News In : Markets   (Page 1)
  • Market Capitalisation Hits New High of N16tn as Bulls Sustai...
  • The bulls continued their run on the Nigerian bourse Wednesday, lifting market capitalisation on the Nigerian Stock Exchange (NSE) to a new high of N16.08 trillion, just as the All-Share Index rose by 1.89 per cent to cl[...]
  • Date Posted:: 18/Jan/2018
  • Nascon, Cadbury, UPL Record losses, Equities Gain N298bn
  • Despite N298bn appreciation recorded in the country’s equities market, Nascon Allied Industries Plc, Cadbury Nigeria Plc and University Press Plc closed in losses at Wednesday’s trading. Nacon, Cadbury and U[...]
  • Date Posted:: 18/Jan/2018
  • Firm Rules Out Forex Scarcity in 2018
  • Analysts at Lagos-based CSL Stockbrokers Limited have expressed optimism that foreign exchange (forex) supply in the economy will remain sufficient in 2018 to ensure there is not a return to de facto capital controls tha[...]
  • Date Posted:: 17/Jan/2018
  • Bitcoin Slides to Below $10,000
  • Bitcoin, the dominant digital currency, extended a slump Wednesday following a recent surge to trade below $10,000 for the first time since the start of December. Around 1410 GMT, bitcoin stood at $9,807.56 to record it[...]
  • Date Posted:: 17/Jan/2018
  • Stock index Gains 0.51%, FCMB, Skye Bank lead
  • The Nigerian Stock Exchange All-Share Index closed positive by 0.51 per cent at the close of trading on Monday, driving the year-to-date return up to 12.75 per cent. The market volume and value declined by 47.62 per cen[...]
  • Date Posted:: 16/Jan/2018
  • Meristem Drove 13.3% of NSE’s 2017 Stockbroking Value – ...
  • Meristem Securities Limited was responsible for 13.3 per cent of the value of stocks traded on the floor of the Nigerian Stock Exchange in 2017 by top 10 firms, making it the second leading stockbroking house for the yea[...]
  • Date Posted:: 16/Jan/2018
  • NAICOM Cuts Microinsurance Firms’ Capital Base to N40m
  • The National Insurance Commission has reduced the minimum capital base for microinsurance companies from N150m to N40m. This was contained in the new microinsurance guideline that was released by the commission and obta[...]
  • Date Posted:: 16/Jan/2018
  • FMN to Begin N39.86bn Share Sale on Monday
  • Flour Mills of Nigeria Plc plans to start marketing a share sale to existing investors aimed at raising N39.86bn ($130m) on January 15, 2018, the Nigerian Stock Exchnage said on Thursday, after granting approval. The fl[...]
  • Date Posted:: 12/Jan/2018
  • Buying pressures Prevail in T-bills Market
  • Bullish sentiments prevailed in the secondary market for Treasury bills on Thursday as the average T-bills yield declined by 0.13 per cent to close at 14.51 per cent. All the tenors witnessed yield declines, save for th[...]
  • Date Posted:: 12/Jan/2018
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