Nigerian stocks added N245 billion last week and the market is expected to maintain the momentum this week. Last week, Nigerian stocks added N245 billion as the market reported appreciation on all trading days except Tuesday, with corporate actions and other developments shaping Premium Times Stocks to Watch. We have put together a few stocks […]
Tag: Stock Markets
Dar es Salaam — The sale of communication towers has become a common agenda for telecommunication firms because of the high costs and complexities associated with their running, analysts said yesterday. The views come at a time when Airtel Africa Plc has agreed to sell off Airtel Tanzania’s tower portfolio in a deal valued at […]
The African Development Bank Group and the Securities and Exchange Commission (SEC) of Ghana today launched a $400,000 project to strengthen the development of Ghanaian capital markets. This follows the signing of a grant agreement to develop a risk-based supervisory solution for the local capital market. The grant, from the African Development Bank’s Capital Markets […]
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Nigeria: NECA Rewards Companies
Some Nigerian companies in various sectors of the economy were recently rewarded for their contributions to the economic development of the country at the median Annual Employers Excellence Awards organised by the Nigeria Employers Consultative Association (NECA). Among the awardees were Dangote Fertilizer/Projects, MTN Nigeria Limited, British American Tobacco Nigeria Limited, Capital Hotels Plc, Cititrust […]
The Federal government says over 70 per cent of corruption cases in the country are perpetrated by persons who use anonymous companies. It however, disclosed that over $1 billion had so far been recovered by governments using beneficial ownership data. The minister of Trade, Industry and Investment, Otunba Adeniyi Adebayo disclosed this on Monday in […]
The all-share index and market capitalisation each rose by 0.72 per cent. Two public holidays observed for the celebration of the Eid-Fitr festival last week kept activity in the equity market low, depressing the volume of trade by more than 40 per cent. But that did not keep stocks from enlarging in value, even though […]
Nairobi — The Nairobi Securities Exchange (NSE) Plc officially launched its Unquoted Securities Platform (USP). The USP is a market infrastructure that facilitates the trading, clearing and settlement of securities of unquoted companies in Kenya. According to the company, this development is part of NSE’s ongoing initiatives to ensure our market is able to facilitate […]
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Tanzania: Dse’s Bullish Trend On Horizons
DAR ES SALAAM Stock Exchange (DSE) is projected to record a positive momentum this week as the market is expected to fully factor-in bank’s results. Some equity prices surged last week but failed to increase market turnover which plunged by almost 90 per cent to 337.95m/-. Vertex International Securities said in its Weekly Market Review […]
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Tanzania: Ttcl Targets 6 Pc Market Share
TTCL Corporation is planning to increase its market share by going both in rural and urban areas. The telecom, full-owned by the government, is targeting to increase its market share from current 2.0 per cent to 6.0 per cent at the end of this year. TTCL, Acting Commercial Director, Laibu Leonard, they would reach their […]
Listed companies reporting their latest financials have effectively defied claims made by former finance minister, Tendai Biti the Reserve Bank of Zimbabwe foreign exchange auction system was a rigged platform. Biti is on record as saying the system which was launched in June 2020 was a charade set to implode once all economic fundamentals kick […]
The Zimbabwe Stock Exchange had its best closing month in more than a year after its market capitalisation closed at $531.7 billion. Since October 2020, the ZSE has closed higher than the previous month. Turnover for June, was also the second-highest for the period under review. Meanwhile, for the week to 31 March 2021, the […]
The African Development Bank on Tuesday launched the second phase of the West African Capital Markets Integration (WACMI) Project to establish a common securities listing and trading platform across West African bourses. In December 2020, WACMI received a grant of $850,000 from the Capital Markets Development Trust Fund (CMDTF), a multi-donor fund administered by the […]
RESERVE Bank of Zimbabwe (RBZ) foreign currency auction system has to date supported 788 companies with foreign currency in a development which has established the bank as the dominant US dollar source for business. Last week, the central bank published a list of 100 companies and this week an additional list of 688 companies was […]
Premium Times Stocks to Watch collates equities with a potential for a good return on investment. Nigerian stocks depreciated last Monday, Wednesday, and Friday but gained on Tuesday and Thursday, with the development, corporate actions, and other market activities shaping Premium Times Stocks to Watch. We have assembled a number of stocks you should watch […]
The House of Representatives Committee on Host Communities yesterday alleged that the Federal Government and oil companies were shortchanging host communities. The chairman of the committee, Dumnamene Dekor, during an inaugural address at the first meeting of the newly formed committee in Abuja, said the neglect being suffered by oil bearing communities in the Niger […]
The shift makes the NSE the 57th exchange in the world to embrace such a transformation since Sweden’s Stockholm Stock Exchange piloted the move in 1993. The Nigerian Stock Exchange (NSE) will henceforth run as a public company limited by shares, rather than a private company limited by guarantee of owners or members after consummating […]
The Nigerian firm is considering listing in the U.S. Flutterwave, an Africa-focused payments company, on Wednesday announced that it has secured $170 million from a leading group of international investors to expand its customer base in existing and international markets and to develop new products. With this, Flutterwave could consider a New York listing, a […]
The African Development Bank Group today signed a $400,000 grant agreement with the Securities and Exchange Commission of Nigeria to strengthen securities market regulation and broaden market instruments. The funds will go towards strengthening the risk-based supervision framework, regulation of derivatives and green bonds, and build capacity for green finance. The grant will be sourced […]