Capital Market

Aigboje bows out as NSE’S council president today

Ihesiulo Grace 25 September 2017 0

President, Council of the Nigerian Stock Exchange, Mr. Aigboje Aig-Imokhuede, will today, Monday, 25th September, 2017, perform his last function as the president of the council, following termination of his second tenure in office. The event is the NSE’s 56th Annual General Meeting, while is

Capital Market

NSE partners Ciuci on NiBC10 launch

Ihesiulo Grace 22 September 2017 0

The Nigerian Stock Exchange (NSE), and Ciuci (pronounced see-you-see) Consulting, a leading strategy and consumer intelligence company have entered into partnership for the launch of the Nigeria Business Composite 10 (NiBC 10). The launch will take place on Tuesday, September 26, 2017, at the Stock Exchange House, Lagos. The NIBC 10 is a selection of […]

Capital Market

Afreximbank admits Comoros, as Chad, S’ Sudan conclude ratification

Ihesiulo Grace 22 September 2017 0

The continental multilateral trade finance institution, Afreximbank has continued to expand its reach across the African continent, with the latest admission of Comoros Island as a participating state. A statement by the bank, and made available to The Daily Times Nigeria, disclosed that Comoros activated its membership as Afreximbank’s 46th participating state on 12

Capital Market

Long-term investment depends on govt policies-Chellarams

Ihesiulo Grace 22 September 2017 0

The Managing Director of Chellarams Plc, Chief Suresh Chellaram, has tasked the Federal Government on long- term and consistent policies that will aid the business growth for both the company and the economy. Speaking after the closing gong ceremony on Wednesday, held in commemoration of the recent joint venture embarked on with the world’s 7th […]

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NSE showcase ten successful Nigerian businesses

Ihesiulo Grace 22 September 2017 0

The Acting Head, Corporate Services of the Nigerian Stock Exchange (NSE), Pai Gamde has said the NSE’s partnership with a leading Strategy and Consumer Intelligence Company Ciuci (pronounced see-you-see) Consulting, to launch the NiBC 10 initiative will help advance the development of SMEs in the country. According to Pai, the NSE’s decision is in alignment […]

Capital Market

Stock Market rebounds by 1.04%, as investors gain N125bn

Ihesiulo Grace 21 September 2017 0

Nigeria’s stock market rebounded from a three-day relapse by 1.04 per cent on Wednesday, as the All- Share Index (ASI) reclaimed the 35,000 benchmark to close at 35,207.89 points. The total value of all quoted companies measured as the market capitalisation also increased by N125 billion to close at N12.137 trillion, just as the average […]

Capital Market

NSE listing, transaction fees decline by 41%, 37% respectively

Ihesiulo Grace 21 September 2017 0

The Nigerian Stock Exchange (NSE) in its 2016 audited financial statement rereleased recently showed a decline in key performance indices, which conforms with state of the nation’s economy. This was coming as cross section of market stakeholders have tipped demutualization of the exchange, and the emergence of new council president , as major issues to […]

Capital Market

Partnership Security: Stakeholders laud life ban, seek jail, restitution

Ihesiulo Grace 21 September 2017 0

Stakeholders of the Nigerian capital market have lauded the recent life ban place on Chief Executive officer, Partnership Securities Limited, Mr. Victor Ogiemwonyi, but insisted that only jail and restitution would ease the traumas the victims had gone through. Speaking to Daily Times Nigeria shortly after the Securities and Exchange Commission (SEC) announced the

Capital Market

Afreximbank grants Eur 50m facility to Loukil Group in 1ST Tunisian intervention

Ihesiulo Grace 21 September 2017 0

The African Export-Import Bank (Afreximbank) has initiated its first–ever intervention in Tunisia with a 50-million Euro Global Trade Facility in favor of Loukil Group of Tunisia. The signing of the agreement for the global trade facility took place on 25 August, while the issuance of the first guarantee under the facility occurred in Cairo on […]

Capital Market

ARMS Securirties urges investors to utilise FG’s savings’ bonds

Ihesiulo Grace 14 September 2017 0

Arm Securities Limited has urged investors to take advantage of Federal Government’s ongoing auction of savings’ bonds to reap from the mouth-watering earning opportunities that the debt instrument provides. The company reminded investors of the Federal Government’s Treasury Bill’s auction on Wednesday September 13th, 2017; and the savings’ bonds, which

Capital Market

Manufacturers: Unfavourable exchange rates counterproductive….NO1Polls

Ihesiulo Grace 13 September 2017 0

identifies worsening business environment Nigeria’s prime economic development survey, NO1Polls has identified that unprofitable exchange rates has remained inimical to the evolution of the nation’s manufacturing sector. In its recent poll: “The 2017 Manufacturing Sector Survey conducted by NOIPolls and CSEA, It was pointed that unfavourable foreign exchange rates, which

Capital Market

SEC cautions Registrars over late dividends’ payment

Ihesiulo Grace 13 September 2017 0

Reduces over N103bn unclaimed dividend The Securities and Exchange Commission (SEC), has urged registrars in the capital market to ensure that complaints by investors of dividend payment’s denial or delay is checked forthwith by removing all bottlenecks to timely dividend payment. Making the assertion on Tuesday at the Nigerian Stock Exchange’s- organized

Capital Market

Afreximbank seeks $100m of $300m D.Receipt from Kenya

Ihesiulo Grace 11 September 2017 0

In a bid to attract the Kenyan investors to its ongoing Depository Receipt targeting $300 million, the African Export-Import Bank recently treated leading Kenyan investors to a breakfast meeting to present its equity offering. The offering is aimed at raising between $100m and $300m through the issuance of Depositary Receipts backed by its Class “D” […]

Capital Market

Stanbic H2 lowering risks appetite, opex, lift earnings

Ihesiulo Grace 7 September 2017 0

The ability of management of Stanbic IBTC Holdings (SIBTCH) Plc to curb its risk appetite by lowering provisioning and operating expenses, has triggered buoyant market sentiment by cross- section of investment analysts and investors. Investment Analysts Company, reacting to SIBTCH’s positioning to record rewarding Q4 2017 result, in its recent report, raised its price

Capital Market

RenCap raises to 0.7% Nigeria’s DGP growth forecast

Ihesiulo Grace 7 September 2017 0

Following the NBS report that Nigeria has navigated itself out of recession, investment outfits have continue to take fresh look into projected growth of the nation’s economy in 2017. One of such outfits, Renaissance Capital, has raised its forecast Gross Domestic Product growth for the economy to 0.7 per cent from earlier 0.5 per cent […]

Capital Market

Guinness Nigeria, recovers loss position as PAT peaks @ N5.bn

Ihesiulo Grace 6 September 2017 0

Guinness Nigeria has demonstrated commitment to reward investors for their loyalty with improved performance expected to close its current financial year on positive note, and open first quarter on hyper performance level. This was revealed in the company’s fourth quarter result for the period ended 30th June 2017, released by the Nigerian Stock Exchange (NSE), […]

Capital Market

Summit targets better earnings via innovation in economic ecosystems

Ihesiulo Grace 5 September 2017 0

A summit on technological innovation, “Nigeria’s Innovation summit 2017,” has been billed to trigger growth in the country’s production and services delivery with amplified innovative inputs. The two-day event, themed: ““Transforming Nigeria‘s Economy Through Technology, Innovation and Entrepreneurship,” is scheduled in Lagos, commencing on September 7th, with expectation

Capital Market

Investment One stockbrokers calls for bids for 7th FSB

Ihesiulo Grace 5 September 2017 0

.As the Federal Government’s of Nigeria (FGN) savings’ bond(FSB) series 7 opens for subscription on Tuesday September 5th , 2017, Investment One stockbroker have called for applications from prospective investors Federal saving bonds (FSB) are debt instruments offered by government with the aim of mobilizing resources from the general public. FGN, through the FSB, is

Capital Market

How C & I Leasing emerged NSE’s best performing stock in August

Ihesiulo Grace 5 September 2017 0

Morison, Betaglass, Mobil worst performing, as 93 stocks remain at par Three days after celebrating the acquisition of an 80-tonne vessel, C & I Leasing Plc, the foremost brand for finance leases, and other ancillary services in Nigeria, emerged the best performing stock amongst 171 stocks traded on the Nigerian Stock Exchange in the month […]

Capital Market

Stock market declines 0.95% in August

Ihesiulo Grace 4 September 2017 0

 May rebound this week Trading activities on the Nigerian Stock Exchange, NSE, will resume tomorrow (Tuesday), as the country observes a national public holiday in commemoration of the Eid-el Kabir Muslim Festival. However, analysis of equities market performance in the week ended Thursday, August 31st, 2017, showed repressed figures, as profit taking by investors drove