Capital Market articles

Nigerian Stock Market index drops by 0.40%

Nigerian Stock Market index drops by 0.40%

Trading activities dropped on the Nigerian Stock Exchange (NSE) on Wednesday after two consecutive days of growth, with the All-Share Index reducing 0.40 per cent. The index closed lower at 39,031.72 against 39,187.04 recorded on Tuesday, indicating a loss of 155.32 points or 0.40 per cent. Also, market capitalisation which opened at N14.188 trillion shed

Labour kicks against FG’s plan to reinstate suspended SEC DG

Organised Labour yesterday raised the alarm over plans by the Federal Government to reinstate the Director General, Security and Exchange Commission (SEC), Mr. Mounir Gwarzo, currently on suspension for corruption charges. The Association of Senior Civil Servants of Nigeria (ASCSN), in a statement on Tuesday, warned that reinstating the suspected Director General will further dent

BREAKING: Finally, SEC ready to begin Oando audit

The Securities and Exchange Commission (SEC) says all is now set for the commencement of the long-awaited forensic audit of Oando PLC. The acting Director General of the Commission, Abdul Zubair , announced in Abuja on Tuesday that the two lawsuits filed by Oando PLC and some of it’s shareholders, which restrained the commencement of

BREAKING: Adeosun Suspends SEC DG, Two Others

Minister of Finance, Mrs Kemi Adeosun, has suspended the Director-General of the Securities and Exchange Commission (SEC), Mr Mounir  Gwarzo. Gwarzo is suspended in order to allow for an unhindered investigation of several allegations of financial impropriety leveled against him. This was contained in a statement signed by Deputy Director, Press, Federal Ministry of Finance, Patricia Deworitshe