Equity market |

Nigeria Capital Market: Week Ended 10th April, 2015

Investors to Re-price Financial Assets… as 2015 Polls Close Out After the historic Presidential and National Assembly elections conducted a fortnight ago, Nigerians are gearing up for the Gubernatorial and State parliamentary elections scheduled to hold tomorrow, 11th April 2015. The Gubernatorial elections will be held in 29 states while the Parliamentary elections will hold in all the 36 states. In contrast to the public apprehension that preceded the March 28th elections, the generally peaceful…

Nigerian Equity: Week Ending 27th March 2015

Posted on by The Editorial Team

The week ending 27th March 2015, heavy transactions in the shares of some banks and insurance companies, especially United Bank for Africa (UBA), Mansard Insurance, lifted the volume of shares traded, as a turnover of 2.509 billion shares worth NGN24.115 billion were exchanged in 19,971 deals by investors on the floor of the Nigerian Stock Exchange. In comparison to previous week, a total of 1.382 billion shares valued at NGN12.053 billion changed hands in 16,877…

Kenya’s Housing Finance raises 2.95 bln shilling in rights issue

Posted on by The Editorial Team

NAIROBI (Reuters) – Kenyan mortgage firm Housing Finance said on Wednesday it raised 2.95 billion shillings ($32 million) in a rights issue to help the company increase its lending base. The lender initially planned to raise 3.5 billion shillings, but said in a statement that 84 percent of its shareholders had taken up their rights in an oversubscribed issue that received 9.01 billion shillings in bids. Housing Finance says it opted for a cash call…

Nigeria: NSE Plans Initiatives to Maintain Africa’s Investment Destination

Posted on by The Editorial Team

The Nigerian Stock Exchange, NSE, has expressed it readiness to introduce initiatives that will help position it as attractive listing and investment destination in Africa. This, according to the NSE Chief Executive, Mr. Oscar Onyema, is in keeping with its unwavering commitment to solidify its leadership position as Africa’s foremost securities exchange. Addressing journalists in a press conference, Onyema said the Exchange will focus on delivering several initiatives in support of its revised strategy within…

« 1 … 28 29 30