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All posts by Afolabi Ogunde

  • Nigerian Stock Exchange: ASI (+0.36%), Despite Onset Of Selling Pressure

    The All Share Index continued its appreciation today, climbing 36 basis points to close at 29,089.51. The market showed resilience to selling pressure as investors sought to consolidate on previous gains. The banking sector was evenly split between...

    • Posted January 8, 2013
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  • We Cannot Force Banks To Engage In Lending – CBN

    The Central Bank of Nigeria (CBN) may have admitted its lack of regulatory prowess in the area of banking supervision when it said that it could not force banks to engage in lending. Director, Corporate Communications, CBN,...

    • Posted January 8, 2013
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  • Skye Bank Finances Pan Ocean Gas Plant Project

    Skye Bank is breaking new ground in the financing of indigenous oil and gas projects in the country. Its latest project being the financing of the Pan Ocean Oil Corporation’s Ovade-Ogharefe Gas Processing Plant. The Ovade-Ogharefe Gas Processing...

    • Posted January 8, 2013
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  • Nigeria Stock Exchange Watch: ASI (+1.57%), FCMB (+10%), Skye (+(9.99%)

    The All Share Index appreciated by 1.57% to close at 28,986.19 even as the market gradually approaches the 30,000 level. The banking sector was all the way bullish with all counters recording positive gain. Access (+5.81%), Zenith (+5.36%),...

    • Posted January 7, 2013
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  • Ecobank opens 33rd affiliate in Equatorial Guinea

    Ecobank Transnational Incorporated, the pan-African banking group, has announced the opening of its Equatorial Guinea affiliate. Ecobank Equatorial Guinea was issued a licence to operate as a credit institution in the country and became the 33rd affiliate...

    • Posted January 7, 2013
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  • Keystone Bank Adopts Directorate Structure to Revitalize Business

    Keystone Bank Limited has embarked on a realignment of its corporate goals to enable it realise its objective. The bank,  in a statement on Friday, said the Board also approved a new corporate structure, which was a...

    • Posted January 7, 2013
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  • Equities Market To Reach N20 trillion Market Capitalization in 2013 – Stakeholders

    The positive momentum of the Nigerian Stock Exchange (NSE) has continued to receive positive remarks from stakeholders in the national economy. The President of Chartered Institute of Stockbrokers (CIS), Mr. Ariyo Olusekun, has stated that the value of...

    • Posted January 7, 2013
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  • Nigerian Stock Exchange Watch: ASI (+2.41%) Up Big In Week One

    The All Share Index closed the first week of 2013 up 2.41% to settle at 28,538.06. Friday saw the index appreciate by 0.34%, even as the market capitalization  crossed N9.12 trillion. Trading volumes were healthy with over 291...

    • Posted January 5, 2013
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  • Wema Bank Reports N1.8 billion Loss in Q3, 2012

    Wema Bank released its 3Q, 2012 results late last week. The company say Gross Earnings reach N19.8 billion, up 14.1 from N17 billion made over the corresponding period in 2011. A drop in investment income of 63%...

    • Posted January 5, 2013
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  • SEC Budget Impasse May Hinder FDI

    The failure by the lawmakers to pass the 2013 budget for the Securities and Exchange Commission (SEC) may lead to a stoppage of the Foreign Direct Investment (FDI) inflows to the country. Capital market operators made the...

    • Posted January 5, 2013
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