Atiku lamented that Nigeria has become a safe haven for bandits and kidnappers. A former Peoples Democratic Party (PDP) presidential candidate, Atiku Abubakar, has bemoaned the handling of bandits by the President Muhammadu Buhari-led administration. Atiku said bandits may soon apply for registration with the Corporate Affairs Commission, CAC, and seek listing at the Nigerian … Read more
A group of people identified as the Anonymous have hacked the websites of the Nigeria Stock Exchange. The development wouldn’t be the first, as the Anonymous have hacked other important platforms in the country and threaten to do more. The Anonymous on Monday took over admin panel as market opens. The group noted that they … Read more
Following the outbreak of COVID-19, Professor of Finance and Capital Market, Uche Uwaleke, says the Nigerian Stock Exchange (NSE) will likely close 2020 in red. He based his analysis on the negative real Gross Domestic Product (GDP) growth rate forecast by the International Monetary Fund (IMF) and the World Bank. The lecturer at the Nasarawa … Read more
Profit taking was persistent on the Nigerian Stock Exchange (NSE) on Friday with investors net worth dropping further by N155 billion. Specifically, the market capitalization dipped N155 billion or 1.17 percent to close at N13.049 trillion compared with N13.204 trillion achieved on Thursday. Also, the All-Share Index which opened at 25,312.05 shed 295.75 points or … Read more
Trading on the Nigerian Stock Exchange on Thursday returns to negative performance with indices declining by 1.36%, due to profit-taking. The All-Share Index decreased by 309.51 points or 1.36% to close at 22,470.79 against 22,780.30 achieved on Wednesday. Similarly, the market capitalization dipped by N162 billion or 1.36% to close at N11.710 trillion compared with … Read more
The Nigerian Stock Exchange (NSE) says trading activities will be suspended due to the recent confirmed cases of COVID-19 in the country. In a statement on Monday, the NSE noted that with effect from Wednesday, March 25, 2020, all its trading floors will be temporarily closed, while remote trading will continue. It adds that NSE … Read more
Meristem Wealth Management Limited launches a N1 billion subscription offer of Meristem Growth Exchange Traded Funds (ETF) and Meristem Value Exchange Traded Funds, ETF. The two ETFs are syle indices that record the NSE-Meristem Growth Index and NSE-Meristem Value Index respectively and attract a wide range of stock for investors. Similarly, the ETFs are professionally … Read more
Jaiz Bank Plc, Nigeria’s premier non-interest (Islamic) bank has once again shown its capability of rounding up the year positively by posting impressive nine months results. Key extracts of the nine-month report for the period ended September 30, 2019 released to the Nigerian Stock Exchange (NSE) showed that total income rose by 49.2 %, while … Read more
The Nigerian equities market resumed trading for the week on consolidation of a five-day losing streak with a loss of N48 billion due to bargain hunting. Specifically, the market capitalisation on Monday shed N48 billion or 0.36 per cent to close at N13.354 trillion against N13.402 trillion. Also, All-Share Index lost 109.94 points or 0.36 … Read more