Breaking News
Translate

Top 10 performing stocks

Livestock Feeds Plc led the cream of price gainers on the Nigerian Stock Exchange, NSE last week, rising by 11.16 per cent or N0.24 per share to close at N2.39 per share from N2.15 per share it closed penultimate week. About thirty three equities appreciated during the week under review, higher than twenty two equities of the penultimate week.

Read More

Dollar dividend: Seplat currently pays in naira, interim pending

The Chairman, Seplat Petroleum Development Company, Dr. Ambrose Orjiako has come out to say that shareholders who bought shares in naira or foreign currency would be paid dividend as such., except otherwise which is applicable to exchange rate of the Central Bank of Nigeria (CBN) as at the time the register of the company closes. Shareholders in this interview argue that the company is paying the current dividend in naira while the initial dividend paid in dollar is still pending.

Read More

Banks and blood money

It happened in one of the Abuja branches of one of Nigeria’stop five banks. That Saturday morning, a male staff had entered the ATM room to load money into the machine and locked himself as required by standard operational procedure. But when minutes rolled into hours, and the staff refused to emerge from the room, colleagues began to suspect something was wrong.

Read More

What should the depositors of Savannah Bank do?

The suffering of depositors of Savannah Bank is aptly reflected in the email received from one of our readers, Izuchukwu Emmanuel. “Please I was very optimistic to read your repor , when I saw the headline on your firm’s online page. Please I want to know if there is any hope that the bank will to re-open for business. My late dad had an account with the bank and my mum is suffering from financial burdens since the demise of my dad. Please keep me informed if there is any. Thanks.”

Read More

Shareholders seek appointment of steering committee to address hitches

We therefore suggest that the incoming administration should appoint a steering committee to revisit some policies taken by Central Bank of Nigeria, CBN, Securities and Exchange Commission, SEC, and Financial Regulatory Council, FRC with a view to reversing some and strengthen the market with formidable recommendations by experts drawn from stakeholders.”

Read More

Shareholders congratulate Gwarzo, call for reforms

We commend the appointment of Gwarzo as the Director General of the SEC . We believe he is experienced and qualified for the position given his records. The incoming government has to embark on major reforms, that are based on due process in the capital market. There should be discipline among the stockbrokers and the process of recapitalisation must be carried out among the stockbrokers.

Read More

Top 10 performing stocks

Beta Glass Company Plc in the Packaging /Container sub sector on the Nigerian Stock Exchange, NSE led the top ten gainers chart last week ending Friday 15thMay 2015, rising by 10 per cent to close at N33.00 per share from N30 per share penultimate week. Beta Glass Company Plc has proposed a dividend of 62 kobo per share to its shareholders for the financial year end of 2014 as the closing date for its register has been fixed for 12thJune, 2015.

Read More

Reverse policy or pay interest on cash reserve, shareholders tell CBN

Mr. Adebayo Adeleke of Independent Shareholders Association of Nigeria ISAN : When the CBN says 20 per cent and they are locking up the money, banks don’t have access to it, neither are they paying any form of interest on it. It is a double jeopardy situation for the banks because banks are paying to NDIC for insuring the same fund over everybody that has deposited. So when the owner of that money comes, the bank is meant to pay the owner interest on the whole sum, while 20 percent is held by CBN.

Read More

Transcorp gross earnings rise to N41.3 bn

Transnational Corporation of Nigeria , Trascorp Plc has recorded gross earnings of N41.3 billion for the financial year ended December 31, 2014. In his address to shareholders duriiing the 9th Annual General Meeting, AGM , Chairman of the Board of Directors , Mr. Tony O. Elumelu, highlighted the operational excellence that has guided Transcorp’s turnaround from takeover in 2010, to increased performance in the year under review indicated that gross earnings increased from N18.8 billion to N41.3 billion , a reflection of the first full year of earnings from the power business.

Read More