Succor may have come the way of investors on the Nigerian Stock Exchange (NSE), as the Securities and Exchange Commission (SEC) and FSD Africa, at the weekend, sealed a 450,000 euro deal, aimed at strengthening the regulatory structure and investment protection function of the commission. The deal is expected to assist SEC to fund an…
The Chartered Institute of Stockbrokers (CIS), has urged the telecom giant, MTN, to dispatch with all regulatory headwinds properly before coming to the stock market for public offering to Nigerians, to enable it list at optimal price favourable to the company and investors. A member of the CIS 2018 Conference Committee, Akeem Oyewale, gave the…
Academy Press has bemoaned the inability to access foreign exchange (forex) under the current flexible exchange policy, urging government to address the issue to improve productivity and increase shareholders value Specifically, the Managing Director, Olugbenga Ladipo at the company’s 54th yearly general meeting held in Lagos, on Friday, said non-accessibility of forex affected the company’s…
Equities Market The Nigerian equities market declined for the second time this week, as both NSE ASI and market capitalization decreased by 0.61% respectively, as they both closed at 32,763.35 points and N11,961.15 tr respectively, at today’s trading activity. Year-to-Date ASI is at a negative of 14.38%. Volume of trades and No of trades all…
Equities Market • The Nigerian equities market recorded a marginal decline, as both NSE ASI and market capitalization decreased by 0.46% respectively, as they both closed at 33,114.44 points and N12,089tr respectively, at today’s trading activity. Year-to-Date ASI is at a negative of 13.46%. • Volume and value of trade and No of trades all…