By Daniel Anomietei/mediacraft As another school year beckons, Stanbic IBTC Bank PLC, a member of Stanbic IBTC Holdings PLC, has introduced a suite of educational payment products that will ease the burden of school fees which parents and guardians have to bear. Stanbic IBTC Bank PLC, being a Nigerian bank, specifically developed the […]
By Financescape The Nigerian Stock Exchange will be lunching a mobile application, According to information on its website Nigerian Stock Exchange (The NSE or The Exchange) is set to launch X-Mobile, a dynamic and user-friendly mobile app, to enhance investors’ participation in the Nigerian capital market. The NSE mobile app which is currently […]
By Hamisu B. S. MTN Nigeria Communications Plc (MTN) has confirmed that over the last days their facilities, customers and some of their stakeholders have been the subject of attacks in retaliation for the ongoing xenophobia situation in South Africa. The company confirmed reports of attacks in Lagos, Ibadan, and Uyo. MTN Nigeria […]
By Financescape The Nigerian Stock Exchange announced the reclassification of Oando Plc from Medium-Priced Stock to Low-Priced Stock. The reclassification is effective on September 5, 2019. In the statement the Exchange said the reclassification is in compliance to Rule 15.29: Pricing Methodology, Rulebook of The Exchange, 2015 (Dealing Members’ Rules). […]
By Financescape The Company received a notification on 3 September 2019 of a transfer of 904,717 ordinary shares held directly by Austin Avuru, the CEO of the Company, to Professional Support Limited, an entity wholly controlled by Mr. Avuru. The above transaction has not resulted in a change in beneficial ownership, which […]
By Hamisu B. S. C &I Leasing Plc a company listed on the Nigeria Stock Exchange to raise 3.23 billion additional capital through a rights issue. In a notice released by the Nigeria Stock Exchange, C&I Leasing Plc has through its Stockbroker, CSL Stockbrokers Limited submitted an application to The Nigerian Stock Exchange […]
By Hamisu B.S. The Central bank of Nigeria has observed the frequent requests from Development Finance Institutions (DFls) for special regulatory approvals to operate special purpose vehicles (SPVs) in furtherance of operational objectives. And the need for the DFls to be transparent in their financial reporting and remain focused on their core […]
By Financescape The National Bureau of Statistics (NBS), has released the Nigerian Gross Domestic Product Report for Q2 2019. The report indicates Nigeria’s Gross Domestic Product (GDP) grew by 1.94%(year-on-year) in real terms in the second quarter of 2019. Compared to the second quarter of 2018, which recorded a growth of 1.50%. however, […]
By Financescape The Boards of Directors of UAC of Nigeria Plc (“UAC”) and UACN Property Development Company Plc (“UPDC” or the “Company”) (collectively the “Boards”, individually the “Board”) informed The Nigerian Stock Exchange, their shareholders, and stakeholders that they are considering strategic initiatives involving a recapitalization and restructuring of UPDC. These initiatives are […]
By Financescape At the 2nd Capital Market Committee Meeting of the year, which took place on Thursday, August 22, 2019, the Report of the FinTech Roadmap Committee of the Nigerian Capital Market was presented to and accepted by the Capital Market community. The Report highlights the current application of FinTech in the market, […]
By Zedcrest ***Nigeria Fears Fiscal Crisis as Debts Take Big Pie of Revenues*** KEY INDICATORS Bonds The FGN Bond market traded on relatively quiet note, but yields moderated further by c.2bps, owing to slight demand interests still on some short and mid tenured bonds. We expect yields to remain relatively stable […]
By Financescape Zenith Bank has changed the payment date for the 30 kobos interim dividend from the proposed date of September 2, 2019, to September 4, 2019. In a statement sent to the Nigeria Stock Exchange, the bank stated that the postponement was necessitated by the need to ensure that all transactions executed […]
