Investment experts at Bancorp Securities Limited, a leading investment research and consulting services firm in Nigeria, have projected that trading in the Nigerian Exchange (NGX) will be upbeat this week as investors are warming up for dividend yields and other investment expectations. The experts, in the firm’s ‘Weekly Stock Recommendation: Mar 18-Mar 22 2024’ report […]
Investments/Capital Market
Nigeria’s Pension Fund Assets Hit N19.531Trn In January
The National Pension Commission (PenCom) has reported that Nigeria’s pension assets’ net value increased to N19.531 trillion as of the end of January this year, representing 6.40% growth when compared to the N18.356 trillion net assets value reported as of December 31st 2023. The January 2024 pension net asset value implied that on a year-on-year basis, […]
FG Assures Timely Completion Of Kano-Maradi Rail Project
The Federal Government on Tuesday met with a consortium of financial institutions that had expressed interest in providing funds towards the completion of the 284 +103km Kano-Maradi rail project. Receiving representatives of the Take-Out facilities Lenders for the Kano-Katsina-Jibiya-Maradi (Niger Republic) Single – Track Standard Gauge Railway project in the Ministry of Transportation in Abuja, […]
FG Targets 6,000MWTs To Improve Electricity Supply
The Federal Government has revved up its investment and policy moves to increase electricity megawatts from 4000 megawatts (MWTs) to 6,000 WHTs within the next three to six months to improve power supply. The Minister of Power, Mr Adebayo Adelabu, who made this disclosure on Monday during his meeting with the heads of power agencies […]
Analysts Forecast Sustained Bullish Momentum In Nigerian Exchange
Investment researchers at Bancorp Securities Limited, a front-line investment research and consulting services firm in Nigeria, have predicted that trading sessions in the nation’s capital market this week would remain upbeat in view of the current macroeconomic factors shaping the trend of the economy. The analysts, in the firm’s ‘Weekly Stock Recommendation Mar 11 – […]
Pension Fund Investment In Bonds Not Loan To Govt – PenCom D-G
The Director-General of the National Pension Commission (PenCom), Aisha Dahir-Umar, has defended investments made by Pension Funds Administrators (PFAs) under the Contributory Pension Scheme (CPS) as investments in Federal Government of Nigeria’s (FGN’s) securities rather than loans to government. She, therefore, refuted the milling rumour in the public space that the Commission gave N10 trillion […]
Welfarist Policies Crucial To Bridging Nigeria’s Housing Deficit – Adesina
…As 49% Of Population Lives In Slums The President of African Development Bank (AfDB), Dr. Akinwumi Adesina, has charged the Nigerian government to urgently introduce welfarist policies needed to ensure all Nigerians have access to basic and affordable housing. Adesina, who gave the charge in his lecture at the occasion where he was honoured with […]
Global Market Capitalization Records Strong Recovery In 2023 – WFE
The latest report from the World Federation of Exchanges (WFE), the global industry group for exchanges and central clearing counterparties, has indicated a strong recovery in global market capitalization in 2023. The report attributed the impressive performance of the investment market to the improvement in the fundamentals of listed companies, complemented by some new listings […]
DMO To List N350Bn Sukuk Bond On NGX, FMDQ
Following the successful issuance of its sixth Sukuk bond worth N350 billion in October 2023, the Debt Management Office (DMO) has announced the listing of the Sukuk on NGX and FMDQ Securities Exchange. According to a statement by the DMO on the debt instrument, listing the N350 billion Sukuk will enable investors who didn’t subscribe […]
SEC Nigeria Mulls New Anti-Money Laundering Rules For Digital-VSAPs
The Securities and Exchange Commission (SEC) Nigeria has hinted of the development of new guidelines aimed at enhancing the licensing, registration, and screening processes for digital and virtual asset service providers (VASPs). The commission, in a Notice to the effect stated that the measures were crucial in preventing individuals with criminal backgrounds from participating as […]