Capital Market

Africa Prudential, United capital commence closed period

Ihesiulo Grace 8 February 2018 0

African prudential Plc and United capitals Plc , offshoot companies of the UBA group have commenced their closed period during which no employee , director or connected persons is allowed to transact in the respective companies shares. African prudential said that its closed period commences on

Capital Market

Investment one urged investors to key into FGNSB 12th offer

Ihesiulo Grace 8 February 2018 0

Investment one international limited has called don investor’s t take advantage of the ongoing federal government of Nigeria savings bond (FGNSB) 12t series offer and divers heir investments and enhance earnings. The FGNSB Twelfth (12th) series offer commenced on February 5th 2018 and scheduled will close on 9th of February. The investment one, which is […]

Capital Market

Bearish sentiment prevails as NSE ASI declines by 0.77%

Ihesiulo Grace 8 February 2018 0

…as Zenith bank leads gainers, Mobil oil leads losers Bearish sentiment which ushered in the week’s trading in the equities market was sustained or the third consecutive day on Wednesday as all market performance measuring indices closed in red. The market trend was sustained following the bearish sentiments across most sectors. The Nigerian equities market […]

Capital Market

Why we retained our Abuja workers during flight suspension

Ihesiulo Grace 6 February 2018 0

The World’s leading airline, Emirate Airlines, has said that it is committed to workers ‘ welfare pointing out that it holds its Nigerian employees in high esteem. This , the airline said, led it to retaining its Abuja staff during the suspension of flight operations in the year 2016. According to the airline, the staff […]

Capital Market

UAC announces increased holdings of shareholders

Ihesiulo Grace 6 February 2018 0

UAC of Nigeria Pc has in keeping with the provisions of the Nigerian capital market , announced the new ownership structure of the company for shareholders controlling over 5 per cent holdings. The company, in a publication signed by Company Secretary, Godwin Samuel, and made available by the Nigerian Stock Exchange (NSE) ,disclosed that pursuant […]

Capital Market

Okomu raises shareholders’ expectations with planned new factory

Ihesiulo Grace 6 February 2018 0

Things are looking up brighter for shareholders of Okomu Oil p cs the company plans to commission its extension 2 palm plantation where a new line of production would also be established soon. Okomu oil plc has brought to the notice of all stakeholders, that the company has commenced the process and reparation for the […]

Capital Market

Stocks market opens week on red as NSE ASI declines by 0.85%

Ihesiulo Grace 6 February 2018 0

. FCMB, Skyebank Diamond bank as most traded stocks The Nigeria equities market closed the first trading day of the week in red as the Nigerian Stock Exchange (NSE) All Share Index shed declined by -0.85%.to close at 44,261.72 The equities market capitalization also close lower at N15,883,600,706,202.91, while the bond and ETF market capitalization […]

Capital Market

NSE: New pricing methodology week closes market bearish

Ihesiulo Grace 5 February 2018 0

. As capitalization loses 2.09 per cent For the week ended 2nd February ,2018, the equities market’s key performance indices declined following sustained investor sentiment ostensibly triggered by the new pricing methodology. The NSE All -Share Index and Market Capitalization depreciated by 1.98 per cent and 2.09% to close the week at 44,639.99 and N16.019 […]

Capital Market

Greif posts 41% hike in revenue as cost of sales soars by 38% to N1.15bn

Ihesiulo Grace 5 February 2018 0

The company’s end of year result for the period ended 31 October , 2017 showed that key performance indices closed positive, which if not checked could be eaten up by mounting cost of sale which ballooned by 38 per cent. However, the company made no declaration of dividend, compared with 60 kobo paid in the […]

Capital Market

Oando appoints Zubairu as Director

Ihesiulo Grace 5 February 2018 0

Oando PLC has notified the shareholders and other stakeholders of the appointment of Mr. Muntari Muhammed Zubairu as Group Chief Corporate Services and Operations Officer. The company explained in statement signed by Chief Compliance Officer & Company Secretary, Ayotola Jagun, that the appointment was in accordance with Article 88 of the Company’s articles of

Capital Market

University press Q3 result reflects positive margins

Ihesiulo Grace 5 February 2018 0

University Press Nigeria Plc has shown commitment t to rewarding shareholders with enhanced values as its performance indices continue on bullish note. The company’s unaudited statement of comprehensive income for the third quarter ended 31st December 2017 showed progressive growth in its profit and loss lines growing shareholders chances of better earnings from dividend

Capital Market

Africa Prudential launches USSD Code *4018#

Ihesiulo Grace 5 February 2018 0

Africa Prudential Plc has raised the bar in registrars business and shareholder experience in Nigeria when the company unveiled her new USSD code *4018# at a launch held in Lagos , on January 31, 2018. According to the product brief, the USSD code *4018# is nicknamed “Personal Registrar” because it clearly redefines the landscape of […]

Capital Market

19th OTC FX Futures Contract matures and settles on FMDQ

Ihesiulo Grace 5 February 2018 0

With a total of $10.95 billion worth of the Naira-settled OTC FX Futures contracts traded on FMDQ,the Futures Exchange, transactions and activities have commenced in earnest for 2018, with the 19th OTC FX Futures contract, NGUS JAN 31 2018, with notional amount $321.60 million, which matured and settled on FMDQ on Wednesday, January 31, 2018. […]

Capital Market

SEC explains N1.2bn ‘golden hand shake’ payment

Ihesiulo Grace 5 February 2018 0

The Securities and Exchange Commission (SEC) Nigeria, has explained payment of N1.2 billion staff disengagement golden handshake by the suspended DG, Mounir Gwarzo. A statement made available to Daily Times by SEC , said that the Golden Handshake exercise was a voluntary retirement scheme designed by the Commission for certain categories of staff to exit […]

Capital Market

How equities market makes more millionaires, leaves many poor

Ihesiulo Grace 4 February 2018 0

Recently, the National Coordinator of the Independent Shareholders Association of Nigeria (ISAN), Mr. Adeniyi Adebisi raised the alarm over the Nigerian capital market’s sudden boom; and called on the nation’s economic managers to monitor the economy closely. Adebisi said that, “The capital market is a barometer of some sort. It mirrors the state of the

Capital Market

Diamond Bank to give N433m in DiamondXtra season 10

Ihesiulo Grace 1 February 2018 0

Diamond bank has disclosed that N433 million has been earmarked as the total prize money to be won by its customers  in its Diamondxtra Season 10 reward scheme which has taken off in Lagos Nigeria. Over 4,950 customers will be rewarded in the monthly and quarterly electronic draws, which would be witnessed by customers, potential […]

Capital Market

Guinness posts N3.5bn PBT in Q2 2018 result

Ihesiulo Grace 1 February 2018 0

.Posts H1 PAT growth of 145.65 % y/y Guinness Nigeria has shown remarkable improvement in its earnings as the company’s key performance indices for the second quarter (Q2) 2018 results for the period ended 31 December 2017 reflected marked growth. The company’s Q2 result released by the Nigerian Stock Exchange (NSE) showed that the company […]

Capital Market

Retail shareholders should take advantage of market growth -Stakeholders

Ihesiulo Grace 1 February 2018 0

Cross section of stakeholders in the Nigerian capital market have cautioned against unfounded statements by uninformed retail investors some of whom have called for caution on prevailing market growth. Cross section of stakeholders who spoke to Daily Times urged retail investors to take advantage of current market growth and have returns on their investment, reinforcing

Capital Market

FMDQ Achieves ₦142.00 trn market turnover in 2017

Ihesiulo Grace 1 February 2018 0

The FMDQ the-counter (OTC) market total turnover saw a year-on-year growth rate of 24.97 per cent, rising from the N113.65 trillion recorded in 2016 to N142.00 trn in 2017, however, in response to the gradual recovery of the Nigerian economy, following the recessionary trends which shaped activities in the year 2017. The OTC market report […]

Capital Market

PMI January headline reading declines to 54.6

Ihesiulo Grace 1 February 2018 0

The no 58 of FBN Quest research manufacturing Purchasing Managers’ Index (PMI) for Nigeria, which takes the temperature of the sector released February 01, 2018 showed a decline to 54.6 per cent, from 68.7 per cent posted in the preceding month of December 2017. According to the report, the headline in January has posted a […]