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Tag Archives: Nigerian Stock Exchange (NSE)

Stanbic IBTC Asset Management lists dollar fund on the Exchange

stanbic-ibtc-bank-plc

Stanbic IBTC Asset Management Limited, on Tuesday, listed US$5,000,000.00 of the Stanbic IBTC Dollar Fund on the floor of the Nigerian Stock Exchange (NSE). Business Hilights gathered that the listing followed a successful Initial Public Offer (IPO) of 5,000,000 Units of US$1 each at par in the Fund. Speaking at the Closing Gong ceremony to mark the listing of the ...

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NSE switches on Nasdaq SMARTS Market Surveillance Technology

nse-oscar

Nasdaq and Nigerian Stock Exchange (NSE) has launched a new market surveillance platform powered by SMARTS, Nasdaq’s flagship surveillance solution. In a statement issued on Monday and emailed to Business Hilights, the Exchange said “The technology will, amongst other things, enable NSE to proactively monitor market manipulation (including spoofing and layering), detect and deter manipulative tendencies, gather intelligence, carry out ...

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Why Ashaka Cement exited Nigerian Stock Exchange

Ashaka Cem

More facts have emerged, giving explanations to why Ashaka Cement Plc voluntarily delisted from the Nigerian Stock Exchange (NSE). The company announced its voluntary withdrawal in a statement posted on NSE website by the company’s directors, linking its withdrawal to the violation of the exchange free float deficiency provision of 20 per cent. The company opted for voluntary delist to ...

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Lafarge’s Graeme Bride wins ‘eRace Cancer’ during NSE’s Corporate Challenge

Lafarge Africa 2

Graeme Bride from Lafarge Africa came first in the senior citizen category, wining a smartphone and Gym membership as more than 850 participants braved the rain to support the fight against cancer at the 4th edition of the Nigerian Stock Exchange (NSE) Corporate Challenge on Saturday, July 1, 2017 at the Onikan Stadium, Lagos. Other winners inlcude Anokue Uzochukwu from Cutix ...

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MTN’s September listing plan on Nigerian Stock Exchange alive—Tsaagane

MTN shop

MTN General Manager in Abuja, Mr Nikiwe Tsaagane, has again renewed the hope of listing its shares on the Nigerian Stock Exchange (NSE) this year during a courtesy visit to the Minister of Science and Technology. Dr Ogbonnaya Onu. The official noted that whereas efforts are on to fast-track improvement in the Nigerian economy, “It is going to offer important ...

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How financial services sector drove market activities last week of June

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Activities at the Nigerian Stock Exchange (NSE) last week saw financial services Industry (measured by volume) led the activity chart with 899.307 million shares valued at N6.779 billion traded in 7,977 deals; thus contributing 76.78%. Besides, trading lasted for only three days due to the Federal Government of Nigeria declared Monday 26th and Tuesday 27th, 2017 for public holidays to ...

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NSE bags ‘Employer of Choice Award’ for the 2nd year in a row

nse-oscar

…Oscar Onyema named 2016 HR Champion The Nigerian Stock Exchange (NSE) has won for the second consecutive year, the Employer of Choice Award, 2016, in the “Under 1,000 Employees” category. The award which was is in recognition of the Exchange’s outstanding contributions to human resources development in the workplace was presented by the HR People Magazine at an award ceremony ...

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Banks up weekly trading on 2.311bn shares worth N24.577bn traded in 27,836 deals

NSE House

Last week ended in a smooth note as a total turnover of 2.311 billion shares worth N24.577 billion in 27,836 deals were traded by investors on the floor of the Nigerian Stock Exchange (NSE) in contrast to a total of 2.737 billion shares valued at N32.042 billion that exchanged hands previous week in 32,217 deals. The Financial Services Industry (measured ...

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NSE recalibrates market indices to situate trading activities at Exchange

nse-oscar

The Nigerian Stock Exchange (NSE) in Lagos on Wednesday, announced the expected review of the NSE 30, and the six sectoral indices of the Exchange. Affected indices include NSE Consumer Goods, NSE Banking, NSE Insurance, NSE Industrial, NSE Oil & Gas and the NSE Lotus Islamic Indices. In a statement, the Exchange said “These indices are normally reviewed bi-annually (June ...

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Market frontiers to rise on enhanced liquidity from new financial instruments–Ogunbanjo

NSE House

First Vice President of the Nigerian Stock Exchange (NSE), Mr. Abimbola Ogunbanjo has argued that the frontiers of the Nigerian financial market are expected to grow exponentially due to enhanced liquidity arising from the development of new and intricate financial instruments. He noted that given the open and transparent financial market place the NSE offers to a wide range of ...

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