1.What It Means For Nigeria To Be Kicked Out Of The JP Morgan EM Bond Index
JP Morgan Chase (JPM) on Tuesday issued a press release saying it will start phasing out Nigeria from its Emerging Market Bond Index this month and will completely yank Nigeria off the index by end of October. The bank cites the current restrictions on forex transactions and policies of the CBN as its reasons alleging that it has prompted investor concerns about a shortage of liquidity. JP Morgan had earlier in the year warned that it will take Nigeria out of the index if the current CBN policies which most investors see as capital controls is not reversed. The potential implications of this move are far-reaching as JP Morgan Index is currently tracked by over $200 billion Funds. Here are a few immediate implications for Nigeria.
What It Means For Nigeria to Be Kicked Out of the JP Morgan EM Bond Index
2.“Why I Appointed More Northerners” – Buhari Finally Opens Up
President Muhammadu Buhari has defended his recent appointments criticised by many Nigerians as lopsided, saying he nominated people he could trust, and who had worked with him for years.
“Why I Appointed More Northerners” – Buhari Finally Opens Up
3.Why These Stocks Are Set For A Bullish Run
The Nigerian equities market is largely still in a bear market. Stocks have been hammered left right and center as oil prices hover near multiyear lows.
4.Is This Why Diageo ‘Desperately’ Wants To Own 70% Of Guinness Nigeria?
News broke on Wednesday that Diageo the parent company of Guinness Nigeria Plc was looking to increase its stake in its Nigerian subsidiary to 70%. To the shock of many investors they were even willing to buy Guinness Nigeria shares at a price of N175, more than a 40% premium to the closing price of N125.05 as at September 9, 2015.
Is This Why Diageo ‘Desperately’ Wants To Own 70% of Guinness Nigeria?
5.[EXECUTIVE CHANGE] First Bank Announces New MD, DMD, Chairman Etc.
FBN Holdings the parent company of First Bank Plc has announced some top executive appointments across the group and bank. Here they are;
Dr Adesola Adedutan currently First Bank Executive Director, CFO has emerged Managing Director Designate
[EXECUTIVE CHANGE] First Bank Announces New MD, DMD, Chairman etc.
6.This Is Nigeria’s Official Response To Being Removed From The JPM EM Index
The Ministry of Finance, Debt Management Office and CBN released the following press release in response to the planned removal of Nigeria from the JP Morgan Chase Emerging Market Bond Index.
This Is Nigeria’s Official Response To Being Removed From The JPM EM Index
7.Why $40 Oil Is Killing Iraq, Nigeria And Others, But Not Russia
It’s not the economy, stupid. At least it isn’t where hearts are warmed by the fiercer flame of nationalism, rather than rising living standards.
Why $40 Oil Is Killing Iraq, Nigeria And Others, But Not Russia
8.How 6 Of The World’s Wealthiest People Built Their Empires.
No doubt the world’s richest people live in opulence and splendor, they can afford to buy multiple houses and cars and luxuries that most of us can only dream of.
9.Why Investors Are Wary About UBA’s Latest Proposed Dividend
UBA Plc released its 2015 Half Year results showing profit after tax profits rose 40% to N39.9 billion. The results on a quarter on quarter basis also showed pre-tax profits rose 12% to N20.6 billion signifying an across the board improvement in earnings.
10.Here Is Another Reason Why Investors Are Taking-Off From Nigerian Stocks
The NSEASI recorded its second decline in as many days today, paring by 0.17% to peg the YtD return of the market at –15.16%. Also, the volume and value of transactions declined respectively by 33.38% and 27.82% correspondingly, while 24 stocks advanced against 27 stocks that pared to skew the market breadth (0.89x) in favour of decliners.
Here is Another Reason Why Investors Are Taking-Off From Nigerian Stocks
