Shareholders of Flour Mills meet over dividends, others tomorrow
Shareholders of Flour Mills of Nigeria Plc, FMN, are set to take decisions on the directors’ proposals on the financial results of the company tomorrow in its 61st annual general meeting in Lagos.
NSE migrates four companies to Growth Board
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.
Finance Bill will discourage investment in capital market — ICSAN
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.
State govts borrow N900bn from capital mark
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 kick as FG plans take-over of N158bn unclaimed dividend
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.
E-dividend policy facilitates 80% payment of declared dividend — ICMR
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.
Dealers okay listing of NSE post-demutualisation
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.
Stock market defies economic downturn as investors rake N1.2trn
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 creates more subsidiaries
Cordros Capital Limited has announced expansion of its businesses with the establishment of three new subsidiaries.
Mutual funds asset under management hits N1.3trn on rate decline
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 […]
Investors rally N1.26trn in Q3
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 […]
