Against the backdrop of the economic recession in the country, Afprint Nigeria Plc has commenced the process of delisting its shares on the Nigerian Stock Exchange (NSE), just as it promised to pay off its shareholders.
LONDON Stock Exchange-listed investment firm, LonZim has raised £1,17 million after issuing new ordinary shares, which will be used to help recapitalise its subsidiaries.
ZIMBABWE Stock Exchange market capitalisation shot to US$3,7 billion as at 30 November 2009 registering a 200 percent growth compared to US$1,6 billion recorded in March.
Sub-saharan African markets are attracting interest from foreign fund managers seeking to diversify risks in their global portfolio. André DeSimone, executive director at Kestrel Capital tells us why Africa's stock markets continue to perform remarkably well despite their small size and low liquidity.
Nib International Bank S.C. disclosed that despite the global and domestic challenges faced by businesses it has performed "quite well" in all aspects of its operation recording a 219.8 million Br gross profit.
TEDCO Limited has asked its shareholders to approve or reject its acquisition of the entire issued share capital of TN Financial Holdings Limited (TNFH) in a deal that will result in TNFH's reverse takeover of the furniture manufacturer. By virtue of TNFH shareholders having a controlling shareholding in the new company it means they can call the shots and hence the change of the name of the ...
Transaction on the equity sector of the Nigerian Stock Exchange continued in an upward trend when the market opened for the week, yesterday.
Not satisfied with the treatment of the Nigerian stock market operators as sacred cows in the country's recent financial crisis, Governor of the Central Bank of Nigeria (CBN), Lamido Sanusi, Friday in Abuja called for the extension of the on-going investigation of the banking sector to the stock market
A giant stride was taken yesterday towards the integration of West African capital markets, following the signing of a Memorandum of Understanding (MoU) by various country exchanges.
Today no transactions were recorded on the Rwanda OTC market. The KCB shares remained at Rwf 160. At the end of the session, 8,515 shares were on offer and no buyers.
The Benue State House of Assembly at the end of its sitting weekend, summoned the Chairman of the Dangote Group, and President of the Nigeria Stock Exchange, Alhaji Aliko Dangote to explain alleged questionable transfer of ownership of the Benue Cement Company BCC to the Dangote conglomerate.
Scangroup Ltd could extend its dominance in the media buying and public relations market in East Africa by acquiring a stake in one of its key rivals.
Fitch, an international rating agency, has affirmed Stanbic IBTC Bank Plc.'s national long and short-term ratings at 'AAA(nga)' and 'F1+(nga)', respectively.
MOST stockbrokers are reeling under financial distress owing to the limited number of deals they are handling on the stock market.
Senate President, Senator David Mark weekend reviewed the crisis in the nation's stock market and called on the African Securities Exchange Association (ASEA) to formulate a blueprint that would put the sector back on the path of recovery and growth.
Investors' last minute preference for banking stocks last week boosted the weekly cumulative performance of the sector's market index by three percent.
Investors' agony on the Nigerian Stock Exchange (NSE) was relieved, last week, as the value of listed equities closed the week on a bullish note, appreciating by N37.26 billion.
The recent intervention in the banking sector by the Central Bank of Nigeria (CBN) should be seen as a proactive measure to instil public confidence in the system and a similar thing should be done in the capital market, CBN Governor Sanusi Lamido Sanusi said in Abuja yesterday. He spoke at the opening of the 13th African Securities Exchange Association (ASEA) conference.
Director-General of the Nigerian Stock Exchange (NSE), Prof. Ndi Okereke-Onyiuke, yesterday promised to waive listing fees for downstream oil companies, major telecommunications companies and other major government organisations, as a way of encouraging them to list on the NSE.
Transactions at the Nigerian Stock Exchange (NSE) yesterday saw investors' wealth rising by N38 billion, occasioned by gains in 24 companies.
THE New Vision made a slight gain at the Uganda Securities Exchange on Tuesday, trading 4,065 shares worth sh1.8m in turnover.
SMALL and medium enterprises now have a way to raise long-term capital to boost their businesses following the relaxation of listing rules by the Uganda Securities Exchange (USE).
TRADING on the Zimbabwe Stock Exchange continued with its upward trend on Tuesday, consolidating Monday's gains as heavyweight counters gave impetus to the market.
Investors' woes heightened, Tuesday, as the value of their investments on the Nigerian Stock Exchange (NSE) dipped further by N45.84 billion.
Tanzania recorded a surplus of $620.4 million (Sh825.1 billion) in its balance of payments in the year ending September from a deficit of $115.1 million (Sh153 billion) during the same period in 2008.
