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Investing in Nigerian equities, treasury bills, bonds, fixed deposits etc.

Leading stockbroking firms Meristem Securities and CSL Stockbrokers gave two different opinions on Access bank and PZ Cussons Plc in their stock recommendations released this week. While CSL rated Access a buy, Meristem rated it a hold. CSL rated PZ HOLD, while Meristem rated the company as SELL. Access Bank HY...
Daily performance from the Nigerian Stock Exchange for the trading day ended 20th September 2017. Nigerian stocks closed trading on a positive note as the all share index rose 1.04%. Market capitalization at the close of trading was N12,136,923,651,770.32. Highlights of today’s trading session. NSE All Share Index was...
Union Bank has today opened a N50 billion rights issue. The bank will be selling 12.1 billion ordinary shares at N4.01 per share at the rate of 5 new shares for every 7 held. The Issuing Houses involved in the transaction are Chapel Hill Advisory Partners Limited which is...
In a notice sent to the Nigerian Stock Exchange  (NSE)  on Tuesday, Forte Oil announced the suspension of its book building process. The company attributed its suspension of the offer to an ongoing corporate restructuring that would enable the firm maximize emerging opportunities in the Nigerian energy sector. The company...
Nestle Plc is one of the country’s major Fast Moving Consumer Goods (FMCG) companies. The Company has had a swell year on the Nigerian Stock Exchange, returning 49% year to date, out performing several of its peers in terms of price appreciation. Cadbury Nigeria, its closest competitor in...
The Central Bank of Nigeria will be auctioning treasury bills sales on Wednesday, the 20th of September 2017. The Primary Market Auction (PMA) for treasury bills will see a total of about N140.89 billion in treasury bills mature while the same amount will be subsequently rolled over. See breakdown; 91day treasury bills...
The Debt Management Office (DMO) on behalf of Federal Government is issuing a 7–year FGN Sovereign Ijarah Sukuk Due 2024 at a return of 16.47%. Sukuk is an investment certificate that represents ownership interest of the holder in an asset or pool of assets. The Offer for Subscription opened on...
The following companies will be paying dividends/closing their register this week Access bank Access Bank will be paying an interim dividend of 25 kobo per share. Payment date is on the 21st of September 2017. Access bank closed at N9.90 in Friday’s trading session, up 68% year to date. Nigerian Enamelware Plc Nigerian...
The Nigerian stock market closed the week ended September 15th on the losing end shedding about 2.65%. This was the worst week in about 7 weeks as investors blamed profit taking for the reason for the drop. Despite this drop, the All Share Index is still up year to date...
The Nigerian Stock Exchange recorded a massive correction as stocks fell to its lowest level in nearly two months at the close of trading September 15th, 2017. Reason for the decline Investors surveyed by Nairametrics suggest the decline was attributed to a market correction as investors old off to pocket more...
Daily performance from the Nigerian Stock Exchange for the trading day ended 15th September 2017. Nigerian stocks closed trading on a negative note as the all share index dropped -1.84%. Market capitalization at the close of trading was N12,067,986,059,661.63. Highlights of today’s trading session. NSE All Share Index was...
It is easy to get enamored with various investment opportunities available. The very idea of doubling your money quickly could make you commit some grave mistakes you ordinarily wouldn’t. Who can blame you though? Some deals are just too good to resist. The ideal thing is to identify these little...
Nairametrics| As audited accounts start to trickle in companies will propose dividend payments to their shareholders as recommended by their respective board of directors. It is also important to track these announcements to know who is eligible to collect dividend, when it will be approved and when it will...
Nairametrics| The Central Bank of Nigeria has released its 4th quarter 2017 Treasury Bills Issuance Calendar. See below; 4th Quarter of 2017 3rd Quarter of 2017 2nd Quarter of 2017 First Quarter of 2017 Nigerians interested in investing in Treasury Bills can mark these dates as that is when the next auctions will be...
Daily performance from the Nigerian Stock Exchange for the trading day ended 11th September 2017. Nigerian stocks closed trading on a negative note as the all share index dropped -0.81%. Market capitalization at the close of trading was N12,292,733,298,501.77. Highlights of today’s trading session. NSE All Share Index was...
The following companies will be paying dividends and closing their register this week. Unity Kapital Assurance Kapital Assurance will be closing its register from the 11th-13th of September 2017. Its AGM will take place on the 14th of September while dividend payment has been fixed for the 15th of September. The...
Daily performance from the Nigerian Stock Exchange for the trading day ended 8th September 2017. Nigerian stocks closed trading on a negative note as the all share index dropped -0.44%. Market capitalization at the close of trading was N12,393,480,070,680.79. Highlights of today’s trading session. NSE All Share Index was...
Daily performance from the Nigerian Stock Exchange for the trading day ended 7th September 2017. Nigerian stocks closed trading on a positive note as the all share index rose 1.42%. Market capitalization at the close of trading was N12,448,266,179,945.92. Highlights of today’s trading session. NSE All Share Index was 36,116.19...
In a notice to the Nigerian Stock Exchange (NSE), Beta Glass announced the appointment of Dr. Zulikat Wuraola Abiola as Independent Director. Dr. Z. Wuraola Abiola, is the Managing Director of Management Transformation Limited (MT), a management consultant firm. In this capacity, she has served clients at Nigeria and throughout Arica...
The Nigerian Stock Exchange snapped a 5 day losing streak after the all share index closed positively at 0.5%. The Nigerian Stock Exchange has been on a week long losing streak, which began last Wednesday (28th of August). The stock exchange also closed on a negative note, on Tuesday,...
Daily performance from the Nigerian Stock Exchange for the trading day ended 6th September 2017. Nigerian stocks closed trading on a positive note as the all share index rose 0.57%. Market capitalization at the close of trading was N12,273,475,784,608.19. Highlights of today’s trading session. NSE All Share Index was 35,609.07...
The Nigerian Stock Exchange currently has about 76 companies trading at their year lows. A stock's year low is the lowest price the stock is trading at in a 12 months period. To put this into perspective, the All share index has a total of about 173 active stocks...
Recent moves by China have lead to a drop in cryptocurrency prices. A committee set up by the Chinese Central Bank has placed an immediate ban on Initial Coin Offerings (ICOs). Several governments around the world have also made similar moves. Kim Jung Un the head of South Korea's...
The following stocks will be paying a dividend and closing their shareholders this week. Custodian and Allied Insurance Custodian and Allied Insurance will be paying an interim dividend of 5 kobo per share. Payment date is 5th of September. Custodian shares closed at N3.60 on Friday’s trading session, down 7.46% year...
Every August most investors expect a "ghost" to appear and scare everyone away. The ghost in the real sense is the bang on belief that the stock market will turn out bearish in August. For ardent investors in the Nigerian stock market, the month of August is easily one they...
Daily performance from the Nigerian Stock Exchange for the trading day ended 31st August 2017. Nigerian stocks closed trading on a negative note as the all share index dropped -0.35%. Market capitalization at the close of trading was N12,237,477,313,305.48. Highlights of today’s trading session... NSE All Share Index was 35,504.62...
International Breweries Plc in a notice to the Nigerian Stock Exchange has given an update on its proposed merger with Intafact beverages and Pabod breweries.  Here are key highlights from the notice: Pre-merger approval has been given by both the (NSE) and the Securities and Exchange...
Daily performance from the Nigerian Stock Exchange for the trading day ended 30th August 2017. Nigerian stocks closed trading on a negative note as the all share index dropped -1.48%. Market capitalization at the close of trading was N12,280,391,384,632.47. Highlights of today’s trading session... NSE All Share Index was 35,629.13...
Nairametrics| The table below contains a listing of all the results released in 2017 for companies quoted on the Nigerian stock exchange. It includes full year and quarterly results released from time to time and published on the website of the NSE. The table displays revenues, profits, taxes and earnings...
Shareholders of Unic Insurance Plc are officially beneficial owners of a new company named Unic Diversified Holdings Ltd. This was made known via a press release issued published in the website of the Nigerian Stock Exchange by Unic. Here is an excerpt of the press release Unic Diversified Holdings Plc is...