NSE LIVE! Equities in dead heat as investors match up

Equities traded on a tie on Tuesday with investors matching up advancers with decliners in a dead heat that saw the market almost closing flat. The momentum of transactions improved considerably but the bargain between investors remained tight, holding the advancers-to-decliners ratio on a balance. With 19 advancers to 19 decliners, key market indices were…

Kogi Bidding Process Transparent, Say Investors

By John Akubo Investors who got the Bureau for Private Public Partnership (BPPP) request of no objection from the Ministry of Environment, have commended the Kogi State Government for its transparency in the bidding process.The State Government had opened bidders’ conference for pre-qualified investors to undertake PPP projects in the State. One of the investors,…

Keystone Bank names Transition Board

Following its sale to new investors, Keystone Bank Limited has appointed Hafiz Bakare as the new Acting Managing Director/Chief Executive Officer. Also appointed was Alhaji Umaru H. Modibbo as board Chairman. The lender also announced the appointments of Mrs. Yvonne Isichei as Executive Director as well as Mrs. Titilayo Tairat Adebiyi and Mr. Bulus Bunken…

AMCON hands over Keystone Bank to new investors

Following the sale of Keystone Bank to Sigma Golf-Riverbank Consortium by the Asset Management Corporation of Nigeria (AMCON), the new investors have finally taken possession with a view to repositioning the bank immediately. A statement from the bank said the handover took place last Friday after the Completion Board Meeting to consummate the acquisition and…

NSE LIVE! Equities’ rally gathers momentum with N41bn gain

Nigerian equities continued on the uptrend on Thursday, rallying N41 billion in net capital gains as investors showed increased appetite for several stocks across many sectors. In the third consecutive positive trading session, gainers again outstripped losers and most sectoral indices closed on the upside. Aggregate market value of all quoted equities on the Nigerian…

NSE transactions maintain positive trend

Activities reopened on the Nigerian Stock Exchange (NSE) on Monday on a bullish note, with the market capitalisation improving by N43 billion following investors’ reaction to Zenith International Bank 2016 result. The News Agency of Nigeria (NAN) reports that the market capitalisation, which opened at N8.738 trillion, rose by N43 billion or 0.49 per cent……

Investors, Traders Express Worry Over New Forex Policy

The Central Bank of Nigeria’s latest efforts to adjust the exchange rate policy have baffled investors who say the moves fall short of the currency devaluation they had hoped for and will not lure money back into the economy. According to the PUNCH, the CBN this week effectively devalued the naira for private individuals by……

Federal Government Meets Investors on the Issuance of Sovereign Green Bonds

Esther Agbarakwe, Abuja: “Nigeria is committed to sustainable economic development. The Lagos Event is a concrete step in the process of developing and issuing our 2017 sovereign green bonds program.” Amina Mohammed, Minister of Environment. Nigeria’s aspiration to become a green economy inches closer as The Federal Government meet investors and Capital Markets Operators in…

Nigeria’s $1bn Eurobond over-subscribed amid investors’ worries

Nigerian officials on the country’s $1bn Eurobond road show are currently facing fresh challenges from a campaign by some interest groups to raise a set of fresh demands on the ongoing sale of the bond across Europe and America. This is coming on the heels of news that the bond has been oversubscribed by potential…

Investors dump shares as Guinness Nigeria loses N4.7b in 6 months

Investors at the Nigerian stock market reacted with a seemingly overwhelming rush to sell as Guinness Nigeria Plc on Thursday announced that it posted a net loss of N4.67 billion in the first half of its current business year. Guinness Nigeria’s share price at the Nigerian Stock Exchange (NSE) dropped by N3.50 or 5.0 per…

NSE LIVE! Santa Claus doles out N70b to equities’ investors

Investors netted N70 billion in capital gains on Wednesday as the Nigerian stock market reopened after the Christmas holidays to sustained bullish rally, in a clear replay of what is popular referred to as Santa Claus rally in capital market parlance. The Santa Claus rally is the tendency for stock prices to go up in…