By Financescape EQUITY Sentiments remained bearish in the NSE equities market, as the benchmark index went down by 1.40% WOW to close the week at 26,925.29. The All Share Index closed the week at 26,925.29 basis points, Year to date, the index is down by -14.33%. sell pressure persisted across all […]
Category: Markets
August 2019 FGN Savings bond auction
By Financescape The Debt management office of Nigeria has released circular for the August 2019 FGN savings bond auction. Pursuant to the Debt Management Office (Establishment) Act 2003 and the Local Loans (Registered Stock and Securities) Act, CAP. L17, LFN 2004. DMO on behalf of the Federal Government of Nigeria offers for […]
Highlight of MTN Nigeria Communications plc Unaudited Financials for half year ended June 30, 2019
By Financescape MTN Nigeria Communications Plc has released its unaudited financials for the half-year ended June 30, 2019, The company recorded growth in revenue by 12.14% from N505.667bn in half-year 2018 to N566.946bn in half-year ended June 30, 2019. The management has attributed the growth in revenue was as a result of growth […]
Traders Take Profit on Nigerian Eurobonds Ahead of US FED Rate Decision
By Zedcrest Yields trended higher in the NGERIA Sovereign space as some expectations for a more than a quarter point rate cut by the US FED faded, following the fairly positive US Q2 19 GDP results (2.1% actual vs 1.8% consensus). Yields were consequently higher by c.7bps on the day, with the 47s […]
Forte oil granted three month extension of AGM date by CAC
By Financescape Forte oil plc has announced that it has received approval for an extension of time to convene it’s 40th Annual General Meeting. The company applies for an extension of time to hold AGM Pursuant to S.213(1)(b) companies and allied matters Act CAP C20 LFN through CAC. The commission has grant approval […]
The bearish trend on Nigeria Stock Exchange continues as ASI close below 28,000 bsp.
By Hamisu B. S The bearish trend on Nigeria Stock Exchange continues as the All-share index closed at 27,990.61 basis point or decrease by -0.35%, Market capitalization closed at N13,641trillion. Total of 359,112,792.00 Shares were traded in 3,099 deals valued at N1,890,616,865.29. Year-to-Date (YTD) returns currently stands at -10.94%. Top Gainers Symbols Last […]
MTN Communications Plc appoint new Directors
By Hamisu B. s. MTN Communications plc has anounce the ritirement of some of the members of the Board of directors. In a notice send to the Nigeria Stock Exchange and the investing public, MTN stated Following the expiration of their tenure and in compliance with applicable codes of Corporate Governance the under listed […]
FGN BOND AUCTION FOR JULY OVERSUBSCRIBED BY 207.6%
By Financescape The July 2019 FGN Bond Auction took place on July 24, 2019. In a press release, the Debt management office Nigeria disclosed that three (3) Instruments (5-Year,10-Year, and 30-Year Tenors) with a total value of N145 Billion were offered for subscription. According to the agency, 298 Competitive Bids were received from […]
Transaction on the Nigeria Stock Market may attract 5% VAT effective July 25, 2019
By Hamisu B. S All stock market transactions may attract VAT charges effective July 25, 2019, following the expiration of the five-year exemption. The Federal Government of Nigeria granted exemption of VAT from all NSE transactions in 2014 (effective July 25, 2014) for five years. The policy was part of Government efforts […]
FGN July 2019 bond auction
By Hamisu B. S The Debt management office of Nigeria has released circular for the July 2019 FGN bond auction. DMO on behalf of Federal Government of Nigeria offer for subscription and is authorized to receive FGN bond application for: N40,000,000,000 -12.75% FGN APR2023(5-Yr Re-opening) N50,000,000,000 –14.55% FGN APR 2029 (10-Yr Re-opening) N55,000,000,000 –14.80% FGN […]
The bearish trend on Nigeria Stock Exchange continues as ASI close below 28,000 bsp.
By Hamisu B. S The downward trend on Nigeria Stock Exchange continues as the All-share index closed at 27,864.49 basis point or -0.64%, Market capitalization closed at N13,579 trillion. Total of 175,360,515.00 Shares were traded in 2,653.00 deals valued at N2,714,277,130.27. Year-to-Date (YTD) returns currently stands at -11.35%. Top Gainers Symbols Last […]
Stanbic IBTC Bank Pays N2.5bn following court Judgement
By Financescape Stanbic IBTC Holdings Plc pays the sum of N2.5 billion to Mr Patrick Akinkuotu and Longterm Global Capital Limited. In a Press Release signed by Chidi Okezie Company Secretary, Stanbic IBTC Holdings PLC on Friday, notified stakeholders that its wholly-owned subsidiary, Stanbic IBTC Bank has paid the judgment sum of N2.5bn to […]