President Buhari and NASS exchange words over 2018 budget

In his speech after the signing of the 2018 budget, the President queried the alterations made by the legislature.

Diamond Bank seeks withdrawal of International Banking Lincense

Diamond Bank hopes to convert its current international banking license to a national banking license.

President Buhari signs 2018 budget

President Muhammadu Buhari has just signed the 2018 budget into law.
FBNQuest

This FBNQuest initiative will keep you aware of investment opportunities

The campaign is expected to keep the investing public informed about opportunities in the market.
Meyer Plc

Meyer Paints gets AMCON’s loan restructuring

Meyer Plc have reached an agreement with AMCON on a loan restructuring plan for the company.
MTN stand at TechFest 2018

NCC to transfer Visafone ‘resources’ to MTN

NCC has begun the process for the transfer of the license of Visafone Communications Limited to the new owner and digital mobile operator.
Yaw Nsakoh

Top earners: Executive Compensation of CEOs of Nigeria’s biggest companies

Have you ever wondered how much exactly some of Nigeria’s top CEOs earn per annum?

Union Homes REIT reveals real estate yields for properties in Ikoyi, VI, Abuja.

Union Homes Real Estate Trust (UH REITs) has provided their official rental yield data for their real estate properties located in Lagos and Abuja.
May & Baker

Hope for Sickle Cell patients as May & Baker commences production of NAPRISAN

May & Baker Nigeria Plc has signed an agreement with NIPRD for the commercial production of NAPRISAN.
Household food item

Local Vegetable Oil prices Drop in Latest Household Food Price Survey

Nairametrics Research on Household Food Items conducted from major markets in Lagos State reveals a general decrease in prices for the week ended June 16, 2018.

This company set out to be Nigeria’s answer to IBM

CWG Plc announced last week that it had been selected as one of the Meter Asset Providers by NERC.
Leapfrog

LeapFrog Investments takes up stake in ARM Pensions

The firm has reportedly acquired the stake held by Helios another private equity firm.

Word on the street: Lafarge, United Capital and MTN

If you have a stake, invest, or plan to invest on the Nigerian Stock Exchange, NASD, and like scoops, then this newsletter is for you.

This billionaire just cashed a fat cheque

Companies by law are expected to notify the exchange when directors trade in the shares of a company.

Stocks that made money for investors last week

Trading was for four days this week due to the Federal Government declaring Friday, June 15 and Monday, June 18, 2018, public holidays to commemorate the Eid-al-Fitr celebrations.
Paga

Meet Tayo Oviosu, The face behind Paga, Nigeria’s largest mobile payment platform

The drive to increase financial inclusion among Nigerians has continued to assume an increasing recognition among policymakers and investors

Ambassador Mumuni has resigned from the board of African Alliance

As though continuing the trend of corporate resignations this week, African Alliance Insurance Plc has announced that one of its Non-Executive Director, Ambassador Nurain Abayomi...
Palm Fruit Plantation And Palm Oil Production

PZ Cussons doubles down on palm oil

Fast Moving Consumer Goods (FMCG) player, PZ Cussons, has unveiled plans to increase its investments in the agricultural sector, specifically oil palm. Chief Executive...

Chart of the day: How Nigerian stocks fare in World Cup years

The FIFA World Cup takes place every four years. The 2018 edition tagged Russia 2018 begins today in Moscow.
Addax

Addax Petroleum confirms resignation of Managing Director

Addax Petroleum Development Nigeria Ltd. has confirmed the resignation of its Senior Vice President/ Managing Director, Colin Klappa
WallStreet Photo by Vandan Patel on Unsplash

How the latest US Fed Rate hike could affect your money

A rate hike or tightening is a signal that the United States Federal Reserve (Central Bank) want to cut back on the monetary expansion that has ensued since the global economic crisis of 2008.
11 Plc

Mobil Oil explains why its back to selling LPG, 20 years after exiting

In a notice sent to the Nigerian Stock Exchange (NSE) on Wednesday, 11 Plc (formerly known as Mobil Oil Nigeria Plc) announced the reopening of its Liquefied Petroleum Gas (LPG) business.

Inflation rate drops for the 16th consecutive time

The Nigerian Bureau of Statistics (NBS), on Wednesday, released the Consumer Price Index (CPI) for the month of May.
United Capital

Here is the new United Capital GCEO

In a notice sent to the Nigerian Stock Exchange (NSE) on Wednesday, the board of United Capital Plc has announced the appointment of Peter...

Meet the Oil and Gas billionaires of the Nigerian Stock Exchange

The oil and gas industry plays a critical role in Nigeria's economy. For the government, it is a key source of revenue. For individuals and businesses, petrol prices affect their daily spending and profit margins. 
Naira-Dollars

Why these foreign investors think the Naira will remain stable

Analysts at Franklin Templeton Investments and BlackRock Inc are of the opinion that the Central Bank of Nigeria will be able to keep Naira stable.

Why May was bad for your Pension funds

Nigerian pension funds took a major hit in May from the month’s volatile stock markets, suffering a drop in their performance for the first time in a very long while.
Daily Stock market report, Nigerian Stock market

Daily Market Summary: Oil & Gas stocks in high demand

 Market breadth closes at 1.24x Investors trooped into the oil and gas space, overturning the negative sentiments witnessed in the last...

Analyst declares Lafarge Stock a “sell”

Analysts at ARM have issued a sell rating for Lafarge Plc. They explain why in the ensuing article.
UBA Headquater, Lagos

Why UBA Plc is a “strong buy”

Analysts at ARM Research have placed a buy rating on one of Nigeria's largest banks United Bank for Africa.
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