There are many people out there who want to buy shares as investment but they are confused on what to buy. Though stockbrokers are supposed to advise people in this regard, many have however lost confidence in stockbrokers. From this week, we would be providing information that could help investors overcome some of these confusions.
Usually companies sell shares to investors. But a company can also buy its shares from shareholders. When it does so, the company is said to have ‘Buy Back’ its shares. Many shareholders do not understand the concept of “share buyback”. It is simply the acquisition by a company of its own shares from its shareholders.
Eleven years after former President, Olusegun Obansanjo granted licenses to 18 individuals to construct refineries in a bid to open up the country’s downstream sector of the petroleum industry to private investors, there are indications that the government will not achieve its aims, as issues bordering on financing are hindering the construction of refineries by the investors.
The management of PHCN Ikeja Electricity Distribution Company has said that the fire incidence that occurred at the Ikeja West Transmission station was as a result of some defective transmission transformers.
My stockbroker is Alliance Capital. I told him to buy shares of Niger Insurance, Dangote Sugar and Flour Mills worth N95, 000. He bought only Dangote Sugar for unknown amount. I called him but he didn’t pick my call and it’s over four years now. (Ajueshi Ochuko)
Vital Voices Global Partnership and Women in Management, Business, and Public Service (WIMBIZ) have announced that they will host the Supporting Public Advocacy for Regional Competitiveness (SPARC) Program and Forum in Lagos.
Nigeria earned about $16.609 billion (N2.641 trillion) from the export of crude oil in three months — between January and March 2013, according to data released by the Central Bank of Nigeria, CBN.
Part one of this article reviewed the legal framework of Dodd-Frank, calling attention to its transparency and disclosure provisions in the global extractive industry.
Among the top ten stocks that enjoyed investors’ patronage are Courteville Business Solution (CBS) Eterna Plc, UTC Nigeria Plc, DN Meyer, International Breweries plc, Costain, National Salt Company (NASCON), Ikeja Hotel, Livestock Feeds and IPWA Plc.
The Nigeria Electricity Regulatory Commission, NERC has commenced the N50, 000 new pre-paid meter scheme, under the Credited Advance Payment for Metering Implementation (CAPMI).
The Offshore Technology Conference, 2013 held at the Reliant Centre, Houston, Texas, United States of America, no doubt drew a wide range of participants from around the world.
President Goodluck Jonathan on Monday in Abuja challenged banks in the country to fund infrastructure development in Africa.
The House of Representatives has threatened to issue a bench warrant against chief executive officer of banks who fail to appear before it over failure to render account on tax remittances.
*Says withdrawal of polymer notes by the CBN is based on durability
BY UDEME CLEMENT
The move by the Central Bank of Nigeria (CBN) to jettison polymer naira notes less than a decade after it was introduced by the same bank has sparked controversy in the financial sector. While some experts stressed that the new [...]
The Federal Government has expressed its determination to tackle challenges of exporting traditional food produce to the European Union and United Kingdom.
Governor Babatunde Fashola of Lagos State, on Tuesday, urged Nigerians to imbibe the culture of conservation as a way of life in all sectors, especially in the energy area.
The Lagos State Commissioner for Works and Infrastructure, Dr. Kadri Obafemi Hamzat, said in spite of its immense economic potential, Nigeria is likely to be excluded from global business if it fails to develop core infrastructure that would position it to be a global economic hub.
The Managing Director of Courteville Business Solution, CBS, Plc, Mr. Adebola Akindele, has said that the stock is under priced at 50kobo, blaming the present value on under-performance by the designated market maker to the company.
May & Baker Nigeria Plc has announced its audited report and accounts for the year ended December 31, 2012, indicating that total sales rose by 17 percent to about N6 billion.
The shares of United Bank for Africa Plc and Total Nigeria Plc reacted positively to their first quarter result released during the week, just as profit taking depreciated the share value of Cadbury Nigeria plc.
The Lagos Chamber of Commerce and Industry, LCCI, has lamented the worsening state of insecurity in the country, saying it is already taking a severe toll on investors’ confidence.
The Nigeria Customs Service (NCS) said that Global Scansystems, one of the Destination Inspection agencies, has failed to deliver on its contract with the Federal Government.
One of the fall-outs of globalization is the rising status of Outsourcing. It is a business practice whereby a company contracts out an internal business process to a third-party organization. In Nigeria, though not yet as prominent as in other countries, more companies are embracing the practice in their bid to cut cost and focus operations on their core objectives.
This was indicated by the Central Bank of Nigeria (CBN) in its economic report for the first quarter of 2013. According to the report foreign exchange outflow from the economy in the first was $6.54 billion. This outflow was dominated by foreign exchange outflows for ‘invincibles’. Invincible represents money took out of the economy by foreign investors as dividend payment or liquidation of portfolio investment (bonds, equities, treasury bills).
THE Lagos State Government has concluded plans to establish an insurance welfare scheme for over 7, 000 artisans in the state. It also said that the ongoing construction of the three Enterprise zones tagged E-zones would be completed very soon to accommodate the artisans.
Reactions have started trailing the move by the Federal government to check the use of private jets in Nigeria. Reacting to the government’s policy on the declaration of manifest by private jet operators, a former member of House of Representatives, Ibn Na’allah, who owns a private jet, said the new policy is too restrictive and International Civil Aviation Organisation, ICAO, detests bureaucracy, which is detrimental to seamless air operation.
Consul- General of the United States to Nigeria, Mr. Jeffry Hawkins has disclosed plans by the United States government to establish a $250 million fertilizer plant in Edo Sta
The news of collapsed and burnt buildings have been a reoccurring issue in Nigeria, but the sad part is that nothing seem to be changing. Tomorrow, another building might collapse or burn down and Nigerians would carry on as if nothing happened.