NSE joins WFE, IOSCO to ring bell for financial literacy

Amid Positive NGSE Outlook, Time For Short, Medium-term Positions

The Nigerian Stock Exchange (NSE) joined The World Federation of Exchanges (WFE) and International Organization of Securities Commissions (IOSCO) to Ring the Bell for Financial Literacy on Friday. The virtual event marked the end of the IOSCO World Investor Week celebrations at The Exchange. During the event, Ms. Toyin Sanni, the Chairperson, Financial Literacy Technical Committee of the Securities and Exchange Commission (SEC) and Group Chief Executive Officer, Emerging Africa Capital Group, was given the honour of sounding the digital Closing Gong. Speaking at the ceremony, Ms. Sanni stated, “It…

Read more

Nigerian bourse shed N68bn on Friday as GTBank leads losers

Nigerian bourse shed N68bn on Friday as GTBank leads losers

The bears maintained dominance on the Nigerian Stock Exchange on Friday with the market capitalisation declining further by N68 billion. Market cap closed at N14.852 as against the opening value of N14.920 trillion. Also, All-Share Index (ASI) which opened at 28,546.22 lost 130.91 points or 0.46 per cent to close at 28,415.31 basis points. Guaranty Trust Bank topped the losers’ chart, dropping by N1.60 to close at N30.40 per share. Dangote Cement trailed with 50k to close at N150, while PZ was down by 40k to close at N4.10 per…

Read more

ThingsToKnow: ‘CLOSE PERIOD’ in the stock market

ThingsToKnow: ‘CLOSE PERIOD’ in the stock market

The close period (or closed period) is the time between the completion of a listed company’s financial results and the announcing of these results to the public. The close period is typically regarded as the one-month period preceding the release of a company’s quarterly results, and the two-month period before the release of its annual results. The close period differs from a quiet period, where companies are required to embargo any public promotions before an initial public offering (IPO) is made. Key Takeaways The close period, in accounting, is the time span covering…

Read more

ACI World, IATA in joint push for globally consistent approach to testing

ACI World, IATA in joint push for globally consistent approach to testin

Airports Council International (ACI) World and the International Air Transport Association (IATA) have made a joint call for a globally-consistent approach to testing international passengers as an alternative to quarantine measures. The global shut down of air transport as a result of COVID-19 travel restrictions has had a catastrophic impact on employment. Some 4.8 million industry jobs have been lost or are under threat. Governments must cooperate to remove quarantine restrictions and restart air travel, the duo demanded, adding: “A systematic approach to COVID-19 testing will provide an effective way…

Read more