SEC

Investors in the equities market have recorded losses amounting to N352bn following an eight-day losing streak witnessed on the Nigerian Stock Exchange. The market capitalisation of equities listed on the NSE, which rose to N10.979tn on May 3 drop below the N11tn mark, has dropped consistently, closing at N10.627tn on Wednesday. Wapic Insurance, Forte Oil […]

Financial and economic experts have demanded an independent audit of the Central Bank of Nigeria following the alleged missing of N500bn. They made this call while speaking in exclusive interviews with our correspondents. The Director-General, Nigeria Employers’ Consultative Association, Mr Timothy Olawale, said despite the denial of the CBN that no N500bn was missing, there […]

The Managing Director and Chief Executive Officer, Financial Derivatives Company Limited, Mr Bismarck Rewane, has said fuel subsidies are a huge drain on government’s revenue. Rewane stated this in his presentation at the Lagos Business School Breakfast Session on May 8, a copy of which was obtained by our correspondent on Tuesday. He noted that […]

The Nigerian Stock Exchange has delisted Newrest ASL Nigeria Plc from its daily official list. The NSE, in a notice to investors dated May 13, 2019, said the entire issued share capital of the company was delisted from the daily official list of the Exchange on Monday, further to the market bulletin of February 27, […]

Skyway Aviation Handling Company has listed 1.35 billion shares, which is 100 per cent of its issued and paid-up ordinary shares, on the main board of the Nigerian Stock Exchange. The company officially became a public limited liability company on Tuesday by way of an initial public offering, which was undersubscribed by 35 per cent. […]

The international oil benchmark, Brent crude, surged on Monday to its highest level since late October 2018 after the United States President, Donald Trump, announced the decision to end waivers that allowed some countries to buy crude oil from Iran without facing US sanctions. Brent, against which Nigeria’s oil is priced, has risen by about […]

Investors in the Nigerian stock market lost N158bn in March amid persistent bearish sentiments. The market, which opened the month at 31,721.76 basis points with a market capitalisation of N11.830bn, rose to its highest point on March 5 at 32,173.66bps with a market capitalisation of N11.998tn. It, however, closed at 31,041.42bps with a market capitalisation […]


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