Business News

Dangote hosts investors, stakeholders, consumers at Lagos Fair

Ihesiulo Grace 7 November 2017 0

Dangote Group, a leading participant in the on-going Lagos International Trade Fair will be hosting investors, distributors, dealers as well as the consumers tomorrow Tuesday during its Day during which the company management team will espouse on the strategies of the company to remain a

Business Capital Market

How investors grew NSE index by 1.3% in Q3 earnings season

Ihesiulo Grace 5 November 2017 0

Investors participating in the equities segment of the Nigerian Stock Market have been able to lift the market from a two-week downtrend, having been impressed with the Q3 results delivered by listed companies in the past week. The week ended 3rd November 2017, saw the NSE All-Share Index and Market Capitalization appreciate by 1.31 per […]

Business Energy

FG to review power sector privatisation as expert calls for consistent energy policies to attract investors

Ihesiulo Grace 25 October 2017 0

Simon Ugwu Dr. Kandeh Yumkella, a two-term former Director-General of United Nations Industrial Development Organisation (UNIDO), says Nigeria needs to be consistent in implementation of its energy policies to experience development of the energy sector. Yumkella stated this in Abuja, adding that consistency in implementation of energy pricing for electricity was key to

Business Top Stories

Investors’ liquidity in Forex window hits $3.373bn in 3 weeks

Ihesiulo Grace 23 October 2017 0

*Boosts investors’ confidence in forex Motolani Oseni, Lagos The Nigerian Autonomous Foreign Exchange (NAFEX) widow has received not less than $3.373 billion in just three weeks, indicating high level of investors’ confidence in the nation’s foreign exchange market, investigation by The Daily Times has revealed. In view of this, many financial experts and dealers

Business Capital Market News Top Stories

Military vs IPOB: Political tension takes toll on Capital Market

Ihesiulo Grace 19 September 2017 0

.Investors in cautious trading at NSE as ASI lost -0.14% .Delegation of Northern Govs visit S’East, S’South Army, S’East Govs lack power to proscribe IPOB- Saraki Following the palpable tension created by the clashes between the Nigerian Army and the Indigenous People of Biafra (IPOB) particularly in Umuahia, Abia State and its fallouts which continued

Business Economy

Nigeria reforms capital importation to attract foreign investors

Ihesiulo Grace 11 September 2017 0

Nigeria’s central bank Monday will start issuing electronic certificates for capital imported into the country, in a bid to improve its currency transfer process, it said. The new certificate will replace a hard copy now issued when capital is imported, according to a circular from the central bank. The bank said the move would enhance […]

Capital Market

Equities market maintains uptrend as YTD returns surpass 42%

Ihesiulo Grace 14 August 2017 0

The worth of investment on the Nigerian Stock Exchange (NSE) has continued on an uptrend as trading closed in a positive territory for the week ended 11th August 2017, extending gains into the 5th consecutive week, while Year-to-Date returns sit at 42.14 per cent. The lead market indicator; NSE’s All-Share Index (ASI) appreciated further by […]

News

Delta State creates platform for interaction with potential investors

Ihesiulo Grace 23 February 2017 0

The Delta State Government yesterday signed a Memorandum of Understanding (MoU) with Aniwura International Project limited with a view to creating a platform for interaction between government and potential ivestors both locally and internationally. The Secretary to the State Government, Hon. Festus Ovie Agas, who signed on behalf of the state government, expressed

News

Ambode woos investors to Lagos at Nairobi’s German-African Business Summit

Ihesiulo Grace 10 February 2017 0

Lagos state governor, Mr. Akinwunmi Ambode, on Thursday said the State is willing, able and ready to partner with investors within and outside Africa, just as he said that adequate measures have been put in place to enhance the ease of doing business within the state. Governor Ambode, who spoke at the second edition of […]

Capital Market

NSE: Investors lose N59.3 billion in four days

Ihesiulo Grace 20 January 2017 0

Cumulative losses for the week reached N59.3 billion yesterday as market capitalization which opened on Monday at N9.074 trillion plunged 0.65 percent to close Thursday at N9.015 trillion. The All-Share Index (ASI) closed at 26,201.60 compared to previous closing figure of 26,245.34 Investors exchanged 196.5 million units of shares for N2.611 billion in 3,317 deals,

Business Capital Market

Capital Bancorp rates 2016 a better year for investors

Ihesiulo Grace 11 January 2017 0

The Managing Director of Capital Bancorp, Mr Aigboje Higo, says 2016 was a good year for investors in the Nigerian capital market. Higo stated this in Lagos as he compared investment performance between 2016 and 2015. Higo explained that in spite of the enormous challenges such as the recession in 2016, the year-to-date return in […]

Business Energy

Be patient, Fashola tells power investors

Ihesiulo Grace 9 January 2017 0

Minister of Power Works and Housing, Mr Babatunde Raji Fashola, has urged investors in the power sector to be patient with electricity consumers or leave the sector for those willing to invest. The Minister made the call during the 11th Monthly Power Sector & Stakeholder Meeting held in Ikeja West Transmission Station, Ipaja, in Lagos […]

Business

Trading resumes on positive note as investors take medium-long term positions

Ihesiulo Grace 3 January 2017 0

Activity resumes on the Nigerians Stock Exchange (NSE) today, the first trading day of the year, with high expectations and fresh positioning. Trend analysis shows that some investors would be divesting from moribund companies, while the banking sector will generate more bids, as dividend-savvy investors buy in expectation of high dividend payment from the banking

Business News

FG, Investors, Bankers, set for South-East Economic, Security Summit

Ihesiulo Grace 13 December 2016 0

The Federal Government of Nigeria including, National Assembly, State Governments, top local and international business leaders, bankers, investors among many others are set to attend the maiden South-East Economic & Security Summit – SEESS 2016.   As part of efforts to build peace and engender progress and development throughout Nigeria’s southeast  

Capital Market

Investors move 511.6m shares worth N1.7b

Ihesiulo Grace 29 November 2016 0

Equities market investors traded a total of 511.6 million shares at the end of Tuesday’s trading session. The shares traded in 2,342 deals were worth N1.695 billion and represented a 153 percent growth from 202.4 million shares worth N1.616 billion and exchanged in 2,558 deals on Monday. However, market performance continued in a negative territory as the All […]

Business Capital Market

Equities Market: Week opens with N13.3 bn loss

Ihesiulo Grace 22 November 2016 0

The downtrend in the Nigerian equities market persisted yesterday with investors losing N13.3 billion at the start of the week. Investors worth tracked by the market capitalization which opened Monday at N8.791 trillion lost 0.15 percent or N13.3 billion to close the day at N8.778 trillion The All Share Index also dropped by 0.15 percent […]

Technology

Nigeria’s participation at ITU Telecom World 2016 attracts investors

Ihesiulo Grace 22 November 2016 0

Nigeria’s government and private sectors have made a pitch to foreign investors at the 2016 International Telecommunication Union conference, Telecoms World, where they presented the country’s developments in Information and Communication Technology (ICT) opportunities for future investment. Nigeria’s participation, which was put together by the telecoms regulator, the

Business Capital Market

Investors Laud Conoil’s N2billion Dividend Payout

Ihesiulo Grace 28 October 2016 0

Shareholders of Conoil Plc have applauded the company’s strong financial performance despite the difficult operating environment in the country. Speaking at the company’s annual general meeting held today in Uyo, Akwa Ibom State, the shareholders expressed their delight that the foremost fuel marketing company was able to declare such a huge dividend in spite of […]

Business Capital Market

NSE boss urges investors to take advantage of data for informed investment decision.

Ihesiulo Grace 18 October 2016 0

The CEO of the Nigerian Stock Exchange Mr. Oscar Onyema, has called on both domestic and foreign portfolio investors on the need to exploit market data for their benefits. The NSE boss whilst speaking at the first market data workshop organised in Lagos on Tuesday said “Our market data informs traders, investors, media and others in […]

Capital Market

‎E-dividend scheme captures fresh 5000 investors in September

Ihesiulo Grace 8 October 2016 0

The introduction of E-Dividend champion by the Nigerian Securities and Exchange Commission of Nigeria (SEC) has yielded the registration of additional 5000 investors in less than 30 days the SEC has said. According to the SEC’s Head of Corporate Communication, Mr. Naif Abdussalam, in September alone we have been able to capture up to 5000 […]