Nigerian Stock Exchange

The Nigerian Stock Exchange started the week on a negative note

The Nigerian Stock Exchange ended Monday’s trading session in negative territory. The All Share Index closed at 29,809.20 basis points, down 0.29%.
Central Bank of Nigeria

CBN is set to recapitalise Nigerian banks again

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has announced that the apex bank is set to recapitalise Nigerian commercial banks.
Boeing Co, Pilots Sue Boeing, 400 Pilot X sue Boeing for 737 Max crash, MCAS, American Airlines, Air Peace, Boeing's MCAS system, Boeing suspends forecast, Boeing miss earnings projection, Boeing first quarter revenue earnings, Ethiopian Airlines B737-Max8 aircraft crash, Air Peace, Allen Onyema, Federal Government, FAA investigation into Boeing

400 pilots are suing Boeing, but won’t reveal their identities

@Boeing Boeing seems to be recording more lawsuits this year than it has recorded orders for its 737 Max planes. The latest development has seen the company sued by 400 pilots for the Lion Air and Ethiopian Airlines crashes that claimed 346 lives.
CAP Plc will use its entire profit after tax to pay dividends

CAP Plc will use its entire profit after tax to pay dividends

Chemical and Allied Products (CAP) Plc, a subsidiary of UAC of Nigeria Plc, has declared a dividend of 290 kobo per share for the financial year 2018.

Market/Economic Insight: The Weekly Brief (June 17th-21st 2019)

The performance of the Nigerian Equity Market remained bearish last week with the index (NSE ASI) trending downward by 0.65%.
NCAA to meet with Telecoms companies over mast demolition, NCAA begins demolition of masts, Broadband penetration

Rise in broadband penetration reinforces telecoms’ growth potentials

The Nigerian Communications Commission (NCC) showed that Broadband penetration rose to  33.7% in April 2019 compared to 33.22% in the prior month.
Forte Oil Plc, Femi Otedola

Forte Oil’s majority shareholder to acquire fresh N22 billion worth of shares

Prudent Energy Services Limited, the new majority shareholder of Forte Oil Plc, is set to acquire fresh N22 billion worth of shares of the company.
OK Foods Limited has sued Cadbury UK Limited

Cadbury highlights plans to create more wealth for shareholders

@CadburyPlc has promised its shareholders that it will not relent in its effort to create more wealth and maintain its current dividend policy.
Regency Alliance dividend

Regency Alliance Plc’s shareholders do not want to be paid dividends

Regency Alliance Plc's shareholders doesn't want to be paid dividend for 2018 FY. This, they said, is in lieu of NAICOM's pending recapitalisation quest.
Access Bank Plc, Eurobonds

Investors rally Nigerian Eurobonds as Access Bank calls back its 2021 maturity

Welcome to Nairametrics‘ summary of the daily performance of major economic indicators and highlights from trading sessions and key statistics such as Treasury Bills and Bonds.
Prices of tomato

Tomato prices drop as sellers lament high tariffs on imported rice

The lastest Nairametrics household survey has revealed that the prices of most food items across major Markets in Lagos have not recorded significant changes in the last two weeks.
Corporate Actions

CORPORATE ACTIONS: Baba Ijebu Moves and Billions in a pocket

While Femi Otedola's exit from @forteoilng was major news last week, @oando_plc vs @secnigeria court case resumes next week
Geregu power plc

Otedola shifts focus to Geregu Power Plc with a $1 billion investment

Billionaire investor and businessman, @realFemiOtedola, has revealed plans to shift focus to power with a plan to invest $1bn into Geregu Power Plc, following the recent sale of Forte Oil Plc. 
Pharmacists enraged after NAFDAC increased drug registration from N1m to N4million

Pharmacists enraged after NAFDAC increased drug registration from N1m to N4million

Drug prices in Nigeria may increase by as much as 100 percent in just a matter of weeks. This is because of the recent hike in the price of drug registration by the National Agency for Food and Drug Administration and Control (NAFDAC).
Airtel Africa listing on Nigerian Stock Exchange, Airtel Africa share price, Airtel Nigeria, Bharti Airtel, Airtel Africa, India, Stock Exchange, Qatar Investment Authority, Investment

Airtel Africa has announced its listing price on the NSE

Days to its listing on the Nigerian Stock Exchange (@nsenigeria), Airtel Africa has disclosed its share price for Nigerian investors. The network operators' share price will triple that of MTN Nigeria who listed in May 2019.
AFEX Commodities Exchange Limited

With “trading stories”, AFEX introduces the market to its education platform

Private-sector Commodities exchange firm, AFEX Commodities Exchange Limited, invited some journalists for a training session to introduce the market to its EdEx initiative.
Nigeria may lose $765 million worth of cocoa

Nigeria may lose $765 million worth of cocoa to bad weather

Nigeria may lose $765 million worth of cocoa output due to the impact of heavy rainfall with the probability of black pod disease which could hurt the crop this farming season @cancocoa
Investors lose N713 billion in Nigerian Stock Exchange, Bargain hunting in stock market

An unlikely stock topped the gainers’ list this week.

The Nigerian Stock Exchange ended Friday’s trading session in positive territory. The All Share Index closed at 29,851.29 basis points, down 0.29%.
AFCON

Super Eagles to battle other teams for N1.6 billion as AFCON 2019 begins

As the 32nd edition of the 2019 African cup of Nations (AFCON) commences, the stage is set for 24 African teams to slug it out like gladiators for the prize money of $4.5 million.
Mr. Godwin Emefiele,

CBN offers corps members loans for a 7-year tenor

CBN has promised to offer loans to National Youth Service Corps (NYSC) members for a 7-year tenor, for the startup of small and medium scale businesses in an effort to curb unemployment rate in the economy. @cenbank @nysc_ng
President Buhari, List of National Economic Council members, National Economic Council ad hoc committee

See list of members of the National Economic Council

This is an introduction to the full list of the National Economic Council (NEC) which was inaugurated yesterday by President Muhammadu Buhari.
Nigeria's equities market

NSE says Islamic finance is poised to enhance Nigeria’s fortune

The Nigerian Stock Exchange (NSE) has disclosed that the country's Islamic finance sector is poised to contribute immensely to economic growth. 
NCAA to meet with Telecoms companies over mast demolition, NCAA begins demolition of masts, Broadband penetration

Telecoms operators bow to NCAA threat after 30-days ultimatum elapsed

Telecommunications companies have bowed to threat from the Nigerian Civil Aviation Authority (@NigeriaCAA) after the aviation agency double down on its threat to demolish 8,805 masts, most of which belongs to @GloWorld and eight tier-one banks.
Bolt launches Bolt for Business

Bolt launches new platform for “corporate trips”

On-demand transportation platform, Bolt, has launched Bolt for Business which is a new platform for corporate trips.
Buhari inaugurates new NEC

Buhari targets 65% inclusive primary healthcare as he inaugurates new NEC

@MBuhari has disclosed that the Federal Government has begun the implementation of the Basic Healthcare Provision Fund which is aimed at increasing the share of Nigeria’s population covered by primary healthcare to 63%. The President made this disclosure on Thursday while inaugurating the National Economic Council (NEC), for the next four years.
Ellah Lakes appoints new Managing Director, Ellah Lakes appoints Chuka Mordi, Ellah Lakes acquires Telluria Limited, Nigerian Stock Exchange NSE

Lafarge Africa Plc trades large volumes to emerge best performing stock

The Nigerian Stock Exchange ended Thursday’s trading session in negative territory. The All Share Index closed at 29,765.31 basis points, down 0.02%.
Oando to join Wale Tinubu's suit against SEC

Oando Vs SEC Saga: Deloitte threatens to release detailed forensic audit

Deloitte Touche Tohmatsu Limited has threatened to release the forensic audit it has against Oando Plc should it be pushed to do so.
PenCom

PENCOM to begin verification for retirees across some states

The National Pension Commission (PENCOM) said it has concluded plans to begin verification of prospective retirees across some states in Nigeria.
Stanbic IBTC Dividend 2018

Shareholders endorse Stanbic IBTC’s N15.36 billion dividend payout for 2018

Shareholders of Stanbic IBTC Holdings Plc yesterday approved a dividend payment of N15.36 billion, proposed by the board, for the 2018 financial year.
Wema Bank Plc

Baba Ijebu is now the largest shareholder in Wema Bank Plc

A new majority shareholder may have taken shelter in Wema Bank Plc, going by the recently-recorded spike in the company's sales volume. 

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Central Bank of Nigeria

CBN is set to recapitalise Nigerian banks again

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has announced that the apex bank is set to recapitalise Nigerian commercial banks.
Julian Osula, Julian's Luxury

Meet Julian Osula, the billionaire who disrupted traffic with a helicopter

Finally, the identity of the billionaire that disrupted traffic along Lagos-Benin Expressway has been revealed.
NPF Microfinance Bank loses N230 million to rogue staff

NPF Microfinance Bank loses N230 million to rogue staff

NPF Microfinance Bank in its 2018 financial statements disclosed a staff defrauded the bank of N230 million.