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Saturday, July 4, 2020

Review of Global stock market last week

Global Markets Global equities retreated, as falling crude oil prices and the failure of a promising COVID-19 experimental drug clinical trial, weakened investors' sentiments. Stocks in the US (DJIA: -0.1%; S&P: -0.1%) resumed the week's trading weak, as broadly negative companies' earnings, weak unemployment data, and...

What to expect from Nigeria’s capital market this week April 20,2020

Equities Investors' interest in bellwether stocks, DANGCEM (+16.2%), MTNN (+6.8%), NESTLE (+16.5%) among others, led the domestic bourse to post a whopping 7.2% w/w gain - the largest weekly return since the 10th January 2020 (+9.1%). Thus, the All-Share Index settled at 22,921.59 points. Accordingly, the MTD...

FBNQuest helps investors look Beyond Today

FBNQuest Asset Management, a subsidiary of FBN Holdings, has stepped forward to offer investors expert guidance on investing opportunities. The firm seeks to serve as a partner that helps investors achieve their goals in a time of heightened uncertainty in the financial markets. The COVID-19...

Foreign investment into Nigerian Equities Slump as outflow surges on Covid-19 fears

Foreign inflows into Nigerian equities reached a record low of N18.97billion in February against an outflow of N52.37billion. This is against inflow of N23.81billion and outflow of N46.5billion in January. Foreigners who hitherto were major buyers of Nigerian equities accounted for just N141.65billion or 36.92percent...

Senate Committee Commends NSE on Contributions to National Development

The Senate Committee on Capital Markets has commended The Nigerian Stock Exchange (NSE) on its efforts to create a truly sustainable exchange hub for wealth creation and capital formation in Africa. This was expressed by the Chairman of the Committee, Senator Ibikunle Amosun, CON, during...

SEC expects N1.5tr growth in mutual funds in 2020

The Securities and Exchange Commission has expressed optimism that Collective Investment Scheme (CIS) or Mutual funds in the capital market will hit N1.5 trillion before the end of the year. From left; Head Economic Research Securities and Exchange Commission,Dr. Afolabi Olowookere; Head, External Relations (SEC);Mr....

COVID-19: Capital Market Can Rescue Local Economy, says Amosun

The capital market has been described as a veritable tool that could rescue the nation’s economy from the brink of recession in the face of COVID-19. According to Chairman Senate Committee on Capital Market, Senator Ibikunle Amosun, the capital market has the depth to revamp...

11 Plc to Voluntarily Delist from the NSE

The Board of Directors of 11 Plc at its Board meeting held on 27 February, 2020 considered and approved the following proposals: a) A proposal for 11 PLC to voluntarily delist from the Nigerian Stock Exchange. The proposal is to be considered for shareholders’ approval...

We are Working to Resolve Dantata Subscribers Issues- SEC

The Securities and Exchange Commission, SEC has assured subscribers of defunct Dantata Success and Profitable Company that it is discussing with all parties with a view to settling claims of subscribers. According to the SEC, the verification has been completed and the Commission is discussing...

SEC Embarks on New Initiatives to Ease Doing Business in the Market

The Securities and Exchange Commission, SEC has embarked on a number of initiatives to address time to market and promote ease of doing business. This was stated by the Acting Executive Commissioner Operations, Mr. Isyaku Tilde during a meeting with issuers in Lagos, Thursday. He stated...
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