1. Nigeria Business News

    Business STOCK MARKET CRASH Fixed income market rises by 27% – Vanguard News Nigeria

    2019 polls to determine market direction — Operators By Nkiruka Nnorom THE bearish market in the Nigerian Stock Exchange, NSE, in 2018 may have resulted in unprecedented rise in activities at the nation’s fixed income market during the year. Financial Vanguard’s investigations show that as at...
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    Business Sterling Bank drives turnover volume on NSE – Vanguard News

    Sterling Bank lifted volume of shares traded on the Nigerian Stock Exchange (NSE) on Thursday with 1.75 billion shares worth N3.84 billion achieved in bearish trading. Stock Market The volume of shares traded closed higher with 2.22 billion shares worth N7.49 billion in 5,468 deals majorly due...
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    Business NSE moves to sustain investors’ renewed interest in capital market –

    Nigerian Stock Exchange •Says 33 firms, 435 d irectors pass CGRS rating •Dangote Cement, Access, UBA, others retain rating To sustain investors’ renewed interest in the nation’s capital market and entrench high level of corporate governance in the affairs of listed firms, the … via The...
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    Business Go slow in introducing derivatives, expert caustions NSE –

    Chinenye Anuforo Regulators and operators in the Nigerian capital market have been advised to go slowly in the introduction in derivatives for better results. Former Chairman of the United States Commodities Futures Trading Commission (US CFTC), Mr. James Stone, gave the advice last week while...
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    Business NSE All-Share Index crosses 45,000 mark –

    Price of Some blue chips on the Nigerian Stock Exchange (NSE) on Friday rallied with GT Bank hitting all-time high of N54.71 per share. The News Agency of Nigeria (NAN) reports that the bank topped the gainers’ chart with a gain of N2.60 to close higher at N54.71 per share. … via Vanguard...
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    Business NSE adopts new measures to tackle capital market liquidity constraints –

    Nigeria Stock Exchange, Lagos The Nigerian Stock Exchange (NSE) yesterday, announced new measures to change the structure of its Market Making concept and regulation rules this year. This followed its dissatisfaction with the level of participation in the initiative over the years. Its …...
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    Business NSE: Market Capitalisation Up N88 Billion To Close The Week – Nairaland

    Activities on the Nigerian Stock Exchange (NSE) on Friday sustained the positive slide with the market capitalisation appreciating further by N88 billion, amid gains by blue chips. The News Agency of Nigeria (NAN) reports that the market capitalisation which opened at N13.763 trillion rose by...
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    Business NIPCO Acquires Mobil Nigeria, Changes Name To 11 Plc

    NIPCO Investments Limited has completed the acquisition of ExxonMobil Oil Corporation’s stake in Mobil Oil Nigeria Plc following the approval by the Securities and Exchange Commission, SEC, and the Nigerian Stock Exchange, NSE. The deal, accorded one of the biggest in the downstream sector in...
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    Business Nigeria Stock Market: Highlights of Today’s Trading Session [24-08-2016]

    The Nigerian Stock Exchange (NSE) on Wednesday closed bullish as all-share index (ASI) gained 0.25% to close at 27,880.46 points, while market capitalisation increased by N9,575,528,215,428.93 . The stock market defied Central Bank of Nigeria suspension of all forex transaction of eight banks...
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    Business Dogara Rings Closing Bell of Nigerian Stock Exchange [PHOTOS]

    Speaker of the House of Representatives, Yakubu Dogara today rang the closing bell on the Floor Of The Nigerian Stock Exchange.
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    Business Court Squashes SEC's Appeal Against "Sacked" NSE Boss, Ndidi Okereke

    The Court of Appeal Court in Lagos has quashed the appeal of the Security and Exchange Commission (SEC), challenging a lower court’s ruling nullifying the removal of Ndidi Okereke-Onyiuke as Director-General of Nigeria Stock Exchange. Justice Mohammed Idris of a Federal High Court in Lagos, had...
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    Business Nigerian Stocks Appreciate After 9 Days of Depreciation

    Nigerian stocks on Wednesday made a dramatic recovery to close almost 4 percent higher after depreciating for nine straight days. Nigeria's all-share index, which has the second-biggest weighting after Kuwait on the MSCI frontier market index, rose to 23,335 points, up 3.91 percent. It had...
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    Business Nigeria: NSE Emerges Worst Performing Stock Exchange in Africa

    The Nigerian stock exchange (NSE) has become the worst performing stock exchange in Africa, and the third worst performing in the world, after China and Saudi Arabia. After losing 1.2 trillion in the first eight trading days of 2016, Nigeria has only lost less than China and Saudi Arabia in...