Archive for July, 2009

NSE Report For Week Ended July 24th 2009

Here are the NSE Results, Forecasts, and Dividends that have been released so far in the month of July:    Period PAT (N’m)-Curr. PAT (N’m)-Prev. Change SCOA NIGERIA PLC  Q1+Q2 2008 406 777 (47.75) SOVEREIGN TRUST INSURANCE PLC FY 2008 360.795 357.789 0.84 ASSOCIATED BUS COMPANY PLC FY 2008 167.12 141.25 18.32 Q1 2009 53.72 […]

Earlier this week, The Financial Times had a special report on the Nigerian Economy. There were special reports on the power sector, developments in Lagos and how it has become one of the most expensive cities in Africa, the Niger Delta issue, CBN and its new governor, poverty in the North, oil and gas, and logging.

Economic Stats

As one would expect, the article was not too uplifting. But I think they did a good job highlighting the different challenges facing the country. You can read the different articles here:

Since the report is very large. I will break it down to make downloading easier.

FSDH Weekly Reports For July 10th and 17th

NSE Report For Week Ended July 17th

NSE Report For Week Ended July 10th 2009

The Central Bank recently held the regular Monetary Policy Committee meeting and the first chaired by the new Governor, Lamido Sanusi. Two of the key outcomes of the meeting were the lifting of restrictions on FOREX trading and the cutting of the key interest rate by 200 basis points (from 8% to 6%) in order to boost credit growth. The other key points from the meeting are:

Here is FSDH’s Weekly NSE Report for the week ended July 3rd 2009.
FSDH - Weekly Report - July 3rd 2009 (398)

You can also read their analysis of Nigerian Bottling Company below.
FSDH - Company Report - NBC - Q1 2009 (1596)

HSBC Recently initiated coverage of 5 Nigerian banks namely, Access Bank, First Bank, Guarantee Trust, UBA and Zenith Banks. While there are issues, there is still reason to be optimistic. The summary is below: – Global financial crisis has hit these banks hard; no toxic asset exposure, but beset by internal disclosure and lending issues […]

NSE Report For Week Ended July 3rd 2009


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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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  • Edomwandagbon Obude Richard: nice publication. please keep me posted on future economic news [...]
  • Ejir Emurotu: pls i'd like to know what the current rates on lendind deposits and fixed accounts are,better if the [...]
  • Salami Monsurat Foluke: I need data on tax revenue for my research work. This can be from 1960 to 2011. I would like to hav [...]
  • OGALA MONDAY: kindly assist me with CBN. annual report and statement of account for the year 2009/ 2010 . for my [...]
  • Japhet Aniefiok: I wish to know also the reason behind interest rate fluctuation [...]