All posts by Afolabi Ogunde

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  Interest Rates: Out Of Control Government Spending Stays CBN’s Hand

  Plans by the Federal Government to accelerate spending in 2013 will make it difficult for the Central Bank of Nigeria to reduce interest rates. The inflationary effects of an expansive government spending regime will be too volatile...

  • Posted January 21, 2013
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  Equity Market ‘Too Big To Be Ignored By Foreigners’ – Onyeama

  The Nigerian Stock Exchange recorded inflows of over $4.5 billion inflow from foreign investors in the first eleven months of 2012. So far this year, the market’s capitalization has appreciated by over N700 billion. Analysts and observers...

  • Posted January 21, 2013
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  Dangote Cement, Oando And Transcorp Join Market Maker Stocks

  The Nigerian Stock Exchange has added the stocks of Dangote Cement, Oando Plc and Transcorp unto the list of market making stocks in the country. The addition of the three companies brings the total tally of market...

  • Posted January 19, 2013
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  Stanbic Pension Crosses Millionth Customer Mark

  The management of Stanbic IBTC Pensions, a subsidiary of Stanbic IBTC Holdings is celebrating its one millionth customer under its Retirement Savings Account package. Speaking on the development, the CEO of the company, Mr Demola Sogunle said...

  • Posted January 19, 2013
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  Nigeria Stock Exchange Watch: ASI (+1.99%) As Market Cap Approaches N10 trillion

  The Nigerian Stock Exchange All Share Index gained 199 basis points in today’s trading bringing the year-to-date performance of one of the world’s best performing markets to 10.14%. The market capitalization of the bourse also topped N9.89...

  • Posted January 18, 2013
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  Sanusi Appointed Chairman Of West African Monetary Zone

  The Central Bank Governor, Mr. Lamido Sanusi, has been appointed the Chairman of the West African Monetary Zone (WAMZ). The WAMZ is a unification of six countries comprising Nigeria, Sierra Leone, Gambia, Ghana, Guinea and Liberia, with...

  • Posted January 18, 2013
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  Nigerian Stock Exchange Undeterred On $1 trillion Market Capitalization By 2016

  The Chief Executive Officer of the Nigerian Stock Exchange, Oscar Onyeama, has demonstrated that the NSE under his watch will continue to strive to achieve the goal of $1 trillion (N155 trillion) market capitalization. The market capitalization...

  • Posted January 18, 2013
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  Nigerian Stock Exchange Watch: ASI (+0.77) Gains, Profit Takers Feast On Banking Sector

  The Nigerian Stock Exchange All share Index gained 77 points to close at 30,324.86. The index was propelled by the appreciation in blue chip stock like Dangote Cement (+3.81%), Nigerian Brew (+0.67), and Julius Berger (+10%). A...

  • Posted January 17, 2013
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  238 Forex Dealers Licenses’ Withdrawn By CBN To Checkmate Corruption

  The Central Bank has thumped its regulatory hammer down on 238 Bureau de Change (BDC) operators operating in the country. According to a circular released Tuesday by the Trade and Exchange Department, of the Central Bank of...

  • Posted January 17, 2013
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  NSE Will Grow By 11% In 2013 – Meristem Analysts

  The Nigerian Stock Exchange All Share Index has been predicted to grow by 11.05% in 2013, according to Meristem Securities, one of the leading stockbroking and research firms in Nigeria. The stock market has been bullish for...

  • Posted January 17, 2013
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