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Funding gaps: 15 manufacturing companies borrow N418bn from banks

AT the backdrop of funding exigencies and inability to raise longer term and cheaper capital from the capital market, top 15 companies in the manufacturing sector, listed on the Nigerian Stock Exchange, NSE, were compelled in 2016, to seek expensive and short term bank loans to bridge funding gaps. Thus, they spent N127 billion servicing about N418 billion loan they borrowed.

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2018 will usher in public offers in capital market – Lead Capital boss

First of all, on the back of the fact that macro-economic indicators are looking good, it is obvious indication recession is gradually ebbing; we are obviously coming out of recession. The fact that inflation is falling, the fact that Purchasing Managers Index, PMI, has been above 50 per cent, the fact that foreign exchange liquidity is better now, we are expecting to see an improvement in companies result in Q2, which will cause a further rally in the market.

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