The Nigerian Stock Exchange has granted a 60-day grace period to companies for the submission of Audited Financial Statements due March 30, following disruptions by COVID-19.
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United Bank for Africa PLC and Transcorp have announced the cancellation of their 2019 Annual General Meetings to prevent the spread of COVID-19.
The market indicators of the Nigerian Stock Exchange on Friday appreciated by 0.17 per cent after four days of consecutive sell pressure.
Panic sell off continued on the Nigerian Stock Exchange on Tuesday with the market capitalisation shedding N656 billion in what an expert attributed to fear of naira devaluation.
The Nigerian Stock Exchange has emerged the second largest Exchange Traded Fund market in Africa with current market capitalisation of N6.9 billion.
Operators in the Nigerian Stock Market on Tuesday attributed low participation of Pension Fund Administrators in equities market to unimpressive returns.
Specifically, the All Share Index shed 75.85 points or 0.26 per cent to close lower at 29,552.99 compared with 29,628.84 achieved on Friday.
The bank said this in a statement to the Nigerian Stock Exchange signed by its Company Secretary, Sunday Ekwochi.
The nation’s bourse resumed trading for the week on Monday still on a bullish trend following investors’ interest in MTN Nigeria Communication due to the tax debt reprieve.
NSE’s Chief Executive Officer, Oscar Onyema, made the prediction at the 2019 Market Recap/2020 Outlook in Lagos.
According to Investopedia, the ringing of the opening bell refers to the moment a securities exchange opens for its normal daily trading session.
Specifically, the market capitalisation rose by N49 billion to close at N13.019 trillion against N12.970 trillion on Thursday.
Specifically, the market capitalisation of listed equities rose by N156 billion to close at N12.752 trillion from N12.596 trillion achieved on Tuesday.
Adebiyi was honoured by the Society at a brief but impressive ceremony held in Ikeja, Lagos and witnessed by top officials of the NSE; Deputy Governor of Ogun State, Noimot Salako Oyedele; family; friends; well-wishers; top government officials of the Lagos State Government; and business associates, among many others.
The Nigerian equities market on Wednesday declined further by 0.35 per cent, amid sustained bearish transactions.
The upward trend recorded by the Nigerian Stock Exchange for some days now was halted on Tuesday following profit taking by some investors.
Specifically, the All-Share Index rose by 119.33 points or 0.44 per cent to close at 26,991.42 against 26,872.09 achieved on Thursday.
The nation’s bourse on Thursday sustained upward trend for the third consecutive trading session with the market capitalisation improving by N46 billion.
Specifically, the market capitalisation inched by N18 billion or 0.14 per cent to close at N12.923 trillion against the N12.905 trillion achieved on Tuesday.
The Nigerian Stock Exchange on Wednesday extended losing streak with the crucial market indicators dropping further by 0.57 per cent.