Capital Market

FMDQ admits pioneer federal government of Nigeria roads Sukuk

Ihesiulo Grace 15 April 2018 0

The Federal Government of Nigeria (FGN), through the ministry of finance and the Debt Management Office (DMO), again demonstrated its unrelenting commitment to the development of Nigeria’s infrastructure sectors via the Nigerian debt capital markets, by listing the first sovereign Sukuk in the

Capital Market

Seplat refinances US$300m revolving credit facility

Ihesiulo Grace 18 March 2018 0

Seplat Petroleum Development Company Plc, has announced that it has successfully refinanced its existing US$300 million revolving credit facility due December 2018 with a new four year US$300 million revolving credit facility due June 2022 (the “RCF”). The company’s Chief Financial Officer, Mr. Roger Brown announced this in signed publication by the NSE noted that […]

Capital Market

Seplat announces pricing of $350m on 9.25% bond offering due 2023

Ihesiulo Grace 18 March 2018 0

Seplat Petroleum Development Company Plc, a leading Nigerian indigenous oil and gas company listed on both the Nigeria Stock Exchange (NSE) and London Stock Exchange (LSE), on Tuesday, announced that it has priced its offering of $350 million in aggregate principal amount of 9.25 per cent senior notes due 2023. The Notes, Seplat revealed will […]

Capital Market

Oando extends closed period, bars insiders from transacting in own shares

Ihesiulo Grace 18 March 2018 0

Oando Nigeria plc has announced the extension of its closed period, until 24 hours following the release to the Nigerian Stock Exchange (NSE), its 2017 audited result Oando’s Chief Compliance Officer & Company Secretary, Ayotola Jagun in a signed statement said that the extension was in compliance with the NSE’s Rule Book and the Amendments […]

Capital Market

Diamond Bank partners EDC on women’s advancement

Ihesiulo Grace 18 March 2018 0

Diamond Bank Nigeria Plc has sustained its commitment for women’s advancement engendering economic development. This was further re-echoed in its partnership with the Enterprise Development Centre (EDC) of the Pan Atlantic University, Lagos in celebration of the international women’s day The bank, at the gathering of influential female thought leaders held at the

Capital Market

AfDB Governors articulate ways to arrest challenges of Africa’s population explosion

Ihesiulo Grace 18 March 2018 0

The African Development Bank (AfDB) and its East and North African Governors have stressed the need for urgent measures to match the continent’s growing population and youth unemployment, which they likened to a “ticking time bomb.” Africa is projected to have over 840 million youth by 2050 with the continent having the youngest population on […]

Capital Market Capital Market

Med-View grows FY’17 profit by 62% declares 30k dividend

Ihesiulo Grace 11 March 2018 0

Upping it’s ante from half year results declared several months back, Nigeria’s based Med-View airline has recorded a 62.3 per cent increase in its Profit After Tax (PAT) for the full year period ended December 31, 2017 at N1.3bn from N772.9bn in 2016. In a bid to enhance its corporate value and brand image Med-View […]

Business Capital Market

NSE employees donate books to IDPS

Ihesiulo Grace 7 March 2018 0

The Nigerian Stock Exchange (“NSE) has announced the that its employees have donated over 1,500 books to pupils of Maisandari Alamderi Model Nursery and Primary School, located in the Abuja Talakawa District of Maiduguri, Borno State. The book donation which is part of the NSE Employee Give-back and Employee Volunteering Programme was executed to promote […]

Business Capital Market

Investors push for earnings sustains bullish trend as ASI gains 0.22%

Ihesiulo Grace 7 March 2018 0

As investors continue to take position for dividend or price appreciation, the demand continues to pitch against demand in the equities market. The Nigerian equities market sustained its uptrends as ASI advanced by +0.22% on Tuesday March 06. The market closed bullish following the gains in Oil & Gas and Consumer Goods sectors. In the […]

Capital Market

African SMEs set to benefit from USD 74m guarantee

Ihesiulo Grace 6 March 2018 0

The African Guarantee Fund for Small and Medium-Sized Enterprises (AGF) has entered into a re-guarantee transaction of an amount of up to USD 74 million with GuarantCo, to increase its guarantee capacity for African SME financing. On the GuarantCo AGF partnership, AGF’s Chief Executive Officer, Felix BIKPO, stated, “AGF is glad to be joined by […]

Capital Market

Stakeholders laud/ knock to CBN over dividend rule

Ihesiulo Grace 6 March 2018 0

Cross- section of stakeholders have expressed reservations on the new rule by the Central Bank of Nigeria(CBN) on payment of dividend bank banks with high none performing loans and less capital adequacy ratio. Speaking to our correspondent in an interview, cross -section of stakeholders lauded CBN , while others maintained that the apex bank may […]

Capital Market

Firm urges marketers to prepare for inevitable ‘Merge’

Ihesiulo Grace 6 March 2018 0

PHD, a global communications planning and media buying firm, has launched its seventh publication, titled: “ Merge””, which dwells on how technology prepares marketers and advertisers for the future with regards to brands and audience engagement. Wayne Bishop, Managing Director, PHD Johannesburg, unveiled the book ,titled :“MERGE: The Closing Gap Between Technology and

Capital Market

Bulls prevail as NSE ASI/ capitalisation garner 0.72%, 0.82% a week

Ihesiulo Grace 6 March 2018 0

Irrespective of the bearish trend recorded during the greater past of last week, the equities market closed bearish on the back of positive sentiments and remarkable results released by listed companies. For the week ended March 02 , 2018 , the Nigerian Stock Exchange (NSE )All-Share Index, ASI, and Market Capitalization appreciated by 0.72 per […]

Capital Market

Equity Assurance changes name to Sunu Assurance

Ihesiulo Grace 12 February 2018 0

EQUITY Assurance has announced that its same has been changed to Sunu Assurance, earlier in February 2018, it was announced that a Franco-phone African Insurance Group, SUNU has bought substantial equity (67 per cent) of Equity Assurance Company Liberia Ltd. The company also completed similar acquisition of Equity Assurance Ghana. The acquisition reflects that a […]

Capital Market

Custodian discloses gratitude capital controls 12.17 % holding

Ihesiulo Grace 12 February 2018 0

Custodian and Allied plc has, in keeping with the amendment to the NSE listing rules, disclosed that Gratitude Capital Limited controls 12.17 per cent shareholdings in the company. In a statement titled “Disclosure of changes in beneficial ownership of Custodian and Allied plc shares” signed by company secretary, Adeyinka Jafojo dated February 8th made available […]

Capital Market

Afromedia announces resignation of group’s ED

Ihesiulo Grace 12 February 2018 0

Afromedia Nigeria Plc, which has sustained the tag minimum regulatory filling (MRF) by the Nigerian Stock Exchange (NSE),has announced the resignation of its Group Executive Director shared services, Mr. S.O.S. Nwachukwu, effective 6th December, 2017. He is said to be focused on pursuing other personal endeavors. Acting company secretary, Oseni Adeyemi, in a signed

Capital Market

When companies are open for hostile acquisition

Ihesiulo Grace 12 February 2018 0

Mr. Malomo Oladapo a Lagos -based stockbroker told our correspondent that having seen the first week of trying the new pricing methodology, the best form of insurance for the insurance firms on the expected development rests on the boards themselves. The boards of insurance companies should race up with reality and perform better to deliver […]

Capital Market

Experts finger global equities market uncertainty to prevailing sell off

Ihesiulo Grace 11 February 2018 0

Cross section of market experts have pointed that the prevailing global markets uncertainty to be responsible for the sustained market decline recorded for consecutive two weeks in the Nigerian equities market. The equities market closed the last trading session of the week ended Friday February 8th 2018 negative, with decline in the Nigerian Stock Exchange […]

Capital Market

FBNQUEST sees likely improvement in credit extension

Ihesiulo Grace 9 February 2018 0

The FBNQUEST capital research has revealed that there its need for improvement in credit extension in 2018 as the recently released data by the Nigerian Bureau of Statics (NBS) , on capital inflow has revealed. According to the analyst, due to the low credit advanced by the deposit money banks in the fourth quarter 2017, […]

Capital Market

Consumer goods, insurance, banking stocks selloff prevail

Ihesiulo Grace 9 February 2018 0

. NSE ytd returns drop to 13.29% That the market would close second consecutive week in red is no more in doubt as the equities market on Thursday sustained the descent pattern losing 0.49 per cent for the NSE ASI to close at 43,326.89 points. The decline on Thursday, was due to sustained sell off […]