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Archives - June 2016

23
Jun

PRICELIST OF EQUITIES – Thursday, June 23rd, 2016

  Bullish trading extended on the floor of the Nigerian bourse as Equities closed in green. The benchmark index recorded a gain of 3.13% from previous position to close at 31,071.25 bps. Market breadth remained positive as 37 gainers led by GLAXOSMITH (+10.21%) over 12 losers led by NPFMCRFBK (-4.88%) was recorded on the chart …

23
Jun

BUSINESS NEWS BRIEF – Thursday, June 23rd, 2016

  THISDAY Union Dicon Salt Takes Over $100m Alape Staple Crop Processing Zone The future looks rosy for shareholders of Union Dicon Salt Plc as the company has become the core investor in the $100 million Alape Staple Crop Processing Zone (SCPZ) in Kogi State. Union Dicon Salt replaces Cargill, a United States based agro-industrial …

16
Jun

BUSINESS NEWS BRIEF – Thursday, June 16th, 2016

  PUNCH Nigeria’s foreign debt rises by $7.18bn in 10 years Ten years after Nigeria’s historic exit from the Paris Club of Creditors, the country’s external debt balance has climbed to $10.72bn, up from $3.54bn, investigation has shown.The Federal Government had between 2005 and April 2007 paid over $15bn to exit from both the Paris …

15
Jun

BUSINESS NEWS BRIEF – Wednesday, June 15th, 2016

PUNCH CBN to release flexible exchange rate policy today The new flexible exchange rate policy will be released today (Wednesday), the Acting Director, Corporate Communications of the Central of Bank of Nigeria, Mr. Isaac Okoroafor, has said.The CBN’ Monetary Policy Committee had on May 24 risen from its bi-monthly meeting and announced plans to adopt …

14
Jun

PRICELIST OF EQUITIES – Tuesday, June 14th, 2016

  Cautious trading persisted on the floor of the Nigerian Stock Exchange as investors awaits the modalities of the Flexible Exchange Rate. The benchmark index even dipped further by 0.26% from previous position to close at 27,034.05 bps. However, market breadth was positive as 18 gainers led by NEM (+5.00%) over 9 losers led by …

14
Jun

BUSINESS NEWS BRIEF – Tuesday, June 14th, 2016

  THISDAY Adeosun, Finance Commissioners Meet Today on Fresh Bailout to States The Minister of Finance, Mrs. Kemi Adeosun, will tuesday meet with the 36 commissioners of finance to finalise discussions on a fresh bailout to their cash-strapped states.[Read More…] Power: Planned Transmission Repairs to Cut Supply by 300MW Nigeria’s meagre power generation and supply capacity …

13
Jun

PRICELIST OF EQUITIES – Monday, June 13th, 2016

  From NSE Data, the market declined  further today Monday, June 13, 2016 by a marginal -0.47% to start trading week, dipping  lower from previous’ position to close at 27, 103.89. However, maintaining previous’ position, where the bears held sway with 24 losers over 15 gainers was recorded in today’s trading session. Notably, all sectoral …

13
Jun

BUSINESS NEWS BRIEF – Monday, June 13th, 2016

PUNCH FG generates N586.17bn from taxes in 90 days The Federal Government generated a total sum of N586.17bn as tax revenue through the Federal Inland Revenue Service in the first quarter of this year, a document showing the fiscal position of government has shown.[Read More…] UK approves N4.74bn for solar power in Nigeria The United Kingdom, …

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