Capital Market

Nigerian Flour Mills posts 134.85% rise in PAT

Ihesiulo Grace 31 January 2018 0

Nigerian Four Mills has demonstrated commitment to reward shareholders through positive performance as its key performance indices for the third quarter ended 31 December 2017 showed remarkable growth. The fast moving consumer goods company (FMG) , in its third quarter result delivered by the

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Union Bank, others showcase solutions at 2018 edition of Techpoint Build

Ihesiulo Grace 30 January 2018 0

Union Bank, Nokia and Farmcrowdy showcase innovative solutions at the 2018 edition of Techpoint Build , gathering which unveiled best innovative technologies. Over 1000 investors, startups, hardware/software professionals, business developers, policy makers and other key stakeholders in the startup and technology sector recently converged at the Landmark event Centre in

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Transcorp Hotels commence closed period January 29

Ihesiulo Grace 30 January 2018 0

Transcorp Hotels Plc has announced commencement o closed period when all its members and connected persons are barred from any form of transaction ion in the company’s shares. Group Company Secretary, Helen Iwuchukwu, in a signed statement released by the Nigerian Stock Exchange (NSE) said “We hereby give the Nigerian Stock Exchange notification of the […]

Capital Market

Tripple G records total assets drops to N 1.79bn in Q3

Ihesiulo Grace 30 January 2018 0

The company’s third quarter result for the period ended December 31 217 released y the Nigerian stock Exchange (NSE) on Monday showed that total assets of the firm grew to N1, 786,334.00, which was against N1, 836,622 recorded by the company as at 31 December 2016 The company’s statement of financial position for the period […]

Capital Market

Stanbic IBTC Imaan Fund lifts charities

Ihesiulo Grace 30 January 2018 0

Stanbic IBTC Asset Management Limited ,in its commitment to enhancing living conditions s to invest in building local communities and enriching lives has strengthened the fortunes of the needy. Recently, the firm, which prides a s Nigeria’s biggest asset management firm, donated the non-permissible income of its Shariah compliant mutual fund – the Stanbic IBTC […]

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Interlinked technologies’ Q2 revenue drops by 4 per cent

Ihesiulo Grace 30 January 2018 0

….sustains loss position by 14% The result showed that revenue dropped d by 4 per cent to N44,942 million from N46,906 recorded in the same period of 2016. Gross profit declined by 8 per cent, from N18, 485 million posted in 2016, o N17,035 in the second quarter 2017 ended December 31. According to the […]

Capital Market

Equities market opens week on positive note

Ihesiulo Grace 30 January 2018 0

….As NSE ASI gains 1.22% The bullish trend which greeted the equities market in the early weeks of January, returned on Monday , as investors take position for returns on investment through price growth or expected corporate action. The Monday trend demonstrated that the equities market appears to be gearing up for another rally with […]

Capital Market

FG to raise US2.5bn Eurobond in Q1 2018

Ihesiulo Grace 29 January 2018 0

. As CBN’s restrictive fx policy may hinder index inclusion Director General of the Debt Management Office (DMO) has announced that the Federal Government would issue a USD2.5billion Eurobond in Q1 2018 as part of the USD5.5billion fund raising programme approved by the National Assembly last year. The proceeds of the issuance are to be […]

Capital Market

Conglomerates, finance, consumer goods stocks boost equities turnover

Ihesiulo Grace 29 January 2018 0

…As profit taking persists Investors appetite for higher returns lifted activities in the conglomerates sector for the week ended Friday 26th January 2018 to emerge the most traded stocks. The Conglomerates Industry (measured by volume) led the activity chart with 4.110 billion shares valued at N10,016bn traded in 2,454 deals; thus contributing 57.43% and 23.54% […]

Capital Market

Why banks’ lending to agriculture weakens

Ihesiulo Grace 28 January 2018 0

As the nation looks up to increased liquidity as the political landscape conditions for the 2019 general lections, agriculture sector may further suffer as expected liquidity inflow may not be extended the lift food production. This may be a shortfall from the portfolio investments that enterd the country in 2017, out of which the manufacturing […]

Capital Market

NSE: New price methodology rules takes off Monday January 29

Ihesiulo Grace 28 January 2018 0

The Nigerian Stock Exchange (“NSE”or “The Exchange”), hereby restates that the amendments to Pricing Methodology and Par Value Rules, which can be found in Rules 15.29 and 15.30 , respectively of the Rulebook of The Exchange 2015 (Dealing Members’ Rules)(“the Rules”), which have been approved by the Securities and Exchange Commission (SEC) shall become effective […]

Capital Market

11 PLC EPS to decline by 14% in 2018…Analyst

Ihesiulo Grace 26 January 2018 0

11Plc, of Nigeria’s oil and gas sector will have to contend with earning per share decline by 14 per cent in the prevailing year, even as profit before tax is projected to grow by 6 per cent y/y to N10.3bn. However the report was hinged n the one availability of the company’s other comprehensive Income […]

Capital Market

CBN likely to retain rates to boost FDI

Ihesiulo Grace 26 January 2018 0

The Chief Executive of Afrinvest Securities Limited, Ayodeji Ebo says a rate cut will be unlikely due to the high risks associated with the economy. This was coming as in spite of feelers in many quarters that the governor of the Central Bank of Nigeria (CBN) that the bank will begin a gradual cut in […]

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NSE ASI opens week on 0.51% gain as positive sentiment prevails

Ihesiulo Grace 16 January 2018 0

*FCMB 9.84% merged highest gainer, Eterna worst loser with 6.82% The Nigerian equities market opened the new week yesterday on sustained growth trajectory as the Nigerian Stock Exchange’s All- Share Index further gained 0.51 per cent. The growth was powered by gains recorded by highly capitalized stocks, which pitched demand against supply in the equities […]

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Beta Glass announces resignation of director

Ihesiulo Grace 16 January 2018 0

….as Unity Kapital appoints new ED c has announced the resignation of its director, Mr. Mr. George Papachristou as a director of the company with effect from October 31, 2017. Deputy Company Secretary, Mrs. Bola Adebisi, in a statement, said that the Papachristou served the company for a period of five years seven months. “Mr. […]

Capital Market

Exchange explains full suspension on in 7UP shares

Ihesiulo Grace 16 January 2018 0

The Nigerian Stock Exchange (NSE0 has given explanation on the full suspension status placed on trading on the shares of 7Up Bottling Company (SBC) Plc last Friday. A statement signed titled: “7-Up Bottling Company Plc – Suspension of Trading in Shares “signed by Godstime Iwenekhai, Head, Listings Regulation Department and released by the NSE, disclosed […]

Capital Market

FMDQ December fixed income/currency transactions dip to N11.86trn

Ihesiulo Grace 15 January 2018 0

Transaction turnover in the FMDQ OTC market in the month of December 2017, recorded in the Fixed Income and Currency (FIC) markets for the month of December 2017, a total transaction value of ₦11.86trillion. The FMDQ OTC monthly market report released Friday showed that the N11.86trn December turnover in the fixed income and currency segment, […]

Capital Market

CGRS board to announce newly certified directors on 19th January

Ihesiulo Grace 15 January 2018 0

The corporate Governance Rating System (CGRS) board has announced that new set of company directors that passed the latest CGRS certification examination would be approved and announced on Friday, 19th January, 2018. Following the inauguration of the Steering Board of the Corporate Governance Rating System board and its successful inaugural meeting on 12 December 2017;

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Union Bank lists additional shares following successful Rights’ issue

Ihesiulo Grace 15 January 2018 0

* Outstanding shares now 29.12bn With the overwhelming performance recorded by Union Bank Plc in its just concluded rights issue, the deposit money bank has forged ahead with listing of the new shares on the official list of the exchange. Subsequently, an additional volume of 12,133,646,995 ordinary shares of Union Bank of Nigeria Plc (“Union […]

Capital Market

7UP ‘delisting: NSE places shares on full suspension

Ihesiulo Grace 15 January 2018 0

Following shareholders of 7up Bottling Company Plc recent approval of the new offer scheme for buyout of the company’s minority shareholders, the company’s shares have been placed on full suspension by the Nigerian Stock Exchange (NSE) subsequent to eventual delisting. Seven-Up bottling company Plc is a leading independent manufacturer and distributor of the well-known and