Category Archives: Markets

SEC restates need for corporate governance in business

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The Securities and Exchange Commission (SEC) has restated the need for business owners in the country to embrace corporate governance as a desirable option. The Acting Director-General of SEC, Ms Mary Uduk, in a statement , said that this would help grow their enterprises, improve shareholders’ funds and improve profitability on a sustainable basis. Uduk said […]

CBN Boosts FOREX Market With $210m

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Godwin Emefiele

The Central Bank of Nigeria (CBN) has stepped into the inter-bank sector of the Foreign Exchange market, yet again, intervening in the wholesale segment and other sectors of the market to the tune of $210 million. Figures released by the Bank on Tuesday, April 24, 2018, reveal that the Wholesale sector of the market got […]

SEC Hosts First CMC Meeting 2018

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The Securities and Exchange Commission (SEC) is set to host the First Capital Market Committee (CMC) meeting for 2018. The meeting is scheduled to hold in Lagos from Thursday April 19 to Friday April 20, 2018 at the Federal Palace Hotel, Victoria Island, Lagos.   According to a statement from SEC, the meeting is scheduled […]

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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abraham-nwankwo

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 […]