Nigerian investors warned against suspicious payment proposal by Partnership Investment Company
Adesola Afolabi
May 30, 2018
Nigeria’s Securities and Exchange Commission (SEC) has sent caution notice to investors on suspicious activities by Partnership Investment Company. In a notice placed on its website Wednesday, SEC said its attention has been drawn to an electronic message being circulated to investors on behalf of Partnership Investment Company Plc. and its subsidiaries captioned “Re Partnership […]
Transactions at NSE decline 22% in April
Adesola AfolabiMay 27, 2018
Total transactions at the Nigerian Stock Exchange (NSE) decreased by 22.11 percent from N272.48 billion recorded in March 2018 to N212.23 billion (about $0.70 billion) in April 2018. The reduction in transactions was fuelled majorly by the domestic investors as, total domestic transactions reduced by 36.05 percent from N140.27 billion in March to N89.70 billion […]
Analysts expect the bullish trend to be sustained this week
Businessam StaffMay 21, 2018
In the money market, the open buyback (OBB) and overnight (ON) rates declined w-o-w due to changes in system liquidity attributable to OMO and primary market repayments in the system. System liquidity significantly fell at the start of the week from a surplus of N579.6 billion in the prior week to a deficit of N68.9bn. […]
Afrinvest puts GTB, NB, Guinness, Dangote Cement, Mansard on watchlist for May
Businessam StaffMay 21, 2018
Analysts at Afrinvest Research say their equity watchlist for the month of May consists of Guaranty Trust Bank, Nigerian Breweries, Guinness, Dangote Cement, and Mansard. This is just as they recommend hold for stocks of PZ. A watchlist is a list of securities being monitored for potential trading or investing opportunities. It is a list […]
Ikeja Hotels resumes trading on Nigerian Stock Exchange after two-year suspension
Businessam StaffMay 19, 2018
The Nigerian Stock Exchange (NSE) has given the management of Ikeja Hotels the approval to resume trading after reviewing the two-year suspension placed on the shares of the company on Nov. 10, 2016. According to a ‘facts behind the restructuring’ document released by Tinuade Awe, NSE Executive Director Regulation, trading would commence on the shares […]
Analysts see equities market rebounding in near-term on attractive entry opportunities
Adesola AfolabiMay 14, 2018
Market analysts anticipate a rebound in the equities market in the near term, despite the bearish performance of last week, saying investors may take advantage of bargain hunting opportunities in the market. According to them, weak- ening share prices in the past two months in stocks with sound fundamentals may provide attractive entry op- portunities […]
New AMERC chair charges member countries on investor education, protection, as SEC Nigeria receives applause
Adesola AfolabiMay 9, 2018
The new chair of Africa and Middle East Regional Committee (AMERC), Paul Muthaura, has encouraged AMERC member countries to continue with efforts at key policy making and standard setting within the organisation. Giving his remarks at the ongoing 43rd IOSCO Annual conference in Budapest, Hungary, Muthaura said: “A lot needs to be done in the […]
West African exchanges converge for seamless cross border listings
Businessam StaffMay 7, 2018
The West African Securities Regulatory Authorities (WASRA) has agreed to converge existing rules of Capital Market regulatory agencies within the region in a bid to ensure that cross border listing is carried out with little or no hindrances. This is to allow foreign companies carry out their businesses within the region and assist in deepening […]
Mutual Benefits, GSK, emerge worst performing stocks in April as 70 stocks trade flat
Businessam StaffMay 6, 2018
A decline in the share prices of 67 stocks listed on the Nigerian Stock Exchange (NSE) in the month of April led to a 0.57 percent dip in the performance indicator of the NSE, the All-Share Index (ASI). Mutual Benefits and GlaxosmithKline (GSK) were the stocks that topped the list of the laggards in the […]
Investors bet on Oando after return as shares out-perform market in April
Businessam StaffMay 6, 2018
Oando Plc. Nigeria’s integrated oil and gas services provider, outperformed the performance indicator of the Nigerian Stock Exchange (NSE) to emerge the best performing stock for the month of April. The stock gained 52.8 percent in the course of the month, as against a 0.57 percent decline recorded by NSE benchmark index, the All-share Index […]