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In: company results|News
11 Jun 2008Research report analyzing NBC’s Q1 results.
Vetiva Capital prepared a report on the Nigerian insurance sector and here are some of the highlights: 1. Increasing focus on developing the non-oil sector, combined with growth in key sectors such as Telecoms and Building Construction have boosted non-oil sector earnings and growth. 2. A look at the growth patterns and trend of the [...]
These graphs will better explain the significant drop in the NSE index:
In: News
10 Jun 2008N680bn lost to CBN rule on margin trading The recent abolition of margin trading by the Central Bank has put the stock market in disarray as most share prices head south. The consequence is a drop in market capitalisation from N11.854 trillion by April 21, to N11.174 trillion on June 5, 2008, translating to a [...]
In: News
10 Jun 2008SEC, NSE, CBN, others review margin trading Apparently worried by the continuous drop in share prices of quoted companies on the Nigerian Stock Exchange (NSE), the Securities and Exchange Commission (SEC) has constituted a committee charged with the responsibility of working out modalities for investing with margin funds by stockbroking firms and investors. The committee, [...]
In: News
10 Jun 2008NSE freezes stock prices to halt slide By Ayo Olesin and Obinna Chima In a rare move, the Council of the Nigerian Stock Exchange on Monday imposed a freeze on the downward movement of stock prices that seemed to confirm regulators’ concerns about the consistent bearish trend in the market. The significant price losses had [...]
In: Market Analysis
10 Jun 2008If you have noticed, a lot of the companies coming to the market issue so many shares. I for one believe that it is a gimmick and tactic to raise more money. Here is a wonderful article from Proshare NG on the disadvantages: Shun Companies with Overblown Issued Capital It is now time for investors [...]
Industrial and General Insurance (IGI) has acquired stakes in the Rwandan insurance firm , Society Nouvelle d’Assurance du Rwanda (SONARWA) . Here is the story as reported by Business Day Online: Nigeria ’s Industrial And General Insurance Plc (IGI) has acquired 35 percent majority stake in Society Nouvelle d’Assurance du Rwanda (SONARWA), Rwanda ’s largest [...]
Results for Big Treat, Niger Insurance and Prestige Assurance: BIG TREAT PLC. 2007 AUDITED ACCOUNT FOR YEAR END MAR 2008 2007 2006 TURNOVER N3.0B N1.58B PBT N353.2M N154.6M TAX N107.3M N23.55M PAT N245.86M N131.0M DIV – 10K. C/DATE 07/07/08 P/DATE 18/07/08. NIGER INSURANCE PLC AUDITED FULL YEAR ACCOUNT FOR THE YEAR ENDED 31ST DECEMBER 2007 [...]
Intercontinental Bank has release results for FY ’08 . And has become the norm, declared some humongous profits. The results and the statement from the bank are below: INTERCONTINENTAL BANK PLC. 2008 AUDITED ACCOUNT. 2008 2007 TURNOVER N173.5B N87.3B PBT N45.6B N22.5B TAX N10.8B N7.0B PAT N34.7B N15.4 Intercontinental Bank Consolidates Leadership Position With Asset [...]
For those who partook of the Bank PHB offer, you can expect your share certificates in the mail anytime soon. Here is the story as published by Proshare NG: First Registrar dispatches Bank PHB 2007 IPO share certificate First Registrars Nigeria Limited, Registrars to the PlatinumHabib Bank Plc (BANK PHB) 2007 Initial Public Offer (IPO) [...]
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