In from Success Allantee Flour Mills of Nigeria Plc, Nigeria’s largest flour-milling company, would be distributing N5.51 billion as cash dividends to shareholders for the immediate...
In from Success Allantee After a two-day rally spurred by mild bargain-hunting, Nigerian equities yesterday returned to the negative side with a loss of N22 billion....
As part of efforts to address the issue of unclaimed dividends and encourage patronage of the market, the Securities and Exchange Commission (SEC), the Central Bank...
In from Success Allantee… Ecobank Transnational Incorporated (ETI) Plc, the pan-African financial services holding parent company of the Ecobank brand, has raised about N19.3 billion in...
In from Success Allantee… Zenith Bank Plc, Nigeria’s second most capitalised banking stock and fifth most capitalised company, came under intense selling pressure last week as...
The Nigerian Deposit Insurance Corporation (NDIC) has said that some financial institutions in the country may encounter sudden challenges as a result of their poor governance...
in from Success Allantee… Nigerian equities rallied back from a long-drawn consecutive decline as bargain-hunters sought to take positions in undervalued stocks. The Nigerian stock market...
In from Success Allantee… United Capital Plc, a Nigerian investment banking group quoted on the Nigerian Stock Exchange (NSE), and Lion’s Head, have been appointed as...
Eurozone ministers have agreed to give Greece a €7bn (£5bn) “bridge” loan from an EU-wide fund to keep its finances afloat until a bailout is approved....
Despite a three-day straight slide in the exchange rate of the Naira against the US Dollar, the Central Bank of Nigeria (CBN) has said that there...
Figures from the National Pension Commission (PenCom) indicate that funds in the Contributory Pension Scheme stood at N4.9tn, as at the end of May 2015. According...
By Success Allantee… It was four to one, the game between the downside and upside at the Nigerian Stock Exchange (NSE) again today (Wednesday) ended in...
In from Success Allantee… The return outlook for Nigerian equities worsened yesterday (Tuesday) as the downtrend at the Nigerian Stock Exchange (NSE) entered the 10th consecutive...
In from Success Allantee… As the Nigerian stock market opens today, the Nigerian Stock Exchange (NSE) will shut the regular secondary market against shareholders of three...
The Lagos Chamber of Commerce and Industry (LCCI) has raised concerns over the decision of the Central Bank of Nigeria (CBN) to stop foreign exchange sale...
In from Success Allantee… The downtrend at the Nigerian stock market appeared to be easing off as the margin between advancers and decliners narrowed amidst expectations...
In from Success Allantee Average year-to-date return at the Nigerian stock market worsened further Thursday as quoted equities extended their negative trading to seventh consecutive trading...
Stanbic IBTC Holdings Plc, the Nigerian subsidiary of South Africa’s Standard Bank Group, on Thursday reported a 52 per cent decline in pre-tax profit in the...
In from Success Allantee… AXA, one of the world’s largest insurance companies, has reincorporated the Nigerian insurance company –Mansard Insurance Plc, which it acquired late last...
In from Success Allantee… The New York Stock Exchange (NYSE) suspended trading in all securities on its platform for more than three hours Wednesday over what...
In from Success Allantee… The downtrend at the Nigerian stock market worsened Wednesday as widespread selling sentiments wiped away N119 billion, extending the depreciation to the...
In from Allantee Success… Nigerian equities remained under intense selling pressure today (Tuesday) as investors flooded the tight market with more market orders, leaving hard-pressed investors...
In from Success Allantee… United Bank for Africa (UBA) Plc achieved full subscription to its recent rights issue; successfully raising N11.5 billion from existing shareholders to...
In from Ali Smart… Members of the forum of Commissioners of Finance rose in unison today charging the former Coordinating Minister of the Economy and Minister...
In from Success Allantee… Nigerian equities remained on the negative as the stock market opened Monday under selling pressure. The All Share Index (ASI), the value-based...
In from Success Allantee… Nigeria may precipitate the immediate collapse of its pharmaceutical manufacturing industry with attendant lose of more than one million jobs and N500...
In from Ali Smart… The Central Bank of Nigeria (CBN) has warned that Bureau De Change (BDCs) are not authorised to fund import transactions in any...
In from Success Allantee… Trading on Thursday at the Nigerian stock market was marked by steep decline in turnover and continuing decline in share prices. For...
Less than two weeks after the Central Bank of Nigeria (CBN) stopped the sale of forex to some category of importers, the nation’s currency, naira, on...
In from Success Allantee… Dangote Cement, the most capitalised stock on the Nigerian Stock Exchange (NSE), which had led the N71 billion-gain that closed the last...
In from Success Allantee Skye Bank Plc on Tuesday said it has successfully concluded the integration of Mainstreet Bank Limited, which it acquired late last year...
In from Success Allantee… Oando Plc has reached definitive agreement to sell the majority equity stake in its downstream business to HV Investments, a joint venture...
In from Success Allantee… Nigerian equities market sustained its upswing today (Tuesday) as investors anticipated half-year earnings and bided to adjust their portfolios for the first-half...
The Central Bank of Nigeria ( CBN) has extended the deadline for registration in the Bank Verification (BVN) exerciae to October 31, 2015 to enable more...
It was a dramatic but exciting start yesterday at the Nigerian Stock Exchange (NSE) as Nigerian equities almost regained the losses it suffered in four consecutive...
Stakeholders in Nigeria’s oil and gas industry at a forum in Lagos recently, called on government to provide enabling laws to encourage more private sector players...
As the Bank Verification Number (BVN) project runs to an end June 30, about 14 million Nigerians who are yet to be captured in the exercise,...
In from Ali Smart… 12 Nigerian banks have emerged among top 20 African banks on the African continent. This was the outcome of a survey conducted...
Chief Executive Officers of major banks in the country say there has to be some adjustment in the present level of the naira, in terms of...
In from Success Alantee… The £144.5 million tender offer by Unilever Overseas Holdings, the United kingdom-based foreign core investor in Unilever Nigeria, for the purchase of...
in from Success Alantee… For every six price changes, almost five ended in losses as the tight trades at the Nigerian Stock Exchange (NSE) yesterday turned...
The Central Bank of Nigeria (CBN) has approved the acquisition of Zinternet Nigeria Limited (Zinternet) and its mobile money license by Konga, a Nigerian online retailer....
In an effort to conserve foreign reserves and facilitate the resuscitation of domestic industries and generate employment, the Central Bank of Nigeria (CBN) has banned the...
In from Success Allantee… A combination of bargain-hunting and hold-and-wait sentiments created a tight market situation on Tuesday at the Nigerian stock market. Benchmark indices indicated...
In from Success Allantee…. Nigerian equities opened Monday with a modest rally as investors sought to take positions in several equities, which had suffered significant depreciation...
In from Ali Smart… The Sub-committee on Ethics and Professionalism of the Bankers’ Committee has ruled that the agreement between Honeywell Group and Ecobank to pay...
In from Success Allantee …. The average share price at the Nigerian stock market dropped by 1.08 per cent in the immediate past week, further highlighting...
In from Success Allantee …. Analysts have said the success of the merger between Skye Bank Plc and its acquired bank, Mainstreet Bank Limited is uncertain...
Bilfinger SE, the foreign majority investor in Julius Berger Nigeria Plc, is concluding to sell its entire equity stake in the Nigerian company on or before...
The Central Bank of Nigeria (CBN) will today (Friday) meet with chief executives and treasurers of commercial banks in the country, in a bid to avoid...
