In a move designed to transform the lives of the average citizen and consumer of goods, the Dangote Cement Promo has helped to put smiles on the faces of some Nigerians, who bought cement products to emerge lucky winners in the exercise.

Over time, investors in the Nigerian capital market have been complaining about the cumbersome process of taking ownership of the investments of their deceased family members. However, the  Commission said it has made some progress in attempting to resolve the issues around transmission of shares related to the estate of deceased investors, adding that the process has commenced with the Lagos State Probate Registry.

HONEYWELL Flour Mills Plc has recorded N19 billion gross earnings for its first quarter (Q1) ended June 30, 2019, representing seven percent increase compared to N17.7 billion posted in the corresponding quarter in 2018.

STERLING Bank Plc has recorded a net interest income growth of 19.1 percent to N30.4 billion for the half year ended June 30, 2019 as against N25.5 billion for the corresponding period of 2018, an indication of improvement in its lending obligation.

UNION Bank has announced the launch of the 2019 EdTech Challenge, aimed at promoting innovation in the education sector.

Over time, investors in the Nigerian capital market have been complaining about the cumbersome process of taking ownership of the investments of their deceased family members. However, the  Commission said it has made some progress in attempting to resolve the issues around transmission of shares related to the estate of deceased investors, adding that the process has commenced with the Lagos State Probate Registry.

AS part of its preparation to commence commodities trading in the country following the approval of its licence by the Securities and Exchange Commission (SEC), Lagos Commodities and Futures Exchange (LCFE) and Chartered Institute of Stockbrokers (CIS), have begun to expose stockbrokers and other securities dealers to the fundamentals of commodities trading.

ANALYSTS at Vetiva Capital Management Limited have projected 8.6 percent growth banks’ lending in 2019.

ASSET Management Corporation of Nigeria (AMCON) said that its intervention across sectors assisted to maintain economic stability and saved over 15,000 jobs.

Anks’ lending to the agricultural sector is lagging behind the seven percent target of the Central Bank of Nigeria (CBN) for the sector by 2021.

THE Securities and Exchange Commission, SEC, is set to penalize capital market operators, CMOs, that fail to file its fidelity bond to the Commission.

THE Nigerian Stock Exchange, NSE has announced the introduction of Investor Relations (IR) Data Pack, an innovative and dynamic webpage integrated with key market data, corporate news and disclosures, for corporate issuers.

FOLLOWING the   persistent  bearish run in the equities market in recent times, investors may begin bargain hunting of equities, especially with some of those companies expected to release positive first half, HI’19, earnings.

THE scarcity of funds that caused cost of funds to rise by over 1000 basis points in the interbank money market last is expected to abate this week due to inflow of N632 billion from matured treasury bills and statutory allocation to states and local governments.

Managing Director, MD, Investment Banking at the United Capital Plc, Babatunde Obaniyi, in this interview speaks on fund raising from Nigerian capital market to finance infrastructure deficits, mergers and acquisitions to meet capital requirements of corporate entities, apathy for equities, need for diversification to fixed income instruments, power sector challenges, among other issues. Excerpts: