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Business News

See the top 10 stockbroking firms on the NSE as of May 31st, 2019

About 55.31 percent of the total shares traded on the Nigerian Stock Exchange (NSE) between January May 2019, was carried out by 10 stockbroking companies.

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Nigerian Stock Exchange, sound, C & I Leasing Plc, NSE launches factbook, Top 10 stockbroking firms, Steroids from GTBANK, ZENITH Lift Nigerian bourse, as investors gain N94.2 billion , Steroids from GTBANK, ZENITH Lift Nigerian bourse, as investors gain N94.2 billion

About 55.31 percent of the total shares traded on the Nigerian Stock Exchange (NSE) between January May 2019, was carried out by 10 stockbroking companies. The stockbrokers traded about 39.09 billion units of shares, valued at N537.966 billion.

The Broker Performance Report by the NSE for the period under review showed that the top ten stockbrokers on the stock exchange traded 68.60 percent of the total value of shares transacted in that period.

Breakdown: Stanbic IBTC Stockbrokers Limited is on top of this list, with transactions worth about N134.99 billion. This represents 17.21 percent of the total value of transactions.

This is followed by RenCap Securities with about N95.54 billion worth of transactions. This also represents 12.8 percent of the total value of transactions.

CSL Stockbrokers followed next with transactions worth N59.08 billion, while Coronation Securities performed transactions worth about N52.84 billion.

EFCP Limited, pulled transactions worth N52.7 billion, while other stockbrokers like namely Chapel Hill Denham Securities, EFG Hermes, FBN Quest Securities, CardinalStone Securities, and Meristem Stockbrokers (in the order listed above), pulled transactions valued at N34.78 billion, N33.96 billion, N30.44 billion, N28.56 billion and N15.06 billion.

The volume of shares sold: For the volume of shares sold, Greenwich Trust tops the list with 6.95 billion shares, representing 9.83 percent of the total volume of shares sold during the period.

Stanbic IBTC Stockbrokers comes second with 6.77 billion shares, while Cardinal Stone Securities came third place with 4.19 billion shares.

Others are RenCap SecuritiesCSL StockbrokersChapel Hill Denham Securities, Morgan Capital, FBN Quest Securities, Meristem Stockbrokers, and EFG Hermes Nigeria. they all transacted about 4.08 billion shares, 4.06 billion shares, 3.44 billion shares, 3.15 billion shares, 2.27 billion shares, 2.16 billion shares, and 2.03 billion shares, respectively.

About the NSE: The Nigerian Stock Exchange (NSE) was established in 1960 as the Lagos Stock Exchange. In 1977, its name was changed from the Lagos Stock Exchange to the Nigerian Stock Exchange. As of May 31, 2018, it has 169 listed companies with a total market capitalization of over ₦13 trillion. All listings are included in the Nigerian Stock Exchange All Shares index.

In terms of market capitalization, the Nigerian Stock Exchange is the second largest stock exchange in Africa.

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Coronavirus

Covid-19: WHO approves China’s Sinopharm vaccine

WHO has announced the approval of China’s Sinopharm vaccine for Covid-19 vaccination.

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Covid-19: First world nations oppose waiving intellectual rights for vaccine development

The World Health Organization (WHO) has announced the approval of China’s Sinopharm vaccine for Covid-19 vaccination.  The vaccine is reported to have 79% efficacy against covid.

This was disclosed today in a report by Reuters. The vaccine would also be the second Chinese-made vaccine after Sinovac vaccine and would be the first developed outside Europe and North America to receive WHO accreditation.

“This expands the list of COVID-19 vaccines that COVAX can buy, and gives countries confidence to expedite their own regulatory approval, and to import and administer a vaccine,” WHO Director-General, Tedros Adhanom Ghebreyesus said.

The WHO added that the easy storage requirements make it highly suitable for low-resource settings.

“Its easy storage requirements make it highly suitable for low-resource settings,” a WHO statement said while also disclosing that the vaccine has been approved for people above the age of 18 to receive two shots.

“On the basis of all available evidence, WHO recommends the vaccine for adults 18 years and older, in a two-dose schedule with a spacing of three to four weeks,” the statement added.

The vaccine was created by Beijing Biological Products Institute, a subsidiary of Sinopharm subsidiary China National Biotec Group, with an efficacy of 79% for all age groups.

The WHO however, admitted that few older adults (over 60 years) were enrolled in clinical trials, so efficacy could not be estimated in this age group.

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The quest for vaccine efficiency got a major boost earlier this week as Nairametrics reported that the United States government announced that it supports the waiver of Intellectual Property Protections on Covid-19 vaccine development, in a bid to boost the fight against the pandemic, and says it will participate in the Okonjo-Iweala-led WTO negotiation to make it happen.

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Obituaries

“Mama Taraba”, Former minister and senator, Aisha Al-Hassan is dead

Ex-Women Affairs minister, Aisha Jummai Al-Hassan, popularly known as Mama Taraba is dead

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A former Minister for Women Affairs and ex-Governorship Candidate in Taraba State, Aisha Jummai Al-Hassan, popularly known as Mama Taraba is dead.

According to media reports she died in a hospital on Friday in Cairo, Egypt at the age of 61.

Al-Hassan, who was a former senator of the Federal Republic of Nigeria from Taraba North Senatorial District, was the All Progressive Congress (APC) Governorship Candidate for Taraba in the 2015 general elections.

READ: Abba Kyari’s last letter to President Buhari

She later contested for the same seat on the platform of the United Democratic Party in the 2019 general elections after resigning from APC and as a minister in the administration of President Muhammadu Buhari on July 27, 2018.

The former senator was born on the 16th of September, 1959 in Jalingo, Taraba State, to Alhaji Abubakar Ibrahim, Sarkin Ayukan Muri.

READ: Chad’s President Deby dies of injuries suffered on the frontlines, as son takes over

Aisha Jummai Al-Hassan attended Muhammed Nya Primary School, Jalingo and LEA Primary School, Tudun Wada, Kaduna before proceeding to Saint Faith College (now GGSS) Kawo Kaduna where she studied between January 1973 and June 1977.

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