The Nse launched the Growth Enterprise Market Segment in January 2013 in order to allow small and medium sized firms to raise capital, while benefiting from increased profile and liquidity within a regulated environment.
By Peter Egwuatu The bullish streak on the Nigerian Stock Exchange, Nse Continued Wednesday as the equity market performed positively, rising 0.5 percent to close at 30,878.56 points following gains in banking stocks.
- Deacons was placed under receivership in November 2018 - The retailer was also suspended from Nairobi Securities Exchange due to huge debts - Peter Kahi and Atul Shah of PKF Consulting were appointed as the retailer's administrators - The administrators came up with a proposal on how to turn around fortunes of the iconic brand - The proposal includes downsizing workforce and shutting down loss-making subsidiaries Fashion retailer Deacon East Africa has resorted to downsizing as part of its turnaround plan in desperate efforts to pull itself out of a financial turmoil that saw it suspended from Nse and placed under receivership in November 2018.
The firm which is also listed at the Nairobi Securities Exchange (Nse) will be seeking to accelerate growth from its Sanlam General Insurance and Sanlam Life Insurance subsidiaries by leveraging on local, regional, continental and multinational opportunities.
The remaining 25 per cent shares are owned by retail investors through the Nse.
The Nigerian Stock Exchange (Nse), and Afrinvest Securities Limited (ASL), a leading capital market research and securities execution platform, announced the launch of the Nse-Afrinvest Banking Value Index (Nse-Afr BVI), and the Nse-Afrinvest High Dividend Yield Index (Nse-Afr HDYI), designed to optimise investors returns through measurement of stocks value .
The Minister of Environment, Suleiman Hassan Zama, yesterday, disclosed this at a workshop organised by Climate Finance Accelerator held at the Lagos floor of the Nigerian Stock Exchange, Nse.
- The law was introduced under the Companies Act 2015 - The regulator advised that it be amended to block companies from buying back their shares - There were concerns the law could reduce activities on the Nairobi Securities Exchange (Nse) The government has changed its position on legislation allowing companies with capital to buy back shares they had sold saying the four-year-old law is likely to affect the Nairobi Securities Exchange (Nse) negatively.
Specifically, the benchmark index, Nse Index rose marginally, by 0.01 percent, to close at 30,736.88 points.
The Chief Executive Officer of the Nigerian Stock Exchange (Nse), Oscar Onyema has called on African businesses to embrace higher governance standards to facilitate the inflow of funds needed to position the continent to leverage gains of the Fourth Industrial Revolution (4IR).