Dangote, Others Drive Equities Gain By N330bn
The equity market of the Nigeria Exchange Limited resumed from the Sallah holidays to a positive performance as market capitalisation rose by N329.7 billion to N20.1 trillion.…
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NSE
NSE migrates UBA, Seplat, two others to elite club
The Nigerian Stock Exchange on Monday announced that it had migrated Access Bank Plc, Lafarge Africa Plc, Seplat Petroleum Development Company Plc and United Bank for Africa Plc to its Premium Board. It said the companies applied and met…
Lifting Oando’s suspension in order – SEC
The Securities and Exchange Commission (SEC) yesterday said there was no controversy over the lifting of the suspension on trading on Oando Plc’s shares. Its acting Director-General, Dr Abdul Zubair, explained to reporters in Abuja…
NSE lifts suspension on Oando’s shares again, blames SEC for confusion
The Nigerian Stock Exchange (NSE) has lifted the technical suspension on Oando’s shares for the second time in 48 hours. In a statement released on Wednesday, NSE said the instructions from the Securities and Exchange Commission was…
Confusion as NSE suspends Oando shares — after three hours of trading
Investors and shareholders were left confused on Wednesday after Oando’s shares were placed on technical suspension again after an announcement that it had been lifted. The shares had been placed on technical suspension during…
ANALYSIS: NSE loses N150bn after re-election news — but is Buhari to blame?
Trading on the Nigerian Stock Exchange ended in the red on Monday after President Muhammadu Buhariannounced his re-election bid with large companies ending up as top losers. Unilever, Lafarge, Dangote Cement, Guinness and Dangote…
10 companies fail to meet NSE’s deadline for filing audited reports
First Bank Nigeria Holdings, Union Bank and Diamond Bank are part of the 10 companies that could not meet the March 31 deadline given by the Nigerian Stock Exchange for filing audited financial reports. In statements posted on the…
Dangote Flour Mills records ₦125 billion as FY 2017 revenue
Dangote Flour Mills yesterday released its financial statements for the year ended December 2017. Revenue increased from ₦105 billion in 2016 to ₦125 billion in 2017. Profit before tax rose massively from ₦11.8 billion in 2016 to ₦22.4…
Nigeria capital market recovers, records 0.33% growth
Trading on the Nigerian Stock Exchange (NSE) on Thursday closed on a positive note after dropping for six consecutive days, with the All-Share improving by 0.33 per cent. The index rose by 138.36 points or 0.33 per cent to close at…