Transactions on the Nigerian equities market yesterday closed on a positive note to maintain the previous day’s bullish sentiment, as investors investment soar by N459.12 billion in two days. The stock market in the previous day appreciated by N317.5billion and yesterday it also gained N141.6 billion. Yesterday’s trading upturn was buoyed by investors’ buy-sentiment in […]
Tag: Stock Markets
The Central Bank of Nigeria (CBN) yesterday pegged at N10 billion the minimum paid-up capital for the establishment of the proposed Credit Guarantee Companies (CGCs) in the country. This was contained in a circular by the CBN titled, “Exposure Draft of Guidelines for Regulation and Supervision of Credit Guarantee Companies in Nigeria,” dated August 4, […]
Major streets, motor parks, schools and markets in many parts of the Southeast were yesterday deserted as residents observed the sit-at-home order handed them by the proscribed Indigenous People of Biafra (IPOB). From Enugu to Anambra and Abia, many residents said the fear of being attacked forced them to stay at home, while others said […]
Meyer has announced an interim dividend of N1.50, more than two times the price of the stock. The Nigerian Exchange Limited saw releases of a couple of earnings reports last week most of which were strong and promising. The mid-year earnings reports of some banks, especially the Big 5 Banks commonly called FUGAZ are due […]
The Capital Markets Awards nominations process has officially been opened for people to start voting for the best performing companies and individuals across the country’s capital markets. The prestigious awards ceremony, which is set for November 2021, is being held by Financial Markets Indaba (FMI) in partnership with Business Weekly. FMI director Patrick Muzondo, said […]
Minister of Human Settlements, Water and Sanitation, Lindiwe Sisulu, has congratulated Rand Water for successfully arranging an auction of just over R1.7 billion in senior and sustainability-linked notes, attracting over R4.5 billion in capital market bids. In a statement on Thursday, the Ministry of Human Settlements, Water and Sanitation said the auction comes when the […]
The Minister of Human Settlements, Water and Sanitation, Lindiwe Sisulu, has congratulated Rand Water, an entity of the Department of Water and Sanitation for which successfully arranged the auction of just over R1.7 Billion in senior and sustainability-linked notes, which attracted over R4.5 Billion in capital markets bids. The auction comes when the capital markets […]
Net zero portfolios may frustrate net zero in the real world. Our firm is committed to achieving net zero emissions by 2050. At the same time, we decline to pretend that decarbonising portfolios is the same as decarbonising the real world. Take the standard MSCI index of global equities. A portfolio manager needs to simply […]
Determined to create more opportunities for Nigerians and close the unemployment gap in the country, the Buhari administration has over the years, prioritised employment generation by integrating job creation in all its major policies, projects and programmes, according to Vice President Yemi Osinbajo. Professor Osinbajo disclosed this on Monday at the formal presentation of the […]
– … as analysts weigh the pros and cons of new policy By the time Nigerian foreign exchange users approach their banks for their forex needs this week, after the ban on bureau de change operators from the direct supply of FX from the CBN, a regime of transparency, ease of transaction, and stability is […]
Family firms dominate the business landscape across economies – developing and developed. They are major contributors to both employment, availability of goods and services as well as to the economic growth, measured by gross domestic product (GDP). According to some estimates, family businesses account for over 50 percent of GDP in many markets, ranging from […]
Much as there is great expectation of more corporate reports, investors are paying attention to the ongoing meeting of the central bank’s monetary policy committee. Nigerian stocks rose 0.47 per cent on Monday, further stretching a string of gains that commenced last Thursday, but with profit-taking in the shares of <a target=”_blank” href=”https://www.premiumtimesng.com/news/headlines/444476-united-capital-africa-prudential-top-stocks-to-watch-this-week.html”>United Capital and […]
Abuja — THE Executive Secretary of the Nigerian Content Development and Monitoring Board, NCDMB, Engr. Simbi Wabote has disclosed that the board recovered close to $100 million from oil and services companies in unremitted levy to the Nigerian Content Development Fund in seven years. Wabote, who disclosed this at the opening of the 2021 Nigerian […]
ZSE-Listed microfinance bank, GetBucks has recorded a significant decline in transactional volumes owing to high levels of informalisation in the economy that has swayed potential depositors away from the formal banking system, the company has said. In its latest trading update, the financial institution reported a 5.8 percent decline in transactional volumes during the five […]
Government has promulgated Statutory Instrument (SI) 184 of 2021 that will operationalise the much-awaited agriculture commodities exchange, the Zimbabwe Mercantile Exchange (ZMX). In this regard, the exchange originally scheduled for launch during the first quarter of 2021 is expected to go live next month following establishment of the rules and regulations. Through the SI, the […]
Ugandan suppliers looking at providing goods and services to the oil and gas sector need to build partnerships with their local, regional, and international counterparts if they are to fully participate in the multi-million dollar opportunities expected to flow in the coming months. Experiences in the oil and gas development in various parts of the […]
“The plan is if we can get it to Kano, then it can continue all the way to Algeria at the Trans-Saharan gas pipeline and then link up with the Algerian pipeline and then we move it to Europe.” The Federal Government says it is targeting Trans-Saharan and European markets with the ongoing construction of […]
The federal government has announced that it will not accept any further increase in tariff at the nation’s seaports. In a yet to be published circular obtained by THISDAY, titled, “Public Notice to Terminal Operators, Shipping Companies and Other Regulated Service Providers in the Port Sector,” the Nigerian Shippers Council (NSC) said it will not […]