Nigerian stock market news

Here are some recent news and updates from the Nigerian Stock Market:

Market Performance

• The Nigerian Stock Exchange (NSE) All-Share Index (ASI) closed at 43,441.44 points on Friday, down 0.12% from the previous day's close.
• The market capitalization of the NSE decreased by N14.4 billion to close at N21.4 trillion.
• The top gainers on the NSE were:
  • Dangote Cement (DANGCEM) +2.4%
  • Guaranty Trust Bank (GTBank) +1.9%
  • Zenith Bank (ZENITHBANK) +1.8%
• The top losers on the NSE were:
  • Nigerian Breweries (NB) -2.1%
  • Unilever Nigeria (UNILEVER) -1.9%
  • Lafarge Africa (LAFARGE) -1.8%

Company News

• Dangote Cement has announced a dividend payout of N16.3 billion for the 2020 financial year.
• Guaranty Trust Bank has announced a dividend payout of N120 billion for the 2020 financial year.
• MTN Nigeria has announced a dividend payout of N120 billion for the 2020 financial year.
• Seplat Petroleum Development Company has announced a dividend payout of N10.4 billion for the 2020 financial year.

Regulatory News

• The Securities and Exchange Commission (SEC) has approved the merger between Access Bank and Diamond Bank.
• The SEC has also approved the acquisition of 100% stake in Union Bank by Atlas Mara.
• The NSE has introduced a new trading platform, the NSE Trading Platform, which is designed to improve trading efficiency and reduce costs.

Economic News

• The Nigerian economy grew by 2.27% in the fourth quarter of 2020, according to the National Bureau of Statistics (NBS).
• The inflation rate in Nigeria decreased to 15.4% in February 2021, according to the NBS.
• The Central Bank of Nigeria (CBN) has maintained the Monetary Policy Rate (MPR) at 11.5% to support economic growth.

Other News

• The NSE has partnered with the International Finance Corporation (IFC) to improve the efficiency of the Nigerian capital market.
• The NSE has also partnered with the African Development Bank (AfDB) to promote sustainable investing in Africa.
• The CBN has launched a new digital payment system, the Nigeria Inter-Bank Settlement System (NIBSS) Instant Payment (NIP) platform, to improve payment efficiency.

I hope this information is helpful.