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1-5-2017 / FEDERAL GOVERNMENT OF NIGERIA (FGN) SAVINGS BONDS
FEDERAL GOVERNMENT OF NIGERIA (FGN) SAVINGS BONDS INTRODUCTION In March 2017, the Debt Management Office(DMO) on behalf of the Federal Government of Nigeria (FGN) has introduced a retail savings product - the FGN Savings Bonds, tar...

24-6-2016 / Fuel importation will end in 2019 – Kachikwu
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, on Thursday said the country would end fuel importation by 2019. He said there was an ongoing investment drive towards meeting the infrastructure requirements for local refining of c...

24-6-2016 / Naira extends gains, sells for 281/dollar
The Central Bank of Nigeria sold dollars on the interbank market for the fourth day to ease dollar shortages after it floated the currency, Reuters quoted traders to have said. The naira was said to have traded at 283 to the dollar at 12:49pm on T...

21-6-2016 / CBN okays Wema Bank as FXPD
Wema Bank Plc on Monday announced that it had been appointed as one of the primary dealers in the foreign exchange inter-bank market by the Central Bank of Nigeria. The bank said in  a statement that with this new appointment, it was position...

21-6-2016 / Floating exchange rate, a positive step – CIS
The Chartered Institute of Stockbrokers has lauded the Central Bank of Nigeria for the re-introduction and re-modelling of the floating single foreign exchange policy, saying it is a positive and bold step. The move, it noted in a statement on Mon...

20-6-2016 / Banks urge customers to submit forex bids ahead
Deposit Money Banks have asked customers to submit bids ahead of the start of new interbank foreign exchange trading on Monday. The Central Bank of Nigeria had on Wednesday announced plans to begin market-driven trading of the naira to alleviate c...

8-4-2016 / Shareholders laud GTBank dividend payout for 2015
For increasing shareholders value on investment through robust dividend payout and adherence to corporate governance principles, shareholders’ of Guaranty Trust Bank Plc, on Tuesday, commended the company’s board on its 2015 performance, as they appr...

15-2-2016 / Forte Oil profit rises by 30%
Forte Oil Plc recorded a profit after tax of N5.79bn in 2015, representing a 30 per cent increase over the previous year. The company, while announcing its financial results, described the release of the full-year audited result as a feat in the h...

30-11-2015 / SEC okays NASD rules for market makers
The NASD OTC Plc says the Securities and Exchange Commission has approved its rules rules for market makers in its over-the-counter market. Market makers are also known as liquidity providers and they contribute towards better price discovery and ...

20-10-2015 / Stocks rebound, erase last week’s N114bn loss
Stocks on the Nigerian Stock Exchange rallied on Monday to lift the market capitalisation of the listed equities by N132bn or 1.29 per cent from N10.253tn to N10.385tn, erasing last week’s loss. Across the five trading sessions of last week,...

20-10-2015 / NSE restructures legal department, council secretariat
The Nigerian Stock Exchange has announced the restructuring of its legal department and council secretariat for greater efficiency. As part of the restructuring, the Exchange has separated its legal department from the council secretariat and appo...

20-10-2015 / SEC seeks greater share of $2tn Islamic funds
To increase the depth of the Nigerian capital market and unlock its potential, it is important for the market to attract more of the over $2tn assets under management in the Islamic financing industry, the Securities and Exchange Commission has said....

18-8-2015 / Dangote Cement helps stocks halt seven-session fall
Gains by Dangote Cement Plc and 11 other stocks on Tuesday helped the equities segment of the Nigerian Stock Exchange to close on a positive note for the first time in eight trading sessions. Dangote Cement rose by 4.97 per cent or N8.52 to close ...

18-8-2015 / Access Bank completes N41.8bn rights issue
Access Bank Plc on Tuesday said it had successfully completed the rights issue of N41.8bn ordinary shares at N6.90 per share. The bank had opened the issue on January 26, 2015, offering one ordinary share for every existing three units at a price ...

21-7-2015 / Oando, 27 others lift NSE index by 0.92%
The Nigerian Stock Exchange All-Share Index began the week on a positive note, extending the gains recorded at the close of trading last week after 11 consecutive days of losses. Trading resumed on Tuesday on the floor of the NSE after public holi...

4-5-2015 / Vitafoam proposes N246m dividend, profit rises by 67%
Vitafoam Nigeria Plc has proposed a dividend of N246m for the 2014 financial year after growing its profit after tax by 67 per cent during the year. The proposed dividend, which is subject to the approval of the company’s shareholders at its...

4-5-2015 / IKEDC, IBEDC now tradable on NASD OTC
The shares of Ikeja Electricity Distribution Plc and the Ibadan Electricity Distribution Plc can now be traded on the NASD Plc’s over-the-counter market. This followed the admission of both companies and seven others by the NASD OTC for trad...

4-5-2015 / Lafarge Africa declares N8.6bn PAT for Q1
Lafarge Africa Plc made profit after tax of N8.6bn in the first quarter of 2015 with its revenue for the period rising by 15 per cent year-on-year to N57bn. The cement and building solutions provider said while the group’s revenue was up by ...

14-4-2015 / Diamond Bank records 15% profit drop in Q1
Diamond Bank Plc suffered a 15.1 per cent decline in its profit after tax for the first quarter of 2015, the bank’s financial statements for the period, which were filed with the Nigerian Stock Exchange on Monday, showed. The statements for the thre...

14-4-2015 / Muted performance for equities after final elections
Equities recorded a muted performance on Monday, the first trading day following the governorship and House of Assembly elections across the country. Although the market capitalisation of the listed equities rose by 0.75 per cent to N11.991tn, it wa...

8-4-2015 / Analysis: Why FBNH is paying just 10kobo dividend and 1 for 10 bonus issue
FBN Holdings (FBNH) released its 2014 FY results showing profits rose 17% to N82billion compared to N70.6billion a year ago. The bank however surprised many by proposing a meagre dividend per share of 10 kobo and bonus issue of 1 for ever...

2-4-2015 / Fidson Healthcare records 310% profit growth
Fidson Healthcare Plc has released its audited results for the 2014 financial year on the floor of the Nigerian Stock Exchange, declaring significant growth in its profit for the year. Specifically, the company grew its profit before tax by...

2-4-2015 / Custodian and Allied declares N5.15bn profit
Custodian and Allied Plc has released its audited consolidated annual results for the year ended 31 December 2014, which showed that it made a pre-tax profit of N5.15bn. The group’s total assets base rose to N48.9bn, while its profit before...

2-4-2015 / Fidelity Bank declares N15.5bn profit for 2014
Fidelity Bank Plc on Tuesday said it made a profit before tax of N15.5bn for the 2014 financial year. The figure represents a 72 per cent increase on the N9bn it made in 2013. The bank, which grew its interest income by 21 per cent to N104b...

16-3-2015 / Access Bank declares N42.9bn PAT for 2014
Access Bank Plc made a profit after tax of N42.976bn in 2014, the bank’s audited results for the period showed. The figure represents an 18 per cent increase on its PAT for the 2013 financial year, which stood at N36.298bn. The results, f...

16-3-2015 / Lafarge Africa suffers 43% drop in profit
Lafarge Africa Plc has released its audited consolidated financial statements for the year ended December 31, 2014, reporting a 43 per cent drop in profit after tax for the year. The results, which the company filed with the Nigerian Stock ...

6-3-2015 / Zenith Bank announces N119.79bn pre-tax profit
Zenith Bank Plc has released its audited results for the 2014 financial year, declaring an 8.3 per cent increase in profit before tax. The results, published by the Nigerian Stock Exchange on Thursday, showed that the group’s PBT rose from ...

6-3-2015 / GTB declares N116.3bn profit for 2014
Guaranty Trust Bank Plc has announced a profit before tax of N116.385bn for the financial year ended December 31, 2014. The figure represents a nine per cent increase on the N107.091bn PBT it declared a year earlier. The bank’s profit aft...

5-3-2015 / NSE index edges higher as 26 stocks rise
The Nigerian Stock Exchange closed on a positive note for the third straight session this week on Wednesday with the NSE All-Share Index rising marginally by 13.8 basis points or 0.05 per cent to close at 30,614.93 basis points. The market ...

2-3-2015 / Investors show more interest in ETPs
February was more positive for the Exchange Traded Products segment of the Nigerian Stock Exchange with investors spending more on ETPs. Data from the Exchange showed that 509,433 units of ETPs worth N8.649m were exchanged by investors in 1...

24-2-2015 / Market capitalisation rises by N137bn
The stock market opened the week on a positive note with equities sustaining a rally, which started on Monday last week. The gains helped to lift the market capitalisation of the listed equities by N137bn or 1.39 per cent to N9.941tn as aga...

13-2-2015 / Emefiele urges investors not to panic
The Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, has called on Nigerians and investors not to panic as a result of the economic challenges the country is currently facing and uncertainty surrounding the forthcoming elections. ...

13-2-2015 / Nigerian Breweries declares N37.2bn dividend for 2014
Nigerian Breweries Plc says its Board of Directors has recommended a total dividend of N37.205bn for the 2014 financial year. The amount represents a pay out of N4.75 per ordinary share of fifty kobo each, a statement by the company’s Secre...

12-2-2015 / More pharmaceutical companies to list on NSE
More pharmaceutical companies are expected to approach the Nigerian Stock Exchange for listing in order to boost their capital base and enhance their operations, the Association of Industrial Pharmacists of Nigeria has said. The association...

4-2-2015 / SEC supports electronics share certificates
The Acting Director-General, Securities and Exchange Commission, Mr. Mounir Gwarzo, has said the commission is committed to dematerialisation in the capital market as one of the means of boosting investors’ confidence. Dematerialisation ref...

4-2-2015 / NSE index gains 0.45%, 27 stocks rise
The equities segment of the Nigerian Stock Exchange closed on a positive note for the second day this week on Tuesday on the back of gains by 27 stocks. The gains lifted the NSE All-Share Index by 136.07 basis points or 0.45 per cent from 2...

2-2-2015 / PENCOM partners mortgage firms on assets redeployment to capital market
THE Nigerian Pension Commission (PENCOM) said it is currently working with the mortgage refinancing companies to ensure that PENCOM assets are redeployed in the capital market.   A mortgage liquidity facility or mortgage refinance com...

2-2-2015 / Vitafoam results to be delayed
Vitafoam Nigeria Plc has notified the Nigerian Stock Exchange that there will be a delay in the release of the company’s audited financial statements for the year ended September 30, 2014 and the unaudited accounts for the first quarter ended ...

26-1-2015 / Oando announces extension of acceptance period for offer
TRANSACTIONS in the shares of some companies, especially, Oando and  Mutual Benefits Assurance,  last week, lifted the volume of shares traded, a turnover of 2.119 billion shares worth N25.941 billion were traded this week in 21,044 ...

26-1-2015 / Analysts optimistic about stock market
Despite the poor start made by equities to the year, capital market analysts have expressed optimism about the market, citing low price of shares and the expected rebound of crude oil prices as factors that will boost equities. In their out...

26-1-2015 / UBA boss sees no significant naira devaluation
The Group Managing Director and Chief Executive Officer, United Bank for Africa Plc, Mr. Phillips Oduoza, says he does not see any significant devaluation of the naira happening in the country as the country has enough external reserves to kee...