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Equity Market Maintains Uptrend

The nation’s equity market for the third consecutive day on Thursday maintained an upswing with the indices growing further by 0.59 per cent. The All-Share Index grew by 199.64 points or 0.59 per cent to close at 33,797.84 against 33,598.20 recorded on Wednesday. Also, the market...

BPE, NSE to Define Terms for Listing Privatised Firms on Bourse

The Bureau of Public Enterprises (BPE) and Nigeria Stock Exchange (NSE) will define the modalities for the listing of privatised government firms on the capital market, the Director General of BPE, Mr. Alex Okoh, has disclosed. Okoh said yesterday in a statement by the Head...

Equities Appreciates by N881b in 11 Days

Nigerian equities surged to their highest level this year and reversed the negative overhang at the stock market as major scramble for shares by foreign and domestic investors spurred the equities market to a net capital gain of N881 billion in the past 11...

Investors urge government to list privatised, multinational firms

Capital market investors have called on government to expedite actions, aimed at providing medium to long-term development clauses that will enable privatised companies and other multinationals in the telecoms, and oil and gas sectors to list on the Nigerian Stock Exchange (NSE) within a...

Investors lose N105bn as Fidelity Bank, 17 others dip

Investors in the nation’s stock market lost N105bn on Tuesday as 18 stocks led by Fidelity Bank Plc took a beating at the end of trading on the floor of the Nigerian Stock Exchange. The NSE market capitalisation, which fell by N82bn last week to...

Nipco outlines growth strategies for Nigeria’s downstream petroleum business

NIPCO Plc has outlined measures being put in place by the majority shareholders of the newly acquired Mobil Oil Nigeria Plc, to make the deal a game changer in the downstream industry. The Group Managing Director, NIPCO Plc, Venkataraman Venkatapathy, said the deal will ensure...