Markets

Activities on the Nigerian Stock Exchange (NSE) extended positive trend on Tuesday with key market indices appreciating further by 0.31 per cent. Specifically, the All Share Index (ASI) rose by 75.82 points or 0.31 per cent to close at 24,841.94 compared with 24,766.12 recorded on Monday. Similarly, the market capitalisation, …

South Africa retail giant, Shoprite, on Monday announced its formal process to discontinue operation in Nigeria. Shoprite Holdings Limited made the announcement in its operational and voluntary trading update for the year ended on June 28, 2020.  The multi-national retail group, which announced a 6.4 per cent increase (R156.9billion) in …

The nation’s bourse returned to negative territory on Tuesday with the market capitalisation shedding N70 billion due to losses by some blue chips. The market capitalisation was down 0.54 per cent to close at N12.858 trillion compared with N12. 928 trillion on Monday. Also, the All-Share Index (ASI) dipped 133.45 …

The Nigeria Export Processing Zones Authority (NEPZA), says it is focused on scaling up the authority’s compliance level in ethics and governance in line with Federal Government specifications on ease of business. Prof. Adesoji Adesugba, NEPZA Managing Director made the remark on Wednesday in Abuja while inaugurating a 14-man Freedom …

The total unclaimed dividend figure in the Nigerian capital market stood at N158.44 billion as of December 2019, the News Agency of Nigeria (NAN) reports. Data obtained exclusively by NAN from the Securities and Exchange Commission (SEC) show that the figure is still on the increase in spite of e-dividend …

The volume of shares traded on the Nigerian Stock Exchange (NSE) on Friday dropped by 19.88 per cent, just as the market indices declined further. Specifically, investors traded 144.31 million shares worth N1.52 billion achieved in 3,993 deals. This was in contrast with 180.12 million shares valued at N1.85 billion …

The IHS Markit/CIPS UK Services PMI stood at 47.1 in June 2020, little-changed from a preliminary estimate of 47.0 and compared to May’s final reading of 29.0, still pointing to a deterioration in business conditions across the UK service sector. Inflows of new work fell the least since March following …

Activities on the Zimbabwe Stock Exchange have been suspended, according to a press release signed on 28 June 2020 by Justin Bgoni, the institution’s chief executive officer. “While we await guidance from our regulators on the operational modalities going forward, we notify our stakeholders that trading has been suspended until …

The Securities and Exchange Commission, (SEC) has warned Nigerians against the activities of Ponzi and other fraudulent investment schemes targeting unsuspecting citizens. iBSmartify Nigeria, saying that neither the entity nor the illegal products they offer are registered or regulated by the commission. A statement by Mrs Efe Ebelo, the Head, …