Category Archives: Capital Market

UAC reduces stake in MDS logistics, rakes in $2.4 million

UAC of Nigeria Plc of Nigeria Plc is to realise $2.4 million from the sale of eight per cent of its equity in MDS Logistics Limited, a subsidiary where it controls 51 per cent shareholding. The shares will be acquired

SEC regularises 3.4b share certificates in capital market

SEC regularises 3.4b share certificates in capital market

Woos states to cheaper funds at nation’s bourseThe Securities and Exchange Commission (SEC) has said that about 3.4 billion units of shares have been effectively regularised at the Nigerian capital market.Regularisation of share certificates enables investors who bought shares of

Stock market pares losses, recovers 3.2% on bargain hunting

It was a positive performance at the equities market last week as the market pared losses of the previous weeks to gain  3.25 per cent, following bargain hunting in bellwether stocks.  Having declined to an unprecedented record low, the market recovered as

CIS seeks government intervention on falling share prices

…. Tasks members on competenceThe Chartered Institute of Stockbrokers (CIS), has urged the Federal Government to make policies that will stir economic activities and trigger actions in the stock market. The Institute linked the persistent free fall in share prices

Stock market reverses positive streak as index plunge by N28b

Following price losses suffered by most blue-chip stocks, the bears upstaged the bulls on the equities sector of the Nigerian Stock Exchange (NSE), causing market capitalisation to depreciate by N28 billion. Yesterday, the All-share index also dropped 57.27 points or

Stakeholders hinge credit management on trust

Stakeholders at ICA Credit Managers Conference 2019 in Lagos have said that the importance of trust in credit management for economic growth cannot be over emphasized. With the theme: ‘Managing credit for economic growth’, the stakeholders also observed a secular

NASME hails government’s food import policy

The Nigerian Association of Small and Medium Enterprises (NASME) has said that the Federal Government’s decision on foreign exchange restrictions to food import is favourable to the association and manufacturers in the country. The Chairman, Lagos State Chapter of NASME,

Share prices hit 10-year low amid uncertainties, weak economy, others

Prevailing economic downturn has continued to trigger persistent fall in share prices of listed firms, as share prices of most bluechip companies quoted on the Nigerian Stock Exchange (NSE), hit 10-year low under the current financial year. Among these stocks

CBN orders Mfbs to disburse higher, lower banknotes together

The Central Bank of Nigeria (CBN) has mandated the  microfinance banks (MFBs) to mix the lower and higher Naira notes while disbursing it to customers. This is contained in the guidelines for the disbursement of lower denominations of the banknotes through

CBN auctions N34bn treasury bills

The Central Bank of Nigeria (CBN) held a treasury auction on Wednesday to try to lure foreign investors. According to Reuters, traders said the central bank asked them to increase their rates at a bills auction on Wednesday compared with

Stakeholders seek clarification of forex ban for food import

Industry stakeholders have called for further clarification on the recent pronouncement by President Muhammadu Buhari that Nigeria has attained food security, and as such, the Central Bank of Nigeria (CBN), should not extend access to foreign exchange (forex) for food

Negative sentiment persists, index dips further by 1.4%

Negative sentiment persists, index dips further by 1.4%

Negative sentiments continued to pervade activities on the equity sector of the Nigerian Stock Exchange (NSE) as the All-Share Index (ASI) and market capitalisation depreciated by 1.4 per cent to close the week at 26,925.29 points and N13.121 trillion respectively.