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Oil Industry Deregulation: Naira Depreciates by N14 to N334/$

-As oil & gas shares gain 3.7% on stock market After two months of stability, the naira, Thursday, depreciated by N14 in the parallel market, in response to demand pressure occasioned by the deregulation of petroleum sector announced by the Federal Government, Wednesday. Meanwhile, shares of...

NSE’s Indices Down by N2 Billion

Despite price gains that outweighed losses, transactions on the trading floor of the Nigerian Stock Exchange closed on a downward note on Wednesday, causing market capitalisation to depreciate marginally by N2 billion. Specifically, the market capitalisation of listed equities dropped by N2 billion to N8.819...

Panic as investors withdraw N31.84b from stock market

  Foreign investors withdrew a total of N31.84 billion from the country last month as they continue to sell their interest in the Nigerian Stock Exchange, NSE. According to a data from the NSE, foreign outflows during the period increased by 20.79 per cent from N26.36...

Stocks value add N70, defy sentiment 

At the end of the week index movement indicates that the NSE All-Share Index and marker capitalization appreciated by 205.12 points and N70 billion to close at 25,899.91 and N8.909 trillion respectively. Similarly, all other Indices finished lower during the week, with the exception of...

NSE Begins Clampdown on Illegal Shares Sale

The Nigerian Stock Exchange (NSE) has begun the implementation of newly amended rules aimed at tightening the noose on unauthorised sale and transfer of shares by unscrupulous stockbroking firms and traders. Last week, the Exchange  started the implementation of a detailed and tougher rule on...

Dangote Cement Posts N181.3billion Profit, declares N8 Dividend

Dangote Cement Plc has declared a Profit After Tax of N181.3 billion for the financial year ended Dec. 31, 2015. This is contained in the company’s audited result released by the Nigerian Stock Exchange (NSE) on Tuesday in Lagos. The News Agency of Nigeria (NAN) reports...