Investors Bite

SEC Invalidates NEM Insurance Plc’s 48th AGM and Resolutions; Orders Firm to Reconvene Proper AGM

Culled—Proshare 6/11/2018/Proshare Research The Securities and Exchange Commission (SEC) has ordered NEM Insurance Plc (NEM) to reconvene the 48th Annual General Meeting of the company held in Ibadan on June 20, 2018. This directive followed a thorough investigation by the commission due to complaints received from the aggrieved shareholders of […]

GNI Refutes House of Reps Sub-Committee on Capital Market’s Statement

November 6, 2018/NSE It has come to the notice of the Board of Directors and Management of Great Nigeria Insurance Plc (‘GNI Plc.”) that the House of Representatives Sub-Committee on Capital Market (“The Committee”) issued a statement on Monday November 5, 2018, threatening to authorize the Securities and Exchange Commission […]

NSE Says Total Transactions at Domestic Bourse Down by 2.79% in Sept’2018

November 6, 2018/NSE On a monthly basis, The Nigerian Stock Exchange polls trading figures from major custodians and market operators on their Foreign Portfolio Investment (FPI) flows. The table below shows an analysis of transactions on The Exchange as at the end of September 2018.  Table 1: Analysis of Transactions […]