• World
  • Columnist
  • Commodities
  • WORLD BUSINESS & ECONOMY
  • Executive Knowledge Series
  • Finance
  • Manufacturing
  • Markets
  • Risk & Governance
  • Small Business
  • Technology, Media & Innovation
  • Comments
  • Business AM WebTV
  • Login

Businessamlive
  • FRONTPAGE
  • FINANCE
    • AllAsset ManagementAuditBankingBondBudgetCapital MarketsC&I LeasingCurrencyDealDebt marketForexFund RaisingFundingGovernmentHedge FundsInsuranceInvestmentInvestorInvestor ServicesMergers & AcquistionsMoney marketTreasury BillsMortgagePensionsPersonal financePonziQuantitative EasingshareTaxationTSAWealth Management
      Finance

      Decent first 2021 auction for DMO, but drive to finance FGN deficit still poses a challenge

      9 hrs

      Finance

      Exposing Nigeria’s vulnerabilities: Covid-19, crude oil downsides from weak global macro environment

      9 hrs

      Finance

      Nigeria, Africa remittances on target as Wari, Lycaremit sign partnership

      January 21, 2021

      Companies

      Total Nigeria, Mixta, Valency, list new CPs on FMDQ platform to enhance financial markets development

      January 19, 2021

  • MARKETS
  • ECONOMY
    • AllAfricaAgricAirportsAmericaAsiaAustraliaBreakthroughDealEuropeForeign InvestmentsforexGlobal marketGovernanceIMFMiddle EastNECANigeriaOutlookRich listSouth AfricaSport BusinessTradeU.KWest AfricaWorld Economic forum
      Frontpage

      SDG: Covid-19 magnifies financing gap in developing countries by 70%, says OECD

      7 hrs

      Frontpage

      Africa startups received $2.44bn investment with marginal drop in 2020

      19 hrs

      Markets

      Nairobi Stock Exchange pushes expansion plans with more listings in 2021, says CEO

      January 23, 2021

      Africa Investment Forum

      Africa’s $60bn losses in illicit capital flows due to multinationals’ tax avoidance, says AfDB Adesina

      January 22, 2021

  • COMMODITIES
  • ENERGY
    • AllConferenceElectricityOil and GasPowerRenewable
      Oil and Gas

      Nigeria’s electricity DisCos create imbalance costing N20.5bn in 3 weeks  

      22 hrs

      Companies

      Appeal Court suspends order against shutting of SEPLAT headoffice

      January 23, 2021

      Frontpage

      OPEC welcomes push for electric vehicles, but says fossil fuel remains strong

      January 21, 2021

      National: Governance, Policy & Politics

      Nigeria ramps up domestic LPG consumption above 1MMT, says PPPRA

      January 20, 2021

  • TECHNOLOGY
  • MANUFACTURING
  • ANALYSIS
    • Analyst Insight

      Misconstruing Data Protection Officer function within organisations

      January 25, 2021

      Analyst Insight

      CBN meeting and NSE in focus

      January 18, 2021

      Analyst Insight

      Once again, fiscal stimulus takes centre stage

      January 18, 2021

      Analyst Insight

      Organisations must learn from the WhatsApp story  

      January 18, 2021

Frontpage

Nigerian Stock Exchange realised N8.30bn income, N3.82bn surplus before tax in 2017

June 7, 2018724 views0 comments

The Nigerian Stocks Exchange, NSE group, recorded a total income of N8.30 billion and N3.82 billion surplus before tax for the year ended 31 December 2017.

This was revealed Thursday via the Twitter handle of The Exchange, which also announced its 57th Annual General Meeting scheduled for June 7, 2018.

The NSE’s 2017 full year financial results were announced at the annual general meeting, the NSE Event Centre in Lagos.

The results show a total income of N8.30 billion for the group and N3.82 billion surplus before tax for the year ended 31 December 2017, representing an 86 percent increase in gross earnings when compared to the N4.46 billion achieved in 2016. Surplus before tax grew by 5,629 percent in the same period.

Read Also:

  • Nairobi Stock Exchange pushes expansion plans with more listings in…
  • Why Universal Basic Income Should Be President Biden’s Top Priority
  • Nigerian university agriculture institute researchingflood resistant maize
  • Nigerian cocoa dealers fret as price slump squeezes revenues

The Exchange Group comprises four (4) subsidiary companies namely; Naira Properties Limited, Coral Properties Plc., NSE Consult Limited and NSE Nominees Limited. The Exchange also has interests in NG Clearing Limited and Central Securities Clearing System (CSCS) Plc as joint venture and associate company respectively.

Oscar N. Onyema, the CEO, NSE, commenting on the results, said “this positive performance, after the significant headwinds witnessed over the past two years, affirms the resilience of our market and its potential as a catalyst of economic growth in Nigeria and the hub for Africa. Focus on executing our robust strategy of cost efficiency, products and revenue diversification, as well as innovative and improved operational delivery, underpins this strong performance”.

According to Abimbola Ogunbanjo, president, National Council of NSE “We have deployed a new four year corporate strategy that will reposition us as a more investor friendly and customer centric exchange hub in Africa. With this new strategy, we are poised to deliver superior performance for our multi-faceted stakeholders especially issuers and investors who continue to access our market to raise and save capital respectively”.

  • The Exchange’s achievement for the year 2017, according to a statement on its website, include but are not limited to:
  • Market capitalization at N22,917,906,741,966.20 grew by 41.59% when compared to N16,185,729,639,209.90 in FY 2016
  • All Share Index appreciated by 42.30% from 26,874.62 to 38,243.19
  • Achieved new listings across diversified product classes – 41 Bonds, 19 equities, 5 ETFs and 15 Memorandum Listings
  • Rated 3rd best performing stock exchange in 2017 by CNN, awarded CSR Company of the Year by Lagos Chamber of Commerce &
  • Industry, named Employer of The Year by HR People’s Magazine
  • In partnership with the Debt Management Office, launched FGN Savings Bond, Green Bond and Sukuk to promote financial inclusion in Nigeria
  • Commissioned Tier 3 designed data centre with cloud computing capabilities

Share on Facebook Tweet Email
TagsNigerian stocks exchange NSE
PreviousNSE chief commends Dangote Cement, says stock performing under Majoku, group’s MD
NextOpening up a growing mega-city: why Lagos needs open contracting

Leave a comment

- Cancel reply

MARKET DATA

Market Videos

Recent Posts

  • Unilever Nigeria cuts operating loss significantly as revenue rises 1.3% to N61.6bn
  • Bargain hunters feast on Airtel, MTN, Lafarge as Nigeria bourse swings higher
  • SDG: Covid-19 magnifies financing gap in developing countries by 70%, says OECD
  • Nigerian university agriculture institute researchingflood resistant maize
  • CBN’s MPC keeps MPR at 11.50% in line with analysts’ expectations

World

Africa

Buhari, Okonjo-Iweala congratulate Adesina over reelection as AfDB President

Europe

EU businesses to cut investments in 2020, says EIB report

America

U.S. increases cost of visa application for Nigerians

Africa

Thatcher-Loving Nigeria Candidate Plans to Overhaul Economy

Africa

AfDB scales up industrialization pace on the continent, delivers improved business access to finance, skills, energy

Frontpage posts

0

Nigeria to ramp up wheat production on Flour Millers’ N35m multi-crop threshers for farmers

Frontpage April 10, 2018

1
2

Nigeria, global financial institutions warned climate change a risk to financial stability

Frontpage July 28, 2017

3

Nigeria needs to reduce fuel subsidy now –IMF

Frontpage October 22, 2019

4

APM Terminals, customs agents disagree over 18% export throughput rise at Apapa Port

Frontpage January 6, 2020

5

Nigeria’s finance minister disagrees with IMF, says debt level sustainable, under control

Frontpage April 20, 2018

SUPPORT

  • Photo Gallery
  • Help Centre
  • About Us
  • Accessibility

LEGAL & PRIVACY

  • Terms & Conditions
  • Privacy
  • Cookies
  • Copyright

SERVICES

  • Conferences & Events
  • Analysts Research
  • Advertising Rate
  • Ebooks

TOOLS

  • Portfolio
  • Newsletters
  • News feed
  • Currency Converter

SUBSCRIBE

Join us to get latest updates on business related news.

[mc4wp_form id="3076"]
  • ABOUT US
  • CONTACT US
  • CAREERS
  • TERMS & CONDITIONS
  • PRIVACY POLICY
Copyright 2017. All rights reserved. BusinessAMLive. A Businessnewscorp Member Company.