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ASHON set to float first private-owned Commodities Exchange

THE Association of THE Association of  Stockbroking Houses of Nigeria, ASHON, has concluded plans to float the first privately owned Commodity and Futures Exchange in the country as it commences training to prepare capital market operators for this development.Already, the first series of training for the Commodity and Futures market has been held under its Indian-based
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Profit taking to resume this week as earning season draws to close

INVESTMENT analysts have said that transactions in the equities market this week will be dominated by profit takers. This is even as some operators have said that investors would trade cautiously as the earning season has come to a close.INVESTMENT analysts have said that transactions in the equities market this week will be dominated by profit takers. This is even as some operators have said that investors would trade cautiously as the earning season has come to a close.“With apparent profit-taking on some banking names despite the release of better than expected performance from Zenith Bank Plc, we anticipate cautious trading at week open,” said analysts at Vetiva Capital Limited, a Lagos based investment house, last weekend.

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Operators, shareholders weigh impact of Lafarge Africa’s merger

THE plan by Lafarge THE plan by Lafarge  Africa Plc to merge its operation with United Cement Company of Nigeria Limited, Unicem, and Atlas Cement Company Limited will give the company more competitive edge in the cement industry.Capital market operators and shareholders of the company that spoke to Financial Vanguard said the move, which is awaiting the approval of the Securities and Exchange Commission, SEC, would create economies of scale and size for the company and position it to acquire more market shares in the industry.

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H1‘17: May & Baker records 215% profit growth

MAY & Baker Nigeria Plc MAY & Baker Nigeria Plc  has announced a profit before tax, PBT, of N139.5 million for the half year ended June 30, 2017 (H1‘17) representing 215 percent growth compared to N44.2 million in the corresponding period of 2016 (H1’16).The result released on the Nigerian Stock Exchange, NSE, last week shows that revenue increased to N4.5 billion from N3.7 billion in H1’16, a 20.6 percent growth.

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Why you should consider investing in Treasury Bills

By Adaeze Okechukwu LIKE individuals and LIKE individuals and  companies, governments occasionally borrow to fund their operations. When government wants to borrow for less than one year, it does so by issuing Treasury Bills (T-Bills).Hence, T-Bills are short-term debt instruments issued by a national government through the Central Bank to provide short term funding for the
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Stanbic IBTC Bank receives management system certification

STANBIC IBTC Bank has STANBIC IBTC Bank has  received the ISO 9001:2015 Certification, a globally recognised Quality Management System certification..  The certification, among its many benefits, will enable the bank to serve its customers at the right level of quality and ensure zero variability in the delivery of service across the various digital and non-digital touch-points, all of which enhances customers’ banking experience and relationship with the bank.

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Getting your bank to finance your next LPO/contract (Conclusion)

IN the past five weeks we had treated four things you have to put into consideration as a business owner and on which a bank will appraise you whenever you go for a short term loan to finance your LPO or contract. They include your credit worthiness; ability to execute the LPO/Contract; commitment of your money to the contract; and the ability and willingness of the issuer of the contract to pay at satisfactory conclusion of the contract.

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