Capital Market

TransCorp, Diamond Bank, FBN lift market’s turnover

Ihesiulo Grace 15 January 2018 0

* As NSE ASI/ market cap advances by 10.21%, 10.91 % Demonstration of market confidence, high liquidity level and growth potential sustained investors’ confidence in key companies during the week ended Friday, 12th January, 2018, as demand continue to pitch against supply for choice stocks.

Business Capital Market

Why Seven-Up Bottling company shareholders approve scheme of arrangement

Ihesiulo Grace 12 January 2018 0

The relationship existing between Seven up Bottling Company plc and its shareholders and the manner the company handled agitation over earlier proposed scheme of arrangement has been inferred as motivation for the shareholders’ approval of the new scheme. Shareholders of Seven-Up Bottling Company Plc in Lagos Thursday, approved the Scheme of Arrangement by which the […]

Capital Market

DMO urges investors take advantage of Green bond

Ihesiulo Grace 18 December 2017 0

The Debt Management office (DMO) has urged prospective investors to take advantage of earning opportunity provided by Green bond, to impact positively on standard of living, environment and also earn money. Director General, DMO, Mrs. Patience Oniha, made the call in Lagos during the FGN’s green bond investors’ forum an road show held in Lagos […]

Capital Market

Take advantage of growth opportunities in 2018 …Experts urge FG

Ihesiulo Grace 18 December 2017 0

Research experts have urged the federal government to take advantage of opportunities to grow the country’s economy in 2018, and not to waste it las seen in 2017. SBM investment and Research expert in its review of its 2017 forecast and 2018 preview recently released to the investment community, said that 2018 is likely to […]

Capital Market

Banks, consumer goods, conglomerates stocks top investors picks

Ihesiulo Grace 18 December 2017 0

….As supplementary listing lifts market cap, while ASI dips A total turnover of 1.852 billion shares worth N51.523 billion in 23,863 deals were traded during the week ended Friday 15th December 2017, by investors on the floor of the Exchange in contrast to a total of 3.316 billion shares valued at N36.451 billion that exchanged […]

Capital Market

SIBTCH, International Breweries boost outstanding shares

Ihesiulo Grace 18 December 2017 0

The International Breweries Nigeria Plc have joined the club of companies with outstanding share volumes in excess of five billion, with recent registration of additional 5,301,612,656 ordinary shares on the official list on the Nigerian Stock Exchange (NSE). According to the NSE, the additional shares listed arose from the Scheme of Merger involving International

Business Capital Market News

The naira is depreciating again

Ihesiulo Grace 18 December 2017 0

“It has started from last week when the currency closed against the Dollar at 365 Naira. For me, it might get to 370 Naira if care is not taken.” Hundreds of millions of dollars have been pumped into the foreign exchange market by the Central Bank of Nigeria, to shore up the value of the […]

Capital Market

Sustained profit- taking sheds ASI below 38,000bpts

Ihesiulo Grace 15 December 2017 0

Following previous rallies recorded on the Nigerian Stock Exchange, investors have resorted to taking profit for the second consecutive day says market analyst. According to Head of Research at ARM securities, Kayode Omosebi, a lot of stocks have rallied significantly in the last two months and investors both domestic and institutional are beginning to sell […]

Capital Market

Lafarge appoints new company secretary

Ihesiulo Grace 15 December 2017 0

Lafarge Africa has announced the appointment of a new company secretary, Mrs. Adewumi Alode, which took effect from Thursday, 12th December, 2017. This was disclosed by the company through a publication by the NSE published on Thursday, signed by the company’s Group Managing Director/CEO, Michel Puchercos According to the company, prior to Adewumi’s appointment, she […]

Capital Market

NB consolidates leadership, wins sectorial leadership award

Ihesiulo Grace 15 December 2017 0

In consolidation of its leadership status in the Nigerian consumer goods sector and returns on investments to shareholders and stakeholders, the Nigerian Breweries Plc has once again been rewarded for its role in Nigeria’s economic advancement with leadership award. The Nigerian brewing giant, for its outstanding performance in the Consumer Goods Sector of the Nigerian

Capital Market

Ogun IGR: N7bn to support infrastructure bond raising….Amosun

Ihesiulo Grace 15 December 2017 0

This was disclosed on Thursday at the Lagos, Nigeria Stock Exchange (NSE), when Governor Ibikunle Amosun, and some investment experts led members of the state executive on a visit to the NSE where the governor had the rare opportunity of sounding the Exchange’s closing bell for the day. The governor lauded the Exchange as critical […]

Capital Market

Cautious trade shrinks NSE’s ASI by 1.00%

Ihesiulo Grace 14 December 2017 0

Caverton, GTBank, Presco led decliners The celebrated return to bullish trade during the week has been cut short as cautious trading by investors’ has reversed the hinged on supply outwitting demand for highly priced equities resulting to price slump. Subsequently, the Nigerian equities market resumed its sliding trend, as the Nigerian Stock Exchange (NSE) All […]

Capital Market

DanCem, Stanbic IBTC, Pilot Securities top winners of NSE’s awards

Ihesiulo Grace 14 December 2017 0

Dangote Cement Plc, Stanbic IBTC Stockbrokers Limited and Pilot Securities emerged top winners in the Nigerian Stock Exchange (NSE) 2017 CEO’s Award announced by the Exchange on Wednesday December 13m 2017. The winners were celebrated at the awards leaders unveiling at the awards ceremony, at the Stock Exchange House, Lagos yesterday. Dangote Cement Plc was […]

Capital Market

Access Bank denies arraignment of its principal officers by ICPC

Ihesiulo Grace 14 December 2017 0

Access Bank Nigeria Plc has refuted recent newspaper and online reports (not Daily Times Nigeria) that that the bank and its principal officers have been dragged to the Independent Corrupt Practices and other related offences Commission (ICPC), over their alleged refusal to post no debit (PND) on some accounts. The accounts, according to the report, […]

Capital Market

Nigeria, has great potential for investors – IMF

Ihesiulo Grace 14 December 2017 0

Lower inflation rate in the country would enhance business vibrancy and greater investment inflow; hence policies need to be targeted at enhancing productivity in the country. To this end, the regulatory authorities in Nigeria have been charged to put in place policies to bring down the inflation rate in the country and increase access to […]

Capital Market

Nigeria, EFTA partner on joint declaration on economic cooperation

Ihesiulo Grace 13 December 2017 0

Nigeria has signed a joint declaration on Economic Cooperation with the European Free Trade Association (EFTA) in Buenos Aires, Argentina, on the sidelines of the World Trade Organisation (WTO) 11th Ministerial Conference. The country also represented Africa at the Ministerial Conference through its position as Vice-Chair of the conference. Members of the EFTA are Norway,

Capital Market

FMDQ records 21.92 % turnover, rises to N14.85trn in November

Ihesiulo Grace 13 December 2017 0

As corporates and the government continue to exploit the OTC exchange to raise short term funds, transaction value and turnover has sustained an upward trajectory month on month. Summary of November trading activities released by the OTC market Tuesday showed that transaction turnover in the fixed Income and Currency (FIC) markets for the month of […]

Capital Market

Ecobank Nigeria boosts offerings, unveils Xpress Account

Ihesiulo Grace 13 December 2017 0

In its bid to offer more beneficial services to its customers and boost market share, Ecobank Nigeria has moved a step further in service delivery and offer of unique banking experience with new Xpress account. Ecobank Xpress Account embodies a flagship digital product that will take banking to the grassroots and reach the unbanked population […]

Capital Market

NSE ASI resumes uptrend with 0.03% growth

Ihesiulo Grace 13 December 2017 0

Posing a mild rebound from the 0.88 percent decline recorded on Monday, the Nigerian Stock Exchange All Share Index rose by 0.03 per cent to settle at 38,924.63 basis point at the end of business on Tuesday. The day’s performance was led by Union Bank of Nigeria that topped the list of 20 gainers following […]

Business Capital Market

NSE rides into new week strong as investors gain N457bn in one week

Ihesiulo Grace 10 December 2017 0

With barely three weeks of trading activities till the end of the 2017 financial year, the domestic bourse (Nigerian Stock Exchange, NSE) has not relented in its positive performance, as it closed positive for the third consecutive week, with the Market Capitalization appreciating by N345 billion or 3.46 percent to close the week at N13.672 […]