Business Hilights

Tracking Nigeria's Headline Business News Online

Nigerian Stock Exchange (NSE)

Lafarge, Access Bank, Seplat, UBA now members of NSE premium board

The Nigerian Stock Exchange (NSE) on Monday put paid to its earlier announcement that the quartet of Access Bank Plc, Lafarge Africa Plc, Seplat Petroleum Development Company Plc and United Bank for Africa Plc have satisfied all protocols to become…

Nigerian Stock Exchange upgrades Access Bank, UBA, Lafarge, Seplat to premium board

The Nigerian Stock Exchange (NSE) on Thursday made public plans migrate leading stocks including Access Bank Plc, Lafarge Africa Plc, Seplat Petroleum Development Company Plc and United Bank for Africa Plc to its Premium Board on Monday, April 16, 2018….

Election year fears, herdsmen attacks may weaken foreign investors’ appetite

There are apprehensions that the robust and deep inflow of foreign capitals at the Nigerian Stock Exchange (NSE) championed by Foreign Portfolio Investments (FPIs) in 2017, may begin to wane very soon. Key reasons why the erosion is imminent cannot…

Bears continue to dominate equities market as Naira remains flat to Dollar

Activities at the Nigerian Stock Exchange (NSE) on Tuesday showed that the bears continued to dominate the equities market, with the ASI shedding 0.87% to 43,877.30 points, as profit taking persisted across most sectors. However, on the currency exchange market,…

‘Foreign portfolio investments-driven growth, rising oil prices deceptive’

Development economists have raised serious issues, warning that the sudden jump of the Nigerian Stock Exchange (NSE) capitalization to N16tn should not be seen as sustainable growth especially now the country is very close to a general election. The experts…

NSE reviews 2017 Market Performance, gives Outlook for 2018

The Nigerian Stock Exchange (NSE) held its 2017 Market Recap & Outlook for 2018 on Tuesday, January 16, 2018, at the Stock Exchange House, Lagos. This annual event is a forum for the Chief Executive Officer of NSE, Mr. Oscar…

Tinuade Awe now executive director at Stock Exchange

The Nigerian Stock Exchange (NSE) on Monday announced the promotion of Ms Tinuade Awe to Executive Director, Regulation with effect from 1 January, 2018. Her appointment has received regulatory approval. As Executive Director, Regulation in the NSE’s revised organizational structure,…

Flour Mills flags off sale of N39.86bn share from today—Exchange

The Nigerian Stock Exchange (NSE), weekend announced the resumption of share sales marketing by the Flour Mills of Nigeria (FMN) to existing investors from today, January 15, 2018. The target is to raise N39.86bn ($130m) to boost expansion and growth…

NSE, CBi to unveil Corporate Governance Rating System (CGRS) Steering Board

The Nigerian Stock Exchange (NSE) and the Convention on Business Integrity (CBi) Thursday, announced the inauguration of the Steering Board of the Corporate Governance Rating System (CGRS), which held its maiden meeting on December 12, 2017. The CBi, a company…

CIS inducts NSE boss, Oscar Onyema as Associate Member

The Chief Executive Officer of the Nigerian Stock Exchange (NSE), Mr. Oscar N. Onyema, was on Tuesday, December 19, 2017, inducted as an associate member of the Chartered Institute of Stockbrokers (CIS) of Nigeria at the induction ceremony held in…