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House of Representatives Throws out Bail Plan
- By Kayode Ogunwale
- Published March 17th, 2009
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Despite the financial crisis that is rocking the nation’s capital market, the house of representative last week threw out a motion calling on the federal government to intervene in the capital market.
How Will the Market Fare in 2010?
- By Kayode Ogunwale
- Published January 18th, 2010
- StockWorld
- Unrated
VIEWED from whatever perspective, the year 2009 could best be described
as a transitional one for the exchange with investors still cautiously
trading - thanks to the impact of the global financial melt-down on the
market that has brought down the value of the market. Today most of the
stocks listed on the exchange can be described as “penny stocks” as
most of them are trading far below their intrinsic value.
Strangely, despite their sinking values, the companies have been declaring huge and appetising bonuses and dividends. This is what separates the Nigerian Stock Exchange from other markets. The fundamentals still are very strong.
Strangely, despite their sinking values, the companies have been declaring huge and appetising bonuses and dividends. This is what separates the Nigerian Stock Exchange from other markets. The fundamentals still are very strong.
NSE to Showcase Capital Market to Foreign Investors
- By Kayode Ogunwale
- Published January 18th, 2010
- StockWorld
- Unrated
IN further appreciation of the efforts by the Nigerian Stock Exchange
(NSE) to create products that will take the capital market to the
global audience, the NSE has been approached by Bloomberg to co-brand
all the newly-created indices, NSE-30 and the 4 sector indices.
First Bank Remain Most Capitalised Stock
- By Bukola Idowu
- Published January 18th, 2010
- StockWorld
- Unrated
FIRST Bank of Nigeria Plc recorded an increase in market capitalisation
of 0.4 per cent from N406.1 billion to N407.54 billion to retain the
status of the most capitalized listed equity.
2010: Is Recovery Imminent?
- By John Uwe
- Published January 5th, 2010
- StockWorld
- Unrated
FOR the Nigerian capital market, the year 2009 is one that would be
remembered for a long time to come and the lessons learnt indelible.
The year started out on a sour note as the full impact of the global
financial crisis hit the Nigerian economy. The initial argument made in
2008 that the Nigerian economy was largely insulated from the global
economic crisis was proved wrong.
Sec to Commence Recapitalisation of Operators
- By Bukola Idowu
- Published January 5th, 2010
- StockWorld
- Unrated
THE Securities and Exchange Commission(Sec) has said that it is making
plans to reintroduce the recapitalization exercise for capital market
operators, but would rather commence it this year.
GTB Completes First Tranche Five-Year Bond Issue
- By John Uwe
- Published January 5th, 2010
- StockWorld
- Unrated
GUARANTY Trust Bank Plc has announced the completion of its first
tranche of the five-year bond issue of N13.165 billion Fixed Rate
Senior Unsecured Bonds due 2014.
Geo-Fluids Plans N2bn Hybrid Offering
- By Kayode Ogunwale
- Published January 5th, 2010
- StockWorld
- Unrated
TO reposition itself for the challenges in the oil servicing industry
in 2010, Geo-Fluids Nigeria Plc has concluded plans to boosts its
working capital by N2 billion through the issuance of bond, equities
and rights issue from shareholders.

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