Equities Market The Nigerian equities market closed the day trade on a decline at the end of the day’s trading activity, as both NSE ASI and market capitalization decreased by 0.11% respectively, as they both closed at 32,382.58points and N11,822.14tr respectively. Year-to-Date ASI is at a negative of 15.37%. Volume of trades and No of…
International Finance Corporation (IFC), a member of the World Bank Group, has issued its inaugural Indonesian Rupiah Komodo green bond, attracting strong investor demand and raising 2 trillion IDR—the equivalent of $134 million in U.S. currency—to combat climate change, according to a statement from the Bank on Monday, in Bali, Indonesia. This is the first…
Skyway Aviation Handling Company Limited (SAHCOL) will next month open to public investors as it enlists on the floor of the Nigerian Stock Exchange (NSE).The Guardian learnt that the listing was aimed at improving the financial status of the company, especially to enable it acquire more state-of-the-art ground handling equipment. It was yesterday gathered that…
The Chairman and Chief Executive Officer, Dangote Cement Plc, Aliko Dangote, says Bank of America Merrill Lynch and Standard Chartered Bank could be among the banks to organise the 2019 London public listing of Dangote Cement. Dangote, when asked by Reuters who the bankers could be for the Initial Public Offering, was quoted in part…
The Central Bank of Nigeria has asked the court not to grant an injunction that will stop the MTN Group from transferring the disputed $8.1bn back to the country, and wants the company to pay 15 per cent annualised interest on the sum until judgment is given, and 10 per cent from then until the…
As Green Bond issuance set to gain traction in the country, the Nigerian Stock Exchange (NSE) is proposing a set of rules that will guide the listing of those bonds on the exchange. Green bonds are special bonds issued to finance or re-finance in part or in full new and existing eligible environmental or climate…
Equities Market The Nigerian equities market continued on a downward slide at the end of the day’s trading activity, as both NSE ASI and market capitalization decreased by 0.09% respectively, as they both closed at 32,423.57points and N11,838tr respectively. Year-to-Date ASI is at a negative of 15.27%. Volume and Value of trades both increased by…
Equities Market The Nigerian equities market Compressed at the end of the day’s trading activity, as both NSE ASI and market capitalization decreased by 0.79% respectively, as they both closed at 32,454.03points and N11,848tr respectively. Year-to-Date ASI is at a negative of 15.19%. Volume , Value of trades and No of trades all decreased by…
Equities Market The Nigerian equities market declined on the first trading day of the new month, as both NSE ASI and market capitalization decreased by 0.17% respectively, as they both closed at 32,711.65points and N11,942.28tr respectively, at today’s trading activity. Year-to-Date ASI is at a negative of 14.51%. Volume , Value of trades and No…
MTN Group has said it may no longer seek to raise capital through an Initial Public Offering (IPO) on the Nigerian Stock Exchange (NSE) as previously planned, while considering the option of listing its existing shares. The company, which operates the largest telecoms network in Nigeria and Africa, is reconsidering the IPO amid a dispute…