The Nigerian Stock Exchange (NSE) has taken steps to establish a Corporate Governance Index for listed companies on the Exchange. The NSE said it is partnering with the Convention on Business Integrity (CBI) to provide a steady flow of robust data that will be used to develop a corporate governance ranking system for the listed companies Established in 1997, the CBI strives to empower people, their transact ...

The Nigerian Stock Exchange (NSE) has introduced the first ever issuers’ portal in the Nigerian capital market, known as X-Issuer. The new portal, which was formally launched on Tuesday, is one of a number of new regulatory initiatives of the NSE that will allow online information submission for enhanced interaction between the exchange and listed companies. The portal is expected to encourage transparency ...

The Nigerian Stock Exchange (NSE) has suspended three market operators over market infractions. According to a report released on Thursday by the disciplinary committee of the national council of the NSE, the affected firms are: Apel Asset and Trust Limited, EDC Securities Limited and Calyx Securities Limited. The report stated that the three firms engaged in market manipulation and have been suspended from ...

Ashaka Cement PLC and Julius Berger Nigeria have joined 33 other stocks in the basket of market makers of the Nigerian Stock Exchange (NSE). This is in line with the phased introduction of additional stocks by the exchange to its market making program. Julius Berger was dropped from the list twice in early 2012 but was later re-entered in the fourth quarter of the same year. Market analysts say this undersc ...

The Governor of Central Bank of Nigeria (CBN),  Sanusi Lamido Sanusi and the Director General of the Securities and Exchange Commission, Arunma Oteh, have both made a case for government to compel foreign companies in Nigeria to list the nation’s stock exchange. Capital market operations came up for discussion during one of the interactive sessions at the final day of the 18th NationalEconomic Summit in Abu ...

The various reforms taken this year to develop the capital market have helped to improve market depth and investors’ confidence. This was the submission of the Chief Executive Officer of the Nigerian stock exchange, Oscar Onyema at the just concluded capital market committee retreat in Warri, Delta state. Mr Oscar also used the occasion to formally introduce the market quality report, which he says is the f ...

FBN Holdings PLC has opened a world of opportunities in consolidated financial services following the listing of its shares on the Nigerian Stock Exchange. Assuring investors of its commitment to sustain the heritage of excellence associated with the Firstbank brand, the Managing Director/CEO, FBN Holdings; Mr. Bello Maccido says the company will continue to improve service delivery while profitably growing ...

The Nigerian Stock Exchange (NSE) has placed the shares of Stanbic IBTC on full suspension. The foreign owned lender informed the exchange on Wednesday that it has adopted a holding company in compliance with a directive from the Central Bank of Nigeria, which requires banks to divest from non-core banking businesses or adopt a holding structure. According to a statement from the bank, its shareholders appr ...

The Inspector General of Police, Mohammed Abubakar, on Wednesday vowed to rid the Nigerian capital market of fraudsters saying the options open to fraudulent market operators is to either stop criminal activities or face the full wrath of the law. Mr Abubakar, who gave this warning in Abuja at the formal inauguration of police seconded to the Securities and Exchange Commission (SEC), explained that the poli ...

Sunrise Daily crew had in the house yesterday a Lawyer and Capital Market analyst who gave his own opinion on the report of the capital market probe which was headed and completed not by the former head of the probe in the person of Honourable Herman Hembe who was alleged to have had financial issues with the D.G. SEC Arunmah Oteh who was also on the hot seat for questioning in the public hearing. Joining t ...