CAPITAL MARKET FMDQ Exchange admits Nigerian Breweries’ commercial papers FMDQ Securities Exchange Limited has announced the approval for the quotation on its platform of the Nigerian Breweries Plc N1.05bn Series 12, N0.94bn Series 13, and N2.67bn Series 14 Commercial Papers under its N100bn Commercial Paper Issuance Programme. The Exchange said in a statement on Tuesday…
CAPITAL MARKET FMDQ Exchange admits Mixta’s N960m commercial paper FMDQ Securities Exchange Limited announced on Monday that it had approved the quotation of the N960m Series 35 Mixta Real Estate Plc Commercial Paper under its N20bn CP Issuance Programme on its platform. It said in a statement that the proceeds from the CP quotation would…
CAPITAL MARKET Investors gain N150bn as Nigerian stocks cut losses Investors gained N150bn at the close of trading on the Nigerian Exchange Limited last week as stocks pared their losses. The NGX All-Share Index and market capitalization appreciated by 0.72 per cent to close the week at 39,481.89 basis points and N20.58tn respectively. All other…
CAPITAL MARKET NGX Group to unveil new campaign after demutualisation Nigerian Exchange Group Plc has said it is set to launch a campaign to project its new positioning and commitment to the African financial markets as a leading capital market infrastructure provider, connecting Nigeria, Africa and the world. It said the campaign, themed ‘The Stock…
CAPITAL MARKET Stock market reopens upbeat as capitalization rises by N60 billion Following gains recorded by most blue-chip stocks, the Nigerian Exchange Limited (NGX) reopened in uptrend yesterday, as market capitalization gained N60 billion. Yesterday, the All-Share Index (ASI) increased by 113.99 absolute points, representing a growth of 0.29 per cent to close at 39,312.74…
Capital Market SEC steps in as more Nigerians buy foreign stocks The Securities and Exchange Commission has said it will register and actively monitor brokers selling stocks for foreign companies in furtherance of its mandate of ensuring investor protection and market transparency, especially for retail investors. The Executive Commissioner Operations, SEC, Mr Dayo Obisan, was…
Capital Market FG to Raise $250m for National Carrier The federal government has said it expects to raise about $250 million from the private sector to float it proposed national carrier, which is now at the stage of procurement phase. This was disclosed by the Ministry of Aviation in a publication titled, ‘Status of the…
Thursday May 6, 2021 Capital Market Sell-off in Stanbic IBTC, others trigger loss in equities market Sell-off in Stanbic IBTC Holdings and 21 other stocks dragged transactions on the Nigerian Exchange (NGX), extending the bearish trend to close on a downturn yesterday as the all-share index (ASI) depreciated by 0.92 per cent. ASI declined by…
Wednesday May 5, 2021 Capital Market Nigerian Breweries posts 39.5% increase in Q1 profit Nigerian Breweries Plc has said its profit after tax for the first quarter of 2021 financial year rose by 39.5 per cent to N7.73bn from the N5.54bn recorded for the corresponding period in the previous year. The brewing company reported N105.7bn…
Capital Market FG offers May savings bonds for subscription The Federal Government has, through the Debt Management Office, opened the May savings bond offer to investors. The DMO announced on Monday on its website the two-year and three-year savings bonds offer for subscription. According to the debt office, the two-year FGN bonds are due on…