Don't Miss


All posts by Afolabi Ogunde

  • Naira Slips On Interbank Auction As CBN Auction Suspension Lingers

    The Naira fell further against the dollar this week at the inter-bank market as a result of the Apex bank’s suspension of its bi-weekly currency auctions. According to Bloomberg data, the Naira slipped 0.3 percent to N156.7 per...

    • Posted January 4, 2013
    • 0
  • Gtbank Re-Affirms Commitment To Secure Banking

    Guaranty Trust Bank plc has re-affirmed its commitment to the safety of stakeholder funds as it prepares for the 2013 financial year. Investigations show the Bank has installed several new technologies and introduced a number of internal...

    • Posted January 4, 2013
    • 0
  • Dangote Cement Forecasts N42 billion Profit After Q1, 2013

    The management of Dangote Cement released their earnings forecast for Q1, 2013 towards the tail end of the preceding year. The company says it expects revenues to reach N81.58 billion after the first three months of the...

    • Posted January 4, 2013
    • 0
  • Nigerian Stock Exchange Watch: ASI (-0.21%) Drops As Cement Companies Attract Investor Fears

    The NSE All Share Index (-0.21%) dropped in today’s trading as a result of profit taking activities. The slump was also caused by a drop in investor confidence concerning cement manufacturers. Dangote Cement has said its revenue targets will...

    • Posted January 3, 2013
    • 0
  • Apex Bank Orders Cessation Of Transactions In Liquidated Banks Cheques

    The Central Bank of Nigeria (CBN) has called for the halt of the issuance or acceptance of financial instruments from liquidated banks. The banks affected under the new regulation which came into effect yesterday are Afribank Plc, Bank...

    • Posted January 3, 2013
    • 1
  • First Bank Appoints CFO Adelabu To Executive Board

    The board of directors of First Bank Plc has appointed the Chief Financial Officer, Mr. Bayo Adelabu to a board position. Since he is a member of the managerial staff in his role as CFO, he becomes...

    • Posted January 3, 2013
    • 1
  • Nigerian Stock Exchange Is Third Most Profitable Market On Earth

    Nigeria was the third most rewarding stock market  globally in 2012 behind Egypt and Kenya, as investors harvested 35.45 percent yield- to- date return on investment from the Nigerian Stock Exchange (NSE). According to a study by...

    • Posted January 3, 2013
    • 0
  • Nigerian Stock Exchange Watch: ASI (+1.5%) Gains Big, Skye Soars (+10%)

    The Nigeria Stock Exchange All Share index gained 1.5% in its first trading day of the year. The index was buoyed by the performance of the banking sector which was predominantly bullish. Skye Bank (+10%) led the...

    • Posted January 2, 2013
    • 0
  • SEC Withdraws License Of Capital Market Operators (LIST)

    The general public is hereby notified that the registration of the underlisted Capital Market Operators have been withdrawn. The Nigerian Stock Exchange (NSE), the Chartered Institute of Stockbrokers (CIS), the Institute of Capital Market Registrars (ICMR) and...

    • Posted January 2, 2013
    • 1
  • UBA Stock Placed On Full Trading Suspension

      Shares of UBA Plc on the Nigerian Stock Exchange have been placed on a full trading suspension by the NSE management in order to enable the company finalize its restructuring exercise. Shareholders of UBA recently approved...

    • Posted January 2, 2013
    • 0