Category: Capital Market

          Importers have ordered for some 1.89 million metric  tonnes of raw sugar valued at N193.5billion ($602.15million) as local production fell by 95 per cent.     The import will be shipped into the country from January 2020, following dwindling local production estimated at 80,000 tonnes.     Statistics provided by International Sugar Organisation revealed that global price of the commodity had reached $321.35 per tonne as at September 2019.     Findings revealed that import since January 2019 was 1. 87million tones.     A…

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      A total of 109 quoted companies have been delisted from the official list of Nigerian Stock Exchange (NSE) since 2002, according to reports     Findings showed that while some firms were delisted for violating post-listing requirements or due to merger and acquisition, others, however, chose to delist voluntarily when they no longer have the capacity to play in the market.     It was also found out that most of the companies delisted cited harsh economic climate and parent company buy-out as reasons.     Some…

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Africa Prudential Plc has charged the cooperative movements in Nigeria on digital adaptation in their business, culture and structure to properly position them  in the new digital economy, and unlock the potential of the sector in sustainable economic development in Africa.     The call was made by Obong Idiong, Managing Director/CEO, Africa Prudential Plc, while speaking as at the 5th Cooperative Summit and 2019 International Cooperative Day, held by the Cooperative Federation of Nigeria (CFN) at Jos, Plateau State last week.     While delivering his paper on Cooperatives…

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European stocks finished lower on Monday as Britain’s export-heavy FTSE index tumbled due to a stronger pound, while selling in defensive sectors such as healthcare and utilities dented early gains in markets.     After rising as much as 0.2 per cent after a surprise rise in German exports and hopes of stimulus from the European Central Bank later this week, the pan-European STOXX 600 index gave up gains as the day wore on.     According to Reuters, the index closed down 0.3 per cent, ending a three-day run…

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  .Declares 25k interim dividend Access Bank Group’s audited H1 results released to the Nigerian Stock Exchange (NSE) yesterday showed gross earnings of N324.4 billion, up 28 per cent from N253.0 billion in the corresponding period of 2018. According to a statement from the bank, the growth in gross earnings was driven by 46 per cent increase in interest income on the back of continued growth in the bank’s core business and 22 per cent non-interest income underlined by strong recoveries.   The bank delivered a profit before tax of…

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  Another recent escalation in the trade dispute between the US and China has punished crude oil prices and set off warning signals for oil-producing countries like Nigeria, FXTM Research Analyst, Mr. Lukman Otunuga, has said.   Otunuga in a report obtained by New Telegraph also said Nigeria’s GDP slowed down to 1.94 per cent in the second quarter from 2.1 per cent in the first quarter, following the trend seen in several economies such as Germany and the UK.   “It is becoming quite clear that as long as oil…

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  Trading activities on the floor of the Nigerian Stock Exchange (NSE) closed the first trading week of September on the downside as the NSE All-Share Index and market capitalisation both depreciated by 1.38 per cent to close last week at 27,146.57 and N13.207 trillion respectively.   Similarly, all other indices finished lower with the exception of NSE Banking, NSE Pension, NSE Insurance, NSE-AFR Bank Value, NSE AFR Div Yield, NSE MERI Value, and NSE Industrial Goods Indices, which appreciated by 0.20 per cent, 0.84 per cent, 0.83 per cent,…

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  The Nigerian Stock Exchange (NSE) is set to host the 4th edition of NSE Market Data Workshop. According to a statement from the exchange, the 2019 NSE Market Data Workshop,  which is scheduled to hold on September 11, in Lagos, will bring together investors, market data aggregators, exchanges, market regulators, government agencies, broker dealers, media and other capital market stakeholders to discuss market data products and partnerships opportunities available to launch customer-centric products, while leveraging on strategic synergies and technologies to drive market participation.   The one-day event with the…

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