Capital Market articles

Equities lose N144b as investors await CBN decisions

Equities lose N144b as investors await CBN decisions

Investors scrambled to realign their portfolios and lock in profit ahead of the meeting of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN). A midweek selling spree left the equities market with a net capital depreciation of N143.9 billion last week as investors anxiously await the decisions of the MPC. The

SEC to begin capital market curriculum in schools

The Securities and Exchange Commission said it would begin capital market curriculum in primary and secondary schools in September 2018. The Director-General of SEC, Mr Mounir Gwarzo, disclosed this at the World Savings Day celebration on Tuesday in Abuja. The theme of the event is “Promoting Awareness on the Importance of Saving”. The event was

SEC boss, Gwarzo, in N104m severance package controversy

Mounir Gwarzo, director-general of the Securities and Exchange Commission (SEC), allegedly got a severance package of N104 million from the Commission shortly after he assumed office in 2015.   However, the spokesman of the Commission, Naif Habu Abdulssalam, said ‘the Commission follows laid down rules and regulations in all its activities’.   Recall that Gwarzo

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