The Nigerian Stock Exchange has so far recorded two mergers and three supplementary listings this year. A document from the NSE on Wednesday showed that Flour Mills of Nigeria Plc recorded the first merger this year. It merged with one of its subsidiaries, Niger Mills Company Limited. Flour Mills, which […]
Tag: Nigerian Stock exchange
Index rises by 0.6% as 37 stocks appreciate
The increase in equity trading activities recorded on Monday continued on Wednesday with major indices closing positive. At the close of trading on Wednesday, the Nigerian Stock Exchange’s All-Share Index rose by 0.6 per cent or 213.28 basis points from 37,046.63 points on Tuesday to 37,259.91 points. Similarly, the market […]
NSE and Stakeholders’ Unending Wait for Securities Lending
The plan by the Nigerian Stock Exchange (NSE) to introduce securities lending to the nation’s capital market was hailed by stakeholders in the capital market. But the Exchange appears to have abandoned the initiative following market recovery, writes Eromosele Abiodun Following the global financial crisis that led to stock market […]
