Category Archives: Markets

NSE market capitalisation bounces back by 1.87%

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The Nigerian Stock Exchange (NSE) has closed trading activities for the week on a positive note with the market capitalisation rebounding by 236 billion naira or 1.87 per cent to close on Friday at N12,874 trillion, compared to Thursday’s closing of 12,638 trillion Naira. Similarly, the All-Share Index which had closed on Thursday at 34,618.43 […]

Naira gains 40kobo against dollar at parallel market

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The Nigerian currency, Naira gained 40k against the dollar at the end of trading, exchanging at N359.60k stronger than N360 traded last Thursday. The Pound Sterling and the Euro closed at N469 and N413 respectively. At the Bureau De Change (BDC) window, the Naira exchanged at N360 to the dollar, while the Pound Sterling and […]

Baru says NNPC’ to list 40% of shares on NSE

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The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has said 40 per cent of the shares of the Corporation would be floated on the Nigerian Stock Exchange (NSE) when the Petroleum Industry Governance Bill (PIGB) gets  Presidential Assent. Baru spoke yesterday in Lagos at the 2018 annual conference of the Association […]

Wholesale market, others get $210m CBN boost

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The Central Bank of Nigeria (CBN) has sustained its intervention in the inter-bank foreign exchange market by injecting yet another sum of $210,000,000 into various sums of the market on Tuesday, August 14, 2018. At Tuesdays trading, the Bank offered the sum of $100,000,000 as wholesale interventions and allocated the sum of $55,000,000 each for […]

SEC Issues Deadline For Registration of Unlisted Securities ***Says No official application has been received from MTN

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The Securities and Exchange Commission (SEC) has issued Dec. 31 deadline to public companies to register all their securities with the commission to boost the NASD Over-The-Counter (OTC) market. SEC Acting Director-General, Ms Mary Uduk   who disclosed this at the second post Capital Market Committee (CMC) meeting in Lagos, noted that all public companies in Nigeria had till […]

Forex: CBN injects $327m, CNY 69m into Retail SMIS

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The Central Bank of Nigeria (CBN) has injected $327.4 million into the interbank retail Secondary Market Intervention Sales. This is in addition to the sale of CNY 69,707,333.39 in the spot and short-tenored forwards. The figures obtained from the CBN at the weekend, showed that the dollar-denominated interventions were only for concerns in the agricultural […]

EFCC probes 35 capital market fraud cases

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THE Economic and Financial Crimes Commission (EFCC) is investigating about 35 fraud cases at the capital market. Sources confirmed at the weekend that the EFCC and the market regulators, especially Nigerian Stock Exchange (NSE), have stepped up collaboration on prevention of corrupt practices and market abuses with the NSE referring more cases to the anti-graft […]

CBN auctions Chinese currency

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The Central Bank of Nigeria sold yuan at a range of 49-51 naira at its first auction of the Chinese currency- Yuan. The auction, which is part of an attempt to encourage the use of an alternative trading currency, particularly given the high level of imports from China, sold the yuan for immediate value and […]

Stock market capitalisation gains 0.84%

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The All Share Index and the market capitalisation of the Nigerian Stock Exchange gained 0.84 per cent on Monday, starting the week on a positive note. The All Share Index and the market capitalisation stood at 36,946.05 basis points and N13,384 trillion, gaining 309.08 basis points and N112 billion respectively. At the end of the […]

Chinese Yuan: CBN injects $340ml into Secondary Market Intervention Sales

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Following last weeks take-off of its intervention in the sale of foreign exchange in Chinese Yuan (CNY), the Central Bank of Nigeria (CBN), on Friday, injected the sum $340, 507, 376.51 into the interbank retail Secondary Market Intervention Sales (SMIS). This is also in addition to the sale of CNY 69,858,087.15 in the spot and short […]