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The Nigerian Stock Exchange board recently released the 2009 Performance Report and 2010 Outlook. The picture below provides a quick summary of the 2009 performance compared to 2008:
In: CBN
12 Jan 2010Early last week, CBN released statements on the Disengagement of workers from banks and CBN’s stand, Appointment of directors to 3 of the banks, Guarantee of interbank lending and foreign credits, and Rules for banks on disclosing bank rates.
Here are the main points from the different releases:
1. Banks are henceforth required to submit on weekly basis to the CBN their average deposit and lending rates in line.
2. The Central Bank of Nigeria has never directed commercial banks to sack staff or rationalize branches as reported. Banks are private enterprises and the decision to engage or disengage staff is best left to the management and boards of the institution. These decisions are taken on the basis of business imperatives.
3. The Central Bank remains committed to
guaranteeing all foreign credit lines and interbank exposures up to
December 31, 2010.
You can download them below.
CBN Press Release - Appointment of Directors For Banks (123)</br>
CBN Press Release - Guarantee of Lending (114)</br>
CBN Press Release On Bank's Disengagement of Workers (107)</br>
CBN Rules On Bank Rates (112)
Here is Vetiva’s analysis of 7-Up Bottling Company’s Q2 2009 results:
Stockbroker’s Weekly NSE Report For Week Ended Jan 8th, 2010
Charts For The Stock Performance For Week Ended January 8th 2010
NSE Report For The Week Ended January 8th 2010
In: Market Analysis|News
4 Jan 2010Courtesy of FSDH and TRW Brokers, here are the stats for stock performance for 2009. It wasnt a pretty picture.
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