Home Tag "Nigerian Stock Exchange"

Senate Passes Amended AMCON Bill, Okays Seizure Of Debtors’ Assets

The Senate, on Wednesday, passed the Asset Management Corporation of Nigeria Amendment bill. The passage of the bill followed the consideration of a report by the Committee on Banking, Insurance, and Other Financial Institutions. The amendment bill passed by the chamber empowers the Assets Management Corporation of Nigeria to, amongst others, take possession, manage or […]

Stock Investors Lose N1.37tn in One Month

Investors in the Nigerian stock market recorded a total loss of N1.37tn in February as market capitalisation tumbled below N21tn amid profit-taking. Investors had gained over N1.13tn in January as the market capitalisation closed at N22.19tn from N21.06tn at the start of the month. The Nigerian Stock Exchange All-Share Index closed at 39,799.89 basis points […]

Stock Market Gains N16bn After First Weekly Loss

The equity market, on Monday, returned to positive territory as the Nigerian Stock Exchange All-Share Index and market capitalisation rose by 0.08 per cent. The market breadth closed on a positive note with 28 gainers against 24 decliners. The ASI grew by 30.56 basis points or 0.08 per cent from 40,120.22bps last Friday to 40,150.78bps […]

FG to Borrow Dormant Account Balances, Unclaimed Dividends

Unclaimed dividends and bank account balances unattended to for at least six years will be available as special credit to the federal government through the Unclaimed Funds Trust Fund. According to the Finance Act 2020 recently signed into law by President Muhammadu Buhari, the trust fund will be a sub-fund of the Crisis Intervention Fund. […]

Abuja Chamber President commends NSE for impacting positively on economy

The President of Abuja Chamber of Commerce and Industry (ACCI) Prince Adetokunbo Kayode, SAN, has commended the leadership of the Nigerian Stock Exchange (NSE) for using their mandates to impact positively on the Nigerian economy. The President made commendation when he led a team of Executive officials of the Chamber to honour an invitation extended […]

StartUpper of the Year Challenge

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