Archives - November 2015

  At the close of the market today, the Equity Market ended trading session with an aggregate of 27,385.69 to produce a further loss of 0.84% (compared to 27,617.45 and 0.29% loss recorded last week Friday).  The market breadth (No of Gainers/No of Losers) moderately declined compared to last week Friday’s (0.57x vs. 0.76x) as pessimistic activities dominated …

PUNCH Dangote builds N7bn diagnostic centre in Kano Africa’s richest man, Aliko Dangote, through his Dangote Foundation, is building a N7bn state-of-the-art operating theatre and diagnostic centre at the Murtala Muhammad Specialist Hospital in Kano.[Read More…] Transcorp Ughelli Power changes name Transnational Corporation of Nigeria Plc has announced the successful merger of its two power subsidiaries, …

  At the close of the market today, the Equity Market ended trading session with an aggregate of 27,617.45   to produce a loss of 0.29%  (compared to 27,697.12 and 0.17% loss recorded yesterday).  The market breadth (No of Gainers/No of Losers) moderately declined compared to yesterday (0.76x vs. 1.2x) as pessimistic activities dominated bargain activities: 16 Gainers …

PUNCH FG to establish N4.98tn infrastructure fund —Adeosun The Federal Government plans to set up a $25bn (N4.98tn) fund dedicated to infrastructure investments, the Minister of Finance, Mrs. Kemi Adeosun, has said.[Read More…] DAILY SUN Customs warns importers against trading in banned goods The Nigeria Customs Service (NCS) on Thursday warned importers against trading in goods …

  At the close of the market today, the Equity Market ended trading session with an aggregate of 27,697.12  to produce a loss of 0.17%  (compared to 27,743.92 and 0.53% gain recorded yesterday).  The market breadth (No of Gainers/No of Losers) considerably improved compared to yesterday (1.2x vs. 0.60x). 24 Gainers were recorded against 20 Losers in the trading …

PUNCH FG spends N194bn on capital projects The Federal Ministry of Finance said on Wednesday that N194bn had been spent on capital projects between January and September this year.[Read More…] DAILY SUN NSE:‘Online trading to attract N1.5trn investments’ BASKING in the euphoria of the recent launch of its online trading platform,Trade Smart, the Nigerian Stock Exchange …

  At the close of the market today, the Equity Market ended trading session with an aggregate of 27,743.92 to produce a gain of 0.53%  (compared to 27,596.81 and 0.89% loss recorded yesterday).  The market breadth (No of Gainers/No of Losers) slightly improved compared to yesterday (0.60x vs. 0.59x). 12 Gainers were recorded against 20 Losers in the trading chart. The …

PUNCH Mixed reactions as CBN cuts interest rate The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday reduced the Monetary Policy Rate (benchmark interest rate) from 13 per cent to 11 per cent.[Read More…] Senate to pass N465bn supplementary budget next week The Senate on Tuesday directed its Committee on Appropriation to work …

At the close of the market today, the Equity Market ended trading session with an aggregate of 27,596.81 to produce a marginal loss of 0.89% (compared to 27,843.55 and 1.02% loss recorded yesterday).  The market breadth (No of Gainers/No of Losers) moderately improved compared to yesterday (0.59x vs. 0.31x). 13 Gainers were recorded against 22 Losers in the trading chart. The top 5 Gainers were NESTLE (+1), NB (+0.72), …

  PUNCH Naira hits 242 as CBN cuts dollar supply The naira fell to 242 against the United States dollar at the parallel market on Monday after the Central Bank of Nigeria cut dollar supply to Bureaux de Change operators in a bid to conserve the external reserves.​[Read More…] DMO, NSE want more Nigerians to invest …