Category Archives: Markets

Stock market hits two-year high, soars by N218bn

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The nation’s bourse recorded its highest return in over two years on Monday, as the Nigerian Stock Exchange market capitalisation appreciated by N218bn in one session. At the close of trading on Monday, equities’ capitalisation rose to N11.943tn from N11.725tn recorded last Friday, while the NSE All-Share Index closed at 34,652.52 basis points from 34,020.37 […]

CBN special forex window attracts N2.715tn investments

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The Nigerian equities market has attracted N2.715tn investments owing to the foreign exchange window for investors and exporters introduced by the Central Bank of Nigeria on April 21 this year. Stocks have seen a huge rally across board evident in the soaring Nigerian Stock Exchange market capitalisation of listed equities, the All-Share Index, number of […]

Nigerian Stock Exchange index posts 0.48% growth

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Activities on the Nigerian Stock Exchange (NSE) resumed for the week on Monday on a positive trend with the All-Share Index  improving by 0.48 per cent. The  index rose by 155.43 points or 0.48 per cent to close at 32,614.60 against 32,459.17 achieved on Friday. Also, the market capitalisation which opened at N11.187 trillion inched N53 […]

20 stocks appreciate as market records marginal gain

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The Nigerian equities market appreciated marginally by 0.16 per cent at the close of trading on Thursday after 20 stocks closed positive. A total of 168.512 million shares valued at N3.627bn were traded in 3,536 deals. The Nigerian Stock Exchange market capitalisation rose to N11.151tn from N11.133tn, as the All-Share Index closed at 32,354.78 basis […]

Naira appreciates marginally against the dollar

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The Naira has appreciated marginally against the dollar at the parallel market, according to reports. The Nigerian currency traded at N365 to a dollar, stronger than N366 its closing rate on Tuesday, while the pound sterling and the Euro exchanged at N468 and N412, respectively. At the Bureau De Change (BDC) window, the Naira closed […]

Banking stocks record 3.36% loss, equities shed N162bn

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Banking stocks sank by 3.36 per cent week-to-date at the close of trading on the floor of the Nigerian Stock Exchange on Tuesday as the Exchange’s market capitalisation dropped by N162bn. Bearish sentiments dominated the equities market for the third consecutive day, as the NSE All-Share Index declined by 1.10 per cent, to settle the […]

Nigeria sells five, 10- and 20-year bond to raise N99.26bn

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Nigeria sold a five, 10- and 20-year debt at a flat rate of 16.19 percent, raising N99.26 billion at an auction on Wednesday to curtail borrowing costs as inflation declines. The Debt Management Office (DMO) raised a total of 99.26 billion naira ($315.11 million), less than the 140 billion naira it wanted to raise, as […]

SEC commends DMO, CBN, PENCOM on N100bn Sukuk

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The Securities and Exchange Commission (SEC) has commended the Debt Management Office (DMO) on arrangements to issue the maiden N100.0 Billion Sukuk in the Nigerian Capital Market. In a statement by the SEC “This is a major milestone for Nigeria as it will catalyze the development of non-interest capital market products.  The issuance of this Sukuk follows diligent advocacy effort from […]

AMCON Reduces Loss to N254.34bn

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There seems no indication confirming the possibility of establishing an Asset Management Corporation of Nigeria, AMCON II, which was thought would help reduce the volume of non-performing loans in the banking industry.  So says the Managing Director, AMCON, Ahmed Kuru. He however said the advocates of the proposed debt body could start a private sector […]

NDIC ACADEMY TO LEAD AFRICA IN DEPOSIT INSURANCE

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The Nigeria Deposit Insurance Corporation (NDIC) is set to lead the African Sub-Region in enhancing capacity building and bridging skills gaps in the banking industry in general and the Deposit Insurance Scheme (DIS) in particular. The NDIC’s Managing Director/Chief Executive, Alh. Umaru Ibrahim made this remark during the accreditation ceremony of the NDIC Academy as […]