9 October 2017

Nigeria: Operators Should Target Fund Raising for Infrastructure Projects - Stanbic IBTC

The Chief Executive, Stanbic IBTC Stockbrokers Limited, Mrs. Titi Ogungbesan, in this interview spoke on the need for big ticket listings on the Nigerian Stock Exchange, NSE, infrastructure deficit financing, and role of market operators in attracting investors to the market, among others.

Vertical Capital Management Limited has disclosed that the foreign inflows gained traction in the month of August, 2017.

According to the Nigerian Stock Exchange Domestic and FPI Report for August 2017, total participation in the Nigerian stock market rose from ¦ 194 billion in July to ¦ 397 billion in August, the highest recorded Year to Date, ytd.

According to Vetiva Capital: "Drilling down, we note that this increase was on the back of a significant jump in foreign portfolio transactions (¦ 208 billion vs. July: ¦ 61 billion) which outweighed domestic participation (¦ 189 billion) for the first time this year. This brought ytd foreign participation to ¦ 699 billion, compared to ¦ 369 billion in the corresponding period of 2016.

Whilst this recorded increase in participation is consistent with stronger Nigerian Stock Exchange, NSE All Share Index, ASI turnover for August, we note that market activity waned in September amidst a paucity of catalysts to spur investor activity.

Nonetheless, we expect market activity - particularly from foreign participation - to be relatively strong in Q4'17 as investors react to a fresh batch of earnings announcement for nine months, 2017 and amidst potential asset reallocation from fixed income securities as yields decline in that space. '

Nigeria

I'll Be Bigger Than Wizkid, Bob Marley - Sugar Boy

It has become a trend for desperate budding music acts to court media or public attention by stirring the hornet's nest… Read more »

Copyright © 2017 Vanguard. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 900 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.