All posts by Afolabi Ogunde

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  Nigerians Advised To Participate In Fortunes Of Nigerian Stock Exchange

  Nigerians have been advised to invest in the equities market as the market is now one of the best performing markets in the world. Analysts lamented a situation where the gains of the market are being enjoyed by a...

  • Posted January 2, 2013
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  2012’s Top 30 Stocks

  2012 was a year of bumper harvest for the Nigerian Stock Exchange. Businessnews takes a look at how the top 30 stocks performed over the entire year.

  • Posted January 1, 2013
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  Stock Market Rises To 32 Month High In 2012, Momentum Expected To Continue

  The Nigerian Stock Exchange rose to a 32 month high in 2012, and the positive performance is expected to continue in 2013. The All Share Index returned to performance levels not seen since 2007. The performance in...

  • Posted January 1, 2013
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  Failure To Pass SEC Budget May Lead To Renewed Capital Market Crisis – LCCI

  The Lagos Chamber of Commerce and Industry (LCCI) has raised alarm over the failure of the National Assembly to pass the budget of the Securities and Exchange Commission (SEC) for 2013. The body voiced its concerns in...

  • Posted January 1, 2013
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  Nigerian Stock Exchange Watch: ASI gains 0.76% to close 2012 Up 35.35% At 28,078.80

  The NSE All Share Index gained 0.76% the last day of the year. The market pulled off a strong recovery in 2012 thanks to government intervention and the return of foreign investors. The banking sub-sector was predominantly...

  • Posted December 31, 2012
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  Oando Commences Rights Issue, Targets N54.6 billion

  Oando Plc has commenced its rights trading exercise which is geared to raise N54.6 billion in order to fund the company’s expansion into a much larger upstream petroleum company. The company is offering shareholders 2 ordinary shares...

  • Posted December 31, 2012
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  First Bank Money Market Funds Listed On NSE

  The Nigerian Stock Exchange has admitted First Bank Money Market Funds into its Daily Official List (DOL). The NSE stated in its report for DEcember 28th, 2012, that a total of 17,984,400 units of the fund were admitted...

  • Posted December 31, 2012
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  Starcomms Shareholders Approve N35 billion Deal With Capcom

  Shareholders of Starcomms Plc, a leading CDMA provider in the country, have approved the acquisition of the company by Capcom Limited. The approval was given by a special resolution at the company’s Annual General Meeting in Abuja...

  • Posted December 31, 2012
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  Foreign Investors Injected N1.5 trillion Into Nigerian Stock Exchange In First Ten Months of 2012

  Statistics from the Central Bank of Nigeria has shown that the local investor apathy as concerns the Nigerian equities market is not borne by foreign investors. According to the CBN, out of $12.64 billion in Foreign Direct...

  • Posted December 28, 2012
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  Power Firms To List On Nigerian Stock Exchange

  Nigerian power firms will be required to list on the Nigerian Stock Exchange within the next five years. The impending regulation indicates that foreign power firms such as Siemens, Korea Electric Power Corporation, will be forced to...

  • Posted December 28, 2012
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