Capital Market

Equity Assurance changes name to Sunu Assurance

Ihesiulo Grace 12 February 2018 0

EQUITY Assurance has announced that its same has been changed to Sunu Assurance, earlier in February 2018, it was announced that a Franco-phone African Insurance Group, SUNU has bought substantial equity (67 per cent) of Equity Assurance Company Liberia Ltd. The company also completed similar

News

FG to partner private sector to create special economic zones

Ihesiulo Grace 26 January 2018 0

In its effort to further enhance the nation’s economy and boost he real sector, the federal government of Nigeria has said that arrangement are being made to partner with private sector to create special economic zones across the country. The vice president, Professor Yemi Osinbanjo, revealed Thursday that, government and Private Sector will collaborate in […]

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 […]

Business

Why 12 dealing member firms fail MOS standard as at 15th January

Ihesiulo Grace 20 January 2018 0

The Nigerian Stock Exchange (NSE) has disclosed that 12 dealing member firms failed to meet minimum operating standard (MOS) as t 15th January, 2018. Stakeholders who spoke to Daily Times on condition of anonymity on why the companies could not meet up with the MOS requirement, attributed it to unstable and challenging operating environment, even […]

News

Headline inflation drops 11th consecutive month to 15.37% in December

Ihesiulo Grace 20 January 2018 0

…increasing PMS Price may reverse trend—Analyst. The Nigerian Bureau of Statistics December 2017 Inflation report released Tuesday, 16th January, showed a moderation in headline inflation to 15.37 per cent year on year (y/y) in December 2017, against 15.90 per cent y/y in November 2017. According to the report, y/y movement in headline inflation was influenced […]

News

NSE to introduce robust market structure, demutualize exchange

Ihesiulo Grace 20 January 2018 0

*Grew 2017 turnover by 121 % The Chief Executive Officer of the Nigerian Stock Exchange (NSE), Mr. Oscar Onyema has revealed that the exchange will, on 29th January, unveil new market structures to engender more robust offering and development initiatives that would further enhance the market. Onyema, while delivering his annual 2017 market recap and […]

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

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

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. Higher demands in key three top equities ,Transnational Corporation of […]

Business

Why Union bank rights were oversubscribed….Emuwa

Ihesiulo Grace 15 January 2018 0

Union Bank of Nigeria Plc(Union Bank), one of Nigeria’s long,standing and most respected financial institutions announced that the Bank successfully raised N49.7billion through a Rights Issue which losed on October 30, 2017with subscription s recorded at 120% . The Central Bank of Nigeria (CBN) and Securities and Exchange Commission (SEC) concluded the share allotment and

Business

NSE releases guidelines on new par value new rule

Ihesiulo Grace 15 January 2018 0

The Nierian Stock Exchange has announced new classification of equities prive movement pursuant to the new rules on par value movement of equities. The NSE said that the classification was “Pursuant to the implementation of the approved amendments to the Pricing Methodology 1and par Value Rules, as contained in Rules 15.29 and 15.30 respectively of […]

Business

Diamond Bank receives ISO/IEC 20000-1:2011 Certification on Infotech Security

Ihesiulo Grace 15 January 2018 0

For its accomplishments in information technology security, Diamond Bank has bagged the prestigious ISO/IEC 20000-1:2011 certification by the British Standard Institute (BSI) Group. Diamond Bank is the leading retail Bank, using new technology and digital applications to drive financial inclusion and innovative customer experience, whilst making significant contribution to

Business

Glo Mobile tipped to beat Airtel, Smile, Helios in 9Mobile purchase deal?

Ihesiulo Grace 15 January 2018 0

…as 16 January deadline for takeover expires Having been selected among top five strong bidders ogling to acquire 9Mobile telecom as the deadline for takeover closure on the company expires Tomorrow, Tuesday, 16th January, the world waits to see to which side the pendulum would swing. Since the debt concern, 9mobile, the country’s fourth biggest […]