All posts by Afolabi Ogunde

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  Nigeria Stock Exchange Watch: ASI (-0.34%) Dips As Investors Exchange Nearly 1 billion Units

  The Nigerian Stock Exchange All Share Index retreated 34 basis points in what was one of this year’s most active trading days. The market usually averages about 250 million units but investors staked 970 million units valued...

  • Posted January 28, 2013
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  Capital Requirement: MFBs Call For Deadline Extension

  The South West Zone of the National Association of Microfinance Banks has urged the Central Bank of Nigeria to extend the December 31, 2012 deadline given to them to comply with the Revised Microfinance Policy Framework, which...

  • Posted January 28, 2013
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  Flour Mills Set To Merge With Niger Mills

  The management of Flour Mills Nigeria Plc has announced its merger with subsidiary Niger Mills Limited. According to a statement released by the company last Friday, the merger is intended to create a more efficient company, reduce...

  • Posted January 28, 2013
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  Regulators Must Do More To Increase Domestic Investors Confidence – Experts

  The Progressive Shareholders Association Of Nigeria (PSAN) has called on regulators to do more to increase the activities of domestic investors in the Nigerian Stock Exchange. The shareholders group lamented the huge influx of foreign investment on...

  • Posted January 28, 2013
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  Prevailing Rates Regime Unfriendly For Corporate Bonds Issuance – Belo Osagie

  Managing Director of FSDH Merchant Bank Limited, Mr. Rilwan Belo-Osagie has remarked that the high interest rate regime make the issuance of corporate bonds unattractive for firms. The seasoned banker disclosed this to journalists at the unveliling of...

  • Posted January 27, 2013
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  Nigerians Should Expect Stable Money Market Rates By March 2013 – Mainstreet CEO

  The Group Managing Director of Mainstreet Bank, Faith Tuedor-Matthews recently revealed that a combination of the current liquidity in the system and the decision of the Central Bank of Nigeria’s Monetary Policy Committee to retain the Monetary Policy...

  • Posted January 27, 2013
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  FG Must Create Enabling Environment For IPOs – NSE CEO

  The CEO of the Nigerian Stock Exchange, Oscar Onyema, has stated that the market capitalizastion of the Nigerian market will increase if government creates an enabling environment for initial public offerings to return to the exchange. He said to...

  • Posted January 26, 2013
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  Nigerian Stock Exchange Watch: ASI (+0.44%) Closes In Green, YTD Performance Tops 12%

  The All share index appreciated by 0.44% to close at 31,583.48. The banking sector was upbeat as 10 participants closed in the green with only Wema (-0.90%) closing in the negative. Cement manufacturers closed well in the...

  • Posted January 25, 2013
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  Nigeria Should Be Global Food Power House – Agric Minister Says 2012 Investment Was $8 billion

  The Agricultural Minister is anything but short of optimism as regards Nigeria’s agricultural sector. A fact he demonstrated to investors at a round table discussion in Geneva. Discussing with a panel of investors and economic experts, Adesina...

  • Posted January 25, 2013
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  Equity Market Crosses N10 trillion Market Capitalization

  The Nigerian Stock Exchange crossed the N10 trillion mark in Wednesday’s trading session. The performance of the bourse is off to a remarkable start this 2013, mostly due to bullish performance by consumer goods stocks, cement stocks...

  • Posted January 24, 2013
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