By Kayode Tokede The African Development Bank (AfDB) Group has signed a $400,000 grant agreement with the Securities and Exchange Commission (SEC) to strengthen securities market regulation and broaden market instruments. The Director General of the Commission, Lamido Yuguda stated…
By Kayode Tokede The Nigerian Stock Exchange (NSE) All-Share Index and market capitalization depreciated by 1.18 per cent to close the week at 39,331.61 basis points and N20.578 trillion respectively. Notably, sell-offs in Nestle Nigeria Plc (-6.9per cent), Flour Mill…
By Kayode Tokede The NASD OTC Securities Exchange’s NSI return fell by 2.33per cent to close last week at 697.3 basis points as against 713.91 basis points on prior week. In addition, last week saw NASD Investors lose N11.92 billion…
By Kayode Tokede Committed to the continuous development of the Nigerian financial market, in collaboration with market stakeholders, FMDQ Securities Exchange Limited, has through its Board Listings, Markets and Technology Committee, approved the Registration of the Fidson Healthcare Plc N10…
By Kayode Tokede Transcorp Hotels Plc, has launched ‘Aura’, a new digital platform, to afford holiday seekers the ease to book accommodation, restaurants, and experiences. Its Managing Director and Chief Executive Officer, Mrs Dupe Olusola, made this known in a…
By Kayode Tokede The Nigerian Stock Exchange (NSE) on Thursday extended negative trend for the third consecutive trading session following investors-profiting on Nigerian Breweries, Dangote Sugar Refinery and tier-1 banks. The All-Share Index on Thursday declined further by 157.39 basis…
By Kayode Tokede The Shareholders of Vitafoam Nigeria Plc have endorsed the proposed a N979,410 Million which translates into 70 kobo per Ordinary Shares for the company’s 2020 financial performance, a whopping increase of 64 percent as against the corresponding…
By Kayode Tokede The Management of Royal Exchange Plc has notified stakeholders of its inability to meet up with the time frame earmarked for the submission of its Audited Financial Statements for the year ended December 31, 2020, as well…
By Kayode Tokede AFEX commodity exchange has announced the first Warehouse Receipt Backed Commercial Paper in Africa, with tech-enabled operations and a 24-hour fast cash turnaround for borrowers. With over $50 million raised for Agri-SMEs, this bridges the funding gap…
By Kayode Tokede The sell-offs in the domestic stock market continued yesterday as the benchmark index fell 0.44 per cent due to price declines in MTN Nigeria Communications (MTN) and 29 others. The All Share Index (ASI) fell by 175.56…
