capital market

NASD OTC Securities drops by 0.91%

By Kayode Tokede NASD OTC Securities Exchange market dropped by 0.91 per cent to close the week at 740.04  basis points against 741.45 basis points on last Friday. Also, the market closed on a negative note Year-till-Date (YtD) as the…

Ardova moves to acquire Enyo retail, supply

By Kayode Tokede Ardova Plc (AP), a Nigerian integrated energy company has said that  it is set to conclude the acquisition of Enyo Retail and Supply Limited (Enyo), as discussions were currently ongoing. Chief Executive Officer of AP, Mr. Olumide…

Stanbic IBTC suspends BDC business

By Kayode Tokede Stanbic IBTC Bureau De Change Limited said it discontinued its Bureau De Change business. The holdings, Stanbic IBTC Holdings announced on the Nigerian Stock Exchange (NSE) on Wednesday  that its BDC subsidiary, (Stanbic IBTC BDC) discontinued its…

Equities market opens week with 0.08% gain

By Kayode Tokede The Nigerian Stock Exchange (NSE) on Tuesday sustained positive posture, appreciating by N75.91 billion due to buying interest on Dangote Cement and 26 stocks. Specifically, the market capitalisation inched higher by N75 billion to close at N21.069…