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.
Nigeria’s stock market began trading for the second week in June with investors exchanging a total of 247.3 million units of shares.
Guaranty Trust Bank plc, has announced a N25 billion disbursement plan targeted at supporting the country’s Micro, Small and Medium Enterprises (MSMEs) and facilitated by its partnership with the Development Bank of Nigeria (DBN).
The All Share Index (ASI), which is performance indicator of Nigeria’s stock market on Wednesday, May 22, regained a 31000 basis points (bps) psychological mark on the back drop of five consecutive days of gains witnessed since the listing of MTN Nigeria shares.
Following a successful listing of shares of MTN Nigeria last Thursday, investors of the company have accumulated over N12.2 billion worth of shares, the Nigerian Stock Exchange (NSE) has revealed.