Tag "Nigerian Stock Exchange"

FBN Insurance wants to takeover Oasis Insurance

FBN Insurance on Thursday has made public its interest to take over Oasis Insurance.According to a statement released by the company, it will launch a bid next week to buy out the 28.8 per cent minority stake in Oasis Insurance, that it does not already own, in a deal valued at N1.03 billion ($6.34 million).FBN Insurance, jointly owned by Nigeria’s [...]

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    Forte Oil joins league of high-priced stocks

Forte Oil joins league of high-priced stocks

As part of its plans to improve liquidity and deepen the market, the Nigerian Stock Exchange (NSE), having concluded its review of the prices of stocks, has announced that Forte Oil Plc. has been added to the league of High-Priced Stocks with effect from Wednesday, July 02 2014.High Priced Stocks are securities that have traded an average of N100 or [...]

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    NSE: Market cap adds N43 billion

NSE: Market cap adds N43 billion

Figures from the trading floor at the Nigerian Stock Exchange (NSE) on Tuesday show that the market continued the positive trend it began on Monday, with indices and capitalization further appreciating.The market capitalisation added N43 billion to stabilize on the N14 trillion mark it hit on Monday, closing at N14.070 trillion, compared with the opening capitalisation of N14.027 trillion.The All-Share Index [...]

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    BDC operators ‘not ready’ for new capital base

BDC operators ‘not ready’ for new capital base

Some Bureau De Change (BDC) operators have urged the Central Bank of Nigeria (CBN) to extend the deadline for the new capital requirement released for the industry, saying that the July 15 deadline is very short.Speaking with NAN, they observed that failure to review the recapitalisation time frame could lead to the closure of many BDCs with loss of jobs, which will hamper [...]

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Exchange Rates

December 05, 2019USDGBPEUR
INTERBANK306397354
LAGOS355444389
KANO354445370
PH355447412
ABUJA356454413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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