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Naira appreciates on increased dollar sales

  By Agency Reporter   The naira firmed to N151.30 to the United States dollar on Wednesday from 151.60 at Tuesday‘s close after the Central Bank of Nigeria met all demand at its foreign exchange auction, traders said. Reuters reported from Lagos on Wednesday that the central bank sold all […]

Stakeholders task SEC, NSE over moribund companies

  Gbenga Agbana   Worried by the non-compliance of some companies in the emerging markets sector of the Nigerian Stock Exchange with the post- listing requirements, stockbrokers and shareholders have urged the regulators to take necessary steps to enforce compliance. To some shareholders, the companies, which are not complying with […]

Selling pressures drag down NSE indices

  By Ademola Alawiye     The All-share Index and market capitalisation of the Nigerian Stock Exchange fell on Wednesday as a result of selling pressures across major sectors in the equities sector. The decline, according to analysts, who spoke with our correspondent, was caused by profit taking by investors […]