European stocks falter as Asian rally

European shares failed Monday to replicate a rally from Japan and the U.S., where the S&P 500 index notched its best week in five years. Bloomberg reports indicate that the Stoxx Europe 600 index slipped as auto and consumer stocks dropped. That contrasted with Asia, where equities built on their best week since September 2016 […]

SEC, NSE, CSCS rake N11.430bn in 2017 from share sales

Oscar Onyema, the chief executive officer of The Nigerian Stock Exchange

A total of N11.43 billion accrued as earnings from the sales of shares to the three major players in the Nigerian equities in 2017, according to findings by business a.m. The Securities and Exchange Commission (SEC), the market regulator, the Nigerian Stock Exchange (NSE), the market platform provider and the Central Securities Clearing System (CSCS), […]

South African rand remains near 3year highs after Zuma’s resignation

South Africa’s rand was little changed in early deals on Thursday, largely holding on to gains notched up overnight after President Jacob Zuma resigned. At 0608 GMT, the rand was at 11.7300 against the dollar, barely changed from its overnight close 11.7200 in New York and not far from levels last seen in March 2015. […]

Global equities markets bearish as stocks experience corrections

Performance of the global equity market was largely bearish last week as 15 of the 16 indices under coverage closed the week in the red. The poor performance was largely due to speculations of a possible interest rate hike by the US Federal Reserves on the back of higher inflation levels as well as market […]

NSE partners fintech group to boost trade on the Nigerian bourse

The Nigeria Stock Exchange (NSE) says it would partner FinTech Nigeria to work towards boosting the Nigerian capital market with the use of technology. Tinuade Awe, executive director, regulation of the NSE disclosed this when Segun Ajayi, chairman of Fintech Nigeria Associates and his team, visited the bourse to perform the closing gong ceremony. The […]

Goldlink Insurance postpones AGM

Goldlink Insurance Plc. has postponed its annual general meeting (AGM) scheduled to hold Thursday January 25, 2018 to a later date to be announced in due course. In a notification to the Nigerian Stock Exchange (NSE), shareholders and the general public, the company said the postponement would enable it present additional and important resolutions, which […]

NSE suspends trading in 7-Up shares

The Nigerian Stock Exchange (NSE), has announced the suspension of trading in shares of 7-Up Bottling Company Plc. According to a notice dated January 12 and signed by Godstime Iwenekhai, Head, Listings Regulation Department, trading in the shares of 7-Up Bottling Company Plc has been placed on full suspension. The suspension was necessitated by the need […]

Nigeria’s world-beating stocks riding on oil

The world-beating rally in Nigerian stocks may not be over yet. The main equity index in Africa’s biggest economy has surged 12 percent this year in dollar terms, the most among 96 major bourses tracked by Bloomberg, pushing it to the highest level since 2008. Dangote Cement Plc, controlled by Africa’s richest man, Aliko Dangote, […]