Archives - November 2016

  The Equities market recorded a loss of -0.34% to end today’s trading session which closed at 25,233.42bps, while  market capitalization closed at N8.69 trillion.  Market breadth was weak as 21 losers led by FO (-9.74%) over 13 gainers led by MOBIL (+10.25%) was recorded on the chart today. Total volume traded was 511 million shares, …

Nigerians to pay VAT on passports –FIRS Buhari presents budget to N/Assembly Dec 6 e-Dividend mandate gets June 30 deadline Investors commit $4.5bn to fertiliser production MAN urges apex bank to reduce interest rate Dangote Group promises to assist FG out of economic recession FG owes oil marketers $1.7bn Ecobank converts 819.4 million preference shares …

  The Equities market recorded a loss of -0.10% in today’s trading session compared with the 0.22% gain recorded previously.  The NSE ASI closed at 25,490.70bps, while  market capitalization closed at N8.77 trillion.  Market breadth remained strong as 16 gainers led by AFRIPRUD (+4.89%) over 13 losers led by AIRSERVICE (-9.49%) was recorded on the chart …

  Buhari to Present 2017 Budget Dec 1 FG to Roll out Tax Incentives, Shares N420bn with States, LGs W’Bank budgets N12.2bn to clear Apapa gridlock N7.96bn Sterling SPV bond berths Recession: FG plans tax relief for manufacturers FG Loses $52m In Federation Export Sales New vehicle sale drops to 6,000 units annually House Committee …

  The Equities market halted a 7-day losing streak with a recorded gain of +0.22% in today’s trading session to close at 25,517.00bps, while  market capitalization closed at N8.78 trillion.  Market breadth regained stamina as 19 gainers led by STERLNBANK (+5.71%) over 11 losers led by FO (-6.19%) was recorded on the chart today. Total volume …

Amosun budgets N221bn for 2017 FG’s huge debts crippling financial system – CBN Cash call: Nigeria gets $1.7bn discount from IOCs Naira weakens against dollar as CBN maintains benchmark rate Buhari’s economic policies need review, say Utomi, Rewane, dons Nigeria’s oil output rises to 1.9mbd —Kachikwu Emefiele, Ajibola optimistic about economic recovery Fitch affirms BoI’s …

  The Equities market extended a bearish trading in today’s session with a loss of -0.15% to close at 25,461.34bps, while  market capitalization closed at N8.76 trillion.  Market breadth remained weak as 18 losers led by FO (-9.74%) over 11 gainers led by CHAMPION (+8.41%)  was recorded on the chart today. Total volume traded was …

  Nigeria’s telecoms investments hit $68b Oil rallies 3% ahead OPEC meeting We’ll reject proposal to punish dollar hoarders – Senate FRC Releases Rule Nine for Auditors Recession worsens as GDP contracts by 2.24% in Q3 CBN says Forex Act amendment a hoax Nigeria ranks top in Africa’s Internet access Enugu Free Zone Attracts N240bn …

  The Equities market kicked off the week with a loss of -0.15% in today’s trading session, to close at 25,499.00bps, while  market capitalization closed at N8.78 trillion.  Market breadth was weak as 19 losers led by DANGSUGAR (-4.94%) over 13 gainers led by TRANSCOHOT (+4.95%)  was recorded on the chart today. Total volume traded …

  FG proposes jail term for dollar hoarders Local cement production saves Nigeria $2bn annually – Dangote Federation Account allocation dips by N31.8b in October FG makes N1bn from mining leases, licences Emefiele: With Inflation at 18.3%, It’s Not Rational to Cut Interest Rate CBN to provide N750bn for agric bank recapitalisation SEC, NERDC sign …