The Nigerian Stock Exchange (NSE) has said investors in the Nigerian equities market and viewers of the Nigerian Television Authority (NTA) will now start seeing daily price information of listed companies on the various stations.
This was disclosed at the digital Closing Gong ceremony hosted on Wednesday, 17 February 2021.
Mr. Oscar N. Onyema, OON, the Chief Executive Officer, NSE, who spoke at the event said “At The Exchange, we remain committed to providing issuers with a platform that allows them to meet their strategic business objectives and one way of backing that commitment is making price information available across as many credible channels as possible. The NTA runs the largest television network in Nigeria with stations and network centres in almost every part of the country. We are, therefore, pleased to launch the broadcast of the NSE Daily Ticker Tape across the NTA network. This is part of our strategy to widen our domestic investor coverage, especially to retail domestic players who accounted for about 30% of equity transactions valued at N619 billion in 2020.”
On his part, the Director-General, NTA, Mallam Yakubu Ibn Mohammed commented, “On behalf of the Management and Staff of NTA, I appreciate the honour given to me to participate in the NSE’s digital Closing Gong Ceremony. It is noteworthy that the NTA has partnered with the capital market by providing uninterrupted dissemination of information to the public since the late 1980s. As the NSE supports listed companies through capital raising and investment, we have watched fortunes grow from 1961 till date. I would, therefore, like to congratulate the leadership of The Exchange for positioning it as the investment destination of choice, and pledge NTA’s continued coverage and commitment to the success of the activities of the NSE.”
This was coming after the Exchange upgraded its X-Data Portal to provide an efficient, user-friendly experience in accessing real-time, delayed, end of day and historical data for all financial instruments listed on the NSE.
This new development further complements the ongoing innovation and improvement being made by the NSE to provide capital market participants with more channels to access relevant market information.
Stanbic IBTC Holdings to Release Audited 2021 Half Results in August 2021
Stanbic IBTC Holdings Plc, one of the leading banks in Nigeria, on Wednesday announced its Board of Directors has decided to audit the Half Year Financial Results of the bank.
The bank announced in a statement signed by Chidi Okezie, Company Secretary.
According to the bank, the Audited Results for the Half Year Ended 30 June 2021 will be released not later than 29, August 2021 after the Central Bank of Nigeria has approved it.
The statement reads, “Having duly notified NGX RegCo of this development, the Management of Stanbic IBTC wishes to notify the investing public that the Company will aim to publish its 2021 Audited Half Year Results on or before 29 August 2021 in accordance with the extant Rules of NGX Regulation Limited as cited above.
“Thank you for your understanding. For any enquiry, please contact Chidi Okezie, Group Company Secretary – Email: firstname.lastname@example.org or Idris Toriola, Head Investor Relations – Email: email@example.com; Tel +234 422 8501”
Equities Market Closes in Red on Monday
The Nigerian Exchange Limited extended its bearish trend on Monday as several unclear economic policies continue to dictate market sentiment.
Investors traded 209,212,596 shares estimated at N1.763 billion during the trading hours of Monday.
Market value of listed equities dipped to N20.089 trillion on Monday, while the Nigerian Exchange Limited All-Share Index lost 0.27 percent 38545.30 index points.
Meyer Plc led gainers with 8.77 percent to close at N0.57 a share. This was followed by Champion Brew. Plc with 6.06 percent. See the details below.
|MEYER||N 0.57||N 0.62||0.05||8.77 %|
|CHAMPION||N 1.98||N 2.10||0.12||6.06 %|
|JBERGER||N 19.10||N 20.00||0.90||4.71 %|
|REGALINS||N 0.50||N 0.52||0.02||4.00 %|
|IKEJAHOTEL||N 0.94||N 0.97||0.03||3.19 %|
|FIDSON||N 5.10||N 4.60||-0.50||-9.80 %|
|LASACO||N 1.50||N 1.36||-0.14||-9.33 %|
|FTNCOCOA||N 0.33||N 0.30||-0.03||-9.09 %|
|MBENEFIT||N 0.45||N 0.41||-0.04||-8.89 %|
|CORNERST||N 0.58||N 0.55||-0.03||-5.17 %|
Presco Plc to Hold Emergency Meeting to Recommend Acquisition of Private Company to Shareholders
Presco Plc, an agro-industrial company, has notified shareholders of the company, the Nigerian Exchange Group and the investing public that the Board of Directors of Presco Plc will hold an emergency meeting on Thursday 24th June, 2021 to recommend for the shareholders to consider the acquisition of an existing private company through shares.
The existing private company, according to a statement signed by Patrick Uwadua Esq., Company Secretary, Presco Plc, is in the same line of business with Presco Plc.
Presco said once considered, a resolution will be passed at the company’s next General Meeting to authorise the acquisition of all the shares of the existing private company.
Meanwhile, the company commenced its closed period on today, Wednesday 16 June 2021 until 24 hours after the decisions taken at the Board Meeting are released to the public.
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