News on Monday reaching us had it that Nigerian Stock Exchange (NSE) market indices resume is fast dropping to a very low percentage of 0.12 which is about 18 billion.
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Records and reviews have it that the following turnover in Nigerian Stock Exchange records 21.7b shares worth N197.22b in January 2017:
* The market posted a turnover of N47.7 billion on 8.12 billion shares in 61,515 deals for the month of January 2017.
* Data bought from NSE suggests that the economic services quarter was once the most energetic in quantity terms, with a total of 13.09 billion shares really worth N107.96 billion in 106,466 deals.
* The Nigerian Stock Exchange recorded Read more [...]
$55million was injected into the economy for Nigerians requiring foreign alternate (Forex) for Business/Personal Travel Allowances, tuition, and medical prices by the Central Bank of Nigeria (CBN), and this used to be part of the $210million pumped into more than a few segments of the overseas trade market with the aid of the apex bank.
Mr Isaac Okorafor who is the CBN performing Director released A breakdown of the quantity which showed the following;
* aside from the $55million greenbacks Read more [...]
On Friday the Price of Some blue chips on the Nigerian Stock Exchange (NSE) rallied with GT Bank hitting all-time excessive of N54.71 per share.
the financial institution topped the gainers’ chart with a achieve of N2.60 to close higher at N54.71 per share.
Unilever observed with achieve of N2 to close at N47, while International Breweries multiplied by N1 to close at N63 per share.
Stanbic IBTC received 99k to shut N46, whilst Zenith Bank rose with the aid of N0.70 kobo to shut at N33 Read more [...]
The country’s main fairness index grew 12 percent this 12 months in greenback terms, pushing it to the easiest level because 2008, Nigerian stocks have jumped to a nine-year high as Africa’s largest economy emerges from its worst recession in 25 years, buoyed via the high price of oil at $69 a barrel.
Investors are shopping for the cheapest stocks in Africa, confident that the Nigerian economy is set to get better and oil fees will continue to be high.
“The reality that we’ve seen Read more [...]
On Wednesday, the Nigerian Stock Exchange (NSE) persevered with the market capitalization which opened at N15.782 trillion inched N298 billion or 1.89 per cent to shut at N16.080 trillion.
Also, the All-Share Index rose by means of 830.52 points or 1.89 per cent to shut at 44,885.24 in contrast with 44,054.72 executed on Tuesday.
Mr Oscar Onyema, the NSE Chief Executive Officer, attributed the market increase to great performance of 2017 which boosted investors’ confidence.
Onyema said Read more [...]
On Tuesday, the Nigerian Stock Exchange, NSE, attributed its equity rally to the remarkable performance of the market in the out gone year.
the Chief Executive Officer of the NSE, Oscar Onyeama, made this regarded at the Exchange’s 2017 Market Recap and Outlook for 2018 programme held at the change in Lagos the place he argued that about 12 per cent increase recorded by using the market so a long way in 2018 was due to the emergence of the Nigerian bourse as the 1/3 fantastic performing market Read more [...]
The Nigerian Stock Exchange, NSE, has introduced the suspension of trading in shares of 7-Up Bottling Company Plc.
According to a suspension observe dated January 12, the NSE stated trading in the shares of 7-Up Bottling Company Plc has been placed on full suspension.
The notice, signed by using Godstime Iwenekhai, Head, Listings Regulation Department, said the suspension was once necessitated by way of the need to ascertain the company’s majority shareholder, which also explained that Read more [...]
The Central Bank of Nigeria has ordered the Deposit Money Banks to droop the bank money owed and Bank Verification Numbers of their customers linked with any fraudulent activities.
The order was contained in a framework released with the aid of the CBN to guide the banks in the operations of the BVN.
The framework came barely one yr after the CBN mandated all financial institution clients in the united states to reap their BVN.
As a result of the framework, a variety of the DMBs Read more [...]
Giving a breakdown of the intervention, the bank’s appearing Director, Corporate Communications, Isaac Okorafor, on Monday in Abuja stated that 100 million greenbacks was once presented to authorized sellers in the wholesale section of the market of which Small and Medium Enterprises (SMEs) phase received the sum of fifty five million dollars.
Also, clients requiring overseas alternate for tuition fees, medical payments and Basic Travel Allowance (BTA), among st others have been Read more [...]