All posts by Afolabi Ogunde

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  Earnings Forecast: Nestle Nigeria Says Net Income To Swell 25% in Q1, 2012

  Nestle Nigeria Plc, manufacturers, marketers and distributors of food products in Nigeria has released its Q1, 2012 earnings forecast to the floor of the Nigerian Stock Exchange. The company expects to achieve N 22.7 Billion turnover in...

  • Posted December 7, 2011
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  Earnings Forecast: Cadbury expects Net Income to Rise 61% in Q1 2012

  Cadbury Nigeria released its earnings forecast for Q1, 2012 to the Nigerian Stock Excnage yesterday. The manufacturer of Bournvita has disclosed that it expects headline revenue to increase by 15% from N 7.6 Billion over Q1, 2011...

  • Posted December 7, 2011
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  House of Reps Direct SEC to Halt Activities on Union Banks Capital Restructuring Exercise

  The House of Representatives Committee on Capital Markets has asked the Director General of the Securities and Exchange commission, Dr. Arunma Oteh to halt any further approvals to Union Bank as regards its capital restructuring exercise. Union...

  • Posted December 7, 2011
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  Earnings Watch: Staco Insurance Plc Releases 3Q 2011 Statements

  Staco Insurance Plc has released its Q3 results to the Nigerian Stock Exchange. Gross Premium earned appreciated 16.6% from N 4.3 Billion over the same period last year to N 5 Billion at the end of last...

  • Posted December 7, 2011
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  Access Bank To Finalize Intercontinental Merger BY March 2012, Increase Its Share Capital

  In a statement released on the Nigeria Stock exchange today, Access Bank has signaled it will complete its integration of Intercontinental Bank by March, way ahead of the “18 to 24 months” earlier envisaged. “The Bank has...

  • Posted December 6, 2011
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  Nigerian Entrepreneur and Indonesian Conglomerate Sign $ 1 Billion MOU with Government

  Britain based Nigerian entrepreneur Ladi Delano and Indonesian conglomerate Barkie Group has announce a Joint Venture focused on investing approximately $ 1 Billion or N 163 Billion in the Nigerian economy. The joint venture pegged Bakrie Delano...

  • Posted December 6, 2011
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  Sock Market Watch: ASI Yoyos Below 20,000 Threshold Once Again

  The Stock Market has continued its yoyo like ascent and descent around the 20,000 mark. The market fell in today’s trading by 32 points as the All Share Index closed at 19,951.13. Market Capitalization fell by N20.31...

  • Posted December 6, 2011
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  Naira Firms Up on Interbank Market

  The Nigerian Naira gained as much as 0.1% on the interbank market today as speculation was rife that oil majors sold dollars to the market. The Naira had fallen after the auction last week as increasing demand...

  • Posted December 5, 2011
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  Stock Market Watch: ASI Gains 26 Points

  The Nigerian stock market saw a reversal of its fortunes today as the ASI gained 26 points to close a t 20,015.66. The breweries sub-sector of the consumer goods sector led the market today as two participants,...

  • Posted December 5, 2011
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  Capital Markets Regulation: All Talk, No Action As Fortunes Dwindle

  As the fortunes of the market continue to dwindle pushing the ASI below the 20000 threshold to levels of lows not seen for close to a decade, capital market regulators must begin to ask themselves painful questions....

  • Posted December 5, 2011
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