Dangote Cement other bellwethers seen moving market volume this week despite index dipping 0.66% on opening day

Adesola AfolabiJune 19, 2018

Dangote

Investors are expected to take position in market bellwethers such as Guaranty, Dangote Cement, as well as other bellwether stocks currently trading at attractive entry prices says analysts at Afrinvest securities. The analysts also expect a rebound this week, following three days of successive losses in the market as investors seek for bargain hunting opportunities. […]

African banks key into an opportunity as Western lenders retreat

June 19, 2018

African bankers have long preached some version of what Tony Elumelu, UBA’s chairman, calls “Africapitalism”: the idea that far-sighted, home-grown businesses can drive development. In Nigeria banking reform in 2005 set off a wave of consolidation. The survivors were heftier and more profitable, with capital to invest abroad. Kenyan banks have used their edge in […]

The rise of unregulated payday lenders: A ticking time bomb!

June 19, 2018

It was supposed to be a serene and calm worship service at my local community church one Sunday, but angry policemen marched in, whisked away our head of children‘s department, took her down the community street and, to our chagrin, handed her over to some street urchins who began to beat even death out of […]

Lagos, Nigeria, identified must watch IPO market for 2018

Businessam StaffJune 14, 2018

Wildu du Plessis, head of capital markets group at Baker McKenzie in Johannesburg has identified Lagos Nigeria as a must watch market for 2018, saying: “More companies are lining up to list on the Lagos stock exchange, kick starting Nigeria’s IPO market after a long drought.” He said this while remarking on the Baker McKenzie’s […]

Nigerian stocks extend losing streak as NSEASI dips 0.26%

Businessam StaffJune 14, 2018

NSEASI

Nigerian stocks closed lower Thursday with benchmark index, the NSEASI, depreciating by 0.26 percent to close at 39,031.72 points. The day’s performance thus extends the bear-run, which began in the previous trade. The NSEASI had dipped 0.35 percent Wednesday. To this end, market year-to-date (YTD) returns stood at 1.79 percent. Despite the downtrend, market breadth […]

Dangote tops 100 best brands in Africa

Adesola AfolabiJune 13, 2018

Dangote group

Nigeria’s Dangote Group has emerged the most admired African brand of African origin by consumers ahead of telecommunications giant, MTN. The Dangote brand, which is also the leading brand in Nigeria, came tops in the fresh ranking of 100 best brands in Africa themed “Brand Africa: 100”, announced by the South African-based Brand Leadership movement […]

Nigerian stocks halt 2-d bullish run as sell-offs pare NSEASI 0.35%

Adesola AfolabiJune 13, 2018

The bears on Wednesday resurfaced at the Nigerian equities market as investors embarked on sell-offs, halting a two-day bull run with the benchmark index, the NSEASI declining  0.35 percent to settle at 39,031.72 points. Year-to-date (YTD) return consequently weakened to 2.1 percent from the 2.4 percent recorded in previous session, while the month-to-date gains moderated […]

High crude prices weighing on global oil demand, says BP

Bukola OdufadeJune 13, 2018

Global Oil Demand

Global oil demand appears to be showing signs of weakening as oil demand forecast this year dropped to 1.4 million barrels per day in response to higher oil prices, BP said on Wednesday. In its latest statistical review, it noted that global oil demand grew 1.7 million barrels per day last year, up 1.8 percent […]