Nigerian Market News

• Access Bank acquires 100% of Kenya’s Transnational Bank January 17, 2020
  Big Nigerian lender, Access Bank, has acquired 100 percent of a Kenyan Bank with 28 branches, the East African Country’s Central Bank said Friday.   Access Bank’s acquisition of Kenya’s Transnational Bank comes amid its plans to expand to Mozambique and Sierra Leone, while Nigeria’s Central Bank on Wednesday gave ‘No Objection’ to the tier-one […]
• Investors shun medium-short term OMO bills as CBN offers N200bn January 16, 2020
  Investors on Thursday shunned short and long term Open Market Operation (OMO) bills after the Central Bank of Nigeria (CBN) offered a total of N200 billion in the secondary market. The reason as explained by Akintunde Olusegun, analyst from Polaris Bank, is that the investors bid at a higher rate than the CBN could offer. […]
• After a disappointing 2019: Will investors find solace in 2020? January 16, 2020
    Earlier this week, the Chief Executive Officer of the Nigerian Stock Exchange (NSE), Oscar N. Onyema presented the key performance of the Exchange in 2019 and gave a prognosis for the market in the New Year 2020. The event had in attendance the stockbroking community, analysts, media and other stakeholders. During the year 2019, […]
• Fixed income, currency market review shows N16.45trn in December January 16, 2020
  Turnover in the Fixed Income and Currency ( FIC) markets for the month ended December 31, 2019 was N16.45trillion, representing a month-on-month (MOM) decrease of 23.88percent (N5.16trillion) on the turnover recorded in November 2019 ( N21.61trillion), FMDQ Securities Exchange report shows. The record turnover in December represents a yearon-year ( YOY) decrease of 7.11percent (N1.26trillion) […]
• Nigerian equities on steroid January 16, 2020
  The past week in the equities market was rather eventful as the first full trading week of the year recorded a 9.1percent weekon-week (w/w) surge to close at 29,415.4 points. The market capitalization also expanded to N15.2trillion, following the N1.18trillion listing of BUA CEMENT. The market was abuzz with activity as the average value traded […]
• MTNN, UBA, ETI, Zenith, Dangote Cement, others outperform market January 16, 2020
  Despite record profit taking seen two days ago on the Nigerian Bourse, the stock market still showed impressive level of positive returns at +9.09 percent year-to-date (YTD). While tracking equities performance this year, INVESTOR found stocks that have outperformed the NSE benchmark indicator – the All Share Index (ASI). The share prices of UACN, MTNN, […]
• At $15 billion, Aliko Dangote is worth more than 8 African countries January 16, 2020
  According to Bloomberg Billionaire index, Aliko Dangote became $4.3 billion richer in 2019 as he ended the decade with a net worth of almost $15 billion, making him the 96th wealthiest man in the world. The staggering $15 billion is more the GDP of eight African countries, while the International Monetary Fund (IMF) has lowered […]
• Market dips by N114bn as profit taking continues January 15, 2020
  The Nigerian stock market on Tuesday January 15 recorded another session of profit taking activities by investors. This resulted to a dip by 0.75percent and N114billion seen in the Nigerian Stock Exchange (NSE) All Share Index (ASI) and the Market Capitalisation respectively. With most key indicators still pointing towards waning investor sentiment and profit-taking inclinations, […]
• NSE securities lending report shows 20.78million units available January 15, 2020
  No fewer than 20.78million units of ten listed companies shares were available for lending on the Nigerian Stock Exchange (NSE) as at January 10, 2020.   Securities lending is the market practice of temporarily transferring securities, for a fee, from their holder (the lender) to another party (the borrower), with the borrower agreeing to return the […]
• SEC, ICPC to strengthen collaboration January 15, 2020
  The Securities and Exchange Commission (SEC) and the Independent Corrupt Practices and other Related Offences Commission (ICPC) are to collaborate in combating crime in the Nigerian capital market. This agreement was reached when the management of the SEC met with the management team of the ICPC in Abuja, Wednesday. Mary Uduk, acting director-general of SEC […]