March 10, 2021/NSE The Nigerian Stock Exchange (NSE) has received final approvals of its demutualisation plan from the Securities and Exchange Commission (SEC) and Corporate Affairs Commission (CAC) respectively. With these approvals, The Exchange has now completed its demutualisation process. Under the demutualisation plan, a new non-operating holding company, […]
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NSE Secures SEC’s Approval on Rules of Net Liquid Capital Requirements, Financial Statement Manipulation, Others
March 9, 2021/NSE The Exchange has received the Securities and Exchange Commission’s approval to the Rule Amendments set out below. The following Rule Amendments shall become effective on the date set forth below: If you have any questions regarding the foregoing, please do not hesitate to seek clarification via electronic […]
MTNN, ZENITHBANK, WAPCO Drags Market Indices Down -1.8%
March 9, 2021/Cordros Report EQUITIES Trading on the domestic equities market reversed yesterday’s gain, as investors sold off bellwethers – MTNN (-5.9%), ZENITHBANK (-2.0%) and WAPCO (-8.0%). Consequently, the benchmark index declined by 1.8% to 38,686.85 points. Accordingly, the Month-to-Date and Year-to-Date losses increased to -2.8% and -3.9%, respectively. The […]
