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Capital Market

11 Feb 2015
MARKET capitalisation shed weight yesterday on the Nigerian Stock Exchange (NSE) by N134.9 billion, to close at N9.6 trillion.    The dipped further by 139bps as the All Share Index also dipped by 139 points, closing at 28,721.27 points from previous day’s trade, on account of selling pressure in large and medium cap stocks.  …
11 Feb 2015
THE Association of Industrial Pharmacists of Nigeria (NAIP) yesterday, assured that more pharmaceutical companies will be listing on the floor of the Nigeria Stock Exchange (NSE) .    The national chairman of the association, Gbenga Falabi said this during the courtesy visit to the Exchange, yesterday.    He said that some of the companies in…
10 Feb 2015
• IPOs soar as continent’s capital markets raise $11b • Nigeria, Ghana, worst performers TANZANIA’S Dar es Salaam Stock Exchange topped the performance list for the 12 months to 31 January for USD investors, according to the data collected  excellent Investing in Africa website.    It managed a 27 per cent rise, including 3.8 per…
10 Feb 2015
• Cappa and D’Alberto to trade on over-the-counter market THE equities market closed yesterday on a negative note, as Nigerian Stock Exchange [NSE] All Share Index [ASI] depreciated by -0.80% to close at 29,125.69 basis points, compared with the -2.08 per cent depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at 15.28 per cent.…
9 Feb 2015
THE equities market closed yesterday on a negative note, as Nigerian Stock Exchange [NSE] All Share Index [ASI] depreciated by 2.08 per cent to close at 29,360.55 basis points, compared with the 0.71 per cent depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at 5.28 per cent   Market breadth also closed negative as…
9 Feb 2015
Says merger will accelerate revenue growth, expand profit capacity NIGERIAN Breweries Plc  has reiterated its commitment to enhance operational efficiencies and maximize value for investors and all stakeholders of the merged company.    The enlarged company is also  expected t to extend market leadership accelerate revenue growth and expand profit capacity.    The Chairman of…
8 Feb 2015
ANALYSIS of the market activity in the week ended February 06, 2015, technically revealed improved optimism along with high speculative tendency as short-term traders remained in control of the market trend.   Also, an extensive analysis revealed growing accumulation pattern during the week while investors sustained cautious value investing pattern towards medium capped stocks. Meanwhile,…
5 Feb 2015
January 2015- the worst bearish start in six years THE equities market closed yesterday on a negative note, as Nigerian Stock Exchange [NSE] All Share Index [ASI] depreciated by 1.36 per cent to close at 30,200.97 basis points, compared with the two per cent appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at 12.86…
5 Feb 2015
THE Nigerian Stock Exchange (NSE) and Central Securities Clearing System (CSCS) have failed to comply with remittance of 10% of their secondary market income to the Investments and Securities Tribunal (IST) five months after been directed to do so by the Securities and Exchange Commission (SEC). SEC  recently under the leadership of the immediate past…
4 Feb 2015
EQUITY transactions on the Nigerian Stock Exchange sustained rising profile yesterday, following price gains recorded by virtually all the bluechip companies, resulting to a further rise in market capitalization by N200 billion.    Specifically, at the close of transactions yesterday, 29 stocks appreciated in price, led by Diamond bank with 9.86 per cent to close…
4 Feb 2015
ACTING Director General of the Securities and Exchange Commission, Mounir Gwarzo has said that the Commission is empowering Trade Groups in the Nigerian capital market so that it can focus on its primary responsibilities of regulating and developing the market.    Gwarzo who spoke when he received members of the Association of Assets Custodians of…
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…


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A South-West socio-political group, Yoruba Ronu Leadership Forum (YRLP), yesterday, urged the Department of State Services (DSS) to caution all media aides or spokesmen of major political parties and that of president-elect, as well as presidential candidates..
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Artificial Intelligence has been described as a key component that will help accelerate Africa’s drive towards achieving open finance and bridging the continent’s $120 billion lending gap.
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Rotary Club of Ogudu GRA has collaborated with the Lagos Waste Management Authority (LAWMA) to clear wastes in communities and ensure residents adopt proper sanitation and hygiene.
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Three months to the June deadline for subsidy removal, plans by the Federal Government to scrap the scheme may meet resistance from the public and labour unions over lack of clarity regarding the process and availability of social investment programmes ..
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The International Renewable Energy Agency (IRENA) has estimated that the world will need around $35 trillion for transition technology by 2030, including improving efficiency, electrification, grid expansion and flexibility.