Investors Bite

SEC Releases Guidance on the Implementation of Sections 60 – 63 of the ISA 2007

March 8, 2021/SEC Nigeria The global corporate scandals that occurred in 2001 were linked to weaknesses in financial reporting and accounting practices. In response, several jurisdictions enacted legislations to enhance transparency and uphold the integrity of financial markets. As part of the efforts to reform corporate financial reporting in Nigeria, the […]

NSE Opens Week with +0.17% Gain, Driven by Oil & Gas, Industrial Counters

March 8, 2021/InvestmentOne Report The Nigerian equities market closed up today as NSE-ASI gained 0.17% to close at 39,396.57pts. In today’s trade, market breadth index was positive with 25 gainers against 14 losers. LINKASSURE (+10.00%) led the gainer’s chart today, while MEYER  (-10.00%) was the top loser. ZENITHBANK (-1.58%) was the most actively traded stock with about 66million units of shares worth about […]

NSE Suspends Trading on UNIONDAC Shares on Delisting Proposal

March 8, 2021/NSE Trading in the shares of Union Diagnostic and Clinical Services Plc (Union Diagnostic or the Company) was suspended today, Friday, 5 March 2021.   The suspension is necessary to prevent trading in the shares of the Company beyond the effective date of the Scheme of Arrangement between […]