Stockmarkets

News : Stockmarkets

The Capital Markets Authority (CMA) has proposed measures to protect the country from the kind of credit crisis currently facing financial markets across the globe. (AllAfrica)

Eleven countries are consulting Nigeria on how to manage the effects of the on-going global financial crisis in their respective countries, the Central Bank of Nigeria Governor, Prof. Chukwuma Soludo has said. (AllAfrica)

The market fundamentals of the Nigerian capital market are strong with many quoted companies still posting mouthwatering profits. (AllAfrica)

News of the bail-out package being worked by the Nigerian Stock Exchange and some banks, has so far failed to change the market's slant, with the bears still firmly in charge, after 76 companies closed in the red at the end of last week, as against just 10 on the flip side. (AllAfrica)

TRADERS will be perched on the edge of their seats when markets open this morning after global stocks went into free fall on Friday, capping one of the worst weeks since the 1987 market meltdown. (AllAfrica)

A regional training institute for capital market participants has been launched; raising hopes that the current capacity deficit in the sector will be addressed. (AllAfrica)

C & I Leasing Company Plc, the only leasing company listed on the floor of the Nigerian Stock Exchange (NSE), has recorded a turnover of N3 billion in its half year result ended July 31, 2008. (AllAfrica)

Intercontinental Bank Plc has recorded gross earnings of N121 billion in its half year result ended August 31, 2008. (AllAfrica)

As the world economic downturn continues unabated, the World Federation of Exchanges (WFE) has invited all Chief Executive Officers of member exchanges worldwide to a "crucial" meeting in Milan, Italy to discuss developments in the global securities market. The four-day meeting started yesterday. (AllAfrica)

The FCT Minister, Dr. Aliyu Modibbo Umar has commended the Board, Management and staff of the Abuja Investment Company Limited for making the first ever dividend payment to the FCT Administration. (AllAfrica)

From a peak of N24. 50 per share it attained in April this year, just about a month before the market downturn set in; the Cement Company of Northern Nigeria (CCNN)has been shedding in value even when investors spotted a green light from the first quarter result. (AllAfrica)

Established in 1960 and named Lagos Stock Exchange, the capital market operator became The Nigerian Stock Exchange (NSE)in December 1977. Ever since, the NSE, with the mission to "promote increased capital formation in Nigeria by providing issuers and investors with a responsive, fair and efficient stock market through competent and dedicated professionals using the latest technology" is a self-regulatory organisation (SRO), and proving capable to take the Nigerian economy to such an enviable height. (AllAfrica)

We have taken a lot of actions in terms of liquidity and I want to say very specifically that the kind of liquidity that we are allowing the system today is such that I don't really see what else in terms of liquidity requirements that will be needed to move the market forward -Professor Chukwuma Soludo, CBN governor at Thisday Town Hall, Friday, October 3, 2008 (AllAfrica)

As World markets are collapsing, National Institute of Marketing of Nigeria (NIMN) is of the view that the world should re-visit their fundamental ideologies and undertake strategic re-profiling. (AllAfrica)

The planned second Niger Bridge linking Asaba with the commercial town of Onitsha re-echoed weekend with the Obi of Onitsha, Igwe Alfred Nnaemeka Achebe, describing it as long overdue and a very critical element in the medium and long term economic transformation of Anambra and Delta states. (AllAfrica)

Local investors have begun to feel the pinch of the global financial markets' volatility, as stock prices on the Botswana stock Exchange this week went tumbling in tandem with international trends. (AllAfrica)

We can very safely declare that the poor state of the Nigerian economy has had nothing to do with the collapsing global capitalist markets of the western world. The plea of global village knock-on effect? Naw! That would be pure copycat syndrome. (AllAfrica)

Kampala If you are an investor on the Uganda Securities Exchange you watched the news on Tuesday night with a little more anxiety. (AllAfrica)

WARREN Buffet, according to the Forbes list, is the richest man in the world. He has an estimated wealth of about $62b or more than the size of the East African economy. (AllAfrica)

Efforts by the Nigerian Stock Exchange (NSE) and some banks to bail out the nation's stock market from its lingering slide received a boost yesterday as more banks signified their interest to be part of the package. (AllAfrica)

Nigerian Stock Exchange (NSE) said on Thursday it was collaborating with banks to restore investors' confidence in the market, which for sometime now has continued to wane. (AllAfrica)

As the global financial crisis rages and the Nigeria's stock market's decline takes its toll on the nation's finance health, pensioners and members of the Certified Pension Institute of Nigeria (CPIN) have expressed concern on the security of the pension funds. (AllAfrica)

The bearish trend in the Nigeria Stock Exchange (NSE) continued on Wednesday, as the market capitalisation dipped further by 0.54 percent. (AllAfrica)

The wholly-owned local company, Trustco Group Holdings Limited, will list on the Johannesburg Securities Exchange at the end of this month, according to JSE documents made available to the Economist this week. (AllAfrica)

Intercontinental Bank Plc has announced its unaudited financial results for the half year ended August 31, 2008 with gross earnings rising to N121 billion, representing a growth of over 99 per cent as against the N60.9 billion achieved in the corresponding period of 2007. (AllAfrica)

WHEN the JSE is in free-fall, I am forced to remind myself that the Private Investor's gains and losses are on paper only. (AllAfrica)

RAND Merchant Bank (RMB) moved quickly yesterday to say it was not complicit in the collapse of derivatives trading firm Dealstream and would co-operate fully with the Financial Services Board (FSB) throughout any investigations into the matter. (AllAfrica)

Multiverse Resourse, which was listed on Wednesday on the floor of the Nigerian Stock Exchange (NSE), led the gainers chart. The company was the only one on the gainers' chart. (AllAfrica)

Since the conclusion of the banking consolidation exercise, Finance Houses in the country under the aegises of Finance Houses Association of Nigeria have been advocating for extension of the reform programme to the sub-sector. (AllAfrica)

President Umaru Yar'Adua called, yesterday, for partnership between government and the private sector in tackling the current global financial crisis. (AllAfrica)

Shareholders have called on the regulatory authorities in the nation's capital market to give investors more time to dematerialize their share certificates due to the bottlenecks often experienced with registrars of companies. (AllAfrica)