Archive for October, 2008

Picture The Steep Drop

In: News

31 Oct 2008

This image will better help you to picture the drastic drop in the NSE:

Here are the company results that were released this week:

Afrinvest has prepared a well written report on the reinstated 5% circuit breaker. Here is an excerpt: Going Forward: What are the Opportunities?Overall, Afrinvest Research expects  that a return to +5%/-5% will lead to a significant sell-off in Nigerian equities, and a sharp decline in market valuations. However, we expect that the return to previous […]

Today, the NSE reversed the maximum decline policy that went into effect August-ending. The maximum price decline was reduced from 5% to 1% on August 27th. But the policy has been reversed to again.  This policy had helped to stem the downward spiral of the stock market. Even with that, there has been little gains […]

Here are the reports by ZSL and FSDH on Nigeria Bottling Company’s recent quarterly results:

Courtesy of Meristem Securities, here is the weekly report for the week ended Friday, October 24th 2008:

Here are the stockbroker reports from Zenith Securities, FSDH and Forte Asset:

Here are the main news stories for this week. Since some are very long, I decided to use highlight and bullet the main points to make for easier reading: Monday, October 20th: Foreign Banks Grant Intercontinental Bank $2 Billion Confirming LineSource – AllAfrica Posted to the web on Oct 20, 2008 More leading global financial […]

You can read the following reports:

Here are the weekly stock market reports from CSL Securities, Zenith Securities, FSDH, Investor Delight, and Forte Assets:

Courtesy of Meristem Securities, here is the brief summary of the activities on the Nigerian Stock Exchange for the week ended Friday October 17th:

As expected,the dip in share prices is blamed for Union Bank’s suspension of its offer:


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This blog is dedicated to informing users on the latest business and economic news news from the CBN and Nigerian Stock Exchange. Happy reading!

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