Nigerian Market News

• NSE upgrades Issuers’ Portal to enhance market integrity July 7, 2020
  The Nigerian Stock Exchange (NSE) has upgraded its Issuers’ Portal (X-Issuer) to further enhance market integrity. X-Issuer which was first launched in 2013, is a secure web-based portal designed to enable Issuers conveniently file information in an electronic format to The Exchange. It is a key regulatory initiative of the NSE, developed to ensure electronic […]
• Nigeria stock market extends losses on waning bargains July 7, 2020
  Nigeria’s stock market recorded another session of negative close by -0.05percent on Tuesday July 7 as investors failed to increase their bargains in a number of fundamentally sound stocks with prices that remain cheap and attractive. Decreased activity on the buy-side of the remote trading session on the local Bourse helped to push prices of […]
• Bear reign to persist on weak H1 earnings outlook July 7, 2020
  Despite that Nigerian stocks still offer relatively attractive entry prices, the market looks good to sustain current bearish momentum in the near term. With another half-year (H1) earnings season in the offing, market watchers expect negative sentiments to persist on the Nigerian Bourse as the odds favour weak corporate performance due to the impact of […]
• Nigeria’s SEC reemphasizes implementation of Capital Market Master Plan July 7, 2020
  The continued implementation of Capital Market Master Plan will be one of the major focuses of the new management of the Securities and Exchange Commission (SEC) led by the Director General, Lamido Yuguda. Yuguda resumed on Monday July 6 alongside the Executive Commissioners namely: Reginald Karawusa, Ibrahim Boyi and Dayo Obisan. The new management team […]
• Naira weakens as external reserves decline by $52.10m July 6, 2020
  Nigeria’s currency on Monday weakened across black market and the Nigerian Autonomous Foreign Exchange Fixing (NAFEX) as liquidity slumps. Naira depreciated by N1.00k as the dollar traded at N459 on Monday from N458 since almost two weeks ago on the black market. The local currency also fell by N0.50k after the dollar was quoted at […]
• COVID-19: FG gives guidelines on Edo, Ondo gubernatorial elections July 6, 2020
  Ahead of the Edo and Ondo States gubernatorial elections, the Federal government on Monday released guidelines for the conduct of electoral campaigns. The Director-General of the Nigeria Centre for Disease Control (NCDC), Chikwe Ihekweazu, gave the guidelines while giving an update on COVID-19. He advised politicians to use media channels such as radio, television, and […]
• Bears hold sway on Nigerian Stock Exchange     July 6, 2020
  The Nigerian stock market opened this new week on a negative note, extending its record downward trend despite the attractiveness of a  number of fundamentally sound stocks.  BusinessDay had ahead of market open advised stock investors to be cautious and bet on only value counters as factors triggering the bearish trend remain. The Nigerian Stock […]
• Yuguda resumes as new DG of SEC July 6, 2020
  The new Director General of the Securities and Exchange Commission (SEC) Lamido Yuguda has resumed work, stating that the capital market has a lot of potentials for growth and development of Nigeria post COVID-19 and beyond. Yuguda resumed on Monday alongside the Executive Commissioners namely: Reginald Karawusa, Ibrahim Boyi and Dayo Obisan. The SEC DG […]
• Stanbic IBTC unveils upgraded mobile app July 6, 2020
  Stanbic IBTC Holdings Plc, a member of Standard Bank Group, has upgraded its mobile app by introducing exciting features to enable seamless transactions for its customers. The one-stop mobile app tagged Super App, consists of the entire range of the Stanbic IBTC Group products such as My Bank, Mutual Funds, Pension, @Ease, Insurance and Stockbroking. […]
• Champion Breweries links N96million full year profit to costs reduction  July 6, 2020
  Champion Breweries Plc is leveraging on reduced costs of production in her efforts to return to profitability. The company, which held her 44th Annual General Meeting last Friday using virtual platform, said results of such efforts have positively impacted on production and sales of her brand portfolio in the reporting year 2019. Addressing shareholders who […]