The Securities and Exchange Commission (SEC) and Nigerian Stock Exchange (NSE) have revoked the licences of 21 firms for various infractions, including inability to meet minimum capital requirement, fraud and inactivity. With the deregistration of the firms and revocation of their licences, the firms have...

Quoted companies that have not submitted their yearly reports and financial statements must do so to the Nigerian Stock Exchange (NSE) in the next five days to avoid poor corporate governance tag and sanctions that may range from N100,000 to about N100 million. Regulatory filing...

The Nigerian Stock Exchange (NSE) has been hit by the foreign exchange crisis as the continued depreciation of the local currency, naira, against the US dollar affects the value of the market. The market capitalisation in dollar terms has dropped by about $15 billion within...

The bearish trend in the Nigerian equities market persisted in the month of November, leaving investors with a combined loss of N660bn. The market has largely suffered from declines in trade value and volumes for a good part of the year, thus weakening investors’ participation...

Local equities rebound on resumed bargain hunting activities, as overall performance measures, NSE ASI and market capitalisation, grew by 0.18 per cent each, halting six days losing band. The Nigerian stock market had tumbled for the sixth day, as investors were caught completely off guard...

The market capitalisation of the Nigerian Stock Exchange dropped by N61bn at the close of trading on Thursday, as 22 stocks depreciate. A total of 112.523 million shares worth N2.359bn were traded in 2,684 deals. The NSE market capitalisation slid to N9.289tn from N9.350tn, while the...