NSE
-
economy
JAPA: NSE dedicates diaspora branches to support relocating professionals
The Nigerian Society of Engineers (NSE) says it has dedicated its diaspora branches to support members seeking opportunities abroad to attract development to Nigeria. Mrs Margaret Oguntala, President/Chairman-in-Council of NSE, made this known on Wednesday while addressing the Association of Professional Bodies of Nigeria (APBN) Board meeting hosted by the NSE in Lagos. Oguntala, an engineer, said that since the…
Read More » -
General News
Group of technocrats suggests ways to industrialise Nigeria
The Think Tank on Nigeria (TTON), a group of technocrats concerned with policy analysis and advocacy, has suggested ways to industrialise Nigeria and tackle its foreign exchange and other economic challenges TTON is an online policy advocacy platform with 278 members from various professions drawn from different geopolitical zones of Nigeria. The group’s suggestions are contained in a document titled…
Read More » -
economy
NASS, NSE to accelerate manufacturing sector
Abuja, Nov. 29, 2023 (NAN): The President of the Senate, Chief Godswill Akpabio, says the National Assembly will partner with the Nigerian Society of Engineers (NSE) to come up with favourable legislation that will accelerate the manufacturing sector. Akpabio gave this indication when he spoke at the Opening Ceremony of the 2023 National Engineering Conference on “Exhibition and Annual General…
Read More » -
economy
Oscar the grouch and the Sesame Street that is the NGX
The NGX today is a street lined with muppets. Lilly livered gringos who would rather come at night and bite Oscars backside rather than face him and tell him to his face the truth that he is superintending the death of a wonderful institution. Growing up, we were fed by NTA with Sesame Street. It was an exciting programme with…
Read More » -
education
Women in engineering facilitate scholarship for 500 students to study engineering
The Association of Professional Women in Engineering of Nigeria (APWEN), a division of Nigeria Society of Engineers (NSE), says it is sponsoring 500 students to study engineering courses in tertiary institutions. The President of APWEN, Mrs. Funmilola Ojelade, disclosed this at a news conference organized by the association in Abuja on Monday. The conference, tagged “Women in Engineering Driving Digital…
Read More » -
Finance
NGX records operating deficit, negative cashflow amid COVID headwinds
The Nigerian Exchange Group Plc recorded an operating deficit of N93.97m and net operating cashflow of -N1.37bn in the 2020 financial year amid the impact of the COVID-19 pandemic. According to its annual report for 2020, the NGX witnessed an operating deficit as compared to a surplus of N768.23m in 2019. The company claimed a N2.00bn profit from its equity…
Read More » -
News
Swiss parent buys back N10bn worth of Nestle Nigeria’s shares in 4 months
Analysis of Director Dealings disclosures from the Nigerian Exchange Limited has shown that Nestle S.A. bought an additional 7.44 million shares worth N10.41bn of Nestle Nigeria between May 7 and August 19, 2021. Nestle S.A is the parent company of Nestle Nigeria and according to its audited financial statement for the year 2020, the Switzerland based firm owned a total…
Read More » -
NEWS
Airtel, GTB, others, add N2.5tn as stock market outperforms inflation
The Nigerian stock market saw a windfall on the year as the twenty largest companies on the Nigerian Exchange Limited added N2.47tn ($6.24bn) with the market outperforming inflation. Data from the NGX available to our correspondent revealed that twenty companies listed on the exchange controlled 91.54 per cent of the total market capitalisation, as of 30 June 2021. The total…
Read More » -
Finance
Nigeria’s bourse opens trading with N4bn loss
The nation’s bourse opened trading for the week on Monday on a bearish mood with the market indices dropping by 0.02 per cent. Specifically, the market capitalisation, which opened at N20.455 trillion, shed N4 billion or 0.02 per cent to close at N20.451 trillion. Also, the All-Share Index lost 8.12 per cent or 0.02 per cent to close at 39,252.89…
Read More » -
Finance
Nigeria’s Bourse opens April with N67bn loss ahead Easter celebrations
The nation’s bourse opened the month of April with a loss of N67 billion, amid profit taking ahead of Easter celebrations. Specifically, the market capitalisation which opened for the month at N20.428 trillion dipped N67 billion or 0.33 per cent to close at N20.361 trillion. The downturn was supported by investors portfolio readjustment ahead of first quarter earning results. Also,…
Read More » -
NEWS
Nigeria’s Bourse ASI down by 0.36%
Activities on the nation’s bourse on Tuesday sustained a negative posture for the second consecutive day, following sell pressure on banking equities. Specifically, the All-Share Index (ASI) lost 86.01 points or 0.36 per cent to close at 24,114.59 compared with 24,200.60 achieved on Monday. Thus, Month-to-Date and Year-to-Date losses increased to -1.5 per cent and -10.2 per cent, respectively. Similarly,…
Read More » -
NEWS
Nigerian stocks lose N1.14trn in H1
Nigerian stocks closed the first half down with average loss of 8.80 per cent, equivalent to net capital depreciation of N1.14 trillion as investors struggled with a threesome of domestic macroeconomic uncertainties, global decline in crude oil price and trade wars and the ravaging COVID-19 pandemic. Benchmark indices at the Nigerian Stock Exchange (NSE), which are generally regarded as sovereign…
Read More » -
NEWS
Stock market rallies with N103bn gain
The equity market rallied on Friday with stocks gaining N104.307 billion after 6 days of consecutive losses. Today’s rebound hinged on gains by heavyweight blue-chip stocks including Airtel Africa, Nestle, UACN, ETI and Nigerian Breweries. The Oil and Gas Index posted the worst sectorial performance, going down by 0.45% to close at 198.55 basis points. There were 14 gainers compared…
Read More » -
NEWS
Stock market records N13bn appreciation
The Nigerian Stock Exchange (NSE) market capitalisation closed upbeat on Wednesday, growing by N13 billion, amid increased investors’ confidence in equities market. The market which opened at N13.241 trillion rose by N13 billion or 0.10 per cent to close at N13.254 trillion. In the same vein, the All-Share Index further gained 24.53 points or 0.10 per cent to close at…
Read More » -
NEWS
Nigeria’s bourse resumes, records 0.19% growth
The nation’s bourse resumed trading in June on a positive note, with the All- Share Index appreciating by 0.19 per cent. Specifically, the index rose by 48.33 points or 0.19 per cent to close at 25,316.15 compared with 25,267.82 posted on Friday. Also, the market capitalisation which opened the month at N13.168 trillion inched higher by N25 billion or 0.19…
Read More » -
NEWS
NSE: Market indicators resume week with 0.01% loss
Activities on the Nigerian Stock Exchange (NSE) opened for the week on Monday with a marginal drop of 0.01 per cent. Speficially, the All-Share Index lost 1.18 points or 0.01 per cent to close at 22,920.41 from the 22,921.59 achieved on Friday. In the same vein, the market capitalisation dropped by one billion naira or 0.01 per cent to close…
Read More » -
NEWS
Coronavirus: NSE extends filing of 2019 results by 60 days
The Nigerian Stock Exchange (NSE) has granted a 60-day grace period to companies for the submission of Audited Financial Statements (AFS) due March 30, following disruptions by COVID-19. Mr Godstime Iwenekhai, NSE Head, Listings Regulation Department, disclosed this in a statement posted on the Exchange web site on Tuesday. Iwenekhai said there would be no sanctions for companies that were…
Read More »