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.
Trading on Nigerian equities has dropped by 44%
Nigeria's equity market in the last 5-month, has experienced significant drop in its trading. This is according to data from the NSE.
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%.
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.
Oando leads this week’s watchlist as lawsuit against SEC resumes
@oando_plc leads the stocks to watch this week as a court case filed against the @secnigeria resumes hearing.
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
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.
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.
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%.
Chams Plc leads the losers in this week’s trading
@chams_plc led the losers on the @nsecontact this week, declining by 13.89%
Money market funds record highest investment of N563.9 billion
Money market fund has recorded the highest investment of N563.9 billion as the value of mutual fund investments hit N746.5 billion at the end of May 2019.
Nigerian Eurobonds Maintain Strong Rally as Global Central Banks Turn Dovish
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. This is brought to you by Zedcrest.
Presco Plc has a HOLD recommendation for next week
International Breweries Plc, Presco Plc, and Dangote Sugar Refinery all have a HOLD recommendation for next week.
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%.
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.
PMA Rates Trend lower as Market Players Oversubscribe the 1-yr bill by over 1,100%
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. This is brought to you by Zedcrest.
Shareholders endorse Eterna Plc’s dividend payment despite decline in profit
Shareholders of Eterna Oil and Gas Company Limited have approved a total dividend payout of N326 million for the financial year ended 2018, translating to 25 kobo per every 50 kobo ordinary share held.
Forte Oil Plc trades large volumes as NSE closes bearish
The Nigerian Stock Exchange ended Wednesday's trading session in negative territory. The All Share Index closed at 29,772.72 basis points, down 0.15%.
Nigerian Eurobonds Surge on Trump-Xi’s Planned Meeting at G-20 Summit
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. This is brought to you by Zedcrest.
The Federal Government is set to auction fresh N100 billion bonds
The Federal Government has offered for subscriptions another N100 billion bonds. According to a circular made available to the public, the Debt Management Office (DMO) disclosed that it has been authorised to receive applications for the bonds subscription.
Again, Champion Breweries top gainers chart
This is a summary of how bullish sentiment on the @nsenigeria, caused the ASI to close negative on the second day of trading this week.
Market Update: T-Bills market sustain bull run as CBN holds off on OMO
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. This is brought to you by Zedcrest.
NSE opens the week negatively as Royal Exchange leads worst performers
The Nigerian Stock Exchange ended Monday's trading session in negative territory. The All Share Index closed at 29,938.33 basis points, down 0.37%.
Year to date,...
Market/Economic Insight (June 10 to June 14, 2019)
The performance of the Nigerian Equity Market remained bearish last week with the index (NSE ASI) trending downward by 1.27% WTD to close at an index level of 30,046.70 and Market capitalization of N13.23 trillion. This represents 4 weeks low.
INSIGHT: Why you really should consider investing in mutual fund today
A Mutual Fund is a Trust or Company that pools money from many investors and invests in a specified class of securities such as stocks, bonds, real estate or a balanced mix of asset classes.
DMO’s first Eurobonds listed in tranches on FMDQ and NSE
The Debt Management Office (DMO) has listed its first Eurobonds on the FMDQ Securities Exchange and the Nigerian Stock Exchange (NSE).
Here’s a look at how Nigeria’s Pension Fund performed in Q1 2019
The latest pension statistics have shown that the Nigerian Pension Fund asset crossed the 9 trillion mark in the first quarter of 2019, a feat that analysts have largely attributed to the growing awareness campaigns which have influenced the willingness of Nigerians to take their retirement plan seriously.
Ellah Lakes takes the first spot in this week’s watchlist
Ellah Lakes Plc takes the first spot in this week's stocks to watch on the @nsenigeria
CORPORATE ACTIONS: More Drama and a New MD
Here is a rundown of corporate actions expected on the @nsecontact this week
Forte Oil leads this week’s gainers on the Nigerian Stock Exchange
@forteoilng was the best performing stock on the @nsecontact for the trading week ended June 15, 2019
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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.
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 in its 2018 financial statements disclosed a staff defrauded the bank of N230 million.