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Stock market capitalisation records 26.6% growth, hits N11.533trn

Stock market capitalisation records 26.6% growth, hits N11.533trn

•Say it will affect market performance in 2nd half…
The positive sentiment at the Nigerian stock market at the beginning of the year has continued to impact on performance of the market which has recorded a 26 per cent growth in the last eight months. The market indicators, which are the barometer of the health of the financial market, as at the end of third quarter of 2013 showed that share prices of most of the companies listed in the exchange have risen by 26.6 per cent.

NSE boss harps on integration of African stock exchanges

NSE boss harps on integration of African stock exchanges

The Chief Executive Officer of the Nigerian Stock Exchange, NSE, Mr. Oscar Onyema, has called for collaborative effort towards integration of stock exchanges within the West African sub-region, saying that it will engender significant growth in the markets.

Transcorp N13bn rights issue 32.08% oversubscribed

Transcorp N13bn rights issue 32.08% oversubscribed

Transnational Corporation of Nigeria (Transcorp) has disclosed that its N13 billion rights issue to the existing shareholders of the company was 132.08 subscribed, indicating 32.08 percent over-subscription.

Vanguard Detty December