Toluse Francis November 22, 2017

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 plans to do more. […]

Toluse Francis November 22, 2017

In its bid to improve the living standard of its host communities, Shell Petroleum Development Commission (SPDC) in a statement released recently said it had spent $29.8million on social investment projects and also awarded 94% of their contracts to indigenous firms in line with the local content initiative of the government. This was valued at […]

Toluse Francis November 22, 2017

The National Bureau of Statistics reported on Monday that Nigeria recorded a Real GDP Growth rate of 1.4% for the 3rd quarter of 2017, solidifying Nigeria’s exit from recession. The report also revises Nigeria’s second quarter GDP to 0.72% from 0.55% previously reported. By all account, things seem to be moving in the right direction, […]

Toluse Francis November 21, 2017

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) ordinary shares held as at 19 […]

Ekemini Ekpo November 16, 2017

Let me open this discussion by first saying that I will be very brief and straight to the point, but without losing sight of what we are here for. Our concern today is banks in Nigeria and their functions. Firstly, in Nigeria, we have commercial banks, merchant banks, specialized banks, development banks and the central […]

Toluse Francis November 16, 2017

  Flash back – Era of predatory banking It was the early 1990s and the government of Ibrahim Badamasi Babangida (IBB), former dictator and Military President of Nigeria, had just decided to liberalize the banking sector. As part of the Structural Adjustment Programme (SAP)-induced economic reforms, his administration oversaw the issuance of a flurry of […]

Toluse Francis November 9, 2017

  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 Plc, has resigned his position […]

Chinedu EzeIfedigbo November 8, 2017

  The worldwide online payments system, PayPal has finally lifted the ban on Nigeria thereby enabling Nigerian sellers to start receiving money online through PayPal. Before now, Nigeria was one of the countries with restricted PayPal services such that a Nigerian could link his/her ATM card issued by a Nigerian Bank to his/her PayPal account […]

Toluse Francis November 6, 2017

Adeolu Bajomo, the Nigerian Stock Exchange Executive Director for Market Operations and Technology has resigned his appointment. Though Bajomo did not give any reason for his action, sources revealed to Nairametrics he had gotten a job with a foreign bank that was about to expand its African operations. The NSE is yet to issue a […]

Toluse Francis November 4, 2017

    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 36,877.15 down -0.33%. Market capitalization closed at […]

Toluse Francis November 3, 2017

Investment incentives are geared towards encouraging and aiding private sector participation in the recovery and growth of the nation’s economy. This program is set to be unveiled today in Abuja by the Nigerian Investment Promotion Commission (NIPC) and the Federal Inland Revenue Service (FIRS).

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