Nigerian stocks gain N76bn amid pressure on Dangote Cement, Ardova

Nigerian stocks gained N75.906 billion on Tuesday amidst increased investors’ interest in the shares of Dangote Cement, Ardova, NASCON, Dangote Sugar and May & Baker. The All Share Index (ASI) was up by 0.36 per cent and closed 40,295.95 basis points. Market capitalisation edged up to N21.070 trillion, according to Nigeria Stock Exchange data. Year to date,... Continue Reading →

NSE announces chief executives of emerging entities

The National Council of the Nigerian Stock Exchange has announced the chief executive officers of its operating and non-operating companies. The appointment is put in place upon the completion of its ongoing ‘demutualisation’ exercise. Demutualisation refers to a process by which a private company legally changes its structure, in order to become a public-traded, profit-making company owned... Continue Reading →

NSE ROUNDUP: Industrial goods stocks emerge best in 2020 with 91% yield

In a year largely turbulent for business and financial markets around the world, the Nigerian Stock Exchange (NSE) mercifully turned out an impressive return as market capitalisation opened at N12.958 trillion and closed at N21.057 trillion, meaning that stocks generally appreciated by 50.03% in 2020. The Industrial Index came top of the five sectorial indices of the... Continue Reading →

NSE blacklists two persons for fraud

The authorities of the Nigerian Stock Exchange (NSE) have blacklisted two persons and included them among those not suitable to execute capital market operations. A regulatory document obtained on Monday revealed that the NSE blacklisted Uduma Arunsi, a stockbroker and executive director of Royal Trust Securities Limited, for selling shares belonging to investors without their consents, and... Continue Reading →

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