Nigerian Market News

• SEC unveils regulatory framework for Crowd funding March 29, 2020
  Conscious of the need to further deepen the nation’s capital market and enable it provide development capital for Medium and Small-scale Enterprises of the economy, Nigeria’s Securities and Exchange Commission (SEC), at the weekend unveiled an exposure draft of its regulatory framework for crowdfunding in the country. This is also in line with global best […]
• Naira falls to N410 per dollar at black market March 27, 2020
  Nigeria’s currency on Friday weakened to N410 per one dollar at the black market after the Central Bank of Nigeria (CBN) suspended sales to Bureau De Change (BDCs). With the current rate, naira has depreciated by N20 from N390 per dollar traded on Wednesday. “There is no dollar walahi,” one of the black market operators […]
• Ilorin residents stock food ahead of markets closure  March 26, 2020
  Residents of Ilorin, the Kwara state capital on Thursday trooped out to buy foodstuffs and stock at home as the closure of markets order by the state government to curtail the spread of Coronavirus in the state will take effect on Friday. Raliat Ibrahim, a foodstuff seller at Central Market, popularly called Oja Oba, expressed […]
• Nigeria stock market gains as investors buy GTBank, others March 26, 2020
  Nigeria stock market gained about N15billion on Thursday March 26 as investors saw opportunities in mid to large cap stocks. Some of the stocks that recorded increased bargains with positive impact on their prices are GTBank, Union Bank, Cadbury, Access Bank and Zenith Bank. While economic activities near total shut down due to Coronavirus Pandemic, […]
• Nigeria stock market fails to sustain gains  March 25, 2020
  Nigeria’s stock market returned to the red zone on Wednesday March 25 over heightened uncertainty about the economy due to Coronavirus Pandemic. Nigeria, Africa biggest economy early Wednesday confirmed two more cases of Coronavirus, taking the country’s confirmed cases to 46. Its commercial capital, Lagos has the highest number. Amid remote trading, the Nigerian Stock […]
• Nigeria stocks close in green despite ravaging Coronavirus Pandemic  March 24, 2020
  Nigeria’s stock market closed in the green zone on Tuesday  March 24 as investors in their remote trading saw opportunities in low priced value stocks, chief among them is that of Stanbic IBTC Holdings (+9.43percent). Bargain hunters still see opportunities in low priced but value stocks amid growing concern about the economy. Though the record […]
• Nigeria stocks close in green despite ravaging Coronavirus Pandemic March 24, 2020
  Nigeria’s stock market closed in the green zone on Tuesday March 24 as investors in their remote trading saw opportunities in low priced value stocks, chief among them is that of Stanbic IBTC Holdings (+9.43percent). Bargain hunters still see opportunities in low priced but value stocks amid growing concern about the economy. Though the record […]
• Fidelity Bank profit rose to N30.4bn in FY’19 March 24, 2020
  Fidelity Bank Plc has delivered another impressive full year (FY) result, sustaining the sterling financial performance that has been witnessed by the top lender in recent years. The bank’s FY 2019 results released on Monday at the Nigerian Stock Exchange (NSE), showed strong growth across key income and balance-sheet lines. Gross Earnings grew by 14percent […]
• Coronavirus: SEC Nigeria issues advisory March 24, 2020
    The Securities and Exchange Commission (SEC), in furtherance of its role as the apex regulator of the Nigerian capital market has issued an advisory that would mitigate the impact of Coronavirus (COVID-19) on capital market operations. In a circular to capital market stakeholders on coronavirus, the SEC released a number of market-focused adjustments to […]
• Coronavirus: NSE begins remote trading March 23, 2020
  The Nigerian Stock Exchange (NSE) will on March 24 begin remote trading as the Coronavirus Pandemic spreads rapidly to 36. With this development, stocks trading on the Nigerian Bourse will be done by dealing members at the comfort of their homes, leveraging technology. The NSE also said that it extended the time to file audited […]