Bears maul Bulls as investors take flight

—Analysts fear more loses By OKEY ONYENWEAKU With Nigerian Stock Market Index turning negative growth after 19 weeks of positive year to date yields, investors are becoming increasingly jittery over the markets fortunes. For the first time in over four months the NSE market yield has dropped to levels similar to that of the South African Johannesburg More...

by Uchenna Ajah | Published 4 months ago
By Uchenna Ajah On Wednesday, May 16th, 2018

Shareholders caution Oando against Ansbury reconciliation

Some shareholders of Oando Plc on Wednesday cautioned its management against moves to reconcile with Ansbury Investments Incorporated, owned by Mr Gabriele Volpi. Oando  The shareholders: Pacesetters Shareholders More...

By Uchenna Ajah On Monday, April 30th, 2018

2019: Bulls take fright as market rally loses steam

By TESLIM SHITTA-BEY With the stock market looking drowsy from a fast-paced marathon race last year, bulls seem to have gone into a deep sleep as bears continue to prowl. Year to date yields on the Stock Exchange More...

By Felix OLOYEDE On Friday, April 27th, 2018

NSE to host 2018 ASEA conference

Oscar Onyema, NSE CEO The Nigerian Stock Exchange (NSE) has emerged the preferred host of the 22nd Annual Conference of the African Securities Exchanges Association (ASEA) scheduled to hold November 25-27, 2018, More...

By Felix OLOYEDE On Friday, April 27th, 2018

FBNQuest Merchant Bank posts ₦6.167bn pre-tax profit

Bello Maccido, FBNQuest Merchant Bank chairman FBNQuest Merchant Bank, the investment banking and asset management group of FBN Holdings Plc, has declared a profit before tax (PBT) of ₦6.17 billion for the year More...

By Uchenna Ajah On Wednesday, April 25th, 2018

MTN proposes $500m IPO- SEC

The Securities and Exchange Commission (SEC) on Wednesday confirmed that MTN Group had finally commenced discussions with the commission on its proposed 500 million dollars Initial Public Offering (IPO). MTN plans More...

By Uchenna Ajah On Monday, April 23rd, 2018

The Sterling Bank spreadsheet… an uppity lenders burden

By TESLIM SHITTA-BEY Despite not stirring excitement in recent years, Sterling Bank Plc has run a recession gauntlet and come out looking marvelous. The bank in 2017 grew its gross earnings by slightly under twenty More...

By Felix OLOYEDE On Sunday, April 22nd, 2018

SEC expresses worry over spate of delisting companies

Mary Uduk, acting Director-General, SEC FELIX OLOYEDE The spate of highly capitalised companies delisting from the Nigerian Stock Exchange (NSE) calls for some concern, the Securities and Exchange Commission (SEC) More...

By Uchenna Ajah On Saturday, April 21st, 2018

Chapel Hill Denham to handle MTN $5.23b listing in Nigeria

South African telecoms firm MTN has appointed Nigerian investment firm Chapel Hill Denham as lead manager for the initial public offering of its Nigerian business in Lagos later this year. MTN plans listing on Nigerian More...