Business Capital Market

Stanbic IBTC to elect new Chairman as Peterside resigns

Ihesiulo Grace 21 March 2017 0

Board of Directors for Stanbic IBTC Plc will appoint a new Chairman at its meeting scheduled to hold in April 2017, following the resignation of its Chairman and Founder Atedo Peterside. Mr. Atedo N.A. Peterside CON, who founded IBTC (then known as Investment Banking & Trust Company

Business Capital Market

NSE, Access Bank partner on Global money week to lift youths’ fiscal literacy

Ihesiulo Grace 21 March 2017 0

Youths across the country have been given increased opportunity to better their future through the requisite education and financial literacy awareness trainings which enables them to start saving early in life. To this end, the Nigerian Stock Exchange (NSE) on Monday March 20th announced collaboration with Access Bank Plc to boost commitment at strengthening youth’s […]

Capital Market

NSE approves restructuring of UNIC Insurance

Ihesiulo Grace 21 March 2017 0

The Nigerian Stock Exchange (NSE) has approved a restructuring plan for UNIC Insurance Plc, an insurance firm listed on the Exchange as a capital raising method for the company. The approval which involves a merger and acquisition was given on the 10th March 2017, following the insurer’s proposal for restructuring. According to the NSE, the […]

Capital Market

Investors gain N3.4 billion as market resumes week upbeat

Ihesiulo Grace 21 March 2017 0

Stock market activities closed upbeat for the fifth consecutive session on Monday as lead indices appreciated by 0.07 percent. Market capitalization settled at N8.881 trillion, following a gain of N3.4 billion, while All Share Index rose 18.39 points to settle at 25,671.55 points. Market breadth however, closed negative as the price movement chart showed that […]

Capital Market

Proshare market intelligence beams live on IOS version mobile App

Ihesiulo Grace 21 March 2017 0

Nigeria’s capital market intelligence provider, Proshare, has stepped up its offerings to the investment public with the launch of its mobile application. Known for its credibility, reliability and timeliness, Proshare Nigeria reported on Monday, March 20th, that its mobile app has commenced beaming live on IOS compliant mobile devices. This development is coming as a […]

Business Capital Market

Equities market rise for second straight week, erases MTD losses

Ihesiulo Grace 19 March 2017 0

The Nigerian Equities market closed upbeat for the second week in a row, as key market indices appreciated 1.64 percent. The growth recorded at the equities market during the week was occasioned by a moderation in February inflation rate to 17.78 percent from 18.72 percent and steady addition to the foreign reserves, which currently stands […]

Capital Market

Finance sector sustains positive returns on investments ytd

Ihesiulo Grace 19 March 2017 0

The banking subsector of finance sector as at the close of trade on te Nigerian Stock Exchange (NSE) on Friday March 17th 2017 closed the week with highest returns on investment, followed by the insurance sector. The sector sustained investments appetite of investors by retaining returning highest earnings to investors for the year’s period (YTD). […]

Business Capital Market

Total Nigeria releases 2016 Audited Financial Results

Ihesiulo Grace 16 March 2017 0

Total Nigeria Plc has declared a profit of N14.8 billion for the 2016 financial year, ended 31st December 2016. The profit signifies a 266 percent increase from N4.05 billion declared as profit in December 2015. The company consequently proposed a reward of N7 per every 50 kobo of shares held by investors as final dividend […]

Business Capital Market

Equities Market Sustains uptrend as investors gain N40 billion

Ihesiulo Grace 16 March 2017 0

Equities trading on the Nigerian Stock Exchange sustained uptrend for the third consecutive session on Thursday as market capitalization buoyed by N40 billion. The market cap closed the day at N8.796 trillion compared to its starting figure of N8.756 trillion. Similarly, the NSE All Share Index (ASI) grew by 116.85 points or 0.46 percent to […]

Business Capital Market

Onyema lauds high governance, sustainability guidelines compliance

Ihesiulo Grace 15 March 2017 0

The CEO Nigerian Stock Exchange (NSE) Mr. Oscar Onyema has commended the high level of compliance with corporate governance and sustainability guidelines, in the Nigerian capital market. The commendation came on as the 2017 seminar on sustainability, powered by GRI in collaboration with the Nigerian Stock Exchange (NSE) and EY Ernst &Young hold in Lagos […]

Business Capital Market

Transcorp rewards shareholders with N3bn dividend

Ihesiulo Grace 15 March 2017 0

Transcorp Hotels is set to reward her loyal investors with N3.040 Billion profit at 40k per share having declared N3.7 Billion as profit after tax at the end of 2016 business year. This was approved by the shareholders during the Transcorp Hotels Annual General Meeting which took place on Wednesday in Transcorp Hilton Abuja. While […]

Business Capital Market

Stock market sustains gains with 0.07% growth

Ihesiulo Grace 15 March 2017 0

Equities trading on the Nigerian Stock Exchange remained upbeat as lead market indices increased by 0.07 percent on Wednesday. The NSE All Share Index (ASI) that closed the day at 25,301.23 points, was strengthened by 16.67 points while market capitalization grew by N6 billion to close at N8.756 trillion. Investors consequently staked N2.2 billion on […]

Business Capital Market

FG Savings Bond Will Boost Financial Inclusion – NSE

Ihesiulo Grace 11 March 2017 0

The Federal Government of Nigeria (FGN) Savings Bond which will open for subscription exclusively on the Nigeria Stock Exchange (NSE) will boost financial inclusion says the Executive Director, Capital Market Division of NSE. The NSE key official made this remark while commenting on the planned launch of the sovereign savings bond which is scheduled for […]

Capital Market

DMO targets retail investors with First FGN Savings bond issued Monday

Ihesiulo Grace 10 March 2017 0

The FGN Savings Bond, a retail product accessible to all income groups is being introduced by the Debt management Office on behalf of the Federal Government of Nigeria to further encourage an all-inclusive participation in investments. The bond which creates a window of opportunity for Nigerians to harness the huge benefits derivable from retail bonds […]

Capital Market Nigeria

Bond working against vibrancy of equities market – Brokers

Ihesiulo Grace 9 March 2017 0

The preponderance of debt instruments in the Nigerian capital market has been described as one of the major factors working against the development of the equities market, years after the global economic meltdown. Stock brokers who spoke to Daily Times on the impact of increasing bond offering to the market, said that hence the debt […]

Capital Market News Nigeria

Profit taking sheds 0.57% from NSE ASI

Ihesiulo Grace 9 March 2017 0

Profit taking activity of investors in the equities market, on Wednesday pitched supply against demand as key market measuring indices closed low. Lead market indices of the Nigerian equities market on Wednesday slid marginally to post a decline of 0.57 percent, as investors traded 218.7 million shares worth N3.895 trillion in 3,191 deals. The NSE […]

Business Capital Market

IWD: Women want better representation in economic advancement bodies

Ihesiulo Grace 9 March 2017 0

Inclusion of more women in decision making bodies and corporate organisation would speedy corporate governance, profitability, transparency and economic advancement of Nigeria and Africa. This was the consensus of all the women in attendance at the symposium to mark the International Women’s day 2017 with the theme “transcending gender limitations” which held at the

Capital Market

GTB grows 2016 Profit by 33%

Ihesiulo Grace 8 March 2017 0

…Proposes final dividend of 175 kobo Guaranty Trust Bank plc has released its audited financial results for the year ended December 31, 2016 to the Nigerian and London Stock Exchanges, posting a profit after tax of N132.3 billion. The profit represented a growth of 33 percent from N99.4 billion recorded a profit in December 2015 […]

Business Capital Market

Investors stake N2.6b on 215.16 million shares

Ihesiulo Grace 8 March 2017 0

…As TransCorp, Guinness, Dangcem lead gainers Investment appetite of investors in equities listed on the Nigerian Stock Exchange (NSE), on Tuesday remained sturdy as buy mandates for choice valuable stocks continued to soar. Trading which closed bullish yesterday, recorded more unexecuted buy mandates for choice stocks, Transcorp, Guinness and Dangote Cement all of which

Capital Market News

Capital market to mobilise funds for Nigeria’s 2017 budget deficit- SEC

Ihesiulo Grace 6 March 2017 0

The Nigerian Securities and Exchange Commission (SEC) has released a 9-point communique, highlighting the capital market’s role in supporting the mobilization and deployment of resources to fund the N2.36 trillion gap in the nation’s 2017 budget. The communique which was issued at the week, come on the heels of the 2017 budget seminar held on […]