Markets

Ebuka Daniel Investors in the capital market have been urged to take advantage of initiatives introduced in the capital market which are aimed primarily at strengthening the market and accelerating development. Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed stated this at the enlightenment workshop/Investor clinic session with …

The Securities and Exchange Commission has vowed to continue to crack down on Ponzi schemes and illegal fund managers amid the recent resurgence of their activities. The Director-General, SEC, Mr Lamido Yuguda, made the pledge at an enlightenment workshop and investor clinic session with the Federal Ministry of Finance, Budget …

The market capitalisation of stocks listed on the Nigerian Exchange Limited remained unchanged at the end of trading on Tuesday as trading volumes fell, reversing Monday’s uptrend. The NGX All-Share Index dipped by 4.99 basis points from 43226.27bps to 43.255.14bps on Monday, while the market capitalisation stood unchanged at N22.58tn. …

Ololade Omosan-Agie The Securities and Exchange Commission, in collaboration with the Financial Literacy Technical Committee (FLTC), has joined the rest of the world to commemorate the 5th edition of the 2021 World Investor Week (WIW). The week-long event being coordinated by the International Organisation of Securities Commissions (IOSCO) is scheduled to …

The Senate has expressed shock when told by the Securities and Exchange Commission, SEC, that it spent N6bn to service its staff out of the N9bn it generates every year. The Upper House raised the alarm when the SEC Director-General, Lamido Yuguda appeared before the Senator Ibikunle Amosun, (APC, Ogun …

MTN Nigeria Communications Plc and Airtel Africa Plc led the top five stocks by value at the end of trading on the floor of the Nigerian Exchange Limited on Tuesday, with investors gaining N252.41bn. The NGX All-Share Index recorded a 1.12 per cent increase to close at 43,730.55 basis points, …

Oluwasina Phillip In a bid to curb poor market conduct, the Securities and Exchange Commission has resolved to intensify monitoring and surveillance of the market and has vowed to apply stiff sanctions to any operator who engages in unethical conduct. The Director General of the SEC, Mr. Lamido Yuguda stated …

Oluwasina Phillip Exactly four days after billionaire businessman, Femi Otedola, emerged as the highest shareholder of FBN Holdings, the Chairman of the Group, Mr Tunde Hassan-Odukale, has been confirmed as the largest single shareholder of the company. Hassan-Odukale was named in a letter published on the website of the Nigerian …

Oluwasina Phillip Stanbic IBTC Holdings Plc has announced 40 per cent drop in profit in its nine months ended September 30, 2021 unaudited result and accounts. The company’s result made available by the Nigerian Exchange Limited (NGX) showed a Profit after tax of N39.9 billion in nine months of 2021 …

Ebuka Daniel Nigerian stock investors have gained over N54.6bn, but the shares of Union Bank of Nigeria and Cadbury fell amid the nationwide #EndSARS memorial protest on Wednesday. The protest was in commemoration of the famous demonstration against police brutality on October 20, 2020. Although the market reacted positively to the …