CRe Investment to acquire all outstanding shares of CRe Nigeria

November 27, 2018

 Afolabi Oluwaseun The board of directors of Continental Reinsurance Plc (CRe Nigeria) has announced that it has received an offer from CRe African Investment (CRe Investments), to acquire all the outstanding and issued shares of CRe Nigeria. In a bid to consolidate CRe Nigeria’s operations and repositioning it for enhanced competitiveness in the global insurance […]

Exploring the capital market window for universities’ funding

November 27, 2018

Uche Uwaleke The kernel of the current industrial action embarked upon by the Academic Staff Union of Universities is funding of public universities in Nigeria. The university teachers are not happy over the non-implementation of the Memorandum of Action (MOA) signed with the Federal Government with respect to revitalisation of public universities. Owing to increasing […]

New cost elements as hindrance to deflating unclaimed dividend funds

Adesola AfolabiNovember 27, 2018

It is still a long, winding road ahead to to the pleasure and company of the bales of money locked up in the unclaimed dividend fund for the thousands of retail investors who are encumbered by the cumbersome process involved and the cost of accessing the money. Lying idle in the unclaimed dividend fund is […]

Nigeria’s inflation falls, amidst rising food prices

Nse Anthony-UkoNovember 21, 2018

In sharp contrast to  analysts’ forecast, Nigeria’s annual inflation rate declined marginally to 11.26 per cent in October 2018 from 11.28 per cent in September. The official figure released on Wednesday by the National Bureau of Statistics (NBS) came amidst rising general price level for food items. Analysts at FSDH Merchant Bank and FDC had earlier […]

NSE all share index up on heavy transactions in consumer goods sector

November 19, 2018

Heavy trading in consumer goods blue chip companies propelled a bullish performance at the equities’ segment of the Nigerian Stock Exchange Monday, with the All Share Index (ASI) closing 0.51 percent higher at 32,201.9 points. Buy interests in Nigerian Breweries and Nestle Nigeria which increased 2.7 and 1.4 percent, respectively contributed to the positive performance. […]

SEC to ease deceased investors’ shares transmission 

Adesola AfolabiNovember 15, 2018

SEC moves against flow of illicit funds into capital market

The Securities and Exchange Commission (SEC) says it is addressing the challenge of shares transmission of deceased investors to their next of kin to make the process efficient and less cumbersome. Mary Uduak, acting director general of SEC said in Lagos on Thursday that the commission would engage with the probate registry and sensitise it […]

FG Rakes in $9.5b from over subscribed bonds

Adesola AfolabiNovember 15, 2018

Nigeria’s fund drive for project finance received a major boost on Wednesday as the country’s $2.86 billion Eurobond offering to international investors was over subscribed by 327 percent. The over subscribed figure stands at $9.5 billion. Zainab Ahmed, the minister of finance in a thread of tweets Thursday morning, noted that the fund raising was […]

SEC unveils digital revolution securities trading

Nse Anthony-UkoNovember 14, 2018

The technological trading revolution at the Nigeria Stock Exchange continued on the upward trajectory as the Securities and Exchange Commission (SEC) inaugurated a Fintech  committee to come up with a FinTech roadmap for the Nigerian capital market. The Committee, which is to operate under the purview of the Capital Market Committee (CMC), has Ade Bajomo, […]

Rate hike on card as monetary committee meets

November 14, 2018

The) of the Central Bank of Nigeria (CBN) is to meet on Monday and Tuesday next week to consider key macro economic indices and other monetary policy issues ahead of the general elections next year. Informed industry sources say the Monetary Polic Rate (MPR) may be reviewed upward from the present 14 percent. The MPR […]