Conoil, 10 others suspended from trading on the NSE
Adesola Afolabi
July 2, 2019
The Nigerian Stock Exchange (NSE), Tuesday 2, July suspended trading on the stocks of Conoil and ten other companies. As a result, dealing members of the exchange will be unable to buy or sell equities of the underlisted companies: Conoil Plc FTN Cocoa Processors Plc Goldlink Insurance Plc Guinea Insurance Plc Lasaco Assurance Plc Niger […]
Dangote Flour Mills exit NSE’s top 30, as Custodian Investment joins
Adesola AfolabiJuly 2, 2019
Dangote Flour Mills (DFM) has exited the NSE’s 30 index. Consequently, Custodian Investment Plc. is to replace Dangote Flour Mills on the index. The Nigerian Stock Exchange (NSE), made this announcement following its biannual review of personal and co-branded indices. This means that, for the next six months, Custodian Investment will contribute to the performance […]
Trump rips ECB chief for pushing down the euro: ‘They have been getting away with this for years’
Businessam StaffJune 18, 2019
President Donald Trump went after European Central Bank President Mario Draghi on Tuesday for opening the door for more monetary stimulus in Europe, which would weaken the euro relative to the dollar. “They have been getting away with this for years, along with China and others,” Trump said in a tweet, noting a weaker euro […]
Nigeria has N2.1billion currency in circulation as at end of April – Emefiele
Businessam StaffJune 18, 2019
The governor of the Central Bank of Nigeria, Godwin Emefiele, has said that the currency in circulation in Nigeria increased from N1.956.22 billion in April 2018 to N2.158.70 billion at the end of April. This he said may suggest an increase in economic activities and the potential to improve economic growth in the country. Emiefele […]
Italy bank stocks, bonds fall on report Brussels considering disciplinary action
Businessam StaffMay 27, 2019
Italian banking stocks fell and government bond yields rose in thin trade Monday after a report Brussels is considering disciplinary action over Rome’s failure to rein in public debt. The banking index was down 1.7% at 1350 GMT, extending earlier losses. Government bond yields extended their rise across the board, with the benchmark 10-year yield […]
Bank of England deputy governor warns against curbing financial regulations post-Brexit
Businessam StaffApril 30, 2019
Light touch financial regulation after the U.K. leaves the European Union will not help the British financial sector, according to a deputy governor at the Bank of England. Speaking to CNBC’s Joumanna Bercetche at the Innovate Finance Global Summit in London, Deputy Governor for Markets and Banking Dave Ramsden indicated that adopting light touch regulation […]
Jobs: In 12 months Lagos employs 740,146 – NBS
Businessam StaffApril 29, 2019
A total of 740, 146 jobs were added in Lagos State between July 2017 and June 2018, a survey of the National Bureau of Statistics (NBS) as captured in its recently released report has revealed. The feat of job creation recorded by Lagos, as shown in the NBS report, is the highest in the country. […]
SEC DG woos Nigerian youth with capital market investment opportunities
Adesola AfolabiApril 4, 2019
Mary Uduk, acting director general of the Securities and Exchange Commission, (SEC) is encouraging Nigerian youths to invest in the capital market instead of indulging in gambling. Uduk said there are various products and funds available in the market that would appeal to the youth populace in Nigeria, and encouraged them to take advantages of […]
Issuance of dividend warrants will stop by December- SEC
Adesola AfolabiMarch 28, 2019
The Securities and Exchange Commission (SEC) has said the issuance of dividend warrants will be extended to 31st December 2019. According to the SEC, this will allow relevant stakeholders deliberate on and address all outstanding issues. The dividend warrant is a document that shows a shareholder of a company is entitled to a dividend from that company. […]
Dangote Cement releases 2018 financial results, proposes N16 dividend
Adesola AfolabiFebruary 27, 2019
Dangote Cement Plc has released its full year audited results for the year ended 31 December 2018, recording a 91 percent increase in profitability and proposing a N16 dividend to investors. On the back drop of increased infrastructural development in a pre-election year, the company reported a revenue growth of 12 percent representing N901.2 billion […]