Tuesday, 27th September 2022
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Capital Market

3 Feb 2015
GUINNESS Nigeria Plc has recorded has recorded a five per cent increase in revenue, while gross profit was up by two per cent in its second half year operations last year.    The company’s Managing Director/CEO, John O’Keeffe disclosed this yesterday.    “We experienced improvement in performance during the half as revenue for the second…
3 Feb 2015
THE Securities and Exchange Commission (SEC) is committed to dematerialization in the capital market as one of the means of boosting investors’ confidence.   Ag. Director General of SEC, Mounir Gwarzo gave the assurance yesterday when he received the management of Central Securities Clearing System (CSCS) Plc at the Commission’s head office in Abuja. Dematerialization…
3 Feb 2015
THE directors of Berger Paints Nigeria Plc has announced the disengagement of the Managing Director, Tor Nygard, from the services of the company at the expiration of his contract on of January 31,  2015.     Nygard joined the company on the 2nd of November 2009 as the Deputy Managing Director (Designate), moved on to become…
2 Feb 2015
Onyema bags ‘Most Innovative CEO of the Year’ award FOLLOWING price gains recorded by some bluechip companies, equity transactions on the floor of Nigerian Stock Exchange (NSE) yesterday re-opened week in an upward trend as  market capitalisation of equities appreciated by N107 billion.     Specifically, at the closed of trading yesterday, the market capitalisation of…
2 Feb 2015
THE Securities and Exchange Commission has stressed the need for the nation’s capital market to be leveraged for the provision of  funds needed to finance energy, transportation and social infrastructure projects, beyond the budget.    The Acting Director General of the Commission,  Mounir Gwarzo submitted that in an era of fiscal constraints and increasingly stringent…
1 Feb 2015
THE Nigerian Pension Commission (PENCOM) said it is currently working with the mortgage refinancing companies to ensure that PENCOM assets are redeployed in the capital market.   A mortgage liquidity facility or mortgage refinance company is a secondary market institution providing long term funds to mortgage lenders.    A mortgage liquidity facility could provide an…
29 Jan 2015
APPARENTLY irked by the dominance of foreign investors in the nation’s capital market, stakeholders, yesterday, stressed the need for expansion of local institutional investment capacity to attract more retail participation and spur activities in the primary market segment.    This, top the highlights of a one-day dialogue on ‘The Capital Market and 2015 Federal budget…
29 Jan 2015
THE equities market closed yesterday on a negative note, as Nigerian Stock Exchange[NSE] All Share Index[ASI] depreciated by 0.89 per cent to close at 29,642.38 basis points, compared with the 0.16 per cent appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at  14.47 per cent.   Market breadth closed negative as Cap led 19…
28 Jan 2015
THE Securities and Exchange Commission (SEC) has stated that it would empower trade groups and Self Regulatory Organisations (SROs) in the Nigeria Capital Market to settle complaints in their various groups so that only unresolved issues can be reported to the Commission     Acting Director General of the Commission,  Mounir Gwarzo made this clarifications recently…
28 Jan 2015
SECURITY Africa Financial Limited has stressed that the new  ‘Real Trade’ online trading platform, would boost retail investors’ participation in the market.    The platform would also enable investors who are bored with the traditional method of buying shares through stockbrokers by given order to buy or sell to access a different option.   Speaking…
27 Jan 2015
PAC Asset Management Limited (PACAM), a subsidiary of Pan African Capital Plc  has received regulatory approval to offer for subscription,  a balance fund of N1billion units of N1.00 each at par, with minimum subscription of 50,000 units and multiples of 10,000 units thereafter.    The offer, which is payable in full on application, according to…
27 Jan 2015
THE arrangers of Haldane McCall Real Estate Investment Trust (HMK REIT) have announced the extension of the Initial Public Offering (IPO) which opened on December 4th, 2014.    The announcement was made following the approval granted by the Securities and Exchange Commission (SEC) for the extension of the offer period.    The offer initially billed…


32 mins ago
Ifeanyi Ejiofor, the lawyer to the leader of the Indigenous People of Biafra (IPOB) Nnamdi Kanu, alleged that the Department of State Services (DSS) has shortchanged Kanu’s medication and has called for the unconditional release of his client.
35 mins ago
Tougher times await drug barons and cartels operating in Nigeria if they fail to back out of their criminal trade and embrace legitimate ventures. Chairman/Chief Executive of the National Drug Law Enforcement Agency, NDLEA, Brig. Gen. Mohamed Buba Marwa (Rtd) gave the assurance on Tuesday, September 27, 2022, while leading stakeholders to witness the crushing and setting ablaze 1.8 tons of cocaine recovered by the Agency from a warehouse in the Ikorodu area of Lagos last week.
41 mins ago
A pregnant woman known as Mrs Vivian Charles has alleged that the Divisional Police Officer (DPO ) of Elelewon Police Division, in Obio/Akpor LGA physically assaulted he while at the station to bail her relative on Monday.
51 mins ago
The Universal Basic Education Commission (UBEC), has commended the Government of the Republic of Korea, through its grant aid agency, Korea International Cooperation Agency (KOICA), for training Nigerian government officials to increase the capacity of teachers in the country.
56 mins ago
Some military retirees have blocked the entrance gate of the Defence Ministry, demanding payment of their benefits by the federal government.