All posts by Afolabi Ogunde

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  Movers and Shakers in Nigerian Government

  The Financial Times has attempted to document the heavyweights of the Goodluck Jonathan administration.  Whilst the criterion for the selection of the “Movers and Shakers in the new administration” is not provided, the list compiled by William...

  • Posted November 25, 2011
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  Retail Investors Flee As Stock Market Plummets Beyond 20,000 Threshhold

  The Nigerian Stock Exchange has fallen below the 20,000 threshold today, signaling gross market pessimism and general market avoidance by the retail investing public. Many Nigerians are not willing to return to the stock market after the...

  • Posted November 24, 2011
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  Stock Market Watch: Market Sheds 12 Points in Daily Trading

  The stock market succumbed to the bears today as it received a clobbering causing it to shed 12 points at the end of trading. The banking sector recorded a few winners but there were exactly twice as...

  • Posted November 23, 2011
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  Earnings Watch: Lasaco Assurance Net Income Grows 114% in 3Q Results

  Lasaco Assurance Plc released its 3Q, 2011 results on the Nigerian Stock Exchange today. The company’s management must be pleased with its performance, having increased Net Income by 114% to N 352 Million from N 164 Million...

  • Posted November 23, 2011
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  Earnings Watch: Fidson’s 3Q Numbers, Revenue Leapfrogs Over 500%

  Fidson Healthcare is having a bumper year as its revenue has appreciated over 500%. The company, which produces Fast Moving Consumer Goods such as Fluffy Tissue, and Healthcare products such as Astymin (a malaria treatment drug), released...

  • Posted November 23, 2011
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  Stock Market Watch: ASI Reverses Six Day Losing Streak

  The stock market has reversed its almost six day losing streak, gaining 6 basis points at the close of trading today. Bearish sentiment dominated the banking sector as only FCMB and First Bank appreciated today, gaining 328...

  • Posted November 22, 2011
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  CBN Retains Key Lending Rate, Discusses Removal of Subsidy Linked Inflation

  At its Monetary Policy Committee (MPC) meeting held in Abuja today, the CBN decided to retain the key lending rate unchanged at 12%. Also the Cash Reserve Ratio was retained at 8%. Analysts did not expect the...

  • Posted November 21, 2011
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  CBN’s Monetary Policy Committee Proffers Solution to Global Economic Crisis

  The Monetary Policy Committee sat in Abuja today and discussed amongst other things, the global economic crisis. The committee expressed concern on the economic “weakness” of many developed and industrial countries due to bloated sovereign debt ratios...

  • Posted November 21, 2011
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  Safety Stock Picks: Diamonds in The Rough

  Despite persistent downward pressure on the Stock Market over the past month, certain stocks have proven to be resilient to bearish tendencies on the market. Our analysis has led us to term such stocks “safety stocks”, these...

  • Posted November 20, 2011
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  Engaged To A Job I Hate – Interview with Author Bankole Williams

  The focus of your book is very catchy and controversial, one cannot just wait to pick it up and read. What motivated you to write this particular book? Well, this book was borne out of my experience...

  • Posted November 20, 2011
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