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Transcop gets shareholders’ approval to raise N40bn

March 19, 2018/Punch Ifeanyi Onuba, Abuja Shareholders of Transcorp Hotels Plc have given approval to the management of the firm to raise the sum of N40bn for the upgrade the… Read more »

UNILEVER Board Approves 2017 Dividend Payment, Audited Financial Statements

March 19, 2018/NSE This to notify The Nigerian Stock Exchange and our esteemed shareholders that at the meeting of the Board of Directors of Unilever Nigeria Plc which held on… Read more »

Morison Industries Rights Issue oversubscribed by 1.12m shares

March 19, 2018/Vanguard By Peter Egwuatu MORISON Industries Plc has recorded over-subscription of 1.12 million shares in its Right Issue following the shares’ allotment result released last week. Consequently, the… Read more »

NASD USI Loses 0.29% ;Volume of Shares traded increase 300% wow

Culled—Proshare March 16, 2018/NASD Plc The NASD OTC Market ends the week in red, as the NASD USI decreased by  0.29%, closing at 661.30 points (as against 663.22 points last Friday). Consequently, total market capitalisation shed 0.29% this… Read more »

Total Nigeria Plc – Policy Shift Key to Full Recovery

Culled—Proshare March 16, 2018/CardinalStone Research  Following the release of TOTAL’s FY’17 results, we have reviewed our projections and revised our target price downwards to N232.17. Our target price implies a… Read more »

SEC Charges U.K. Brokerage Firm, Investment Manager, CEO, and Others for Manipulative Trading in U.S. Microcap Stocks

March 16, 2018/US SEC Litigation Release No. 24067 / March 16, 2018 Securities and Exchange Commission v. Beaufort Securities Ltd. and Panayiotis Kyriacou a/k/a Peter Kyriacou, No. 18-cv-01317 (Eastern District… Read more »

NSE Declines -0.59% in Last Trading Sessio, Week-to-Date Down -2.85%

March 16, 2018/InvestmentOne Update The Nigerian equities market ended the last trading session of the week in the red, losing 0.59%, WTD down by 2.85%. Market breadth index was negative… Read more »

Intraday Update: NSE’s Benchmark Index Down -0.61% on Continuos Sell-Offs Across Sectors

March 16, 2018/InvestmentOne Update ASI as at 12.00pm: -0.61%. Market movers: JAPAULOIL (-8.22%), FCMB (-7.95%), UAC-PROP (+4.76%), JOHNHOLT (+3.85%). Sector Performances: Banking (-1.25%), Consumer Goods (-1.03%), Industrial (-0.02%), Oil &… Read more »

Challenging H2 for PZ Nigeria Plc: The Parent Company Has Confirmed It!

March 16, 2018/Cordros Update Update: PZ Cussons Plc (PZC), the parent company of PZ Nigeria Plc (PZN), stated in a trading update released yesterday, that it now expects its profit… Read more »

Markets Turns Bearish as CBN Sells N443bn OMO bills

Culled—Proshare March 16, 2018/Zedcrest Capital ***Nigeria’s central bank aims for first rate meeting by April***- Emefiele  KEY INDICATORS Inflation 14.33% Declined by 0.80% in February from 15.13% in January 2018… Read more »