The FGN Bond market opened the month on a firmly bearish note, with yields trending higher by c.14bps, as market players reacted to the hike in the 1yr OMO rate by the CBN to 13.50% (15.60% yield), which weakened bid prices further, especially on the short end of the curve.
Despite the slow momentum maintained on the Nigerian Stock Exchange (NSE) into the third quarter of year 2019, the top 10 stockbroking firms in terms of volume and value still have a cause to smile.
The Nigerian Stock Exchange closed down 0.99% in the last trading week in August.m
The Central Bank of Nigeria (CBN) has been promoting pro-growth strategies recently, while letting market interest rates fall to a shade over the inflation rate.
The Nigerian Stock Exchange (NSE) received a serious boost as the market closed on a positive note this week.
There are also stocks that are at the lowest tier with market capitalizations that fall below what you will expect of a company listed in the upper tier of the Stock Exchange. One company holds the unenviable title of being the least capitalized stock on the Nigerian Stock Exchange.
The Nigerian Stock Exchange (NSE) has continued to perform negatively, as the market maintained its downward slope throughout the week.
The Nigerian Stock Exchange maintained its downward trend as the All Share Index (ASI) fell below the 28,000 psychological mark to settle at 27,864.49 points.
In May 2019, @MTNNG listed on the Nigerian Stock Exchange (@nsenigeria). The move was perceived by many as both an invitation and a challenge to other telecoms companies such as @GloWorld and @9mobileng to do the same.
Here is all you need to know on how you can verify, validate and claim your expired or unclaimed dividends from your registrar. #dividends
On July 2nd, International Breweries Plc (IntBrew) released its Q1 2019 results which presented the opportunity to compare the company’s post-merger performance. Revenue grew 35.2% y/y to N35.1bn in Q1 2019 from N26.0bn in Q1 2018.
Investors of Nigeria-based British conglomerate, A.G Leventis Nigeria PLC, have their lucky stars to thank as the firm has announced a profit of N876 million for the 2018 financial year-end after recording losses for three consecutive years.
Investors had reasons to smile home in the week that just went by. For one thing, it was a bright one for investment on the floor of the Nigerian Stock Exchange as the major indices closed in the positive.
Recently, Sovereign Trust Insurance Plc notified NSE that its right issue of 4,170,411,648 ordinary shares has opened for subscription.
Nigerian entrepreneur and business leader, Dr. Tayo Oyedeji, recently made a strong case against equity investment. According to him, not only are stocks riskier to invest in, good returns on investment cannot always be guaranteed compared to other diversified forms of investments.
Stanbic IBTC grew its revenue by 2.27% to NGN58.69bn, supported by the 5.47% growth in interest income while non-interest income remained relatively flat at N27.00 billion.
@MTNNG leads this week's watchlist due to record demand for the stock by investors, following its listing.
MTN Nigeria has listed its shares on the Nigerian Stock market (NSE) as the telco-giant received regulatory approval from SEC and NSE to list 20.3bn units of shares at a price of N90 per share.
Nigeria's telecom giant, MTN, is set to be officially introduced on the Nigerian Stock Exchange on Thursday as all relevant processes have now been completed.
@nbplc has a spot in this week's watchlist as the company will be holding its Annual General Meeting.
Pharmadeko Plc has recorded a N110 million loss in the first quarter eneded March 2019, due to the fallout of a ban on codeine cough syrups.
Japaul Oil and Maritime tops this week's stocks to watch on the @nsecontact having gained 39.29% last week.
FBN Holdings and Capital Hotels Plc will be holding their Annual General Meetings next week, among other corporate actions on the @nsecontact next week.
Powered by Investing.com