Toyin Sanni’s ‘Riding the Eagle’- to promote investment in Nigeria, says Uduk
Adesola Afolabi
February 4, 2019
Toyin Sanni, former chief executive officer of United Capital has written a book to assist investors participate actively and profitably in the Nigerian financial markets. The book has been endorsed by Mary Uduk, the acting director general of Nigeria’s apex capital market regulator- The Securities and Exchange Commission (SEC). ____________________________________________________________________ Describing the book as […]
S&P, Nasdaq boosted by Facebook results; eyes on trade talks
Businessam StaffJanuary 31, 2019
The S&P 500 and the Nasdaq got a boost from Facebook Inc’s stellar earnings on Thursday, while the Dow was weighed down by a bunch of disappointing quarterly results as investors awaited the outcome of the U.S.-China trade talks. Wall Street surged on Thursday after the U.S. central bank said it would be patient in […]
S&P 500 flat on mixed earnings, trade caution
Businessam StaffJanuary 29, 2019
The S&P 500 was little changed on Tuesday, as mixed earnings reports and concerns about the upcoming U.S.-China trade talks gave little impetus for markets to recover from a slide a day earlier. Initial releases in a bumper day of results showed 3M Co gaining 2.5 percent after a better-than-expected quarterly profit, while Verizon Communications […]
Gains by high cap stocks sustain uptrend in All Share Index to third consecutive session
Adesola AfolabiJanuary 24, 2019
For the third consecutive session this week, the benchmark index maintained a positive performance, advancing 0.4 percent to 30,989.6 points. The day’s performance was buoyed by gains in market bellwethers such as Dangote Cement that rose 1.1 percent, Guaranty Trust Bank that appreciated 1.8 percent and Access Bank that grew by 6.2 percent. Year-to-date losses […]
S&P, Dow dip on Commerce chief Ross’s trade comment; chips buoy Nasdaq
Businessam StaffJanuary 24, 2019
The S&P 500 and the Dow Jones Industrial Average dipped on Thursday after U.S. Commerce Secretary Wilbur Ross said the United States and China were a long way from resolving their trade dispute, while a rally in chipmakers lifted the Nasdaq. Ross told CNBC it was too early to judge where U.S.-china trade talks are […]
Active trading in Access Bank stocks as bank cancels EGM for rights issue approval
Adesola AfolabiJanuary 22, 2019
Access Bank Nigeria Plc has cancelled its extraordinary general meeting (EGM) scheduled to take place February 1st, 2019 and expressed its regret over any inconvenience the cancellation will cause shareholders in a notice filed with the Nigerian Stock Exchange. The bank’s EGM announced late last month was meant to address eight special business resolutions of […]
NSE lifts C & I Leasing Plc’s suspension
Afolabi OluwaseunJanuary 17, 2019
The Nigerian Stock Exchange (NSE), has lifted the suspension of trading in the shares of. C & I Leasing Plc The NSE, in a statement referred to its market bulletin dated 13 December 2018, which notified the public of the full suspension of the Company shares to enable the Registrars to update the register of members, sequel to the […]
Stocks turn red, pound finds some peace
Businessam StaffJanuary 17, 2019
Concern over China’s economic outlook and possible U.S. tariffs on European cars dragged stocks lower on Thursday, while an anti-climactic end to the latest chapter in the Brexit saga offered sterling a moment’s peace. Fresh news had been thin on the ground during the European morning, but dealers had more than enough to digest from […]
Tech stocks fuel rally as China combats slowdown
Businessam StaffJanuary 15, 2019
Technology shares spurred a rally in stocks after China ratcheted up stimulus measures to combat slowing growth. Treasuries fell and the dollar advanced. The S&P 500 gained the most in a week, pushing through the 2,600 level that it failed to breach on three occasions last week. The tech-heavy Nasdaq 100 recouped losses over the […]
NSE boss sees market uptick in 2019 H2
Adesola AfolabiJanuary 14, 2019
Oscar Onyema, the chief executive officer of the Nigerian Stock Exchange (NSE), Monday, expressed optimism of a market rebound in the second half (H2) of 2019. According to his prognosis, an expectation of uptick in market activity during the second half of 2019 is based on swift approval and implementation of the 2019 budget. […]