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Asset Sales: AMCON Restructures; Seeks Speedy Disposals Strategies
June 21, 2018/AMCON Asset Management Corporation of Nigeria (AMCON), in a bid to rejig its asset sales strategy and facilitate speedy disposals, the Managing Director/Chief... Read more
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SEC takes Financial Inclusion Campaign to Grassroots
June 21, 2018/SEC In line with the determination of the nation’s financial authorities to achieve 80 per cent rate in financial inclusion by 2020, the Securities... Read more
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Nigerian Stocks Close Third Trading Session Red, Driven by Sell-Offs
June 21, 2018 By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian equities market on Thursday closed the third trading session of the week in the red as Nigerian... Read more
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Mastercard Joins Refinery29 as the Official Payment Technology Partner of 29Rooms, The Celebrated Immersive Installation
Mastercard to Unlock Exclusive Access for Cardholders and Showcase the Latest Ways to Pay in San Francisco, Chicago, New York and Los Angeles June 21, 2018/Mastercard... Read more
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MSCI Includes Saudi Arabia Index in MSCI Emerging Market Index and Reclassifies Argentina
Culled—Proshare June 21, 2018/MSCI MSCI will include the MSCI Saudi Arabia Index in the MSCI Emerging Markets Index MSCI will reclassify the MSCI Argentina... Read more
Latest News
- 06/21 Asset Sales: AMCON Restructures; Seeks Speedy Disposals Strategies
- 06/21 SEC takes Financial Inclusion Campaign to Grassroots
- 06/21 Nigerian Stocks Close Third Trading Session Red, Driven by Sell-Offs
- 06/21 Mastercard Joins Refinery29 as the Official Payment Technology Partner of 29Rooms, The Celebrated Immersive Installation
- 06/21 MSCI Includes Saudi Arabia Index in MSCI Emerging Market Index and Reclassifies Argentina
- 06/21 Intraday Update: Nigerian Stocks Down -1.28% on Sell-Offs
- 06/21 ‘Devils Pawn’10 Years Story Wins GTBank Dusty Manuscript Contest
>> << Trending
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Nigeria’s Exchange Reports 1,622.03% Increase in Listing Activities in 2017
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IMF Says no Winner in Trade War
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MTN Nigeria: Initial Public Offering Teaser
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Global stakeholders discuss role of exchanges & CCPs in preserving market integrity at WFE London meeting
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The mirage of Djibouti’s Economic Success
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Côte d’Ivoire is becoming the bread basket of West Africa
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Rising US Dollar Will Test EM Vulnerabilities Across Sectors
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$80 Oil Inches Closer
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Beaches and Bitcoin: Remarks before the Medici Conference
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Africa FICC – Africa Accounts for An Estimated 9% of World Oil Output in 2016
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A Window of Opportunity Remains Open: The IMF MD’s Global Policy Agenda Update
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A Bumpy Road Ahead
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IMF Says World Growth Strengthened 3.8% in 2017
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IMF Releases the April 2018 World Economic Outlook
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WFE, Oliver Wyman joint report examines the pivotal role of market infrastructures in ensuring market integrity
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Shrugging Off Trade War, Oil Holds Gains
Money Market
Forex Market Gets $210m Lift
Culled—Proshare June 21, 2018/CBN The Central Bank of Nigeria (CBN) has made available the sum of $210million, to meet customers’ requests in various segments of the foreign exchange market. In… Read more
As Western lenders retreat, African banks see an opportunity
Their pan-continental plans have not paid off. Yet 14/6/2018/The Economist ADE AYEYEMI’S office in Lomé, the capital of Togo, is a good place to think about crossing borders. Ghana is… Read more
Heritage Bank committed to innovative banking services
June 18, 2018/Heritage Bank Limited Heritage Bank Plc, Nigeria’s Most Innovative Banking Services Provider; has said it is committed to innovative banking services through its transparent MasterCard. Head of Corporate… Read more
Business News
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LafargeHolcim Unveils Special Concrete, Tailor-Made Solutions for Switzerland’s Highest Building
June 21, 2018/LafargeHolcim Start of delivery for ultra-high performance concrete for second Roche Tower in Basel Construction will be Switzerland’s highest building as of 2022 New project win for LafargeHolcim… Read more
- AfDB invests in Sudan agribusiness
- 10 billion reasons why businesses need Dataeum
- Google to invest $550 million in Chinese e-commerce giant JD.com
Capital Market
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NSE Proposes Rules on Free Float, REITs and Listing on Growth Board
June 1, 2018/NSE Notification of proposed rules and rule amendments and invitation for comments notice is hereby given that, the following proposed rules and rule amendments are exposed for comments…. Read more
- House of Reps Sub-committee Seek to Sanitise the Nigerian Capital Market
- Working Together to Advance Financial Reporting
- SEC Restates Commitment to Ensure Fairness and Transparency in Capital Market Transactions
Fraud & Scandals
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SEC Charges New York Penny Stock Financier with Fraudulent Market Manipulation and Scalping Scheme
June 20, 2018/US SEC On June 18, 2018, the Securities and Exchange Commission charged Joseph A. Fiore, a penny stock financier based in Bronxville, New York, and two companies that… Read more
- SEC Shuts Down $102 Million Ponzi Scheme
- Merrill Lynch Admits to Misleading Customers about Trading Venues
- Dallas Oil-And-Gas Company, CEO Settle $8 Million SEC Fraud Suit
Insurance
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Rak Insurance Wins 2018 UAE Medical Insurance Company of the Year Award
June 5, 2018/AETOSWire RAK Insurance was named the ‘2018 UAE Medical Insurance Company of the Year Award’ at the 2018 Frost & Sullivan Middle East Best Practices Awards Banquet held… Read more
- Leadway Assurance Launches Campaign to Entrench Savings Culture among Nigerians
- Does Blockchain Represent a Paradigm Shift for Insurance?
- African Alliance Insurance Says N8.0 Billion Claims Settled in 2017
Investors Bite
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Intraday Update: Nigerian Stocks Down -1.28% on Sell-Offs
June 21, 2018 By InvestAdvocate Lagos (INVESTADVOCATE)-As at midday Thursday, the Nigerian Stock Exchange all-share index (NSEASI) is down -1.28 percent on sell-offs across sectors InvestmentOne reports that market movers… Read more
- Dangote pays 90% of net profits as dividend
- Offshore Selloff Drives FGN Bond Yields Closer to 14%
- SEC Charges New York Penny Stock Financier with Fraudulent Market Manipulation and Scalping Scheme
Money Market
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Forex Market Gets $210m Lift
Culled—Proshare June 21, 2018/CBN The Central Bank of Nigeria (CBN) has made available the sum of $210million, to meet customers’ requests in various segments of the foreign exchange market. In… Read more
- As Western lenders retreat, African banks see an opportunity
- Heritage Bank committed to innovative banking services
- Ecobank Announces Retirement of Dolika Banda from its Board
Mortgages
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AfDB promotes better access to mortgage finance in Ghana
June 7, 2018/AfDB The African Development Bank approved a US $15-million senior loan to GHL Bank PLC, which focuses on mortgage finance, to enhance its mortgage loan portfolio and help… Read more
- Building the Business Case for Housing Microfinance in Sub-Saharan Africa
- Buildcon Rolls Out New Estate, Offers Opportunities at Lekki Free Trade Zone
- Seven things you need to know about mortgages
Over-the-Counter Beat
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CBN, FMDQ, FMDA Propel Market Confidence, Unveils FMDQ’s Q-ex Platform for the Fixed Income Market
June 11, 2018/FMDQ OTC Hearty congratulations are undeniably to be in order for the Central Bank of Nigeria (CBN), FMDQ OTC Securities Exchange (FMDQ or the OTC Exchange) and the… Read more
- FMDQ unveils critical Clearing Infrastructure
- CBN Direct Banks to Pledge N1.0 Billion Govt Securities for OTC Trade Settlement
- FMDQ Clear, Frontclear Sign MoU to Deliver First-Class Clearing Structure in Nigeria
Q & A Session
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FG Expects More Investment in Power Sector-Says Osinbajo
* Adds govt ready to actively support said investors 15/6/2018 REMARKS BY HIS EXCELLENCY, PROF. YEMI OSINBAJO, SAN, GCON, VICE PRESIDENT, FEDERAL REPUBLIC OF NIGERIA, AT A MEDIA CHAT WITH… Read more
- Technology is the Future of Nigeria's Economy, Commerce and Industry-Osinbajo
- President Buhari Affirms EFCC Right to Go After the Corrupt-Osinbajo
- We Are Waiting on the National Assembly for 2018 Budget-Osinbajo
Results & Dividends
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Dangote pays 90% of net profits as dividend
…Delights shareholders with N10.50 per share payout June 21, 2018/Dangote Group Shareholders of Dangote Cement on Wednesday at the company’s 9th Annual General Meeting (AGM), held in Lagos were full… Read more
- Nestle Nigeria Plc Q1 2018 Earnings Review
- Conoil Offer Investors N2.00 Dividend in 2017 FYE
- Nigerian Breweries Plc Q1 2018 Earnings Review
Trending
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Nigeria’s Exchange Reports 1,622.03% Increase in Listing Activities in 2017
June 2, 2018 By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) in 2017 recorded a 1,622.03 percent increase in listing activities from from N2.59 billion in 2016 to N44.51 billion… Read more
- IMF Says no Winner in Trade War
- MTN Nigeria: Initial Public Offering Teaser
- Global stakeholders discuss role of exchanges & CCPs in preserving market integrity at WFE London meeting
Updates
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Asset Sales: AMCON Restructures; Seeks Speedy Disposals Strategies
June 21, 2018/AMCON Asset Management Corporation of Nigeria (AMCON), in a bid to rejig its asset sales strategy and facilitate speedy disposals, the Managing Director/Chief Executive Officer of AMCON, Mr…. Read more
- SEC takes Financial Inclusion Campaign to Grassroots
- Mastercard Joins Refinery29 as the Official Payment Technology Partner of 29Rooms, The Celebrated Immersive Installation
- MSCI Includes Saudi Arabia Index in MSCI Emerging Market Index and Reclassifies Argentina
World News
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IMF Managing Director Christine Lagarde Welcomes Argentina Government’s Economic Policy Plans
June 13, 2018/IMF Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement today on the Argentina government’s Letter of Intent and Memorandum of Economic… Read more
- LafargeHolcim provides construction solutions for Russia’s football stadiums
- G7 Summit 2018: Commentary On Africa And Full Text Of Communiqué
- Oil Falls On OPEC Uncertainty
