After several years of prepping the Nigerian Stock Exchange, NSE for a public listing, there seems to be a final closure to the landmark decision. Nigeria’s upper legislative chamber, The Senate has just passed a bill that will see Africa’s second-largest stock market listed as a publicly traded entity. This […]
The Nigerian Stock Exchange (NSE) has listed, eight hundred million (800,000,000) ordinary shares of Global Spectrum Energy Services Plc at NGN5 Per Share on its Main Board. This listing added four billion naira (N4,000,000,000) to the market capitalization of The Exchange, further deepening the Nigerian capital market. To commemorate the listing, the Board and Executive Management of Global Spectrum […]
Mr. Ade Bajomo, Executive Director, Market Operations and Technology, Nigeria Stock Exchange has resigned his appointment effective December 31, 2017 to pursue other challenges. According to the NSE, Ade Bajomo joined the exchange with a wealth of experience and track record in the global financial services sector spanning Banking, Capital […]
FCMB said it wants to acquire 60% stake in addition to the 20.2% stake of Legacy Pension Managers Limited thus automatically making Legacy a subsidiary of the group. The bank said in a statement that FCMB Group Plc has entered into an agreement with other shareholders of Legacy Pension Managers Limited […]
As a result of the directive from the Securities and Exchange Commission, SEC, to suspend trading in the sahres of Oando, the Nigerian Stock Exchange said it has executed the order. The NSE said in a statement that: Dealing Members are hereby notified that the Securities and Exchange Commission has […]
Lafarge Africa Plc has informed The Nigerian Stock Exchange of the decision of the Board of the Company to merge United Cement Company of Nigeria Limited and Atlas Cement Company Limited with Lafarge Africa. UniCem and Atlas are wholly owned subsidiaries of Lafarge Africa, with the Company holding l00% of […]
Ikeja hotel plc confirmed that its board of directors have settled the dispute between them which caused the delay in the filing of Audited financial reports of the company for three consecutive years. The company said ina statement to the Nigerian Stock Exchange that it had filed it’s arrears of […]
Mr. Abimbola Ogunbanjo is now the new President of the Nigerian Stock Exchange. He was elected first Vice President of the National Council of The Nigerian Stock Exchange on September 24, 2014. He takes over from Mr. Aigboje Aig-Imoukhuede, CON who has been at the helm of affairs since May […]
The Securities & Exchange commission has given a go ahead to Oando plc to hold its Annaual General meeting as scheduled, which was to be postponed due to the on going investigation on Petition layed by Alhaji Dahiru Mangal and Ansbury Inc. This update was given through an email to the Nigerian […]
The Nigerian Stock Exchange has announced that the second edition of the Market Data Workshop (MDW 2017), themed “Market Data: The Bedrock of Wealth Creation”, will take place on the 4th of October, 2017. A workshop specifically organized to bridge the information gap between the Exchange and market participants, knowing […]