By Kayode Tokede Transactions on the Nigerian Stock Exchange returned to negative territory on Thursday, following sell pressure on Dangote Cement and 10 other stocks. Consequently, the All-Share Index declined by 234.08 basis points or 0.60 per cent to 38,697.17…
By Kayode Tokede The Federal Government has been urged to focus on raising bonds from the capital market as a means to financing revenue generating projects while working to reduce balance sheet borrowing. These, among others, were part of the…
By Kayode Tokede The equities market of the Nigerian Stock Exchange (NSE) on Wednesday overcame its negative posture growing by N128 billion following bargain buying in Dangote Cement and Nestle as well as news of approval of demutualisation. The Securities…
By Kayode Tokede The Nigerian Stock Exchange (NSE) has received final approvals of its demutualisation plan from the Securities and Exchange Commission (SEC) and Corporate Affairs Commission (CAC) respectively. With these approvals, The Exchange has now completed its demutualisation process.…
By Kayode Tokede Investors on the Nigerian Stock Exchange (NSE) on Tuesday lost N317 billion in a trading session amid sell pressure on bellwethers. Specifically, the market capitalisation which opened at N20.612 trillion shed N371 billion or 1.80 per cent…
By Kayode Tokede Sterling Bank Plc has announced the appointment of Messrs Ankala Syam Prasad and Paritosh Tripathi into its Board as Non-Executive Directors, subject to approval from the Central Bank of Nigeria (CBN). According to a disclosure signed by…
By Kayode Tokede The management of Wema Bank Plc said it has submitted Audited Financial Statement (AFS) for full year ended December 31, 2020 to Central Bank of Nigeria (CBN) and awaits approval. The Company Secretary/Legal Adviser, Wema bank, Johnson…
By Kayode Tokede The Nigerian Stock Exchange (NSE) equities market resumed trading for week upbeat on Monday with market capitalisation improving by N34billion. The market capitalisation rose by 0.17 per cent to close at N20.612 trillion in contrast with N20.578…
By Kayode Tokede The United Bank for Africa Plc (UBA) has announced a Profit Before Tax (PBT ) of N131.9 billion in its audited results for the full-year ended December 31, 2020, as against N111.3 billion reported at the end…
By Kayode Tokede The Securities and Exchange Commission (SEC) is set to host the 2021 edition of Budget Seminar virtually on Thursday. The theme of the event is “Financing Nigeria’s Budget and Infrastructure Deficits through the Capital Market.” Expected as…
