amaju Pinnick, president of the Nigeria Football Federation and vice presidents Seyi Akinwunmi and Shehu Dikko. “The ringing of [...]

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