Capital Market

IAPM impressed with recovery level of market

The resilience and rapid performance of the capital market came to the fore, when the council members of the Investment Advisers and Portfolio Managers Association visited the floor of the stock exchange.
NSE delists Crusader (Nigeria) Plc from the Daily Official List

Crusader (Nigeria) Plc was delisted from trading on 13th May 2013 after conclusion of the merger with Custodian and Allied Insurance Plc.
Concurrent Gainers on NSE: Financial Services and Consumer Goods Stocks dominate

It is a known fact that Stock Markets generally are information driven and as such a normal practice for investors to act rationally and without bias at any instant that they estimate the value of a stock based on future expectations. Despite the informat
CSCS is critical to economic growth-Mr Kyari Bukar MD/ Central Securities Clearing System

With the increasing trend of activities and participation in the Nigerian Capital market, the prospects for growth and sustainability came to the fore at the Nigeria-South African Chamber of Commerce May 2013 Breakfast Meeting at the Eko Hotels and Sui
Courteville bring finesse to the market as they declare profit for the fifth year running

It is not often that companies who get listed on the floor of the stock exchange, declare sustainable profits for five years in a row, that seems to be the story of the Nigerian based business solution firm Courteville, a group that has experienced
Custodian & Allied Insurance merger with Crusader Insurance key for growth- Mr Oluwole Oshin

The prospects for the Insurance Industry becoming viable and engaging in the Nigerian market, received a major boost as the Custodian & Allied Insurance completed their merger with Crusader Insurance making it one of the most strategic business move in th
NSE LII Surpasses other Sectoral Indices; Records +34.86% YTD Gains

The NSE specialized sectoral indices continued to record improved performance(s) as majority of the indices presently trade in the green zones. This further affirms the impressive performance recorded by the broad NSE All-Share Index (ASI) with a +27.43%
Investor clinic series to engage professional bodies- Mr. Bola Adeeko, GM Corporate services NSE.

Determined to increase the level of participation in capital market, the stock exchange has unveiled plans to engage professional bodies, in its next round of Investor clinic series.
KPMG auditors gives NSE clean bill of health at 52nd AGM

Global financial auditors the KPMG group have given the Nigerian Stock Exchange a clean bill of health in its financial records at its 52nd AGM held at the exchange building in Marina,Lagos, .
Kenya records +24.53% 2013 YTD gains to lead African Exchanges

The impressive performance recorded by African Exchanges amongst their peers (and indeed on a comparable global stage) continued as at month end when Kenya led all African Exchanges based on YTD performance.
Global stock markets remain bullish as African Exchanges sustain lead

Investors across the world appear to believe that the global economy is on the fix and that the overall macro-economics is improving – thus luring value investors to dump precious metals in favour of equities.
UBA, Other Banks Syndicate $3billion Medium Term Facilities for MTN.

United Bank for Africa (UBA Plc), One of Africa's leading financial institutions, along with a consortium of local and international banks, Tuesday signed a $3 billion (N470b) loan agreement with MTN Nigeria, towards expanding its network infrastructure i
Foreign Portfolio Participation in Equity Trading At NSE 2007 - March 2013

On a monthly basis, the Exchange polls trading figures from major custodians and market operators on their foreign portfolio clients. The table below shows the breakdown of the portfolio inflow and outflow between 2007 and March 2013
The Death Of Analysis

It was curious reading the piece "Dangote Cement Plc: The Fulcrum of The Nigerian Stock Market" by Thaddeus Investment Advisors Limited. The review was a curious one not so much because of what it disclosed as for what it left unsaid. After all, in the ru
Dangote Cement Plc: The Fulcrum of The Nigerian Stock Market

This commentary looks at the impact, effect and value of Dangote Cement Plc and what this may potentially mean for the Nigerian Stock Market going forward.
NSE lists C & I Leasing N940 million 18% Fixed Rate Bond

Listing of C & I Leasing - N940 million 18% Fixed Rate Bond 2012/2017 under the N10 billion Issuance Programme was admitted on The Exchange on 15th April, 2013.
CPSS and IOSCO monitor the implementation of the PFMIs

The Committee on Payment and Settlement Systems (CPSS) and the International Organization of Securities Commissions (IOSCO) have started the process of monitoring implementation of the Principles for financial market infrastructures (the PFMIs).
NSE delists Nigerian Bag Manufacturing Company Plc from the DOL

Following the Scheme of merger between Flour Mills of Nigeria Plc with Nigerian Bag Manufacturing Company Plc, Nigerian Bag Manufacturing Company Plc was delisted from the Daily Official List of The Exchange on 11th April 2013.
NSE places Crusader shares on full suspension

Full suspension was placed on the shares of Crusader Plc prior to delisting of Crusader Plc and listing of the Scheme merger between Custodian and Allied Insurance Plc and Crusader Plc shares. The Full suspension took effect from Monday, April 8, 2013.
Technical Analysts in Nigeria to Converge for Strategic Conference

As the Nations capital market shows positive signs of recovery, the Society for Technical Analysts in Nigeria, the body responsible for coordinating and driving financial market insight, report, outlook and forecast for the market, is set to converge in
The NSM in 2013: Interesting Insights for Further Introspection

As at April 5th, 2013 (last week Friday), the two stocks that have the best year-to-date price performance in the Banking and Insurance sectors of the Nigerian Stock Exchange are both companies that have publicly expressed their desire to raise funds from
NSE set to aid Emerging Businesses, introduces 14 Designated Advisers for ASeM

The Nigerian Stock Exchange concluded another phase in its plans of nurturing the growth of small to mid-sized companies via the announcement of selected Designated Advisers (DAs) for companies listed on the Alternative Securities Market (ASeM).
NSE Gears up for Alternative Securities Market

The Nigerian Stock Exchange has announced that it will be launching an Alternative Securities Market (ASeM) in April 2013 for Emerging Companies with high potential for growth in Nigeria. ASeM will be a specialised board on the Nigerian bourse where small
Thirteen (13) firms approved as Supplemental Market Makers

With a view to expanding the market to meet its capitalization mark, the Nigeria Stock Exchange today launched its 'Supplemental Market Makers Program' which it believes will be one of the catalyst for market growth.
Transcript of interview with Sir Sunny Nwosu, Shareholder Activist

Good evening sir, thank you for granting us this interview. If I may, I will like to get the session started by asking for your take on the Holding Structure adopted by banks under the reform programme of the CBN?
UAC of Nigeria Plc Announces the Acquisition of 51% Equity Stake of Livestock Feeds Plc

UAC of Nigeria Plc Announces the Acquisition of 51% of Livestock Feeds Plc, thus strengthening its Stake in the Nigerian Animal Feeds Sector
African Stocks records growing optimism, Nigerian market ranks third in Africa

Optimism towards investment in stocks in the black continent remained strong, steadily looking northwards.
African Stocks record sterling returns among top global exchanges

Who would have believed if you were told that the Kenyan stock exchange has the highest return in the world in the year to date; and that the Nigerian ASI will be the bourse with the third highest return to date
Vibrant Capital Market essential to the growth of the economy- Mr Victor Oghienmonyi

The Nigerian Media have been urged to carry out more Investigations and Analysis on Companies and their dividends pay out, as a way of releasing vital information that will assess their performance in the Capital Market.
NSE Increases Market Making Stocks to 52

The Nigerian Stock Exchange (NSE) has announced the addition of four new stocks to the market making programme. The new additions are: Portland Paints & Products Nigeria Plc; ABC Transport Plc; Glaxo SmithKline Consumer Nigeria Plc and Stanbic IBTC Holdin
82% of Quoted firms yet to file 2012 Audited Results

As one of the key post listing requirements, quoted companies are expected to file their financial results at the end of each quarter as well as each financial year. The financials are expected to be filed within ninety (90) days after the end of each qua
Stamp Duties, VAT and the MoF Announcement – CLARIFICATION & NEXT STEPS

Following the decisions made by the committee set up to revive activities on the Nigerian Stock Exchange, the finance minister, Dr. Ngozi Okonjo-Iweala announced a waiver of stamp duties and exemption of VAT on transactions on the exchange. Below is an ex
Brokers call on SEC board to publish guidelines for demutualisation

The newly constituted board of the Securities and Exchange Commission (SEC) of Nigeria rang the opening bell to kick off trading today while on a familiarisation visit to the members, management and staff of the Nigerian Stock Exchange.
IOSCO Publishes Principles of Liquidity Risk Management for CIS

The International Organization of Securities Commissions published today the final report on Principles of Liquidity Risk Management for Collective Investment Schemes, which contains a set of principles against which both the industry and regulators can a
Nigerian market outperforms American equities by a large margin

Investors who have done well buying U.S. stocks this year could be doing even better with Nigeria.
How could small Exchanges improve liquidity of the stocks?

This is a question trending now on the African Capital Markets LinkedIn page.
IOSCO Publishes Report on Investor Education Initiatives

The International Organization of Securities Commissions (IOSCO) has published today the Report on Investor Education Initiatives Relating to Investment Services.
CSCS cleared transactions worth N658bn in 2012

The Central Securities Clearing Systems cleared and settled transactions valued at N658bn in the year 2012.
The Nigerian Equity Market Watch @ 200213

The NSE All-Share Index rose by 1.12% today to 33,708.18 points, this is as market capitalisation now stands at N10.786trn The top contributors to the broad index gain are: Nestl (up 7.80%), which added +241.65 points to the index; Nigerian Breweries (u
Today’s EQUITY MARKET UPDATE by DLM

The NSE All-Share Index rose by 0.25% today to 33,335.27 points and Top contributors were Nestl with a +5.81% gain as it added +134.28 points to the index level, Dangote Cement came next with a +0.83% gain and added +69.29 points, Union Bank came third w

Weekly Top-5 Picks of Nigerian Equities - Week 20th May, 2013

DUNLOP declares N437.4m loss in Q2 '12 result,(SP:N0.50k)

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