With a total market capitalisation of N5.65 trillion, Dangote Cement, Nigerian Breweries, Guaranty Trust Bank, Nestle and Zenith Bank made up 64.02 per cent of equities quoted on the Nigerian Stock Exchange (NSE) . . .
Lagos (TheGuardian) — Transactions on the Nigerian equity market resumed on Tuesday for 2017 on a bearish trend with major blue chips recording price depreciation . . .
Ahead of planned renewed negotiations, MTN Group Ltd, yesterday, said that it has made a provision of N120 billion ($600 million) as payment to the federal government towards settling the N780 billion fine imposed on it by the Nigerian Communications Commission (NCC) for not complying with the SIM card registration guidelines . . .
Data has shown that 67.11& of the total transactions for the year in terms of value were handled by 10 brokers, amounting to N1, 275,421,593,085,75 . . .
Daily Performance Analysis
The market opened the week in the red last Monday as sell pressure on large cap stocks dragged the index to the negative territory . . .
The Nigerian stock market recorded an unexpected rally last week, which led to a recovery of N648.8 billion in market capitalisation in two days . . .
Weekly Stock Market Report –Week Ended Dec. 31, 2015
It was another brief trading week as the Federal Government of Nigeria declared Monday, 28th December, 2015 and Friday, 1st January, 2016 as Public Holidays to celebrate Boxing day and the New Year respectively . . .
The Nigerian Stock Exchange (NSE) has launched the Broker Oversight & Supervision System (X-BOSS).
The Stanbic IBTC Bank Plc drive to deepen the Nigerian capital market through introduction of more asset classes has received a boost with the launch of its Securities Lending product.