Archives - July 2015

From NSE Data, the  Equity market  today July 31, 2015, completed an eight-day losing streak to close the month at 30,180.27 as it sheds a further -0.84%, thereby deepening the week–to–date, month–to–date and year-to-date market returns’ losses to -2.93%, -9.79% and -12.91% respectively. The bears maintained a firm hold on the market as 35 losers over 13 gainers …

From NSE Data, the  Equity market  today July 31, 2015, completed an eight-day losing streak to close the month at 30,180.27 as it sheds a further -0.84%, thereby deepening the week–to–date, month–to–date and year-to-date market returns’ losses to -2.93%, -9.79% and -12.91% respectively. The bears maintained a firm hold on the market as 35 losers over 13 gainers …

  Dangote Cement Plc (DANGCEM)  released its half year  unaudited results for the period ended June 30 2015 recently. From the result gathered; Revenue rose by 15.94% y/y to N242.22 billion; Gross profit also grew by 16.50% y/y to N157.71 billion (65.11% margin); Operating profit as well grew by 9.30% y/y to N122.41 billion  from …

PUNCH US agency to train Dangote Oil Refinery workers The United States Trade and Development Agency has signed a $997,447 training grant with Dangote Oil Refining Company to develop critical human capacity resources necessary to successfully operate and maintain Dangote’s Greenfield petroleum refinery situated in Lagos.[Read More…] Shell’s production in Nigeria falls by 28% Shell …

PUNCH FG to borrow N195bn via Treasury bills-The Federal Government is planning to sell N195.17bn ($981m) worth of three-month, six-month and one-year Treasury bills on August 5, the Central Bank of Nigeria has said.[Read More…] Oil worth $13.7bn stolen under NNPC, says NEITI-The Executive Secretary of the Nigeria Extractive Industries Transparency Initiative, Hajiya Zainab Shamsuna-Ahmed, …

  From NSE Data, the equity market extended its bearishness as the NSE ASI sheds a further -0.63% to close today’s trading session at  30,614.81. Contributing to this decline was the depreciation in the prices of major blue chip stocks. . ACCESS, GUARANTY and ZENITHBANK, were the most active stocks boosting market turnover in the …

  From NSE Data, the equity market extended its bearishness as the NSE ASI sheds a further -0.63% to close today’s trading session at  30,614.81. Contributing to this decline was the depreciation in the prices of major blue chip stocks. . ACCESS, GUARANTY and ZENITHBANK, were the most active stocks boosting market turnover in the …

  Total Nigeria Plc  released its half year  unaudited results for the period ended June 30 2015 recently. From the result gathered, Revenue declined by -6.81% y/y to N111.97 billion from N120.16 billion in 2014. Operating profit also decreased by -0.54% y/y to N4.40 billion which was as a result of  increase in Operating Expenses …

DAILY TRUST Banks to publish loan defaulters next week-Banks and discount houses will from next week August 1st commence the publication of the list of loan defaulters in newspapers, as directed by the Central Bank of Nigeria.[Read More…] THE GUARDIAN Nigeria’s external trade drops to $26.74 billion-Nigeria recorded an estimated total external trade of $26.74 billion in …

  From the NSE data, the equity market depreciated by  -0.91% to close at 30,807.54  in today’s trading. Also, the market breadth was negative as 33 losers over 12 gainers was recorded.