Market Date: 19-06-2013
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Public Offers Private Placements
African Paints is on life-support, extends loss with negative Net Assets in Q3’12
African Paints Nigeria Plc reported an unimpressive Q3'12 performance, closing the year with another loss of N19.92million for the period ended 30th September 2012, extending losses as its net assets plunged into the red zone.
IPO’s in the works: Opportunities and Threats for Potential Private Firms
The much anticipated revival of the IPO market in Nigeria will be hinged on two major issues, despite impressive recent up-tick in the market the ability of prospective companies to get a right valuation for the share-worth and the improvement in market
Why Right-Issues dominate the primary market - Investors pause on IPOs
The key purpose of the financial market is to help active and growing firms raise capital more efficiently. Recently, the Nigerian Capital Market recorded some positive impetus from firms to raise capital but the vehicle of choice was not through public o
Rights Issue – 3 new firms granted approvals to make offers to shareholders
Kindly find below the names/list of firms that have been granted approval to approach the market for a rights issue:
SEC Restates Commitment to Deepening the Nigerian Capital Markets and widening Investor Choice thro
The Securities and Exchange Commission , SEC , has assured local and international investors of its resolve to continue making sweeping changes geared towards giving greater depth and enhancing investor choice in the capital markets through real estate in
George Soros invests in Manchester United
The billionaire investor George Soros has bought a stake in Manchester United football club, a US regulatory filing showed.
N850m fraud: EFCC arraigns Bank PHB, officials, Indian
AN Indian, three officials of former Bank PHB, Nulec Industries Limited and Bank PHB were, on Wednesday, arraigned on a two-count charge of conspiracy and obtaining by false pretence by the Economic and Financial Crimes Commission (EFCC) before Justice Ha
Japan Airlines Set to Raise About $8.5 Billion in IPO Next Month
Japan Airlines Co. will seek 663 billion yen ($8.5 billion) in the second-biggest initial public offering this year, completing a two-year turnaround from bankruptcy into the worlds most profitable carrier. The airline will list on the Tokyo Stock Exchan
Lawmakers Push for Overhaul of IPO Process
A bipartisan group of lawmakers called on regulators to overhaul the way initial public offerings are conducted, concerned that last month's flubbed stock sale by FacebookInc. FB -0.97% shows the current system unfairly punishes small investors.
Will there be a revival in the IPO markets soon?
Initial Public Offerings (IPOs) always held out an attraction for capital markets – for one, it is the clearest indicator of a performing regulator focused on market development and linkages between the economy and the bourse.
UBN Refunds Proceeds of Failed Rights Offering
The Union Bank of Nigeria (UBN) on Tuesday said that it had refunded all shareholders that participated in its rights offering that was cancelled by the Securities and Exchange Commission (SEC). Mr Francis Barde, the Head of Corporate Affairs of the bank,
Takeover Bid of Guaranty Trust Assurance Plc
Assur Africa Holding (AAH) hereby offers to purchase, upon the terms and subject to the conditions described in the Takeover Bid Document, shares representing up to 7.32% of the issued share capital of Guaranty Trust Assurance (GTAssur), on a pro-rata bas
SEC Stops Publicity of Private Placements
As part of efforts to avoid recurrence of the crash of the Nigerian stock market in 2008 and 2009, the Securities and Exchange Commission (SEC) has stopped the publicity of private placements in the market, warning that any company that publicises its pri
Board okays Oando's N20b rights issue
The board of directors of Oando Plc has approved rights issue of 301,694,876 ordinary shares of 50 kobo each at N70 per share.
World Bank backs out of privatisation programme - FG realised N1trn privatisation proceeds in 8 yrs
The World Bank has backed out of the country’s privatisation programmes, as the Privatisation Support Programme (PSP) ends in December.
Benue Assembly passes bill to raise N13bn from capital market
The Benue State House of Assembly on Wednesday passed a bill empowering the government to raise money from the capital market for the execution of projects in the state.
Introduction of Blocked Amount may save investors Return money palaver
If the Nigerian Capital Market (NCM) can introduce a new process applicable to retail individual investors referred to as Application Support by Blocked Amount (ASBA), it could led to saving investors the trouble of non-receipt of return money.
Cadbury Nigeria seek regulatory approval for Rights Issue
Cadbury Nigeria Plc (Cadbury) is seeking approval from Regulatory Authorities to raise fresh funds through a Rights Issue.
AP posts N7.15bn profit, pays 520k dividend
African Petroleum Plc, has returned a marginal profit rise in spite of the inclement business climate in the 2008 financial year.
Zenith: Registrar reiterate reissue of certificates to investors within 14 days
Zenith Registrars Limited has reiterated its resolve to reissue share certificates to investors who are yet to receive the Zenith Bank Plc (Zenith) year 2007 Public Offer (PO) certificates.
Kajola reports 100% allotment on year 2008 Private Placement
Private Investment Company, Kajola Integrated Investment Limited (Kajola) has reported a 100 percent (100%) allotment to investors who took part in its year 2008 Private Placement (PP).
LBIC gives investors 100% allotment on year 2007 Placement
Lagos Building Investment Company Limited (LBIC) is giving a 100 percent (100%) allotment to investors who took part in the company’s year 2007 Private Placement (PP).
FAML Eurobond: Alternative investment projects 51.78% return
FAML Eurobond Guaranteed Investment Note has projected 51.78 percent (51.78%) returns to investors who take part in the alternative investment opportunity.
Honeywell plays up prospect after successful offer
Both investors and prospective investors who bought into the just concluded Honeywell Flour Mills plc’s offer have been assured of reaping from the very impressive financial
US SEC Could Seek Nasdaq Upgrading
The Securities and Exchange Commission is investigating what caused the mishaps that plagued the Nasdaq Stock Market during Facebook shares' debut on May 18 and the effects on brokers and investors who lost money.
Eterna Plc N5.303 bn Rights ends today
Petroleum Marketing Company, Eterna Oil & Gas Plc (Eterna) has ended its N5.303 billion Rights Issue today Thursday April 30 2009.
Courteville set for top 5% on ROI by 2010
Courteville Investment Plc (Courteville), indigenous business solution provider is set to be amongst the top five percent (5.0%) in terms of Return on Investment (ROI) at the Nigerian Stock Exchange (NSE). Adebola Akindele, Managing Director/Chief Executi
Core Trust commences N2.186 bn Capital raising
Core Trust & Investment Limited (CORETRUST) has finally commenced its Capital raising of N2.186 billion after several postponements due to the current Market Meltdown. This was contained in an Information Memorandum made available to Proshare NI in Lagos
Pinnacle Point, South African firm list tomorrow on NSE
Pinnacle Point Group, a South African firm would tomorrow Tuesday March 17 2009 list its shares by introduction on the Floor of the Nigerian Stock Exchange (NSE) in Lagos Nigeria.
Core Trust seek institutional investors N2.186 bn Capital
Core Trust & Investment Limited (CORETRUST) is seeking Institutional Investors in its N2.186 billion Capital raising. Fisayo Oyedeji, Managing Director/Chief Executive Officer (MD/CEO) of the company confirmed to Proshare NI today in Lagos Nigeria.
Core Trust commences N2.186 bn Capital raising
Core Trust & Investment Limited (CORETRUST) has finally commenced its Capital raising of N2.186 billion after several postponements due to the current Market Meltdown. This was contained in an Information Memorandum made available to Proshare NI in Lagos
DEAP Capital to raise fresh funds
DEAP Capital Management & Trust Plc (DEAP), playing in the Other Financial Institutions Sector of the Nigerian Stock Exchange (NSE) is seeking to raise fresh funds and has plans to get a Core/Institutional Investors on the Board of the Company.
Geo-Fluids N12 bn Private Placement, what next?
Geo-Fluids Limited, a company operating in the Oil and Gas Services sub-sector of the Nigerian economy in May 21 2008 sought to raise N12 billion when it opened a Private Placement (PP).
Imo State N20bn Bond
Imo State Government of Nigeria is in the market to raise the sum of N40 billion over a 2-year period via the issuance of an ISPO (Irrevocable Standing Payment Order) backed bond off an MTN (Medium Term Note) Issuance program.
Lagos N50bn bond oversubscribed by N8.9bn
The Lagos State Commissioner for Finance, Mr. Rotimi Oyekan, has said that there is an over subscription of N8.9bn on the just concluded N50bn Lagos State Government fixed rate bond meant to transform Lagos into Africa's model mega city.
Exchange lists IHS, telecoms firm\'s 4.4b shares
DESPITE investors apathy fuelled by collapse of stock markets as a result of the global financial meltdown, the Nigerian Stock Exchange (NSE) yesterday listed the country\'s major telecommunications infrastructure service provider, IHS Nigeria Plc.
IHS to be listed on the NSE next week
The Nigerian Stock Exchange (NSE) lists the 4, 400,000,000 ordinary shares of Nigeriaâ€â„Ãââ‚
Jubilee Life opens N3.6 billion Placement
Primary Mortgage Institution (PMI) Jubilee-Life Savings and Loans Limited has opened its N3.6 billion Private Placement (PP) and has projected a 12 Kobo dividend payout in its 2012 Financial Year End (FYE).
Honeywell Flour Mills N18.65 bn hybrid offer closes
Honeywell Flour Mills Plc would tomorrow Wednesday January 21, 2009 close its N18.65 billion hybrid offer. The offer which was scheduled to officially close December 31, 2008 was extended for three weeks.
