Archive for July, 2010

In past week, the banks have been releasing their company results. Below are the results presentations along with the accompanying press releases: Diamond Bank 6M 2010 Results Diamond Bank Q2 2010 Results Diamond Bank Press Release FCMB 6M 2010 Results FCMB 6M 2010 Press Release Zenith Bank 6M 2010 Results First Bank 6M 2010 Results […]

Courtesy of FSDH Securities, here is the NSE report for the week ended July 23rd 2010: Money and Fixed Income marketsThe money market was tight as a result of about N105bn that left the system through Federal Government Bond auction. Consequently, inter-bank rates inched up at the end of the week. Available data showed that […]

The Monetary Policy Committee of the Central Bank of Nigeria met on July 5th to  review  domestic economic conditions during the first half of 2010 and the challenges facing the Nigerian economy  against  the  backdrop  of  developments  in  the  international  economic  and financial  environments in  order  to  reassess  the  options  for  monetary  policy  for  the […]

Here are the major points from the recently released Central Bank of Nigeria’s April 2010 Economic Report.: Moderation in the major monetary aggregates in April 2010 General decline in banks’ deposits and lending rates Oil and non-oil receipts were than budgeted Inflation rate was at 12.5% at the end of April 2010 Oil receipts accounted […]

You can download the recently released CBN’s Economic Report for Q1 2010. Here is an excerpt from the summary section: Provisional  data  from  the  National  Bureau   of  Statistics  (NBS) estimated GDP growth in the first quarter of 2010 at 6.7 per cent, compared  with   8.2   per   cent  in  the   preceding   quarter.   The projected  growth  was  […]

Here is Afrinvest’s take on First Bank’s recently released half year earnings report. Earnings Update Report on First Bank Plc which highlights the latest interim results and an update on our Full Year ’10 earnings outlook on the company. Q2’10 Results: First Bank reported a 6.7% decline in gross earnings to N122.3bn (US$812.6m) from N131.1bn […]

Here is Afrinvest’s take on the UBA’s recently released Half-year 2010 results: 6M’10 Results: UBA reported a PBT of N12.2bn, indicating a growth of 370.4% from the N2.6bn recorded for the group as at end of June 2009. Total Assets grew by 7.9% to N1.6tn (US$11.1bn) from N1.5tn (US$10.3bn) reported in December 2009. Deposits grew […]

Here are the NSE reports and stats for the week ended July 16th 2010:

Apologies for the late post. Here the the weekly NSE Market Reports for the past 2 weeks as well as the Stockbrokers’ reports for these weeks.

Here is the NSE Report for the week ended June 25th, 2010:

IBTC Weekly NSE Report - June 25th 2010 (286).

FSDH - NSE Weekly Report - June 25th 2010 (366)

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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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