Global trade tensions weigh on stocks as U.S. dollar holds gains
Businessam Staff
May 3, 2018
World stocks traded flat Thursday as worries over global trade tensions weighed, while the U.S. dollar consolidated recent bumper gains after the Federal Reserve reaffirmed the outlook for more rate hikes. According to a Reuters report, the MSCI world equity index, which tracks shares in 47 countries, traded flat in percentage terms as Europe’s pan-European […]
S&P, Dow slip ahead of Fed decision on monetary policy
Businessam StaffMay 2, 2018
American stocks slipped Wednesday, May 2, 2018, as investors looked ahead to the Federal Reserve’s latest announcement on monetary policy. The Dow Jones industrial average fell 45 points, as a 1.3 percent decline in Intel offset a 3 percent jump in Apple. The S&P 500 slipped 0.2 percent as health care fell nearly 1 percent. […]
Nigerian Stock Exchange to host conference of African stock exchanges in Lagos
Businessam StaffApril 26, 2018
The Nigerian Stock Exchange (NSE) is to host the 2018 conference of African stock exchanges, the Association of African Stock Exchanges, following its winning of the hosting right, the NSE said in a statement released Thursday 26 April and made available to business a.m. It would be the second time the NSE would be hosting […]
Diamond Bank divests 100% equity in UK subsidiary
Businessam StaffApril 25, 2018
Diamond Bank Plc has signed a Share Sale and Purchase Agreement with a member of GFG Alliance, for the disposal of its entire shareholding in its international subsidiary, Diamond Bank, UK Plc. The disposal is in line with the Bank’s objective of streamlining its operations to focus resources on the significant opportunities in the Nigerian […]
First City Asset Management lists Legacy USD Bond Fund on Nigerian Stock Exchange
Businessam StaffApril 24, 2018
By Afolabi Adesola Legacy USD Bond Fund, a mutual fund managed by First City Asset Management Limited (FCAM) and registered with the Securities and Exchange Commission (SEC), is now listed on the Nigerian Stock Exchange (NSE). The Fund, which recorded an impressive 244.44 percent subscription in its Initial Public Offering (IPO), raised over US$6million. The […]
24 stocks decline as All Share Index falls 0.12%
Businessam StaffApril 23, 2018
By Adesola Afolabi A decline in the share prices of 24 stocks listed on the Nigerian Stock Exchange (NSE) recorded on Monday, led to a dip in the All Share Index (ASI). The ASI closed 0.12 percent lower than its opening figures and closed at 40,763.93 points, bringing the year to date returns to […]
Investors gain N36.8bn as Oando, Courteville, Eterna lead gainers
Businessam StaffApril 19, 2018
By Adesola Afolabi The bulls had the upper hand at the equities segment of the Nigerian Stock Exchange on Thursday as the lead market indicator- The All Share Index closed in the positive region. Investors gained a total of N36.8 bn when market capitalization closed the day higher than previous session’s closing figure at N14.764 […]
Oando shares grow 51% within 5 days after suspension lift
Businessam StaffApril 19, 2018
The shares of Oando Plc has recorded a growth of 51 per cent in the five day’s it has traded, since the technical suspension placed on its shares were lifted on Thursday last week. Oando’s shares traded for the first time on Wednesday, April 11, after six months of technical suspension. The stock was later suspended […]
UBA Chairman Elumelu lauds NSE Premium Board, says listing is “progressive classification”
Businessam StaffApril 17, 2018
The Chairman of UBA Plc, Tony O. Elumelu has applauded the leadership of the Nigerian Stock Exchange (NSE) on the creation and the admittance of UBA to the NSE premium board. The Premium Board is the newly created platform for elite companies that meet the most stringent corporate governance and listing standards of the Exchange. […]
Global stocks extend decline on trade fears as gold, yen rise
Businessam StaffMarch 23, 2018
Stock declines deepened globally on Friday, with European equities sliding to the lowest in more than a year and gauges tumbling across Asia as the negative news cycle for risk assets continued. China announced retaliation against President Donald Trump’s tariffs and there was further turnover in the U.S. administration, compounding a selloff that started in […]