May 20
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Oando Raises N55.2 Billion as Rights Issue is 101 Percent Subscribed
This Day
Oando Plc has succeeded in raising over N55.2 billion from the capital markets as its Rights Issue recorded 101 per cent subscription. The company had issued 4.548 billion shares... Read more »
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NSE Hails Banks Over Timely Financial Reporting
This Day
The Chief Executive Officer of the Nigerian Stock Exchange (NSE), Mr. Oscar Onyema, has commended commercial banks in the country for adhering to their financial reporting... Read more »
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NSE Partners CBI On Corporate Governance
Leadership
The Nigerian Stock Exchange (NSE) has today taken steps which will lead to the establishment of a Corporate Governance Index for listed companies in Nigeria. Investor confidence in... Read more »
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Earning Season Momentum Drives Equities Further North
This Day
Investors in the Nigerian equities market went home smiling last week as the market sustained its positive run helped by earning season momentum and massive gains recorded by... Read more »
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Why Stock Market is On the Ascendancy [column]
This Day
Like its emerging market peers on the African continent, that the Nigerian equities market is outperforming several global markets, is not in doubt. In spite of some choppy trading... Read more »
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NSE Market Capitalisation Rises by N162 Billion
Leadership
Weekly activities on the Nigerian Stock Exchange (NSE) on Friday closed on impressive note as the market capitalisation rose by N162 billion. Read more »
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Stocks Remain Stable With N1.1 Trillion Gains
Daily Trust
Trading activities on the Nigerian Stock Exchange (NSE) in the month of May so far appeared relatively strong with N1.106 trillion gains. Read more »
May 17
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Kenolkobil Has Rallied 17.29 Per Cent Over Two Sessions
The Star
The Nairobi All Share rallied 1.0866% to close at 126.52 and has closed at an all time high for the 2nd consecutive session. The Nairobi All Share has rallied 2.958% over the last... Read more »
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Kenolkobil Shares Gain From Takeover Reports
The Star
The Nairobi All Share rallied 1.872% to close at 125.16 which is a fresh 2013 and a multi-year high. The Nairobi All Share is +31.941% in 2013 and high volume push higher... Read more »
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Frontier Markets Need to Cease the Moment
Zimbabwe Independent
Global recession has led to slow growth in most developed economies. Read more »
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Stockbrokers Express Concern Over Bill
Zimbabwe Independent
Stockbrokers have expressed concern with a clause in the new Securities Amendment Bill, passed in the lower house of parliament this week, relating to the corpus of the investor... Read more »
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Consilium Investment Has Stake in FBC
Zimbabwe Independent
A United States investment management firm Consilium Investment Management has acquired a stake in local banking group FBC Holdings. Read more »
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Capital Market Creates Funds for Infrastructure Development - CSCS
Daily Trust
The Managing Director, Central Securities Clearing System (CSCS), Mr Kyari Abba-Bukar, said that the capital market had created access to funds for infrastructure development... Read more »
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Arab Federation of Exchanges Holds Annual Meeting in Tunis
Tunis Afrique Presse
The 38th annual meeting of the Arab Federation of Exchanges (AFE) was held on Thursday in Tunis to take stock of results of the previous year, discuss last innovations in the... Read more »
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NSE Moves 380.90 Million Shares As Index Improves By 0.45 Percent
Leadership
Investors on the Nigeria Stock Exchange (NSE) traded a total of 380.90 million shares worth N3.53 billion in 5,638 deals on Thursday. Read more »
May 16
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Uchumi Plans for 100 Million Shares
The Star
Uchumi Supermarket is counting on small retail investors across East Africa as it seeks to raise cash for expansion. Read more »
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Imperial SA Enters Nigerian Market
SA Info
South African logisitics company Imperial Group has gained a foothold in the Nigerian market through a US$26-million deal to acquire a 49% stake in logistics provider MDS, the... Read more »
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Nigeria to Establish Corporate Governance Index for Listed Companies
Premium Times
The Nigeria Stock Exchange (NSE) is to establish a Corporate Governance Index system for listed companies in Nigeria as a way of redressing the perceived inadequate disclosures,... Read more »
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The Status of the Subscription Broadcasting Service, Primary and Secondary Markets Licensing Processes [press release]
SA Govt
The Independent Communications Authority of South Africa hereby notifies all interested stakeholders, applicants and media that the Authority is currently finalising the analysis... Read more »
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Index Rises 0.67 Percent As NSE Mulls Corporate Governance Index
This Day
Nigerian equities sustained the bull run Wednesday, as the Nigerian Stock Exchange (NSE) All-Share Index climbed to a new high of 36,236.49. The index rose 0.67 per cent, while... Read more »
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SEC Now Survives On Prayers - Ndanusa
Daily Trust
The chairman of the board of the Securities and Exchange Commission (SEC), Dr Suleiman Ndanusa, yesterday said the commission has been surviving on prayers in the last four months... Read more »
May 15
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BOG to Sanction Companies Pricing in Dollars
Ghanaian Chronicle
Institutions and companies pricing in dollars without the approval of the Bank of Ghana (BoG) would be sanctioned by the banking and financial sector regular. Read more »
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Uchumi to Issue 100 Million Shares
Capital FM
Uchumi Supermarkets has called in investors to buy 100 million shares once rights issues and cross-listing processes are completed in November 2013. Read more »
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Banks' Rising Appetite for Eurobonds [analysis]
This Day
As part of efforts to participate actively in the financing of the power sector privatisation as well as to raise funds to drive their operations, Nigerian banks have resorted to... Read more »
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Msheila - New Stock Pricing Policy Will Engender Professionalism [interview]
This Day
The Managing Director of BGL Asset Management Ltd, a subsidiary of the BGL Group, Clara Mshelia, spoke with Ojo Maduekwe about the state of the Nigerian capital market and the... Read more »
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