NSE: AccessBank Maintains Top Traded Stock At Trading Floor

Nigerian Stock Exchange (NSE) Floor

The Nigerian Stock Exchange (NSE) ended Wednesday’s trading session on a positive territory as the All Share Index closed at 29.347.62 basis points, up 0.50% making the year to date index down by 6.63%. According to the report, NEM Insurance Plc’s stock performed best with its stock gaining 10% to close at N2.20. While the… Continue reading NSE: AccessBank Maintains Top Traded Stock At Trading Floor

NIGERIA: NSE Suspends Diamond Bank Shares After Merger

Photo Credit: Google

The Nigeria Stock Exchange (NSE) has suspended the trading of Diamond Bank Plc’s shares. This development came following the sanction given by the bank of the merger scheme between Access Bank Plc and Diamond Bank Plc. A merger that should be implemented on the 19th of March 2019. However, according to the post on the… Continue reading NIGERIA: NSE Suspends Diamond Bank Shares After Merger

NIGERIA: NSE Top Gainers; Access Bank And UBA’s FY Results Fail To Influence YTD

Photo Credit: AccessBank's Website

The Nigerian Stock Market closed its trading for the week on the negative side with the All Share index ending the session at 31,142.72 basis points, down with 0.2percent. Despite the release of the FY 2018 results of both UBA ( which allowed for its position in the ranking) and Access Bank; which both had… Continue reading NIGERIA: NSE Top Gainers; Access Bank And UBA’s FY Results Fail To Influence YTD

NIGERIA: Africa’s Foremost e-Commerce Giant-Jumia, Eyes NYSE Listing

Photo Credit: PIUS UTOMI EKPEI/AFP/Getty Images via Marketplace

Africa’s online marketplace; Jumia Technologies AG is set to break new frontiers. The foremost online retailer on Tuesday, March 12th filed an application for its Initial Public Offering (IPO), a move that will enable the e-Commerce giant to sell its shares on the New York Stock Exchange (NYSE). Jumia, headquartered in Lagos Nigeria, is operational… Continue reading NIGERIA: Africa’s Foremost e-Commerce Giant-Jumia, Eyes NYSE Listing

NIGERIA: NSE Loses $233.12 Million In 6 Hours Following The Re-election Of The President

Following the announcement of the results of the Nigerian Presidential elections with the results of the polls indicating incumbent President Muhammadu Buhari’s early leads in the polls, the Nigerian Stock Exchange on its trading floor has lost the sum of $233.12 million in six hours. The stock market downslide was attributed to profit taking as… Continue reading NIGERIA: NSE Loses $233.12 Million In 6 Hours Following The Re-election Of The President