Category: Capital Market

……lasts till July 8, 2016 The Securities and Exchange Commission (SEC) has urged the investing public especially clients of Alliance Capital Management Company Limited (ACMCL) that the Commission has in its custody 1,662 share certificates recovered from the company. As a result, clients of ACMCL are enjoined to visit the Commission’s website for their names after which they…

The Securities and Exchange Commission (SEC) is ready to host the First Quarter 2016 Capital Market Committee (CMC) meeting scheduled to hold in Lagos next Wednesday (April 13, 2016). According to a statement from SEC, the meeting is scheduled to hold at the Federal Palace Hotel, Lagos and top on the agenda would be recent initiatives of the Commission as…

The Nigerian Stock Exchange (NSE) equity transactions closed for the week on Friday on a downward slide with the market capitalisation close at N8.712 trillion from the opening N8.726 trillion, dropping N14 billion. This represents a 0.16 per cent depreciation, following price loses by some highly capitalised stocks as the All-Share Index lost 41.45 points…

Lafarge Africa Plc, a leading cement and building solutions provider, has now reported its 12 months 2015 results, with revenue up 2% against last year’s reaching N267 billion, in a challenging transitional market. South West operations grew by 8% behind a number of initiatives such as the Key Distribution Scheme, a strong route to market…

The lull in the oil industry and real estate sector of the nation’s economy has impacted negatively on the operations of Skye Bank Plc. Consequently, the bank is expected to report a decline in profit for the financial year ended December 31, 2015. In a profit warning notification to the capital market community, the management of Skye…

The Board of Directors and management of Unilever Nigeria Plc has released its results for the year ended 31st December 2015 with turnover and Profit after Tax o(PAT)f N59.2 billion and N1.19billion respectively. According to the statement the company recorded a considerable leap in PAT from its N141million in Q3 2015 to close on the…