Brands and Marketing Business Capital Market News

Expert charges EXMAN on transparency, integrity in practice

Ihesiulo Grace 10 September 2019 0

Godwin Anyebe Chief Operating Officer and Lead Consultant, Aster Integrated Marketing Limited, Tolulope Medebem has admonished the leadership of Experiential Marketing Association of Nigeria (EXMAN) on the need to put in place regulatory mechanism that would ensure that transparency and

Banking Business Capital Market

Entrepreneurs lament impact of insecurity on investments

Ihesiulo Grace 3 September 2019 0

Jide Oke – Osogbo Small and Medium Scale entrepreneurs operating in Nigeria have warned that the security situation in the country has reached a global and disturbing dimension with implications on the investment environment, saying that there exists a declining investors’ confidence across the broad spectrum of domestic and foreign prospective investors in the

Banking Business Capital Market

NSE records N19bn gain on first trading day in September

Ihesiulo Grace 3 September 2019 0

Motolani Oseni The equities market segment of the Nigerian Stock Exchange (NSE) commenced trading in September on positive note with a marginal growth of 0.14 per cent, which translated to investors’ gain of N19 billion. Specifically, the All Share Index (ASI) rose by 39.28 points or 0.14 per cent to 27,565.09 points. Accordingly, investors gained […]

Banking Business Capital Market

SEC urges shareholders of defunct Afribank to claim their dividends

Ihesiulo Grace 3 September 2019 0

Motolani Oseni The Securities and Exchange Commission (SEC) has asked shareholders of the defunct Afribank Plc to claim their dividends. SEC said this is part of its investor protection programme. It said it was also to ensure that shareholders get the benefits of investing in the capital market. Mary Uduk, the commission’s acting DG, said, […]

Business Capital Market News

Equities market lose N89bn over profit-taking

Ihesiulo Grace 30 August 2019 0

Temitope Adebayo The Nigerian Stock Exchange equities market segment on Thursday reverted the gains in the previous trading session, following the All-Share Index (ASI) declined by 0.66 per cent on losses in Dangote Cement, MTN Nigeria, 12 other stocks. The All Share Index fell by 181.45 basis points or 0.66 per cent to 27,425.57 basis […]

Business Capital Market Food & Nutrition

UACN, Imperial logistics seal $2.4m deal

Ihesiulo Grace 28 August 2019 0

Motolani Oseni UAC of Nigeria Plc has announced that it was in agreement with Imperial Logistic Limited to increase its shareholding in MDS Logistics Limited to 57 per cent. In a notice to the Nigerian Stock Exchange (NSE), UACN informed its shareholders and stakeholders that the company has entered into an agreement with Imperial Logistics […]

Business Capital Market News

NSE to host 4th edition of equities market data workshop

Ihesiulo Grace 28 August 2019 0

Motolani Oseni The Nigerian Stock Exchange (NSE) is set to host the 4th edition of the NSE Market Data Workshop. The event is scheduled to hold on Wednesday, September 11, 2019, at the Harbour Point, 4 Wilmot Close, Victoria Island, Lagos. With the theme, “Partnerships, Products and the Customer”, the 2019 NSE Market Data Workshop […]

Business Capital Market News

Delta wades into Sapele Market leadership crisis

Ihesiulo Grace 27 August 2019 0

Nosa Akenzua – Asaba Delta state government has waded into the Sapele Market crisis and urged stakeholders to honour the council management resolution which warned against fetish and lawless activities. The leadership of the Sapele ultra-modern Market has been engulfed in crisis of confidence in the past one year as efforts to resolve the problem […]

Business Capital Market News

FDI remains a crucial between large and small enterprises, says Adebayo

Ihesiulo Grace 27 August 2019 0

Joy Obakeye The Ministry of Industry, Trade and Investment, hopes to attract Foreign Direct Investments (FDIs) into the country by stimulating business linkages between large and small enterprises. This is according to its minister, Mr Adeniyi Adebayo, who explained that a combination of advisory (policy oriented) and technical assistance (action oriented) services in the

Agriculture Banking Business Capital Market

Forex restriction: Agriculture sector can provide 50 million jobs – NASME

Ihesiulo Grace 20 August 2019 0

The Nigerian Association of Small and Medium Enterprises (NASME) has stated that the agriculture value chain can provide over 50 million jobs if the Federal Government stops forex restriction as well as place an outright ban on food import. The Chairman of Agricultural Group of NASME, Lagos Chapter, Adam Adebayo made this suggestion in Lagos […]

Banking Business Capital Market

FG to lift 2.5m low-income earners through micro-lending scheme

Ihesiulo Grace 20 August 2019 0

The Federal Government has said it will provide micro-lending to about 2.5 million small trades and businesses to the lowest income earners through the Government Enterprise and Empowerment Programme (GEEP) This was disclosed by the Vice- President, Prof Yemi Osinbajo, who was represented by the Special Adviser (SA) to the President on Economic Matters, Dipolu […]

Business Capital Market

NSE –ASI drops by 0.11% over investors sustained sell-offs

Ihesiulo Grace 16 August 2019 0

Motolani Oseni The equities market closed on Thursday trading session on a negative note, as the Nigerian Stock Exchange, All-Share Index (NSE-ASI) slumped by 0.11 per cent on persistent sell-offs. The NSE-ASI fell by 30.18 basis points or 0.11 per cent to 27,052.93 basis points from 27,083.11basis points Accordingly, investors lost N15 billion in value […]

Business Capital Market News

Capital market stakeholders to exchange ideas at Q2 2019 CMC meeting

Ihesiulo Grace 16 August 2019 0

Motolani Oseni The Securities and Exchange Commission (SEC) has announced that the Second quarter Capital Market Committee (CMC) meeting in 2019 where stakeholders will come together and champion ideas. According to the SEC, “Attendance to both events is strictly by invitation. Invited participants are expected to come with their identity cards to be admitted into […]

Business Capital Market

NSE deepens debt market to N12. 5trn

Ihesiulo Grace 7 August 2019 0

…As DMO raises N13bn from equities market Motolani Oseni The Nigerian Stock Exchange (NSE) Chief Executive Officer, Oscar Onyema, on Tuesday, revealed that from a humble beginning as far back as 1961, the Exchange has deepened its debt market to N12.47 trillion. He, also, disclosed that Nigeria’s Debt Management Office (DMO) has raised N13 billion […]

Business Capital Market

NSE rebounds with market capitalisation growth of N14bn

Ihesiulo Grace 2 August 2019 0

Motolani Oseni The equities market of the Nigerian Stock Exchange (NSE) on Thursday rebounded with an increase of a whopping N14 billion market capitalization, closing the first trading day in August at N13.522 trillion against N13.508 trillion recorded the previous day. Although, the improvement was said to have been achieved due to bargain hunting in […]

Africa Business Capital Market

Lafarge Africa investors approve sale of subsidiary for $316m

Ihesiulo Grace 23 July 2019 0

Motolani Oseni Shareholders of Lafarge Africa Plc on Monday unanimously approved the proposed sale of Lafarge South Africa Holding Limited (LSAH) to LafargeHolcim Group for $316.2 million. They gave the approval at the company’s 60th Annual General Meeting (AGM) in Lagos. Speaking at the meeting, Mr Mobolaji Balogun, the company’s Chairman, said that LSAH sale […]

Business Capital Market

Equities market indices dip by 40% amid profit-taking

Ihesiulo Grace 23 July 2019 0

Temitope Adebayo The equities market of the Nigeria Stock Exchange (NSE) began this week trading activities on on Monday on a downward trend, with major indices shedding 0.40 per cent. Specifically, market capitalisation which opened at N13.606 trillion lost N54 billion or 0.40 per cent to close at N13.552 trillion against N13.606 trillion on Friday. […]

Banking Business Capital Market

Non-Oil Exports: Fidelity Bank, NEPC, LBS train 100 MSMEs in Kano

Ihesiulo Grace 19 July 2019 0

Temitope Adebayo Fidelity Bank Plc is training over 100 SMEs at the 8th edition of the highly acclaimed Export Management Programme (EMP) with the aim of providing impactful, world-class support to Micro Small Medium Enterprises (MSMEs) in Kano State. Organised by the bank in strategic partnership with the Nigerian Export Promotion Council (NEPC) and the […]

Business Capital Market

CBN lifts Forex market with fresh $210m injection

Ihesiulo Grace 17 July 2019 0

Motolani Oseni The Central Bank of Nigeria (CBN) on Tuesday lifted the interbank segment of the Foreign Exchange (Forex) market with a fresh injection of $210 million. The apex Bank yesterday explained that the authorised dealers in the wholesale segment of the market received about $100 million, while the Small and Medium Enterprises (SMEs) window […]

Business Capital Market

Inflation rate slows to 11.22% in June

Ihesiulo Grace 16 July 2019 0

Motolani Oseni The Consumer Price Index (CPI), which measures inflation, has slowed down to 11.22 per cent year on year from 11.40 per cent stood in May 2019, data released by the National Bureau of Statistics (NBS) on Monday showed. The latest data showed that the headline index fell to 1.07 per cent on a […]