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All posts by Afolabi Ogunde

  • International Finance Corporation To List $50 million Naija Bonds On NSE

    The International Finance Corporation has announced innovative plans to launch $50 million/N8 billion worth of bonds and list them on the Nigerian Stock Exchange (NSE). The initiative was announced by the  Vice President and Treasurer, IFC, Mr. Jingdong...

    • Posted January 24, 2013
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  • Nigeria Stock Exchange Watch: ASI (+1.99%) Upbeat, Unity Bank (+10%) Bags Full Marks

    The All Share Index (+1.99%) gained almost 200 basis points in one of the most heavily traded days of the market this year. 798.3 million shares valued at N5.1 billion were traded as investors unleashed their purchasing...

    • Posted January 23, 2013
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  • NSE Seeks Advisers To Promote ASeM Listings

    The management of the Nigerian Stock Exchange in a bid to boost listings on the Alternative Securities Market (ASeM), has called upon the registered dealing member firms to advise companies on getting listed on the ASeM. The...

    • Posted January 23, 2013
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  • SMEs Need More Encouragement From Capital Market Regulators – Omatek Boss

    Small and Medium Enterprises operating in the country believe that the capital market regulators comprising of the Securities and Exchange Commission (SEC) and the management of the Nigerian Stock Exchange (NSE) can do more to encourage SMEs....

    • Posted January 23, 2013
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  • Nigeria Stock Exchange Watch: ASI (+0.46%) Climbs Despite Barrage Of Profit Taking

    The All Share Index climbed 46 basis points in a surprising turn of events. The positive performance was unexpected due to the barrage of profit taking activity that visited the market today. The selling activity brought the...

    • Posted January 22, 2013
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  • GTBank Changes The Game With Mobile Money, Introduces Cardless ATM Withdrawals

    I’m not the biggest fan of Nigerian banks. For me they are a necessary evil, it gets old keeping money in your mattress and with the growing insecurity in the country; it’s not necessarily a good idea...

    • Posted January 22, 2013
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  • Analysts Applaud MPCs Decision On Rates

    The Monetary Policy Committee (MPC) decided to leave the Monetary Policy Rate unchanged at 12% when they met in Abuja yesterday. The decision makers are of the opinion that the $79 oil benchmark poses an inflationary threat...

    • Posted January 22, 2013
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  • Equities Expected To Fall Further As Investors Take Profits

    The All Share index which shed 0.34% in yesterday’s trading is expected to continue to slide over the course of the week due to the activities of profit takers. The ASI which gained about 10% year-to-date by...

    • Posted January 22, 2013
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  • Nigerian Stock Exchange Watch: ASI (-0.27%) As Profit Takers Swarm

    The Nigerian Stock Exchange tumbled in the day’s trading as the All Share Index dropped 27 basis points. The banking sub-sector saw predominantly bearish activity as more top tiers declined. GTBank (-1.45%), Zenith Bank (-1.79%), and UBA...

    • Posted January 21, 2013
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  • SGBN Set To Resume Operations

    The Nigerian banking industry is set to witness the re-entrance of Societe Generale Bank, a company whose license was revoked in in 2006 but restored by court judgement in 2009. SGBN will return as Heritage Bank of...

    • Posted January 21, 2013
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