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

Modex, the smart contract marketplace, has announced the signing of Google executive as its latest advisor. Onur Bildik, a Google seasoned business professional, advises large brands on digital transformation and marketing strategies. Bildik’s success has been in mentoring start-ups and newcomers at both Google Campus and in the new...
FCMB Group Plc has successfully completed the acquisition of an additional 60 percent equity stake in Legacy Pension Managers Limited (Legacy). The acquisition, which increases the holding company’s interest in the company from 28.2 percent to 88.2 percent, was concluded at the Completion Board Meeting of Legacy on Tuesday, November 21, 2017 in Abuja. The completion of the transaction follows the approvals of...
Pan-African entrepreneurial training program, seed fund, and incubator MEST today announced the launch of two new Incubator spaces in Lagos, Nigeria, and Cape Town, South Africa, as the program continues to expand its presence across the continent. The spaces will join the flagship headquartered in Accra, Ghana, as part of a...
The Nigerian Stock Exchange, in a notice issued on its website, has called for inputs from the investing public regarding its proposed rules and rule amendments. The exchange is proposing the following  amendments: Amendments to Information Disclosure Rules The Exchange is proposing amendments to Chapter 17 of the Issuers’ Rules with respect...
In a notice sent to the Nigerian Stock Exchange (NSE) today, Beta Glass Plc announced the appointment of  Seun Oni as an Independent Director. Seun Oni has a Bachelor of Science degree in Economics which she obtained from the University of Lagos in 1989. She also participated in various management...
Daily performance from the Nigerian Stock Exchange for the trading day ended 15th November 2017. Nigerian stocks closed trading on a negative note as the all share index dropped -0.91%. Market capitalization at the close of trading was N12,673,189,600,688.43.   Highlights of today’s trading session. NSE All Share Index was...
In a notice released to the Nigerian Stock Exchange (NSE) today, UACN Plc has announced the opening of its rights issue. 960,432,193 ordinary shares of 50 Kobo each at the offer price of N16 per share on the basis of one (1) new ordinary shares for every two (2)...
The Nigerian Stock Exchange (NSE or Exchange) is pleased to announce that it has upgraded its website, to be mobile friendly with a cleaner layout and navigatio​n befitting of the brand. The upgraded website will enable users to access infor​mation quickly and easily on the various products and instruments...
Daily performance from the Nigerian Stock Exchange for the trading day ended 14th November 2017. Nigerian stocks closed trading on a negative note as the all share index dropped -0.96%. Market capitalization at the close of trading was N12,789,465,341,373.59.   Highlights of today’s trading session. NSE All Share Index was...
Dangote Industries Limited (DIL) has sold an additional stake in Dangote Cement to investors based in Dubai. 128.7 million shares were sold at a price of N210 per share with an estimated value of N27 billion. DIL is the investment vehicle through which Aliko Dangote maintains a controlling stake...
President Muhammadu Buhari this week presented the 2018 budget to the National Assembly. Below are a list of stocks, that could likely benefit from the government spending. Stocks in the agriculture sector President Buhari, during his budget presentation speech highlighted his administration’s achievements in the agricultural sector so far and the...
The Nigerian Stock Exchange (“NSE” or “The Exchange”) confirmed today that Mr. Ade Bajomo, Executive Director, Market Operations and Technology has resigned his appointment effective December 31, 2017 to pursue other challenges. Also, Mr. Haruna Jalo-Waziri, in light of his recent appointment as the Chief Executive Officer of CSCS...
Imagine owning a business that post no revenues? This is often synonymous with Startups and businesses still at conceptualization stages. Now, imagine if this business is decades old and publicly listed on the Nigerian Stock Exchange. Union Dicon Salt Ltd, a publicly quoted Nigerian company, has for 23rd straight quarter...
Lagos, Nigeria November 7 – ASPM Limited, a subsidiary of OVH Energy Limited, achieved a ground-breaking milestone as it launched its Lagos Midstream Jetty (LMJ) located at the Lagos Apapa Harbour. The Lagos Midstream Jetty is West Africa’s first privately owned mid-stream jetty, conceived by Oando PLC to increase...
To make money in Nigeria, you have to study the economy and what thrives in it. You can’t possibly sell winter jackets and expect to get returns from it, our weather is not inclined in that way. That said, this review basically points out ventures that work in Nigeria...
In a notice sent to the Nigerian Stock Exchange today, Diamond bank announced the appointment of Christopher Ubosi to its board as an independent non executive director. Approval for the appointment, was granted by the Central Bank of Nigeria on the 3rd of November 2017. Christopher Ubosi has a B.Sc...
  Daily performance from the Nigerian Stock Exchange for the trading day ended 7th November 2017. Nigerian stocks closed trading on a positive note as the all share index rose 0.22%. Market capitalization at the close of trading was N12,810,285,843,510.74.   Highlights of today’s trading session. NSE All Share Index was...
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 per...
Daily performance from the Nigerian Stock Exchange for the trading day ended 6th November 2017. Nigerian stocks closed trading on a negative note as the all share index dropped -0.22%. Market capitalization at the close of trading was N12,781,651,985,420.91.   Highlights of today’s trading session. NSE All Share Index was...
Traditionally, investors’ appetite and need for income comes from fixed income instruments like treasury bills and bonds. Until recently, 10-year Nigeria treasuries have delivered an average yield in the upwards of 15% thereby providing a high level of income to investors with a relatively minimal level of risk. However,...
Daily performance from the Nigerian Stock Exchange for the trading day ended 3rd November 2017. Nigerian stocks closed trading on a negative note as the all share index dropped -0.33%. Market capitalization at the close of trading was N12,763,071,708,914.15. Highlights of today’s trading session. NSE All Share Index was...
Investment Incentives NIPC and FIRS intend to offer.These Investment incentives are geared towards encouraging and aiding private sector participation in the recovery and growth of the nation’s economy. This programme is set to be unveiled today in Abuja by the Nigerian Investment Promotion Commission (NIPC) and the Federal Inland...
Lafarge Africa, today submitted an application to the Nigerian Stock Exchange (NSE) for the approval and listing of a proposed rights issue. Here are key highlights of the proposed rights issue. The company is offering  3,097,653,023 Ordinary Shares of 50 Kobo each at N42.50 kobo per share...
Oando Plc sent in this press release providing insights into their performance. The company reported strong third quarter pre-tax profits, its first quarterly profits in about 2 years. Here is the press release; Nigeria’s leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, today announces unaudited results...
Daily performance from the Nigerian Stock Exchange for the trading day ended 1st November 2017. Nigerian stocks closed trading on a positive note as the all share index rose 0.56%. Market capitalization at the close of trading was N12,766,551,769,005.77.   Highlights of today’s trading session. NSE All Share Index was...
Daily performance from the Nigerian Stock Exchange for the trading day ended 30th October 2017. Nigerian stocks closed trading on a positive note as the all share index rose 0.06%. Market capitalization at the close of trading was N12,627,107,633,966.09.   Highlights of today’s trading session. NSE All Share Index was...
Cardinal Stone: Late Thursday (oct 26th), Morgan Stanley Capital International (MSCI) announced that Nigeria stocks will remain part of its frontier index and are no longer under review for a possible demotion to a standalone status. The decision was hinged on improved FX liquidity in the Nigeria market, likely...
Ecobank Trans International has announced the successful placement of $400 million convertible debt. The convertible debt was structured in three tranches: The first, a convertible loan facility of $250 million was arranged through Public Investment Corporation (PIC) of South Africa, an institutional holder. The second tranche consisting of $140 million convertible...
Daily performance from the Nigerian Stock Exchange for the trading day ended 27th October 2017. Nigerian stocks closed trading on a negative note as the all share index dropped -0.15%. Market capitalization at the close of trading was N12,619,481,251,643.94.   Highlights of today’s trading session. NSE All Share Index was...
Guinness Nigeria Plc has released its 2018 first quarter results for the period ended September 2017. Here are highlights of the results; 30% revenue growth and 24% gross profit increase for quarter one 2018 fiscal year. Operating profit of N2.6bn, N2.0bn improvement compared to...