NSE market capitalisation loses N74 bn in one day
Activities on the Nigerian Stock Exchange (NSE) opened for the week on Monday on a downward trend with the market capitalisation losing N74 billion, amid profit taking embarked upon by investors.
Berger Paints pledges to enhance shareholders’ value
Berger Paints Nigeria Plc has pledged to enhance shareholders’ value as it commenced fresh capital injection in a bid to reposition the company.
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
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.
NSE explains current position of Investors Protection Fund
The Nigerian Stock Exchange, NSE has explained that its newly inaugurated Board of Trustees of Investors Protection Fund (IPF) is considering the modalities for the implementation of the Fund.
Conoil half year revenue up by N3.4bn
Conoil Plc has recorded impressive result with a revenue growth of N3.4 billion for the six months period ended June 30, 2013.
NSE set to expose high risk practices in capital market
The Nigerian Stock Exchange, NSE, said it is planning to bring to the fore issues and business practices among the stockbrokers that pose the highest risks to the investing public in order to strengthen the integrity of the market.
NSE plans market-wide rule on price movement
The Nigerian Stock Exchange, NSE, has revealed plans to introduce a market-wide rule that will simultaneously halt price movement in all the listed equities for at least 30 minutes in event of extra-ordinary market volatility.
