October 18, 2017/Cordros Research EQUITIES The equities market closed negative, with the ASI depreciating further by 0.08% to 36,641.52 points, as investors took profit on previous gains. The Month-to-Date and Year-to-Date returns moderated to 3.39% and 36.34%, respectively. The Oil & Gas (-0.45%), Insurance (-0.29%), and Banking (-0.18%) indices posted […]
Investors Bite
SEC Approves New NSE Rules, Amendments on Block Divestment, Large Volume Trades
October 18, 2017/NSE The Exchange has received the Securities and Exchange Commission’s approval to the Rules set out below: S/No. Approved Rule Approval Date 1 Amendments to Dealing Members’ Rules (Part XIIIA) – Block Divestments and Large Volume Trades 16 October 2017 2 Amendments to Issuers’ Rules – Deletion of Chapter […]
Oando Confirms Suspension on Shares Trading
October 18, 2017/NSE The Company (“the Company” or “Oando”) has received communication from the Nigerian Stock Exchange (NSE) that the Securities and Exchange Commission (SEC) have issued a directive to immediately suspend the trading of Oando shares, a directive to which the NSE has complied. The Company is currently reviewing […]
