Category Archives: Capital Market

C & I Leasing’s N7b bond to drive expansion, debt refinancing


Records 133% over-subscription C&I Leasing Plc has announced that N7 billion Series I bond which opened on Monday May 21, 2018 recorded 133 per cent

CBN shouldn’t reduce benchmark interest rate – Experts


Financial and economic experts have said a downward review of the Monetary Policy Rate by the Central Bank of Nigeria will no longer be necessary.

CBN to sell N1.1trn Treasury Bills in 3 months

CBN to sell N1.1trn Treasury Bills in 3 months

The Central Bank of Nigeria (CBN) has rolled plans to issue N1.1 trillion worth of Treasury Bills (NTBs) in the next three months to August

US stocks end lower on trade war fears, Dow -1.0%

us stock

Wall Street stocks finished solidly lower Thursday after a Trump administration announcement of tariffs on steel and aluminum imports from Europe, Canada and Mexico deepened

Stock market: Bearish sentiment pushes returns to negative


Following the consistent bearish run that has dominated the Nigerian Stock Exchange, NSE, in the last two months the year-to-date, YtD, return yesterday relapsed to

Paga processes N660 billion worth of transactions


For the third year in a row, Paga has been presented an award by the Nigeria Inter-Bank Settlement Systems Plc (NIBBS) for the mobile money

Stock market value falls below N14tn, investors lose N153bn


The total market value of all companies trading on the Nigerian Stock Exchange fell below the N14tn mark on Wednesday, for the first time since

Non-oil exporters await promissory notes as EEG backlog hits N350 billion

Non-oil exporter

Prolonged approvals from the National Assembly for non-oil export incentives under the revised Export Expansion Grant (EEG) scheme, also known as the Export Credit Certificate

Shareholders approve Forte Oil’s restructuring plan

Shareholders approve Forte Oil’s restructuring plan

Shareholders of Forte Oil Plc have approved the plan to restructure the company, subject to the approval of all regulatory authorities. The company stated this

NSE: Trading resumes on negative trend with 0.75% loss


Activities on the Nigerian Stock Exchange (NSE) resumed for the week on Monday still in red with the indices dropping by 0.75 per cent, while

Equity market- Listed securities on NSE


The equity market trended downward for the second consecutive week as investors stayed on the sidelines last week amidst the build up to the electioneering

35 stocks fall, investors lose N154bn in one day

35 stocks fall

The losses recorded by 35 equities listed on the Nigerian Stock Exchange at the end of trading on Thursday wiped out a total of N154bn

Manufacturers hope on Nigeria-China currency swap to reduce costs


Manufacturers have expressed the hope that the proposed currency swap between Nigeria and China will go a long way in reducing their cost of doing

Investors lose N100 billion in three trading days


The dominance of the bears remains unabated in the equity sector of the Nigerian Stock Exchange (NSE), following continued price losses by virtually all the