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All posts by Afolabi Ogunde

  • Stock Market Watch: Winning Continues, Market Cap Adds N 211 billion

    The Nigerian Stock Market continued to propel its upward trajectory over the past few days. In trading today the winning continued as the All Share Index appreciated by 77 points to close at 20,763.26. Fidelity led the...

    • Posted December 23, 2011
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  • Arnold Ekpe to step down as Ecobank Group CEO after 2012

    Ecobank has announced that Arnold Ekpe, its Group Chief Executive Officer will be retiring at the end of 2012. Mr. Ekpe will be replaced by Thierry Tanoh, the CEO designate. Mr. Tanoh is currently the vice-president in...

    • Posted December 23, 2011
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  • Stock Market Watch: The Bulls are back at it

    The upwards trajectory of the market continued today to the delight of investors and capital market analysts. The All Share Index increased by 90 points to close at 20,604.48. Nigerian Breweries set an outstanding pace as the...

    • Posted December 22, 2011
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  • Nigerians Spend Over $2 Billion Annually On Foreign Degrees

    In a bid to improve the quality of Nigeria’s universities and ensure that more secondary school graduates opt to attend local rather than foreign institutions, the government has unveiled plans to increase the number of campuses and...

    • Posted December 22, 2011
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  • Stock Market Watch: ASI Closes on the Up and Up

    The market put on an impressive performance today closing all the way in the green. The All Share Index was up a respectable 148 points to close at 20,420.23. The banking sector was all bull and no...

    • Posted December 21, 2011
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  • Stock Market Watch: ASI gains as Dangote subsidiaries take the lead

    The Nigerian stock market appreciated for the 3rd consecutive day, as the All Share Index gained 39 points to close at 20,122.80. All the Dangote subsidiaries were in the green after trading today, except Dangote Cement which...

    • Posted December 20, 2011
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  • Earnings Forecast: Oando, Studio Press & 7Up forecast Q1, 2012

    Several quoted companies released their earnings forecast on the Nigerian Stock Exchange today. They include: Company Revenue/Gross Premium Net Income Period Oando Plc N 141.83 Billion N 2.97 Million Q1 2012 (March) 7Up N 17.5 Billion N...

    • Posted December 20, 2011
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  • IMF Boss Cautions Nigeria on Impending EuroZone Recession

    Managing Director of the International Monetary Fund (IMF), Christine Lagarde has called on developing economies like Nigeria to build a firewall against the financial crisis in developed countries, specifically in Europe. Speaking at the Eko Hotel and...

    • Posted December 20, 2011
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  • Stock Market Watch: ASI Gains on Performance from Breweries, Dangote Cement

    The Nigerian Stock Exchange started the week on a positive note, gaining 10 points and bringing the All Share Index to close at 20,045.31. Top gainers in the market today emerged from the banking industry as mid-tier...

    • Posted December 19, 2011
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  • November Inflation Unchanged at 10.5%

    Inflation for November was 10.5%, unchanged from the rate in October, according to a report released by the National Bureau of Statistics today. “While there was a sharp increase in the prices of some imported food items...

    • Posted December 19, 2011
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