Experts predict more investment inflow in 2018
Investment inflow into the country, which doubled to $4.2 billion in third quarter of 2017 from the previous quarter’s level, is expected to continue in 2018.This is because Nigeria’s business environment remains more attractive and competitive to investors amid expectations.....
RMBN Stockbrokers sees growth in Nigeria’s cement sector
RMB Nigeria (RMBN) Stockbrokers, in its research, has forecast a positive outlook for the nation’s cement sector and believes 2018 could be the beginning of the next growth cycle for cement consumption in the country.
Stock market index soars by 13.71 per cent
The bull run witnessed in the nation’s stock market in 2017 extended to the first month of 2018, defying profit taking and “January effects”, believed to be a time when investors develop apathy due to pressing demands after the December spending, as the All-Share Index (ASI) close the month with 13.71 per cent rise.
Council of CIS approves new qualifications for stockbrokers
The Governing Council of the Chartered Institute of Stockbrokers (CIS) has approved the newly introduced Specialised Professional Certifications (SPC) known as the Stand-Alone-Programme.
NSE, ASHON to fast-track roll-out of futures, commodity exchange
Preparation for seamless take-off of the proposed Lagos Commodity and Futures Exchange (LCFE) was strengthened, as the Association of Stockbroking Houses of Nigeria (ASHON) and the Nigerian Stock Exchange (NSE) signed a Memorandum of Understanding (MOU) last week.
Unity Bank unveils code to drive mobile banking
Unity Bank has rolled out its Unstructured Supplementary Service Data (USSD) short code: *7799# in order to enhance customer access to quality banking services, as part of efforts to strengthen retail banking offering and expand channels for financial inclusion penetration....
‘How to sustain stock market rebound through stable polity’
Ahead of the 2019 polls, stakeholders in the nation’s capital market have stressed the need for government at all levels to adopt appropriate pragmatic strategies that would aid peaceful campaign and stability of polity to ensure sustainable market rebound. The stakeholders who argued that market is information driven, explained that with the little signs of…
Transcorp, FCMB, others lift NSE’s volume by N42.5billion
Heavy transactions in the shares of some companies, especially Transnational Corporation (TRANSCORP), and First City Monument Bank (FCMB), last week, lifted the volume of shares traded, as a turnover of 7.157 billion shares worth N42.545billion were recorded in 39,037 deals by investors on the floor of the Nigerian Stock Exchange (NSE). This volume of shares…
Groups raise concerns on feasibility of 2018 budget
Despite assurances, fiscal governance experts are raising issues with the feasibility of the 2018 budget and its outcome in engendering economic growth as claimed by the Federal Government. The concerns, which cut across capital expenditure vote, debt service provision and rising recurrent non-debt expenditure, are assessed as conduit to fritter public funds, deprive the poor…
How FIRS attained N4 trillion revenue target in 2017, by Fowler
The Federal Inland Revenue Service (FIRS) has said it broke boundaries in 2017, notwithstanding the country’s slow activities and exit from recession, to achieve a record N4 trillion in tax revenue collections. The Chairman of FIRS, Babatunde Fowler, said this during a courtesy visit of the agency, the members of the Senate Committee on Finance…