The combined market capitalization of the stocks worth over one trillion (SWOOTs) appreciated by 2.03% to close at N15.37 trillion from N15.06 trillion the previous week, reflecting a gain of N305.55 billion. Stocks included in this classification are AIRTELAFRICA, BUA…
Trading on the nation’s bourse closed green on Friday with the market capitalisation rebounding by N51 billion due to gains by some blue chips. Specifically, the market capitalisation which opened at N22.056 trillion improved by N51 billion to close at…
The Debt Management Office (DMO) has offered for subscription N250 billion road Sukuk instrument for N1,000 per unit. A statement on DMO’s website indicates that the instrument was issued by “FGN Roads Sukuk Companies 1 Plc.” on behalf of the…
Capital Market Operators (CMOs) will from Jan. 1 begin payment of regulatory fees on bonds for secondary market transactions, the Securities and Exchange Commission (SEC) says. A circular by the management of the Commission in Abuja on Thursday, said it…
The 2022 borrowing program of the African Development Bank has been approved by the Board of Directors for up to $10 billion to be raised from the capital markets. The African Development Bank is active in various international capital markets,…
FBNH on Thursday recorded a decline in share price taking the tier-1 bank’s price to N12.00, slightly dropping by 0.83%. However, the bank traded highest in value of N955 million. The bank’s market value today depreciated by N3.59 billion at…
CBN says $700 million has been invested into the country’s payment system by Nigerian founders between 2015 and 2020. Godwin Emefiele disclosed this at the 2021 annual Bankers’ Committee retreat in Lagos, which held with the theme, ‘Building Resilience for…
By Philemon Adedeji Regulation (NGX RegCo) Limited recently restated its commitment to promoting a fair, transparent, and orderly Nigerian capital market. NGX RegCo disclosed this at the the 2021 Issuers’ Engagement Forum with the theme: ‘Corporate Disclosures – Beyond Numbers.’…
Positive sentiments returned to the Nigerian equities market on Wednesday following investors’ interest in Guaranty Trust Holding Company (GTCO) and 18 others. Specifically, the market capitalisation inched higher by N21 billion or 0.10 per cent to close at N22.102 trillion…
By Racheal Oyelola A former Vice-Chancellor of the University of Ibadan (UI), Professor Olufemi Bamiro has explained the rationale behind the exclusion of Nigerian universities in the list of the best 100 universities in the world. Bamiro, who spoke in…
