Stock market gains N37bn

May 19, 2020 Amaka Ifeakandu 0

Trading activities on the floor of Nigerian Stock Exchange (NSE) Monday opened week in a positive trend, gaining N37 billion. Market capitalisation of listed equities increased by 0.3 per cent to N12.477 trillion from N12.440 trillion reported on Friday. The NSE All Share Index also appreciated by 70.42 basis points to 23941.75 points from 23871.33 points traded previously. Investors traded Read More

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Bellwethers return bulls to stock market, ASI up 0.4% W-o-W

July 1, 2019 Editorial III 0

After recording losses for three consecutive weeks, the local bourse rebounded as investors took position in market bellwethers such as GUARANTY, NIGERIAN BREWERIES and ETI. As a result, the All Share Index (ASI) rose by 0.4 per centWeek-on-Week (W-o-W) to settle at 29,966.87 points while Year-to-Day (YTD loss improved to -4.7 per cent. Literally, a bellwether is a sheep (often Read More

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Equity market drops N28bn

November 6, 2018 Blueprint 0

Trading activities on the floor of Nigerian Stock Exchange (NSE) yesterday opened week in negative trend, dropping by N28 billion, Specifically, Market Capitalisation of listed equities declined by 0.24 per cent to N11.700 trillion from N11.728 trillion reported on Friday. The NSE All Share Index also depreciated by 76.76 basis points to 32048.18 points from 32124.94 reported previously. Investors traded Read More

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Equity market rebounds, gains N13bn

October 12, 2018 Blueprint 0

Trading activities on the floor of Nigerian Stock Exchange yesterday took upward trend, gaining N13 billion. Specifically, market Capitalisation of listed equities increased by 0.11 per cent to N11.835 trillion from N11.822 trillion recorded on Wednesday. The NSE All Share Index appreciated by 35.24 basis points to 32417.82 points from 32382.58 points traded the previous day. Investors traded a turnover Read More

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NSE: Investors move 151.346m shares worth N1.51bn

October 5, 2018 Blueprint 0

A total of 151.346 million shares valued at N1.51 billion were traded in 2,356 deals on the Nigerian Stock Exchange (NSE) yesterday. This was against the 136.731 million shares worth N1.43 billion traded in 2,801 deals on Wednesday, representing 10.69 per cent increase in volume respectively. Market capitalisation depreciated by N11 billion or 0.09 per cent to close at N11.837 Read More

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Interlinked Technologies records N157.885m revenue

October 1, 2018 Blueprint 0

Interlinked Technologies Plc has recorded revenue of N157.885 million for the financial year ended June 30, 2018. The amount represents a drop of 10 per cent compared with N175.337 million reported the previous year. The operating expenses also fell by 10 per cent to N39.446 million from N44.031 million recorded in the comparable period of 2017. An analysis of the Read More

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NSE retains ISO 27001:2013 certification

September 28, 2018 Blueprint 0

The Nigerian Stock Exchange (NSE) has retained the ISO 27001:2013 certification for its Information Security Management System (ISMS) for the third year consecutively. The re-certification followed a rigorous independent audit of NSE’s Information Security Management System (ISMS) by the British Standard Institute (BSI), to ensure that the principles of the International Organization for Standardization (ISO) on ISMS standard are being Read More

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Equity market declines further by N73bn

September 28, 2018 Blueprint 0

Trading activities on the floor of Nigerian Stock Exchange (NSE) yesterday sustained negative profile, shedding N73 billion. Specifically, market capitalisation of listed equities declined by 0.61 per cent to N11.961 trillion from N12.034 trillion reported the previous day. Also the NSE All Share Index deprecated by 199.92 basis points to 32763.35 points from 32962.27 points reported on Wednesdays. Investors traded Read More

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NSE: Market capitalisation declines by N2bn

September 21, 2018 Blueprint 0

Trading activities on the floor of Nigerian Stock Exchange yesterday returned to negative trend, shedding N2 billion . Specifically, market capitalisation of listed equities depreciated by N0.16 basis points to N11.819 trillion from N11.821 trillion reported the previous day. The NSE All Share Index declined by 5.88 basis points to 32375.12 points from 32381.00 recorded the previous day. Investors traded Read More

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NSE: Equity market declines further, sheds N422bn

September 13, 2018 Blueprint 0

Trading activities at the Nigerian Stock Exchange yesterday sustainer declining profile, dropping by N422 billion. Specifically, market capitalisation of listed equities depreciated by 3.46 per cent to N11.789 trillion from N12.211 trillion reported the previous day. Also, the NSE All Share Index went down by 1156.38 basis points to 32292.79 points from 33449.17 traded on Tuesday. Investors traded 246.906 million Read More

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CBN debits 4 banks N5.87bn for MTN deals

September 10, 2018 Blueprint 0

The Central Bank of Nigeria (CBN) on Friday fined four banks that breached its capital importation policy N5.87 billion. The apex bank debited the account of Standard Chartered Bank with N2.4 billion, Stanbic IBTC N1.88 billion, Citibank Nigeria N1.2 billion and Diamond Bank N250 million for allegedly issuing irregular Certificates of Capital Importation (CCI) on behalf of some offshore investors Read More

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Stock market sheds N190 bn as bears return

September 7, 2018 Blueprint 0

Transactions on the floor of Nigerian Stock Exchange returned back to downward trend, dropping by N190 billion. Specifically, Market Capitalisation of listed equities fell by 1.48 per cent to N12.563 trillion from N12.753 trillion reported the previous day. Also the NSE All Share Index declined by 519.31 basis points to 34414.37 points from 34933.68 traded the previous day. Investors traded Read More

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MTN’s $8.1bn refund may jeopardise NSE listing – Experts

September 7, 2018 Blueprint 0

Experts said the request by the Central Bank of Nigeria (CBN) that the MTN Group should refund 8.1 billion dollars illegally repatriated from Nigeria would jeopardise the listing of its shares on the Nigerian Stock Exchange (NSE). The Securities and Exchange Commission (SEC) said it had not received any application from the MTN Group regarding its proposed initial public offering Read More

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Nigerian Breweries records profit of N18bn 2Q

July 31, 2018 Blueprint 0

Nigerian Breweries Plc has announced a Profit after Tax of N18 billion for the first half of 2018, according to the unaudited financial results released to The Nigerian Stock Exchange. The N18 billion represents a 22 per cent decrease over the N24 billion recorded in the corresponding period in 2017. An analysis of the filing sent to The Nigerian Stock Read More

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We won’t throw money to boost our share price – Akindele

July 31, 2018 Blueprint 0

The Managing Director and Chief Executive Officer, Courteville Business Solutions Plc, Mr. Adebola Akindele, has expressed concern over the depreciation in the prices of company’s stock at the Nigerian Stock Exchange (NSE) but insisted that he was not going to throw money at it to boost the share price. The foremost e-business solutions and advisory company, and FTN Cocoa are Read More

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Why we delayed our financial account – R T Briscoe

July 17, 2018 Blueprint 0

A week after the suspension of trading on its shares, RT Briscoe Plc wrote to the Nigerian Stock Exchange (NSE) to explain why its audited financials for the year ended December 2017 may take some more time in coming. RT Briscoe was suspended by the NSE management along with seven other companies, mostly insurers for failing to meet its post-listing Read More

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NSE: Equity market dips by N84bn

July 17, 2018 Blueprint 0

Trading activities on the floor of Nigerian Stock Exchange (NSE) last week close in negative note, shedding N84 billion. Specifically, market capitalisation of listed equities declined by 0.62 per cent to N13.546 trillion from N13 629 trillion reported the previous week. The NSE All-Share Index depreciated by N232.82 basis points to 37392.77 points from 37625.59 traded the previous week. Similarly, Read More

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Equity market grows by N74bn

July 12, 2017 Blueprint 0

By Amaka Ifeakandu Lagos Trading activities on the fl oor of Nigerian Stock Exchange (NSE) yesterday growth profi le , improving by N74 billion. Specifi cally, market capitalisation of listed equities grew by 0.66 per cent to N11.314 trillion from N11.240 trillion recorded on Monday. Also the NSE All Share Index appreciated by 213.38 basis point to 32827.98 from 32614.60 Read More