Get all the latest information on businesses and companies in Nigerian Stock Exchange.
Although this document is somewhat old and outdated, I think it will help in giving a good picture of which banks are in relatively good shape based on the report from PWC posted earlier:
In: financial advice
26 Feb 2009I got an email last week with details of Imo State’s bond subscription which will be available soon. Here are some of the details. You can also read the email and document below:
Here are the monthly reports and stock market analysis from Zenith Securities and Afrinvest.
Meristem Securities has also prepared an analysis of the banking and insurance stocks.
JP Morgan recently prepared an extensive report analyzing the top Nigerian banks. You can read the report here.
In: financial advice
9 Jul 2008A lot of people go into the stock market without understanding the basics and the responsiblities of the stock broker and the stock owner. Maduka Nweke of Business Day onlinie prepared a great article on the the basics of stock brokerage. Read here.
Meristem Securities prepared a research report on the middle-tiered banks in Nigeria. Click here to read.
Here is the summary/my take-away from the report:
- AfriBank and IBTC have the highest proportion of non-performing loans (17.6% and 14%) repectively as against the perr average of 8.9%.
- Skye Bank and FCMB have the best performing loan rates of [...]
Meristem Securites prepared a good analysis on the current state of the NSE where the stock prices have been sliding continuously. Read below:
State of the Nigerian Stock Market & Options for Investors
The state of the Nigerian stock market brings to fore the strong reign of bearish mood and the general perception of a falling market. [...]
In: Market Analysis| News| company results| financial advice
22 Jun 2008Results for Scoa Nigeria, DNMeyer, and Incar
SCOA NIGERIA PLC
UNAUDITED RESULT FOR 2ND QUARTER ENDED 30-06-2007
2007
2006
TURNOVER
N1.321b
N1.255b
EXCEPTIONAL ITEMS
N950.000m
N357.000m
PBT
N872.245m
N20.200m
TAX
N95.000m
PAT
N777.245m
N20.200m
NOTE – THE EXCEPTIONAL ITEM IN THE RESULTS IS THE DISPOSAL OF AN IDLE PROPERTY.
DNMEYER PLC
AUDITED RESULT FOR THE YEAR ENDED 31-12-2007
2007
2006
TURNOVER
N2.094b
N2.008b
PBT
N83.326m
N47.315m
TAX
(N19.548m)
N13.438m
PAT
N63.778m
N60.753m
PROPOSED DIVIDEND /SHARE 10K
CLOSURE OF REGISTER JUNE 30TH TO JULY 4TH 2008
PAYMENT DATE TO BE ADVISED LATER
DN MEYER PLC
UNAUDITED [...]
In: News| business| financial advice
2 Jun 2008The world Bank prepared a report on Doing Business in Nigeria . And I must admit, it is not too encouraging. The report considered the time required to start a new business, the cost of starting a new business, the bottle necks to starting a new business, and law enforcement. The report compared the major [...]
Below is the stock market review for the week ended, May 30th, 2008 as prepared by Lead Capital, FSDH, and Zenith Securities.
Meristem Securities’ report on First Aluminum Nigeria PLC
Executive Summary & Investment Rationale
First Aluminium Nigeria Plc is an indigenous company that deals in the manufacture of aluminium coils, sheets, circles, and tubes (laminated and seamless plastic). Incorporated in 1960 as Alcan Aluminium of Nigeria Limited, the company later changed its name to First Aluminium Company (Nigeria) [...]
In: financial advice
28 May 2008The Nigerian Stock Exchange (NSE) recently issued directives stating that "any company seeking to be listed by introduction on the NSE shall make 10% of its outstanding shares available on the day of listing for market making". This was to prevent the undue price appreciation and manipulation. They also directed that "the quantum of shares [...]
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