Archive for the ‘News’ Category

NSE Stats for the Week Ended March 5th 2010

Stockbrokers’ Weekly NSE Reports

NSE Performance for Week Ended Feb 19th

Here are the stats for the top gainers and losers and earnings releases for the week ended Feb 12th 2010

Here are the NSE weekly reports from FSDH and Meristem. Will post the rest when I get them:

FSDH-NSE Report - Feb 5th 2010 (42).<br />
Meristem-NSE Report - Feb 5th 2010 (44).
IBTC - Weekly NSE Report - Feb 5th 2010 (32)

Here are the top gainers:

<a href=”http://www.naijalowa.com/wp-content/uploads/2010/02/nse_top_gainers.bmp”><img title=”Top Gainers” src=”http://www.naijalowa.com/wp-content/uploads/2010/02/nse_top_gainers.bmp” alt=”" /></a>

And here are the top losers:

<a href=”http://www.naijalowa.com/wp-content/uploads/2010/02/nse_top_losers.bmp”><img title=”Top Losers” src=”http://www.naijalowa.com/wp-content/uploads/2010/02/nse_top_losers.bmp” alt=”" /></a>

I wish President Jonathan Goodluck the best. It is clear that Yar’adua is not coming back.

This is quite late. But here is the weekly NSE Reports from <a href=”http://www.fsdhgroup.com”>FSDH Securities</a>, <a href=”http://www.ibtcassetmanagement.com/research.html”>IBTC Asset Management</a>, and <a href=”http://www.meristemng.com”>Meristem Securities</a>:
Meristem Securities - Weekly NSE Report - Jan 29th (44).<br>
Standbic IBTC - Weekly NSE Report - Jan 29th (47).<br>
FSDH - Weekly NSE Report - Jan 29th (62)

The Central Bank of Nigeria released new guidelines for the tenures of bank CEOs. Here are the new guidelines:

1. Chief Executive Officers, CEO of banks shall serve a maximum tenure of ten years.
2. All CEOs who would have served for ten years by July 31, 2010 shall cease to function in that capacity and shall hand over to their successors.
3. Where a bank is a product of merger, acquisition, take-over or any other form of combination, the ten–year period shall include the pre and post combination service years of a CEO provided that the bank in which he previously served as CEO was part of the new bank that emerged after the combination.
4. Any person who has served as CEO for the maximum tenure in a bank shall not qualify for appointment in his former bank or subsidiaries in any capacity until after a period of three years after the expiration of his tenure as CEO.
5. The Governor/Deputy Governors of the CBN and the Managing Director/CEO and Executive Directors of the Nigeria Deposit Insurance Corporation, NDIC shall not be eligible for appointment in any capacity in banks until after the expiration of five years from the date of their exit from the CBN or NDIC as the case may be.
6. The Departmental Directors of the CBN and the NDIC shall not be eligible for appointment in any capacity in banks and their subsidiaries under the supervision of the CBN and NDIC until after the expiration of three years from the date of their exit from the CBN or NDIC as the case may be.
7. Henceforth, all banks shall reflect the provisions of these guidelines in the terms of engagement of their CEOs.

You can download the CBN release <a href=”http://www.cenbank.org/Out/2010/publications/pressRelease/GOV/Tenure_Guideline19012010.pdf”>here</a>.

Here is a statistics of the top and worst stock performers in the NSE as at January 15th 2010:

Weekly NSE Report For The Week Ended Jan 15th 2010

Charts For The Stock Performance For Week Ended January 8th 2010


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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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