Global markets surge on China-U.S. trade truce, dollar dips, yuan up

December 4, 2018

A temporary ceasefire in the U.S.-China trade war boosted global stocks to their highest in about three weeks on Monday, while sending the dollar lower and the Chinese yuan and several trade-dependent currencies higher. The rally in equities follows an agreement reached between Washington and Beijing at the G20 summit in Argentina on Saturday that […]

Nigeria SEC takes e-Dividend campaign to South East

December 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 […]

Access Bank collaborates with firm to end violence against women

November 28, 2018

Access Bank Plc, a female friendly bank, has, through its ‘Women Network’, partnered with Genesis House to organise the 4th edition of the annual ‘Orange Lecture’ on Friday, November 30, 2018 in Lagos. The essence of the collaboration is to support vulnerable women who have been sexually exploited through mentoring, as well as equip them […]

CRe Investment to acquire all outstanding shares of CRe Nigeria

November 27, 2018

 Afolabi Oluwaseun The board of directors of Continental Reinsurance Plc (CRe Nigeria) has announced that it has received an offer from CRe African Investment (CRe Investments), to acquire all the outstanding and issued shares of CRe Nigeria. In a bid to consolidate CRe Nigeria’s operations and repositioning it for enhanced competitiveness in the global insurance […]

Exploring the capital market window for universities’ funding

November 27, 2018

Uche Uwaleke The kernel of the current industrial action embarked upon by the Academic Staff Union of Universities is funding of public universities in Nigeria. The university teachers are not happy over the non-implementation of the Memorandum of Action (MOA) signed with the Federal Government with respect to revitalisation of public universities. Owing to increasing […]

New cost elements as hindrance to deflating unclaimed dividend funds

Adesola AfolabiNovember 27, 2018

It is still a long, winding road ahead to to the pleasure and company of the bales of money locked up in the unclaimed dividend fund for the thousands of retail investors who are encumbered by the cumbersome process involved and the cost of accessing the money. Lying idle in the unclaimed dividend fund is […]

Nigeria’s inflation falls, amidst rising food prices

Nse Anthony-UkoNovember 21, 2018

In sharp contrast to  analysts’ forecast, Nigeria’s annual inflation rate declined marginally to 11.26 per cent in October 2018 from 11.28 per cent in September. The official figure released on Wednesday by the National Bureau of Statistics (NBS) came amidst rising general price level for food items. Analysts at FSDH Merchant Bank and FDC had earlier […]

NSE all share index up on heavy transactions in consumer goods sector

November 19, 2018

Heavy trading in consumer goods blue chip companies propelled a bullish performance at the equities’ segment of the Nigerian Stock Exchange Monday, with the All Share Index (ASI) closing 0.51 percent higher at 32,201.9 points. Buy interests in Nigerian Breweries and Nestle Nigeria which increased 2.7 and 1.4 percent, respectively contributed to the positive performance. […]

SEC to ease deceased investors’ shares transmission 

Adesola AfolabiNovember 15, 2018

SEC moves against flow of illicit funds into capital market

The Securities and Exchange Commission (SEC) says it is addressing the challenge of shares transmission of deceased investors to their next of kin to make the process efficient and less cumbersome. Mary Uduak, acting director general of SEC said in Lagos on Thursday that the commission would engage with the probate registry and sensitise it […]