News In : Markets   (Page 3)
  • Profit-taking Hits Stock Market, Investors Lose N121.5bn
  • The Nigerian stock market closed in losses on Wednesday resulting in equities investors losing N121.5bn. The market shrank for the third consecutive trading day as the All-Share Index  shed 0.77 per cent to settle[...]
  • Date Posted:: 08/Feb/2018
  • MTN to List N153bn Shares on NSE This Year
  • Telecoms operator, MTN Group Limited, is planning to raise about N153bn ($500m) from the sale of shares in its Nigerian business during the first half of this year, fulfilling the terms of a deal struck with the country[...]
  • Date Posted:: 08/Feb/2018
  • FG Reappoints Consortium of Banks to Handle $2.5bn Eurobond
  • Federal Executive Council on Wednesday reappointed a consortium of banks to handle the nation’s $2.5bn Eurobond issuance. The Minister of Finance, Mrs. Kemi Adeosun, disclosed this to State House correspondents at[...]
  • Date Posted:: 08/Feb/2018
  • Forex Repatriation: CBN to Punish Non-compliant Exporters
  • The Central Bank of Nigeria (CBN)-backed Bankers’ Committee yesterday announced the commencement of sanctions against exporters who fail to repatriate foreign exchange (forex) proceeds from their business into the[...]
  • Date Posted:: 07/Feb/2018
  • Nigerian Equities Down as Global Stock Market Plunges
  • Nigerian equities declined for the second consecutive trading session yesterday as investors stepped up profit-taking amidst concerns that global equities slowdown may negatively impact the domestic market. Most advance[...]
  • Date Posted:: 07/Feb/2018
  • Market Indices, Volume Nosedive on NSE
  • Activities on the Nigerian Stock Exchange (NSE) opened for the week on Monday in red, with market indices losing 0.85 percent and volume of shares dropping by 20.25 percent. The News Agency of Nigeria (NAN) reports that[...]
  • Date Posted:: 07/Feb/2018
  • Hallmark Insurance, Skye Bank Losses Depress NSE’ Capitali...
  • Losses sustained by 48 quoted companies led by an insurance name, Hallmark Insurance Plc, Skye Bank Plc, Transcorp Plc, FBN Holdings Plc and AG Leventis today resulted in further loss of N138 billion in the equities capi[...]
  • Date Posted:: 07/Feb/2018
  • $60b Wipes Off Value of Crypto Currency Market in 24 hours
  • Investors in the crypto currencies may be going through difficult times, as over $60billion is being wiped off the value of crypto currencies, while bitcoin fell below $8,000 again for the third time in four days. Report[...]
  • Date Posted:: 07/Feb/2018
  • We’ve not Withdrawn Case Against SEC, Says Oando
  • Oando Plc has stated that its legal tussle with the Securities and Exchange Commission with respect to the planned forensic audit of the oil firm is still on. The spokesperson for Oando, Alero Balogun, told our correspo[...]
  • Date Posted:: 07/Feb/2018
  • Naira May Depreciate to 386/Dollar in H2 —PwC
  • The naira may depreciate against the United States dollar at the Investors and Exporters Window to 386 from the current average of 360, PricewaterhouseCoopers has said. In its economic outlook for 2018, which was releas[...]
  • Date Posted:: 07/Feb/2018
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