The Nigerian Capital Market Committee (CMC) has expressed its full support for the various policy measures of the Central Bank of Nigeria (CBN), particularly on the foreign exchange (FX) markets and recapitalization of banks, in view of the socioeconomic benefits to the country. The committee gave the commendation on the apex bank’s policies at its […]
Investment analysts at Bancorp Securities Limited, a leading investment research and advisory services providing company in Nigeria, on Monday predicted that trading sessions in the Nigerian Exchange would stabilize, with declining prices in financial services stocks offering higher dividend yields. The experts, in the firm’s ‘Weekly Stock Recommendation Apr 15 to Apr 19, 2024’ sourced […]
Researchers at Bankcorp Securities Limited, a leading investment research and consulting services providing company, have projected that trading on the Nigerian Exchange (NGX) this week will be flattish, with a predominant bearish sentiment characterizing the sessions. The experts, in the firm’s ‘Weekly Stock Recommendation: Mar 25 to Mar 29, 2024’ circulated to our correspondent on […]
Shareholders under the aegis of the New Dimension Shareholders Association of Nigeria have commended the Securities and Exchange Commission (SEC) for rejecting the company’s request for its major shareholder, PZ Cussons (Holdings), to buy out minority shareholders and delist from the Nigerian Exchange Limited (NGX). According to a corporate Notice by PZ Cussons (Holding), the […]
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 […]
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 – […]
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 […]
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 […]
Transnational Corporation Plc (Transcorp Group) has announced the listing of its subsidiary, Transcorp Power Plc, by introduction on the main board of the Nigerian Exchange (NGX). This disclosure was contained in a statement released by the Transcorp Group’s Company Secretary, Stanley Chikwendu, on Monday. According to the statement, there will be a “Facts Behind the […]
Investment researchers at Bancorp Securities Limited on Monday predicted that trading in the Nigerian Exchange (NGX) would be in ranges with minimal spread in investors’ stake in stocks amid macroeconomic uncertainties of the economy. The experts, in the firm’s s ‘Weekly Stock Recommendation for Feb 26 – Mar 1 2024’ hinged their forecast on expectations […]