LASACO Issues 40bn Fresh Capital, Seeks Shareholders Approval The Board of Directors of LASACO Assurance Plc is seeking the approval of shareholders to raise additional capital by issuing of 40 billion ordinary shares of 50 kobo each by way of public offering, private placement or...

Stock: Investors Lose N624.4bn In A Week Investors in the equities market of the Nigerian Stock Exchange lost a total of N624.4bn last week, with the year-to-date loss expanding to 16.3 per cent. The market capitalisation, which stood at N12.426tn on September 7, 2018, dropped to...

Nigerians Paid More For Petrol, Kerosene In August - NBS Many Nigerians paid more for petroleum products, including Premium Motor Spirit (petrol) and household kerosene, last month, according to data from the National Bureau of Statistics. The average price paid by consumers for petrol increased by...

14 Companies Responsible For 50% Capital Market Infractions – Report Fourteen insurance companies were responsible for 50.4 per cent of the total penalties meted out by the Nigerian Stock Exchange, amounting to N339.5 million for offenses that included default in timely release of operational reports...

Bearish Sentiment Persists As Stock Market Ends Lower The nation’s stock market closed on a negative note on Tuesday for the fifth consecutive session as bearish sentiment lingered. The All-Share Index of the Nigerian Stock Exchange dropped by 48 basis points to 33,449.17bps, while the year-to-date...

Stock Market Indices Dip Further By N155bn The reign of the bears persisted yesterday, following sell pressure by investors on the Nigerian Stock Exchange (NSE), as market capitalisation plunged further by N155 billion. Yesterday, the all-share index (ASI) shed 426.22 absolute points, representing a decline of...