Oando’s Share Price Jumps Following Settlement with SEC
The share price of Oando Plc has since joined the Nigerian Exchange Limited’s top gainers with a 9.87 per cent increase in its share price from N3.97 on July 23, 2021, to N4.36…
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Shares
Chapel Hill appointed to handle MTN’s $5.2bn listing in Nigeria
Telecoms giant MTN has appointed Chapel Hill Denham as one of the three brokers for its initial public offering (IPO) on the Nigerian stock market. The Nigerian financial firm will work alongside Renaissance Capital and Rand Merchant…
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…
Oando Crisis: Adeosun queries SEC, appoints new director-general
The Minister of Finance, Kemi Adeosun, has appointed a new director-general for the Securities and Exchange Commission (SEC).The appointment comes days after the confusion between SEC and the Nigerian Stock Exchange (NSE) over the…
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…
MTN may move Nigerian IPO to later in the year
The management of MTN Group is hopeful that its Nigerian subsidiary will finally be listed on the Nigerian Stock Exchange (NSE) before the end of 2018. This comes on the heels of earlier speculations that the telecommunication giant…
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…
Shares, banking, others attracted $47.45bn forex in 4yrs
Shares, financing and banking were the three top economic activities that attracted the bulk of the $47.45 billion foreign exchange inflow to Nigeria in the last four years. Data from the National Bureau of Statistics (NBS) show that…
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…