L – R shows Jude Chiemeka, Divisional Head, Trading Business, The Nigerian Stock Exchange (NSE); Jamie Rixton, Chief Agronomist, Ella Lakes Plc; Wole Onasanya, Chief Financial Officer, Ella Lakes Plc; Chuka Mordi, Chief Executive Officer, Ella Lakes Plc; Olumide Bolumole, Divisional Head, Listing Business, NSE; Enot Ogbebor, Non-Executive Director, Ella Lakes Plc; Frank Ellah, Non-Executive Director, Ella Lakes Plc and Kolo Majekodunmi, Managing Director, MBC Capital Limited during the Listing of Ella Lakes Plc at the Exchange Monday.
Nigeria’s stock market opened the week on a negative note on Monday, June 16, as the All Share Index (ASI) dipped 0.37% to settle at 29,936.33 points.
L-R: Dr. John Osuoha, Country Representative, Nigeria, Chartered Institute for Securities & Investment; Mr. Oscar N. Onyema, OON, Chief Executive Officer, The Nigerian Stock Exchange (NSE); Mr. Simon Culhane, Chief Executive, CISI and Mr. Ade Buraimo, Group Managing Director, Alpha Morgan Capital during a courtesy visit by CISI to the Exchange in Lagos.
Following an absence of a major catalyst to the Nigerian economy, trading on the equities segment of the Nigerian Stock Exchange (NSE) which comprises over 160 listed companies across diverse sectors of the country has continued to record decline.
Finance which helps countries boost projects that reduce emissions and address climate challenges have increased by 22% in developing and emerging economies during the last one year, the 2018 Joint Report on Multilateral Development Banks’ Climate Finance has revealed.
Nigeria’s equity market declined by 0.7% at the close of trade on Tuesday, June 11, to settle at 30,099.83 points following losses in DANGCEM (-2.1%), NIGERIAN BREWERIES (-1.7%) and DANGSUGAR (-4.4%).
In a bid to offset a negative retained earnings in Union Bank’s accounts, the Board of Directors have proposed a Share Premium Reduction which shareholders have approved.
The Nigerian Capital Markets Institute (NCMI), the educational and training arm of the Securities and Exchange Commission (SEC) has signed an agreement with the Chartered Institute for Securities & Investment (CISI).
Nigeria may continue to grapple with economic growth especially growth in double digit if three major subsidies being facilitated by the Nigerian federal government remains.
Nigeria’s stock market began trading for the second week in June with investors exchanging a total of 247.3 million units of shares.