NSE, SEC drill Capital Market Operators on requirements for the Derivatives Market
The Nigerian Stock Exchange (NSE) Tuesday organised a Workshop on the legal and regulatory requirements of Derivatives trading for capital market operators on Tuesday, February 4, 2020 at the Exchange House in Lagos. he workshop was organised in collaboration with…
Nnamdi Obiagwu, now Eterna Plc’s COO
Eterna Plc has via a statement released to the Nigerian Stock Exchange (NSE), appointed Nnamdi Obiagwu as Chief Operating Officer (COO) effective 10th January 2020. Obiagwu is a graduate of Mechanical Engineering from the Federal University of Technology, Owerri. He…
AMCON: Costliest hotel in Lagos, Intercontinental now property of 11 Plc
Following completion of payment and official documentation, 11 Plc, formerly known as Mobil Oil Nigeria Plc, has finalised discussions with the Asset Management Company of Nigeria (AMCON) to acquire the Lagos Continental Hotel. A statement filed at the Nigerian Stock…
Production, operating costs decline Dangote Sugar’s EPS by 12.1% y/y
Recently published nine months results of Dangote Sugar at the floor of the Nigerian Stock Exchange (NSE) have shown that the company’s EPS declined by 12.1% y/y. The earnings underperformance was mainly due to the unrelenting pressure stemming from production…
Seplat completing moves to acquire N174.2bn Eland Oil and Gas Plc
Performing indigenous oil and gas group, Seplat said via a notice at the Nigerian Stock Exchange (NSE) earlier in the week, revealed that is has made final investment decision on buying over Eland Oil to deepen undertakings in the nation’s…
Julius Berger oil & gas coming
In line with its strategic partnership and joint investment agreement with Petralon Energy for the acquisition and development of oil fields in Nigeria, leading construction giant, Julius Berger Nigeria Plc, has notified the Nigerian Stock Exchange (NSE) of readiness to…
DMO floats series II of FGN ₦15bn 7-Year Green Bond on NSE
The Nigerian Stock Exchange (NSE) Monday announced the listing of the Federal Government of Nigerian (FGN) N15billion Green Bond on its daily official list, by Debt Management Office (DMO). The 7-year Green bond issued at coupon rate of 14.50% on…
NSE bundles Oando Plc from Medium Priced Stock to Low Priced Stock
The Nigerian Stock Exchange (NSE) Thursday announced the reclassification of Oando Plc from Medium Priced Stock to Low Priced Stock effective Thursday, September 5, 2019. The Exchange averred in a terse statement to Business Hilights that “This is in compliance…
NSE steps up seamless market info access, unveils IR data pack
The Nigerian Stock Exchange (NSE) Thursday unveiled what it described as the NSE Investor Relations (IR) Data Pack, an innovative and dynamic webpage integrated with key market data, corporate news and disclosures, for corporate issuers. The Exchange explained that “NSE…
DMO floats 2nd ₦100bn, 7-Year, FGN Sukuk due to mature in 2025
Debt Management Office (DMO) of Nigeria on Tuesday, July 23, 2019, listed on the Nigerian Stock Exchange (NSE), the second ₦100bn, 7-Year, FGN Sukuk due to mature in 2025. The Sukuk was raised at a rental rate of 15.743%, a…