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    Banking, Industrial Stocks Push Stock Market To Gain 0.28%

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    The Nigerian stock market recorded its first weekly gain for the year, last week after a bearish start of the previous week. The All Share Index (ASI) rose by 0.28 per cent week-on-week to close at 26.325.93 points, driven by sustained positive sentiment in banking and industrial stocks. Accordingly, Year-To-Date (YTD) loss paired to 2.04…

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    2017 Will Be Good For Businesses, Experts Project

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    Having faced one of its most trying times, there is a rising optimism in the Nigerian business environment that the fortunes of the country would turn for the better in 2017. Analysts and business operators say with the various reforms in the country, the economy is expected to pick up from its current state of…

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    Stock Market Opens September On Positive Note, Gains 2.97%

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    The Nigerian stock market opened the month of September on a positive note on the back drop of improved activities. The lead indicator, the NSE- All-Share Index (ASI) gained 820.89 absolute points or 2.97 per cent to close at 28,419.92 points. Similarly, the market capitalization appreciated by N282 billion to close at N9.761 trillion. Analysts…

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    SEC Commences Implementation Of e-Dividend Mandate Management System Portal

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    The Securities and Exchange Commission has said that investors can enrol for the e-dividend payments at banks and registrar branches nationwide through the online platform inaugurated in July. According to the commission in a press release yesterday, the development follows the release of a circular on the implementation of the e-Dividend Mandate Management System (e-DMMS)…

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    Dangote Zambian Plant Worth $400m

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    Dangote Group has commissioned the 1.5 million metric tonnes per annum (mmtpa) installed capacity Zambia Cement Plant valued at $400 million, and a 30 megawatts coal-fired plant to power the factory. The project was commissioned yesterday in Ndola, Zambia, as the company’s total output is expected to hit 45 million mmtpa on the African continent….

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    Stock Market Trades 370m Shares

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    Investors on the Nigerian Stock Exchange (NSE) on Tuesday traded 370.46 shares valued at N2.16 billion in 3,457 deals. The volume of transactions represented 101 per cent increase over the 184.175 million shares worth N2.29 billion traded in 1,889 deals on Monday. Top in volume transacted was Oando with a total volume of 169.17 million…

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    Banks Record N168bn Profit In Q1

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    15 listed banks on the floor of the Nigerian Stock Exchange (NSE) have recorded a total profit after tax of N168 billion for the first quarter, March 31, 2015. According to investigation by LEADERSHIP, this represents an increase of N23 billion or 15.86 per cent compared to N145 billion profit recorded by the same financial…

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    Stock Market Declines By 0.49%

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    The Nigerian stock market recorded a negative performance last week on weak sentiments across the market. The performance indicators, the Nigerian Stock Exchange (NSE) index and market capitalisation declined by 0.49 per cent for the week, bringing the year-to-date performance to a negative of 1.12 per cent. The market capitalisation depreciated by N53 billion to…

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    ITF Spends N10bn Yearly On Trainings – DG

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    The director-general, Industrial Trust Fund (ITF), Dr Juliet Onaeko, has disclosed that the Fund spends about N10billion annually to train youths in vocational skills. She disclosed this at the inauguration of the new national executive of Commerce and Industry Correspondents Association of Nigeria, (CICAN), in Lagos State. The DG said such trainings require huge capital,…

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