Chairman King » Nigerian Stock Exchange

Nigerian Stocks May Rise 43% This Year, CSL Stockbrokers Says

Staff Writer — Tue, 12 Jan 2010 15:40:19 +0000

Nigeria’s benchmark stock index may rise 43% this year as bank shares gain, CSL Stockbrokers Ltd. said in today. The brokerage is “overweight” Nigerian equities and high- yielding bank deposits while it is “underweight” on government bonds and Treasury bills, it said. Nigeria’s economy may expand 6.5% this year and 7% in 2011, CSL forecast. About CSL Stockbrokers CSL [...]

VIDEO: Health of the Nigerian Market + Stanbic IBTC to Set Up Two New Fixed Income Funds in Nigeria: CNBC Africa Interview with Shuaib Audu, Head, Investment Management, Stanbic IBTC

Staff Writer — Sun, 20 Dec 2009 16:31:21 +0000

VIDEO: Overhauling Nigeria’s Financial Sector

Staff Writer — Fri, 04 Dec 2009 15:46:28 +0000

Central Bank of Nigeria (CBN) Asset Management Company (AMC): Next Big Player in Nigeria’s Banking Sector, Says Lamido Sanusi

Staff Writer — Mon, 30 Nov 2009 14:24:58 +0000

n Asset Management Company (AMC), to be floated soon by the Central Bank of Nigeria, is going to be the next big player in the regulation of the nation’s financial system. The past five months since the appointment of Lamido Sanusi as CBN governor were dominated by the apex bank’s whirlwind intervention in nine banks, which [...]

VIDEO: Eye on Lagos – Model City Finance

Staff Writer — Mon, 09 Nov 2009 13:05:44 +0000

Bloomberg is First to Provide Real-Time Nigerian Stock Exchange (NSE) Market Data

Staff Writer — Mon, 02 Nov 2009 15:38:06 +0000

The real-time market data feed from the Nigerian Stock Exchange (NSE) is now available to investors across the globe via the BLOOMBERG PROFESSIONAL® service. With this development, Bloomberg users can access real-time trade reports, order book updates, and index pricing from the Nigerian Stock Exchange. Bloomberg is the first vendor to carry Nigerian Stock Exchange data [...]

What’s Next for Nigeria’s Banks?

Staff Writer — Thu, 29 Oct 2009 16:45:40 +0000

ince the audit results of the remaining 14 Nigerian banks was announced earlier in the month, there has been much speculation about foreign take-overs of the troubled institutions, as well as mergers within the sector. Going forward, the Central Bank of Nigeria (CBN) will also have to actively manage the financial health of the banks [...]

Nigeria’s Former Vice President, Atiku Abubakar, on Central Bank of Nigeria’s Debtor List

Staff Writer — Thu, 15 Oct 2009 14:24:05 +0000

igeria’s former vice-president and opposition leader Atiku Abubakar is included in a list of major bank debtors released by the Central Bank of Nigeria (CBN). This list says Atiku Abubakar owes N111 million ($730,000; £450,000) and names 600 others who owe a total of $2.5 billion. The non-repaying of these debts is a major factor in the [...]

Oando Venture to Develop Gas Facilities in Ghana

Staff Writer — Fri, 09 Oct 2009 14:14:28 +0000

Oando Plc, Nigeria’s biggest independent energy company, Saipem SpA and Modec-Itochu of Japan will develop gas facilities in Ghana in a project estimated at $1 billion. Oando is the lead developer in the group of companies, which are in a joint venture with Ghana National Petroleum Corporation (GNPC), the state-owned oil company. “The scope of [...]

Central Bank of Nigeria (CBN) Audit Will Affect Two Banks

Staff Writer — Fri, 02 Oct 2009 10:00:03 +0000

Two Nigerian banks listed on the Nigerian Stock Exchange (NSE) will be affected by the Central Bank of Nigeria’s latest audit of lenders, said Ndi Okereke-Onyiuke, the Director-General of the Nigerian Stock Exchange. Okereke-Onyiuke, who addressed brokers on the floor of the Nigerian Stock Exchange in Lagos, the commercial capital, did not name the banks. The [...]