Capital Market articles

Oando in Bullish Trend, Posts N3.5b Profit

Oando in Bullish Trend, Posts N3.5b Profit

Oando Plc,  Nigeria’s largest indigenous energy group, recorded N3.5billion Profit After Tax (PAT) in its full year operation, ended 31 december, 2016. This was achived despite thecountry’s economic recession, continued volatility in global oil prices, reduced oil exports, suspension of projects and cuts to capital spending. The company successfully manoeuvred the cyclical nature of the

NSE Delists 85 Companies In 14 Years

In protecting investors from investing in non-performing or moribund companies, the Nigerian Stock Exchange (NSE) has so far delisted 85 companies from its daily official list between 2002 to date. Delisting involves removal of listed securities of a company from a stock exchange where it is traded on a permanent basis. As listed on the

11 NSE-listed Companies To Pay N338bn Dividends

As companies continue to declare their audited result for the financial year ended December 2016 on the Nigerian Stock Exchange (NSE), 11 companies have declared dividend of N338.13 billion. Dividend is a distribution of a portion of a company’s earnings decided by the board of directors to a class of its shareholders. Returns on investments

How to invest in Treasury Bills

Investors looking for passive investment in the country can sit back and make their money work for them by investing in Treasury Bills. Treasury Bills(TBs) are a type of government securities issued on behalf of the Federal Government by the Central Bank of Nigeria(CBN) to control money supply in the economy. But unlike other government

How to invest in treasury bills with low funds

Author of ‘How to invest in treasury bills’ and personal finance coach, Mr. Usiere Uko, writes about how to invest in treasury bills under the new Central Bank of Nigeria minimum requirement of N50m The minimum investment in Nigerian treasury bills has been increased from N10,000 to N50m with effect from March 6, 2017. I

Fed Govt unveils strategic plan on bond market

To increase its financial base, the Federal Government has unveiled a strategic plan to float a Savings Bond. Debt Management Office (DMO) Director-General Dr. Abraham Nwankwo broke the news at a media briefing in Abuja yesterday. The move, he said, is to encourage the public, especially low income earners to save, invest and earn commensurate returns

Stock Market Heads South As Optimism Wanes

Trading at the stock market resumed on negative note, yesterday following sell off of highly capitalised stocks by investors. In summary, lead indicator, the All-Share Index (ASI) shed 111.04 absolute points, representing a growth of 0.42 per cent to close at 26,217.18 points. Similarly, the market capitalization depreciated by N38 billion to close at N9.021

Medview Airline To List N15bn Shares On Stock Exchange Tuesday

Nigeria’s fastest growing airline, Medview Airlines Plc., would, tomorrow, list its entire issued share capital on the Nigerian Stock Exchange (NSE). Medview Airline will be listing 9.75 billion ordinary shares of 50 kobo each at N1.50 per share, indicating a start-off market capitalisation of N14.63 billion. The Quotation Committee, which oversees listing at the Exchange,