International Breweries appoints Hugo Dias Rocha as its new Managing Director

Posted by - December 12, 2019

International Breweries Plc has announced the resignation of two of its directors – the Managing Director, Annabelle Degroot and the Finance Director, Zuber Momoniat. Effective 31st December 2019. According to the statement sent to the Nigerian Stock Exchange and signed by the Company Secretary/General Counsel, Muyiwa Ayojimi, he said that Degroot is said to be

Niger Insurance to Raise N15 billion as recapitalisation deadline is near

Posted by - November 26, 2019

The shareholders of Niger Insurance Plc have given their approval to a proposed plan by the company’s board to raise additional capital to the tune of N15 billion. This comes as the June 2020 deadline which requires general and life insurance companies to increase their paid-up minimum share capital to N10 billion and N8 billion

Stock market Rise as it Gains N47.4 billion

Posted by - November 25, 2019

As part of recording increase in growth in the stock market, Nigerian Stock Exchange market capitalization has returned to N13 trillion recently when the indicator increased from N12.98 trillion to N13.03 trillion, indicating N47.4 billion gain of recent. The All share index grew by 0.44% to close at 26,991.42. Explaining the growth, Okomu Oil Palm

Nigerian Stock Exchange Lists Union Bank’s N30bn 10-year Bond

Posted by - October 21, 2019

The Nigerian Stock Exchange (NSE) recently listed the Union Bank of Nigeria Plc’s N30 billion 10-Year, 16.2 per cent Subordinated Unsecured Fixed Rate Series 3 Bonds Due 2029. The bond was issued by the financial institution under its N100 billion debt issuance programme and its listing will create liquidity for holders who want to trade

CAP Plc Appoints Ayomipo Wey as Company Secretary and Legal Adviser

Posted by - September 10, 2019

The appointment of Ayomipo Wey as Company Secretary and Legal Adviser has been announced by the, Nigerian Stock Exchange (NSE), its shareholders and other stakeholders that are in the Board of Directors of Chemical and Allied Products Plc (CAP PLC). Consequently, as the Company Secretary/Legal Adviser of CAP PLC, Miss Wey will guide and advise

U.S Banking Giant, JP Morgan, Partners NSE On Derivatives

Posted by - August 22, 2019

The Nigerian Stock Exchange recently said its alliance with JP Morgan Chase to facilitate in-depth capacity building programme on the derivatives market. JP Morgan Chase & Co. is a leading global financial services firm and one of the largest banking institutions in the United States, with operations worldwide. Hence the firm was one of the

Forte Oil Appoints Adeosun as CEO, Olajide as CFO

Posted by - June 21, 2019

Forte Oil Plc has announced the appointment of a new Chief Executive Officer, Mr Olumide Adeosun , and a new Chief Financial Officer , Mr Moshood Olajide following the completion of the sale of Mr Femi Otedola’s shares in the firm’s downstream operations. According to the statement released recently, Adeosun and Olajide had been appointed

NSE announces the launch of X-Academy e-learning

Posted by - June 11, 2019

The Nigerian Stock Exchange has announced the launch of its online learning platform, X-Academy e-learning, aimed at making quality learning accessible and affordable to individuals, corporations and institutions. The NSE described the X-Academy e-learning as an innovative online learning platform that offers users ease of access to highly structured and comprehensible self-paced capital market and

The Nigerian Stock Exchange Launches Mutual Funds Trading Platform

Posted by - March 6, 2019

The Nigerian Stock Exchange in conjunction with Fund Managers Association of Nigeria (FMAN); Association of Stockbroking Houses of Nigeria (ASHON) and The Central Securities Clearing System (CSCS) Plc has launched the NSE Mutual Fund Trading and Distribution Platform on February 22, 2019 at the NSE in Lagos. The Mutual Fund trading platform will bring together