Capital Market

BioEnergy secures $250m from global emerging markets

DailyTimesNGR DailyTimesNGR 15 October 2023 0

By Godwin Anyebe SGP BioEnergy has announced a US$250 million equity commitment from Global Emerging Markets (GEM), a European private alternative investment group, to support the development of the Golden City Biorefinery in Colon, Panama and lay the groundwork for SGP’s transformative

Capital Market

Emerging market debt is more than sovereign debt

DailyTimesNGR DailyTimesNGR 25 September 2023 0

By Godwin Anyebe The emerging market debt asset class is worth around $26.3trillion overall and spans numerous mostly developing countries, thousands of issuers, and a wide range of sectors. The asset class has significantly matured over the past two decades and is no longer a play on commodities; it is today a broader, more diversified, […]

Capital Market

$3tr needed to address development goals, climate change

DailyTimesNGR DailyTimesNGR 25 September 2023 0

By Godwin Anyebe The International Monetary Fund (IMF) has said that developing economies and emerging markets, including Nigeria, would need a whopping $3 trillion every year for the next six years (2030) to address their development goals and the climate change obligations. It said that amount would be equivalent of about seven per cent of […]

Capital Market

How green bonds can drive EM renewables adoption

Ihesiulo Grace 27 August 2023 0

Bonds, In the global race to embrace renewable energy, western economies, are leading. While emerging markets many of which are big polluters are lagging. One reason is that some developing economies lack adequate access to capital to finance renewable energy ambitions. Green bonds are changing that and the asset class is accessible via the VanEck […]

Capital Market

Enlarged BRICS to benefit more, over time from global investment flows

Ihesiulo Grace 27 August 2023 0

By Godwin Anyebe The addition of six members to BRICS was political development that could lay the foundation of much higher investment between the countries over time, market analysts said recently. Saudi Arabia, Iran, Ethiopia, Egypt, Argentina and the UAE were invited by the leaders of Brazil, Russia, India and China, at the BRICS Summit […]

Capital Market

Interest rates in emerging markets start to diverge, says Fitch

Ihesiulo Grace 27 August 2023 0

By Godwin Anyebe The direction of policy interest rates in emerging markets has begun to diverge, Fitch Ratings said in a report late Thursday. The majority of central banks in emerging markets are either keeping interest rates on hold, while some are starting to cut rates, it said. “Policy rates look to be on hold […]

Capital Market

Investors gain ₦708.18bn as market capitalisation passes ₦15trn mark

Ihesiulo Grace 7 October 2020 0

By Motolani Oseni The key market indices of the Nigerian Stock Exchange (NSE) on Tuesday rallied to an all-time high, appreciating by 4.92 per cent. Specifically, the market capitalisation which opened at ₦14.402 trillion rose by ₦949 billion to close at ₦15.110 trillion. Also, the All Share Index rose by 1,354.88 or 4.92 per cent […]

Capital Market

Trading remains upbeat on NSE, index up by 1.28%

Ihesiulo Grace 26 September 2020 0

Activities on the Nigerian Stock Exchange (NSE) on Friday remained upbeat for the fifth consecutive day, with the All-Share Index growing by 1.28 per cent to cross the 26,000 mark. The index rose by 332.20 points or 1.28 per cent to close at 26,319.34, compared with 25,987.14 recorded on Thursday. In the same vein, the […]

Business Capital Market Capital Market Economy

FG to auction N150bn bonds next week -DMO

Ihesiulo Grace 18 September 2019 0

Temitope Adebayo The Debt Management Office (DMO) has disclosed that the Federal Government has offered for subscription by auction N150 billion worth of bonds in its Sept. 25 auction. The Debt office in offer circular obtained from its website on Tuesday, stated that it would sell N45 billion of a five-year re-opening issue maturing in […]

Banking Business Capital Market Capital Market

NSE ready to launch X-Mobile to boost investors participation

Ihesiulo Grace 11 September 2019 0

Temitope Adebayo The Nigerian Stock Exchange (The NSE or The Exchange) is set to launch X-Mobile, a dynamic and the user-friendly mobile app, to enhance investors’ participation in the Nigerian capital market. The NSE mobile app which is currently in its Beta state will be launched at the 2019 NSE Market Data Workshop taking place […]

Business Capital Market Capital Market News

Equities market continues bearish trend, dips N28bn

Ihesiulo Grace 10 September 2019 0

Motolani Oseni Due to persistent sell pressure, equities market of the Nigerian Stock Exchange (NSE) continued its bearish movement to lose N28billion at the close of Monday trading activities. The stock market benchmark index, NSE All Share Index (ASI) dropped by 56.73 basis points or 1.25 per cent close the week at 28,847.81 basis points […]

Brands and Marketing Business Capital Market Capital Market News

Expert charges EXMAN on transparency, integrity in practice

Ihesiulo Grace 10 September 2019 0

Godwin Anyebe Chief Operating Officer and Lead Consultant, Aster Integrated Marketing Limited, Tolulope Medebem has admonished the leadership of Experiential Marketing Association of Nigeria (EXMAN) on the need to put in place regulatory mechanism that would ensure that transparency and integrity challenges in the industry were nipped in the bud. Speaking in Lagos

Banking Business Capital Market Capital Market

Entrepreneurs lament impact of insecurity on investments

Ihesiulo Grace 3 September 2019 0

Jide Oke – Osogbo Small and Medium Scale entrepreneurs operating in Nigeria have warned that the security situation in the country has reached a global and disturbing dimension with implications on the investment environment, saying that there exists a declining investors’ confidence across the broad spectrum of domestic and foreign prospective investors in the

Banking Business Capital Market Capital Market

NSE records N19bn gain on first trading day in September

Ihesiulo Grace 3 September 2019 0

Motolani Oseni The equities market segment of the Nigerian Stock Exchange (NSE) commenced trading in September on positive note with a marginal growth of 0.14 per cent, which translated to investors’ gain of N19 billion. Specifically, the All Share Index (ASI) rose by 39.28 points or 0.14 per cent to 27,565.09 points. Accordingly, investors gained […]

Banking Business Capital Market Capital Market

SEC urges shareholders of defunct Afribank to claim their dividends

Ihesiulo Grace 3 September 2019 0

Motolani Oseni The Securities and Exchange Commission (SEC) has asked shareholders of the defunct Afribank Plc to claim their dividends. SEC said this is part of its investor protection programme. It said it was also to ensure that shareholders get the benefits of investing in the capital market. Mary Uduk, the commission’s acting DG, said, […]

Business Capital Market Capital Market News

Equities market lose N89bn over profit-taking

Ihesiulo Grace 30 August 2019 0

Temitope Adebayo The Nigerian Stock Exchange equities market segment on Thursday reverted the gains in the previous trading session, following the All-Share Index (ASI) declined by 0.66 per cent on losses in Dangote Cement, MTN Nigeria, 12 other stocks. The All Share Index fell by 181.45 basis points or 0.66 per cent to 27,425.57 basis […]

Business Capital Market Capital Market News

NSE to host 4th edition of equities market data workshop

Ihesiulo Grace 28 August 2019 0

Motolani Oseni The Nigerian Stock Exchange (NSE) is set to host the 4th edition of the NSE Market Data Workshop. The event is scheduled to hold on Wednesday, September 11, 2019, at the Harbour Point, 4 Wilmot Close, Victoria Island, Lagos. With the theme, “Partnerships, Products and the Customer”, the 2019 NSE Market Data Workshop […]

Business Capital Market Capital Market News

FDI remains a crucial between large and small enterprises, says Adebayo

Ihesiulo Grace 27 August 2019 0

Joy Obakeye The Ministry of Industry, Trade and Investment, hopes to attract Foreign Direct Investments (FDIs) into the country by stimulating business linkages between large and small enterprises. This is according to its minister, Mr Adeniyi Adebayo, who explained that a combination of advisory (policy oriented) and technical assistance (action oriented) services in the

Agriculture Banking Business Capital Market Capital Market

Forex restriction: Agriculture sector can provide 50 million jobs – NASME

Ihesiulo Grace 20 August 2019 0

The Nigerian Association of Small and Medium Enterprises (NASME) has stated that the agriculture value chain can provide over 50 million jobs if the Federal Government stops forex restriction as well as place an outright ban on food import. The Chairman of Agricultural Group of NASME, Lagos Chapter, Adam Adebayo made this suggestion in Lagos […]

Business Capital Market Capital Market

NSE –ASI drops by 0.11% over investors sustained sell-offs

Ihesiulo Grace 16 August 2019 0

Motolani Oseni The equities market closed on Thursday trading session on a negative note, as the Nigerian Stock Exchange, All-Share Index (NSE-ASI) slumped by 0.11 per cent on persistent sell-offs. The NSE-ASI fell by 30.18 basis points or 0.11 per cent to 27,052.93 basis points from 27,083.11basis points Accordingly, investors lost N15 billion in value […]