Economy
NSE Market Data Workshop Holds October 4 in Lagos
By Modupe Gbadeyanka
The second edition of the Nigerian Stock Exchange (NSE) Market Data Workshop has been fixed for Wednesday, October 4, 2017, at the Civic Centre, Victoria Island, Lagos.
The event is in partnership with Thomson Reuters and other capital market participants and it is themed ‘Market Data: The bedrock of wealth creation.’
The programme will bring together investors, market data aggregators, exchanges, market regulators, government agencies, broker dealers and capital market stakeholders and will create a convergence of informed and educated players in the capital market.
The underlying objective of the workshop is to increase awareness on the critical role of Market Data as a fundamental pillar for wealth creation while leveraging on strategic synergies and technologies to drive market participation.
Some of the confirmed speakers for the event include: Mr Mounir Gwarzo – DG, Securities and Exchange Commission; Mr Bismarck Rewane – Managing Director, Financial Derivatives Company Limited; Mr Ekow Afedzie – Deputy Managing Director, Ghana Stock Exchange; Mr Euvin Naidoo- Head of Financial Institutions for Africa- Thomson Reuters; Mrs Titi Odunfa Adeoye- Founder and Managing Director of Sankore Investments and others.
Interested participants have been advised to register on www.nse.com.ng/mdw2017.
The one-day event which is an exhibition style workshop will feature presentations and panel discussions from thought leaders within the industry.
The 2017 agenda will address market-data related challenges and present opportunities to learn new methods of gaining business insight and making informed investment decisions.
It will also bring together other African Exchanges and members of the Media to explore new and innovative ways of collaborating together and disseminating market information that will sustain and enhance an informed investor community.
This year’s edition of the NSE Market Data Workshop is sponsored by Thomson Reuters, Sankore Investments, Elev8Media, ARM Securities, Infoware, Unilever Nigeria Plc, Zanibal Solutions, ZagTrader, Globaltrybe, NTEL.
According to the Executive Director, Market Operations and Technology, NSE, Mr Ade Bajomo, “The conference brings to fore the critical application of market data in making sound investment decisions whilst highlighting the various data products available in the Nigerian marketplace, thereby allowing investors to maximize their wealth creation opportunities. This is a must attend event for all market participants”.
Sneha Shah, Managing Director, Africa, Thomson Reuters, said: “We are delighted to conduct a market data workshop in partnership with the Nigerian Stock Exchange on October 4th, 2017. This collaboration confirms our long-term vision to contribute to the growth of local markets through enhancing transparency, offering quality content, helping companies operate efficiently, and providing professionals with the intelligence to make informed business decisions across the continent”.
“Globally and across African markets, we have seen a huge increase in electronification, a proliferation of market data, and a significant move towards managed services and cloud. With over 150 years of innovating in Africa, Thomson Reuters is constantly adapting and adding value to clients in a changing financial market”, Shah concluded.
Mr Ade Ewuosho, Head of Market Services Department, NSE said, “While the global trend in the use of data has seen tremendous increase, it is noteworthy to say that Market Data will remain the bedrock of wealth creation. The conference aims to showcase the different information channels available to the investing public whilst leveraging on innovative technologies to disseminate Market Data”.
Economy
BNB Price Reflects Changing Dynamics in the Digital Asset Market
Economy
NASD Unlisted Security Index Crosses 4,000-point Benchmark Again
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange achieved a milestone on Friday, April 24, 2026, after five securities on the platform helped with a 1.85 per cent growth.
Data showed that the NASD Unlisted Security Index (NSI) again crossed the 4,000-point benchmark yesterday.
The index chalked up 73.64 points during the trading day to close at 4,052.59 points compared with the preceding session’s 3,978.95 points, while the market capitalisation added N5.38 billion to finish at N2.424 trillion versus Thursday’s closing value of N2.380 trillion.
The price gainers were led by Okitipupa Plc, which grew by N25.00 to sell at N305.00 per share compared with the previous price of N280.00 per share. Central Securities Clearing System (CSCS) Plc gained N6.92 to close at N76.26 per unit versus N69.34 per unit, Afriland Properties Plc appreciated by N1.00 to N17.00 per share from N18.00 per share, FrieslandCampina Wamco Nigeria Plc improved by 55 Kobo to N99.55 per unit from N99.00 per unit, and Food Concepts Plc increased by 5 Kobo to N2.70 per share from N2.65 per share.
However, there was a price loser, MRS Oil, which dipped by N21.75 to N195.75 per unit from N217.50 per unit.
During the final session of the week, the value of securities jumped 75.2 per cent to N41.3 million from N23.6 million units, and the number of deals expanded by 62.9 per cent to 44 deals from 27 deals, while the volume of securities declined marginally by 0.9 per cent to 447,403 units from 451,522 units.
At the close of trades, Great Nigeria Insurance (GNI) Plc was the most traded stock by volume (year-to-date) with 3.4 billion units worth N8.4 billion, trailed by Resourcery Plc with 1.1 billion units valued at N415.7 million, and Infrastructure Guarantee Credit Plc with 400 million units traded for N1.2 billion.
GNI was also the most active stock by value (year-to-date) with 3.4 billion units sold for N8.4 billion, followed by CSCS Plc with 59.6 million units transacted for N4.0 billion, and Okitipupa Plc with 27.8 million units exchanged for N1.9 billion.
Economy
Naira Slips to N1,358/$1 as FX Reserves, Policy Uncertainty Concerns
By Adedapo Adesanya
It was not a good day for the Nigerian Naira in the currency market on Friday, April 24, as its value depreciated against the major foreign currencies at the close of transactions.
In the Nigerian Autonomous Foreign Exchange Market (NAFEX), it lost N4.53 or 0.33 per cent against the United States Dollar yesterday to trade at N1,358.44/$1, in contrast to the N1,353.91/$1 it was exchanged on Thursday.
Equally, the domestic currency slipped against the Pound Sterling in the official market during the session by N8.14 to close at N1,834.02/£1, compared with the previous rate of N1,825.88/£1 and dropped N8.01 against the Euro to sell at N1,590.73/€1 versus N1,582.72/€1.
Also, the Naira depreciated against the US Dollar at the GTBank FX desk on Friday by N4 to quote at N1,370/$1 compared with the previous session’s N1,366/$1, and at the parallel market, it depleted by N5 to settle at N1,380/$1 versus the preceding day’s N1,375/$1.
Data published by the Central Bank of Nigeria (CBN) indicated that NFEM interbank turnover surged to N43.562 million across 68 deals, up from N28.117 million the previous day.
Despite the CBN’s reassurance that the recent drop in external reserves is not worrisome, the market remains unsettled by persistent concerns over liquidity constraints, policy transparency, and weakening confidence in Nigeria’s FX market as gross reserves continue to decline to $48.4 billion.
The outlook for the Dollar appears supported by broader macro risks, including elevated oil prices tied to the tanker traffic disruptions in the Strait of Hormuz and a continued US-Iran standoff over ceasefire negotiations.
A look at the digital currency market showed that investors are sitting on the edge as the US Dollar rebounded amid geopolitical and inflation risks despite continued inflows into US spot bitcoin Exchange Traded Funds (ETFs).
Solana (SOL) rose by 1.2 per cent to sell $86.45, Cardano (ADA) appreciated by 1.1 per cent to $0.2517, Dogecoin (DOGE) grew by 0.9 per cent to $0.0989, Ripple (XRP) improved by 0.3 per cent to $1.43, Ethereum (ETH) soared by 0.2 per cent to $2,316.83, and Binance Coin (BNB) chalked up 0.1 per cent to sell for $637.44.
However, TRON (TRX) depreciated by 1.3 per cent to $0.3235, and Bitcoin (BTC) lost 0.2 per cent to close at $77,562.27, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) closed flat at $1.00 each.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn
