The Nigerian Stock Exchange (NSE), yesterday, migrated four companies – Chellarams Plc, Living Trust Mortgage Plc, McNichols Plc, and The Initiates Plc to the Growth Board from the Alternative Securities Market (ASeM) even as the Exchange launched the associated Growth Board Index to track development in the sector.

The Institute of Chartered Secretaries and Administrators of Nigeria, ICSAN, has called FOR section 39 of the Finance Bill 2021 to be expunged, to avert the possibility of problems in the capital market and discouragement of investments in the country’s economy.

By Peter Egwuatu CAPITAL MARKET The Securities and Exchange Commission (SEC) has disclosed that state governments in Nigeria have borrowed not less than N900 billion from the capital market since 1978. Director General,  SEC, Mr Lamido Yuguda, disclosed this at a webinar organised by the Nigerian Stock Exchange (NSE) in partnership with the Nigeria Governors’ […]

Investors in the Nigerian capital market have expressed disgust over the plan by the Federal Government to take over the N158 billion outstanding unclaimed dividend in the market.

The Institute of Capital Market Registrars (ICMR) has said that the introduction of electronic dividend payment system has so far been successful as it has led to the payment of close to 80 to 100 percent of declared dividends on the payment date.

The dealing members of the Nigerian Stock Exchange (NSE) have approved the listing of the Nigerian Exchange Group Plc (NGXG) on the stock market once the demutualization of the NSE is completed.

The Nigerian stock market continued its gaining streak defying the prevailing economic down turn with the investors gaining N1.2 trillion in the first three trading days of this week.

Cordros Capital Limited has announced expansion of its businesses with the establishment of three new subsidiaries.

By Nkiruka Nnorom CAPITAL  MARKET Equity researchers at Coronation Asset Management, a subsidiary of Coronation Merchant Bank, have disclosed that Mutual Funds’ Assets Under Management (AuM) has reached N1.3 trillion as at the end of June 30, 2020 following declining interest rate in the money market. They said Mutual Funds’ AuM is set to surpass […]

By Nkiruka Nnorom CAPITAL  MARKET The protracted bearish run in the equities market that followed the Coronavirus (COVID-19) lockdown as well as fall in oil prices that resulted in weak activities in the stock market in the first half of the year has started to recede as investors gained N1.26 trillion from their investments in […]

Equity researchers at FBNQuest Merchant Bank, the asset management subsidiary of First Bank of Nigeria (FBN) Limited, have said that Nigeria’s economy would return to a growth path in the first quarter (Q1) 2021, after contracting by a record 6.1 percent in the first half of the year following the effect of the COVID-19-induced lockdown on the economy.

As investors anticipate the launch of derivatives trading in the Nigerian capital market, the Nigerian Stock Exchange (NSE) is laying the ground work to build a standardized derivatives market.

In its effort to boost stakeholders’ value, Global Spectrum Energy Services (GSES) Plc has disclosed plan to boost its business by seeking new opportunity in other business lines, even as it recorded 31 percent growth in revenue for the financial year ended December 31, 2019.

Top securities dealers in Nigeria have urged the Federal Government to expand the agriculture sector to create job opportunities for youths and leverage Commodities Exchanges to grow the country’s foreign exchange earnings, forex, in view of dwindling income from the international oil market.

THE Chartered Institute of Stockbrokers (CIS), has signed a Memorandum of Understating (MoU) with Cavidel Limited, an information technology firm, to automate its business processes in line with the global best practices.