NCC fine drags MTN to first interim loss

Africa’s biggest mobile phone operator MTN Group Ltd cut investor payouts by almost 50 per cent as it reported its first-ever half-yearly loss after taking a hit from a hefty regulatory fine in Nigeria. MTN agreed in June to pay a N330 billion fine in a settlement with the Federal Government for missing a deadline to cut off unregistered SIM cards More...

| Published 1 year ago
By hallmarknews On Monday, August 15th, 2016
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Market capitalisation of eight Nigerian firms on the LSE hits $6.535bn

Eight Nigerian companies that listed their shares on London Stock Exchange (LSE) are now worth about $7 billion. This companies which were able to meet the stringent listing conditions of the stock exchange which More...

By hallmarknews On Monday, August 15th, 2016
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NSE revises bond listing, trading fees

The Nigerian Stock Exchange (NSE or “The Exchange”) has announced the revision of the listing and trading fees for securities listed and traded on its Fixed Income Market. The revised fee structure which is More...

By hallmarknews On Monday, August 15th, 2016
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How to trade on penny stocks

Penny stocks are shares that trade at a very low price and they have very low market capitalisation. Penny stocks are mostly illiquid and often priced below N5.These stocks are very speculative in nature and are More...

By hallmarknews On Sunday, August 14th, 2016
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TUC to acquire majority shares in Unity Bank with N80bn

The Trade Union Congress (TUC) has concluded plans to acquire majority shares in Unity Bank subject to the approval of all the concerned authorities in the banking sector. TUC president, Mr Bobboi Kaigama told newsmen More...

By Vera Olubi On Friday, March 11th, 2016
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NSE market capitalisation rises by N22bn

NSE market capitalisation rises by N22bn Transactions on the Nigerian Stock Exchange (NSE) closed on Friday on a bullish note with market capitalisation appreciating marginally by N22 billion or 0.25 per cent. Transaction More...

By hallmarknews On Wednesday, January 20th, 2016
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Anxiety over investment options

OKEY ONYENWEAKU|     As the economy continues to spin out of control there is little to give investors confidence in its quick rebound and recovery, which is fueling pressure on the naira and sell offs in the More...

By hallmarknews On Friday, January 15th, 2016
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NSE loses $30bn to crude oil slide

Mr Oscar Onyema, Chief Executive Officer, Nigerian Stock Exchange (NSE), has said that the capital market lost over $30 billion in market capitalisation to global crude oil slide. Onyema, who spoke at the NSE 2015 More...

By hallmarknews On Tuesday, January 12th, 2016
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Capital Market: No prospects for short term rebound

OKEY ONYENWEAKU|      It is as if almost everybody knew that the Nigeria’s capital market was going to close in the negative. That was the consensus not only on Broadstreet, but also in corporate quarters. More...