All posts by Afolabi Ogunde

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  Regulation​s For Islamic Sukkuk Bonds Ready Early 2013

  The Securities and Exchange Commission (SEC) has signalled that it will pass regulation governing the issuance of Islamic-compliant Sukkuk bonds in the first quarter of 2013. The DG, of SEC, Arunma Oteh disclosed this to journalists interviewing...

  • Posted December 28, 2012
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  Kola Karim Appointed Director Of A.G. Leventis

  A.G. Leventis (Nigeria) Plc notified The Exchange of the appointment of two new Directors,Messrs Kola Karim and Michail Oikonomakis effective from December 06, 2012. Mr. Kola Karim has been the Managing Director/CEO, (Shoreline Group) Shoreline Energy International...

  • Posted December 27, 2012
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  NSE Reviews Indices In Bi-Annual Exercise

  The management of the Nigerian Stock Exchange has almost wrapped up its bi-annual review of its indices. The NSE reviews its indices every June and December. It has signaled that changes effected from its latest review will...

  • Posted December 27, 2012
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  90% Of Retail Transactio​ns In 2012 Were Cash Backed – Experts

  Ninety percent of the total transactions in the retail industry during the 2012 period were cash backed transactions, experts have said. The large volume of cash backed transaction has sent signals that the CBN’s cashless policy has...

  • Posted December 27, 2012
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  70% of Nigerian Stock Market Activity Controlled By Foreigners

  Players in the capital market are disconcerted by the fact that 70% of the activity of the bourse is controlled by foreigners. Research shows that 70% of the daily buying and selling that transpires on the Nigerian...

  • Posted December 27, 2012
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  Starcomms Posts N5.3 billion Loss

  CDMA operator, Starcomms has announced a N5.3 billion loss after nine months of operations. The company made the announcement prequel to its Annual General Meeting which is expected to take place on Friday, December 28th. The company’s...

  • Posted December 26, 2012
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  N52 billion Unclaimed Dividends: Investor Apathy To Blame – Operators

  The Securities and Exchange Commission (SEC) has pegged the figure of N52 billion as the value of total unclaimed dividends in the country. Whilst some market participants were quick to blame registrars for complicity in the matter,...

  • Posted December 26, 2012
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  Secrets behind Sambo’s N16 billion Home

  Some weeks ago, the Executive Secretary of the Federal Capital Development Authority (FCDA), Adamu Ismail brought forward a request to the lawmakers, demanding for additional N9bn to complete the Vice President’s residence. The Senate Committee on the...

  • Posted December 24, 2012
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  Nigerian Stock Exchange: ASI (+0.58%) Closes Positive, GTBank (+6.59%) Leads Winners

  The All Share Index closed in positive territory, up 58 points to rest at 27,508.09. Today’s performance was led by GTBank (+6.59%) which closed on top of the market. The banking sector recorded mid-level activity as Diamond...

  • Posted December 20, 2012
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  Babalakin Fights Hard To Avoid Arrest and Detention

  Embattled Chairman of Bi-Courtney, Dr. Olawale Babalakin has continued to fight the Economic and Financial Crimes Commission (EFCC). Babalakin yesterday filled an ex-parte application at the Federal High Court in Lagos to hold back the Attorney-General of...

  • Posted December 20, 2012
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