Nobel winner Robert Shiller says there’s still a risk of a full-blown bear market
Businessam Staff
January 23, 2019
U.S. stock markets may have recovered slightly from sharp falls at the end of last year, but there’s still a risk of a significant downward trend, Robert Shiller, a professor of economics at Yale University and a Nobel laureate, told CNBC Wednesday. “I’m not confident of my ability to predict, but I think there’s a […]
After resigning, World Bank chief joins Nigerian business man in private business
Businessam StaffJanuary 9, 2019
World Bank President, Jim Yong Kim, who announced his resignation from the international bank, has revealed he is going into private business practice with Nigerian born businessman, Bayo Ogunlesi. Financial Times reports that Jim Yong Kim would join Ogunesi’s Global Infrastructure Partners, a New York-based private equity fund, in a position, where he would be […]
Expect currency devaluation in 2019 – Vetiva
Afolabi OluwaseunDecember 18, 2018
Aanalysts at Vetiva Capital have hinted that the year 2019 could see the naira get devalued. In a monitored interview on CNBC, Ifedayo Olowoporoku, an analyst at Vetiva, said that in the year 2019, forex market pressures will persist, and could lead to the naira being slightly devalued towards the end of next year, forecasting […]
Nigeria’s equities market retreats, as ASI dips 0.82%
Adesola AfolabiDecember 10, 2018
The first trading day of the week at Nigeria’s equities market ended on a negative note with depreciation recorded across all major sectors, dragging the All Share Index (ASI) 0.82 percent down as investors began taking profit. The consumer goods index declined the most, down 2.3 percent following sell pressures in Nestle (-4.1%), Nigerian Breweries […]
Nigeria SEC takes e-Dividend campaign to South East
Businessam StaffDecember 4, 2018
The Securities and Exchange Commission (SEC) south east zonal office is to commence a sensitisation programme on the process and benefits of e-Dividend, multiple subscription, e-processes and other contemporary issues in the Nigerian capital market. The programme will take the form of town hall meetings with stakeholders and the general public The SEC said the […]
Wall Street recovers on anticipated hopes of trade truce, Powell’s speech in focus
Businessam StaffNovember 28, 2018
U.S. stocks gained on Wednesday on hopes of a trade truce between the United States and China at the upcoming G20 Summit, while investors looked forward to Fed Chairman Jerome Powell’s speech for clues on the path of interest rate hikes. Though President Donald Trump talked tough ahead of a high-stakes upcoming meeting with China’s […]
Rate hike on card as monetary committee meets
Moses ObajemuNovember 14, 2018
The) of the Central Bank of Nigeria (CBN) is to meet on Monday and Tuesday next week to consider key macro economic indices and other monetary policy issues ahead of the general elections next year. Informed industry sources say the Monetary Polic Rate (MPR) may be reviewed upward from the present 14 percent. The MPR […]
SEC to roll out regulations guiding capital market Fintech products – Uduk
Adesola AfolabiSeptember 12, 2018
In its desire to transition towards a technology driven capital market as well as protect investors, the Securities and Exchange Commission, SEC, has said that the Commission would soon come out with regulations that would guide such products in the capital market. Mary Uduk, acting director general of SEC disclosed this Wednesday during the presentation […]
SEC confirms discussions with MTN Group on $500m initial public offering
Businessam StaffApril 25, 2018
The Securities and Exchange Commission (SEC) Wednesday confirmed it was in discussions with MTN Group on the company’s planned $500 million initial public offering (IPO), bringing to a close speculations that the telecoms company was yet to make a move on listing its shares on the Nigerian Stock Exchange (NSE). According to a News Agency […]
Bullish outlook seen for SSA private equity investments as consumer-focused sector to gain most
Businessam StaffFebruary 11, 2018
Consumer-focused sectors, which include food and beverages, healthcare and pharmaceuticals, agriculture and agribusiness, as well as financial services, rank among the top PE sector focus areas in Africa, with West and East Africa taking the lead, according to the 2017 Deloitte Africa Private Equity Confidence Survey. Both the IMF economic growth projections as well as […]