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Banking stocks boost stock market value by N2.9bn

Banking stocks boost stock market value by N2.9bn

Banking stocks on the Nigerian Stock Exchange, NSE last week contributed a significant N2.9 billion to boost market value to N5.495 billion recorded in a three day trading for the week under review.

Dematerialisation eliminates bottlenecks of verifying share certificate – Mekiliuwa

Dematerialisation eliminates bottlenecks of verifying share certificate – Mekiliuwa

The advantages of dematerialization are many: it enables the investor to trade at any time without necessarily passing through the bottlenecks of verifying the share certificates any longer, because the shares are now domiciled with CSCS, he can give a mandate to his broker at any time and the broker accesses the Exchange that same day and trade for him. Some of the beauties of dematerialisation are that it enhances market dynamism, liquidity and decision making in securities investment, etc.

Conoil grows half year profit by 196%

Conoil grows half year profit by 196%

Conoil Plc has recorded a half year Profit Before Tax, PBT of N1.566 billion for the unaudited results ended June 30, 2016, representing a growth of 196 per cent from N528.5 million recorded in the corresponding period of 2015.