Trading on the Nigerian Stock Exchange (NSE) on Thursday continued to react negatively to the outcome of the presidential election with the market capitalisation losing N196 billion to close below N12 trillion mark in February. The News Agency of Nigeria (NAN) reports that the market capitalisation for last trading day in February shed N196 billion […]
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Activities opened on the Nigerian Stock Exchange (NSE) on Monday in the negative as the market capitalisation lost N150 billion and volume depreciated by 42.82 per cent. The News Agency of Nigeria (NAN) reports that amid losses by blue chips, the market capitalisation, which opened at N14.753 trillion, shed N150 billion or 1.02 per cent […]
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Nigeria’s biggest mobile-phone company, MTN, plans to raise about $500 million from the sale of shares during the first half of the year. The move is to enable the company in fulfilling the terms of a deal struck with the Nigeria to settle a record fine imposed on it in 2016 over SIM registration default. […]
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In line with its determination to dominate and redefine the landscape of registrar service delivery in the country, Africa Prudential Plc, has unveiled her new USSD code, *4018# tagged “Personal Registrar”. The USSD code, *4018#, which was unveiled in Lagos on Wednesday enables shareholders to perform a lot of tasks including checking their outstanding dividend, […]
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Flour Mills of Nigeria will market a share sale to existing investors on Jan. 15 to raise N39.86 billion (130 million dollars). The Nigeria Stock Exchange has granted the approval for the right issue. The flour and pasta maker will offer 1.47 billion shares at 27 naira a piece, an 18.2 per cent discount to […]
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Foremost African financial institution, Guaranty Trust Bank plc, marks its listing on the London Stock Exchange whereby the Bank became the first Nigerian bank to list on the London Stock Exchange (LSE), the first to dual list on an international exchange and the first Nigerian company to raise international capital using listed Global Depositary Receipts. […]
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