Sector’s capitalisation dips by N6bn in one monthWorried about the free fall in the shares of insurance companies on the nation’s bourse, capital market investors have stressed the need for the industry regulator, and professional bodies to intensify efforts at mitigating the challenges causing the sub-optimal performance of the sector in Nigeria. The investors, who expressed dismay on the level at which their investment depreciates ...

After years of procrastinating, telecoms giant, MTN, plans to list its Nigerian unit worth $5.23billion by July, in a debut initial public offering (IPO) on the Lagos bourse, and will raise fresh funds to reduce debt, according to pre-IPO presentation seen by Reuters. MTN aims to raise at least $400million from the IPO to pay preference shareholders, and is preparing to file application to the Securities and Exchange Commission (SEC), to launch ...

Transactions on the equity sector of the Nigerian Stock Exchange (NSE), yesterday, re-opened in an upbeat note, as most bluechip stocks recorded price appreciation, causing market capitalisation to rise further by N229 billion. Specifically, at the close of trading, the All-Share Index increased by 637.7 points to 43,513.93 points from 42,876.23 points recorded on Friday. Also, the market capitalisation of listed equities improved by N229 ...