All posts by Afolabi Ogunde

• 
  Oando Rights Issue: ‘Investors Should Lock In Now’ – ISAN

  The currently ongoing Oando Rights Issue is expected to raise N54.6 billion from the company’s existing shareholders via the issuance of 4.5 billion ordinary shares at N12/share. According to Sunny Nwosu, the National Coordinator of the Independent Shareholders...

  • Posted January 17, 2013
  • 0
• 
  Nigerian Stock Exchange Watch: ASI (+1.37) Crosses 30,000 Psychological Benchmark

  The NSE’s All Share Index gained 137 basis points in today’s trading to close above the 30,000 psychological benchmark at 30,093.83. The banking sector suffered from the activities of profit takers today, but was still predominantly bullish as...

  • Posted January 16, 2013
  • 0
• 
  Ashmore, Standard Chartered Private Equity Invests In Ogun Based GZ Industries

  Standard Chartered Private Equity has disclosed that it has invested in GZ industries, an Ogun State based aluminum can manufacturing plant owned by young Nigerian businessmen. Head of Stan Chart’s private equity division, Mr. Yemi Osindero said that...

  • Posted January 16, 2013
  • 0
• 
  NSE Selects 6 As Fixed Income Market Makers

  The management of the Nigerian Stock Exchange has announced the selection of six companies as fixed income market makers. The decision was made ahead of the introduction of retail bonds in the country. The companies selected are...

  • Posted January 16, 2013
  • 0
• 
  Foremost Economist Condemns Central Bank’s Monetary Policies

  Foremost Nigerian economist, Mr. Henry Boyo has condemned the Central Bank of Nigeria for implementing faulty monetary policies that are holding the Nigerian economy to ransom. The renowned economist who is a staunch critic of the CBN...

  • Posted January 15, 2013
  • 0
• 
  Nigerian Stock Exchange Watch: ASI (+0.37) Continues Ascent, Nears 30000 Psychological Benchmark

  The All Share Index (+0.37%) gained in today’s trading on the back of a bullish performance from the banking sub-sector. The ASI closed at 29,309.69, nearing the 30,000 psychological level. Skye (+8.27%), Diamond (+6.43%), Fidelity (+4%), and Fidelity...

  • Posted January 14, 2013
  • 0
• 
  Consolidated Breweries To Merge With Benue Brewery, DIL/Maltex

  The shareholders of Consolidated Breweries Plc have approved the proposed merger between the company, Benue Brewery Ltd and DIL/Maltex. The company secured the approval at a court ordered meeting which held last Friday. According to a statement made by...

  • Posted January 14, 2013
  • 0
• 
  CBN Inaugurates Council of Experts on Islamic Banking

  The Central Bank of Nigeria (CBN) at the weekend announced the inauguration of the Financial Regulation Advisory Council of Experts (FRACE) A statement from the bank said that the exercise was performed by the CBN Governor, Mallam...

  • Posted January 14, 2013
  • 0
• 
  N6.23bn shares of UBA Capital, Africa Prudential Registrars now listed on NSE

  The Nigerian Stock Exchange, NSE, on Friday admitted N6.23bn shares of UBA Capital Plc. and Africa Prudential Registrars Plc. in its official daily list. The two companies which are listed in Other Financial Services sector were created...

  • Posted January 14, 2013
  • 0
• 
  Nigerian Stock Exchange Watch: ASI (+1.76%) Gains As YTD Performance Hits 4%

  The All Share Index gained 1.76% to close at 29,202. This brings the year to date performance of the market to 4%. The strong performance of the market was led by the appreciation of key stocks in...

  • Posted January 12, 2013
  • 1