Conglomerates reel under harsh environment
The effects of challenging operating environment has continued to assail the operations of the nation’s conglomerates sector, just as the bottom-line of the industry’s quoted companies in the last few years had remained subdued, occasioned by assessed policy issues. Exacerbated by parlous infrastructure, which has inevitably transferred the high production cost to consumers, the companies…
Shareholders laud NAICOM’s cancellation of insurance recapitalisation
The shareholders under the aegis of the Independent Shareholders Association of Nigeria (ISAN) said the cancellation of the recapitalisation bid by NAICOM was a welcome development and a sign of respect for the rule of law.
MTN’s $236 million offering in Ghana falls short of target
MTN Group’s unit in Ghana raised 1.1 billion cedis ($236 million), selling about a third of the shares made available in an initial public offering, according to a document seen by Bloomberg
‘Dominance of foreign investors not good for stock market’
Capital market experts have expressed concerns on the volatility and spill over effect caused by over dependence on foreign investors in the nation’s stock market.According to them, the major reason for the depressed state of the market is due to sell down by foreign investors that play dominant role in the nation’s bourse.
Investors jostle for shares of Ikeja Hotel over price appreciation
After the lifting of suspension on shares of Ikeja hotel Plc on Monday 21, 2018, the shares of the hospitality giant jumped from N1.78 to N1.86 in about three hours, representing 4.5% increase, all to the astonishment of the general public.
Investors, operators want speedy implementation of 2018 budget
Capital Market stakeholders have stressed the need for federal government to expedite action on the implementation of the N9.1 trillion 2018 budget to alleviate poverty and stimulate activities in the stock market.Indeed, after the January and mid February rally, the market recorded unprecedented reversal in performance contrary to analysts predictions.