All posts by Afolabi Ogunde

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  EuroZone Crisis Update: Italian PM Berlusconi Tenders Resignation

  Silvio Berlusconi, stepped down as the Prime Minister of Italy on Saturday. As he left the presidential palace, crowds were there to jeer at him, calling him a “Buffoon”. Berlusconi became unpopular due to a litany of...

  • Posted November 13, 2011
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  Stock Market Sheds 0.57% In Weekly Trading

  The Stock Market failed to regain its footing this week, sliding, albeit marginally, three days in a row. Demand for a few banks led to price appreciation of a few companies, although the supply side triumphed as...

  • Posted November 11, 2011
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  Earnings Flash: CCNN Net Income Booms By 173%

  The Cement Company of Northern Nigeria (CCNN) makers of Sokoto Cement released their unaudited 3Q results on the floor of the exchange today. Turnover was up 16% to N 9.76 billion from N 8.39 billion over the...

  • Posted November 11, 2011
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  Corporate Action: Nestle Nigeria Declares Interim Dividend

  Nestle Nigeria has today declared an interim dividend of N 1.50 for its shareholders. The company released its nine months unaudited results on October 25th when it reported a N 9.14 Billion Profit after Tax, as revenue...

  • Posted November 11, 2011
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  Thousands of Hectares of African Land Sold For A Bottle Of Whiskey

  Earlier this year, a non-profit American organization, The Oakland Institute, released a well researched study concerning how western hedge funds, universities and high net worth individuals are buying vast tracts of land in Africa for little or...

  • Posted November 11, 2011
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  Market Yet To Retrieve Its Swagger, ASI Drops 20 Points

  The Stock Market posted its second consecutive drop after the long public holiday to mark Eid el Kabir. The All Share Index shed a marginal 20 basis points bringing its tally this year to 20,450.44, a year...

  • Posted November 10, 2011
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  Earnings Flash: Guinness Nigeria Plc Declares N 2.25 Net Income

  Guinness Nigeria Plc declared its Q1, 2012 results on the floor of the Stock Exchange today. The brewery company that produces Foreign Extra Stout, Extra Smooth, Harp, Malta Guinness, Gordon’s Spark, Smirnoff Ice and Satzenbrau reported a...

  • Posted November 10, 2011
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  EuroZone Crisis Update: Greece Gets Interim Prime Minister in Former ECB Chief

  After three days of intense negotiations with the main opposition parties, Greece has named a transitional interim Prime Minister. Lucas Papademos, an academic and former European Central Bank vice president has been chosen to steer the country...

  • Posted November 10, 2011
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  Stock Market Watch: Sallah Holiday Drives Bulls Away

  After a long sallah break that found many Nigerians taking sacrificial bulls by the horns, bearish sentiment returned to the Nigerian Stock Exchange today. The All Share Index fell marginally by 20 basis points closing at 20,491.51...

  • Posted November 9, 2011
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  Earnings Watch: Standard Alliance Insurance, Still In The Green

  Standard Alliance Insurance Plc posted its unaudited 3Q numbers on the floor of the exchange today. The ompany reorted a 34% increase in Gross Premium Income, as it took N 3.9 Billion in receipts from writing premiums,...

  • Posted November 9, 2011
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