By NGSE Media,
The Nigerian Stock Exchange “the Exchange” or “NGSE” today announced the migration of REITs and Closed End Funds (CEFs) to a separate board under Equities, effective December 17, 2018.
This follows an earlier notification made by The Exchange on a restructuring of the framework regarding the trading of Real Estate Investment Trusts (REITs) and Closed End Funds listed on its platform.
The migration of this asset class is aimed at promoting visibility and liquidity of listed REITs and CEFs in our market.
The Exchange remains committed to partnering with its issuers, investors and other capital market stakeholders, in providing a multi-asset platform that caters to different classes of investors.
By NGSE Media,
Full Suspension on the Ordinary Shares of C & I Leasing Plc
Further to our market bulletin ref NSE/RD/LRD/MB3/18/12/11, notifying Dealing Members of the proposed share consolidation of C & I Leasing Plc (C & I Leasing or the Company) on the basis of four (4) ordinary shares to one (1) new ordinary share of 50kobo each, please be informed that shares of C & I Leasing was suspended from trading on The Floor of The Exchange effective today, Thursday, 13 December 2018.
This is to enable the Company’s Registrars to update the register of shareholders for the planned share consolidation.
The consumer price index, (CPI) which measures inflation increased by 11.28 percent (year-on-year) in November 2018. This is 0.02 percent points higher than the rate recorded in October 2018 (11.26) percent.
Increases were recorded in all COICOP divisions that yielded the Headline index. On month-on-month basis, the Headline index increased by 0.80 percent in November 2018, up by 0.006 percent points from the rate recorded in October 2018 (0.74) percent.
The percentage change in the average composite CPI for the twelve months period ending November 2018 over the average of the CPI for the previous twelve months period was 12.41 percent, showing 0.37 percent point decline from 12.78 percent recorded in October 2018.
The urban inflation rate increased by 11.61 percent (year-on-year) in November 2018 from 11.64 percent recorded in October 2018, while the rural inflation rate increased by 10.99 percent in November 2018 from 10.93 percent in October 2018. On a month-on-month basis, the urban index rose by 0.83 percent in November 2018, up by 0.07 from 0.76 percent recorded in October 2018, while the rural index also rose by 0.78 percent in November 2018, down by 0.06 percent from the rate recorded in October 2018 (0.72) percent.
The corresponding twelve-month year-on-year average percentage change for the urban index was 12.83 percent in November 2018. This is less than 13.21 percent reported in October 2018, while the corresponding rural inflation rate in November 2018 was 12.05 percent compared to 12.42 percent recorded in October 2018.