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Market Statistics

Moving Up22
Unchanged70
Moving Down42


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Top 7 Gainers 30 Jul 2010
Sector%Trades3Mth
REALT230.004
CONST23.0970
MEDIA4.4918
HEALTH3.9072
MORT2.8733
OTHER2.3836
AIRSERVICE1.8795
Top 7 Losers 30 Jul 2010
Sector%Trades3Mth
REAL-0.966
IND-0.9617
CHEM-0.9221
COMP-0.902
INS-0.88288
FOREIGN-0.7926
LEASING-0.7510

Top 10 Trades (By Volume) in 1,000s
Symbol28 Jul 2010Symbol29 Jul 2010Symbol30 Jul 2010
FIRSTBANK21,526AIICO164,394TOURIST100,006
ACCESS20,909TRANSCORP65,651ZENITHBANK21,386
MBENEFIT20,181TOURIST50,000STARCOMMS18,776
DIAMONDBNK19,895UBA17,938DIAMONDBNK17,586
ZENITHBANK19,094ACCESS15,960ACCESS16,338
UBA17,779DIAMONDBNK15,865LASACO9,853
FIRSTINLND16,063GUARANTY13,250FIRSTBANK9,088
TRANSCORP15,150FIRSTBANK11,866UBA9,069
GUARANTY13,649FIRSTINLND10,748UNITYBNK7,490
GOLDINSURE9,757ZENITHBANK10,695PLATINUM6,622

Top 10 Trades (By Value) in 1,000s
Symbol28 Jul 2010Symbol29 Jul 2010Symbol30 Jul 2010
UACN306,518GUINNESS313,201TOURIST476,025
FIRSTBANK301,035TOURIST227,000TOTAL327,837
ZENITHBANK263,053GUARANTY225,073ZENITHBANK300,271
GUARANTY232,249AIICO200,886MOBIL237,657
FLOURMILL226,311UBA191,021ACCESS147,478
ACCESS193,989NESTLE176,295DIAMONDBNK133,876
UBA192,822UACN163,092FIRSTBANK122,077
NB165,572FIRSTBANK161,643ASHAKACEM96,891
OANDO159,362ZENITHBANK148,275UBA95,123
DIAMONDBNK152,019ACCESS144,940GUARANTY92,581

Market News

P.Z. INDUSTRIES - Releases a Full Year Result to December 2009..
Fri 30 Jul 2010
PZ Cussons Plc has released a full year result for the period ended 31stDecember 2009 , in which the Turnover was 62.667 billion Naira and fell by 2 % when compared with 63.800 billion Naira for the previous period. However  the Profit After Tax was... Details...
NESTLE - Releases Second Quarter Result to June 2010..
Fri 30 Jul 2010
Nestle Nigeria Plc has released a second quarter result for the period ended 30th June 2010, in which the Turnover was 39.181 billion Naira and improved by 25 % when compared with 31.302 billion Naira for the previous period. Similarly the Profit... Details...
NAHCO - Releases Second Quarter Result to June 2010..
Fri 30 Jul 2010
NAHCO Plc has released a second quarter result for the period ended 30th June 2010, in which the Turnover was 3.078 billion Naira and improved by 24 % when compared with 2.915 billion Naira for the previous period. However the Profit After Tax was 67... Details...
GT ASSUR. - Releases Second Quarter Result to June 2010..
Fri 30 Jul 2010
GT Assurance InsurancePlc has released a second quarter result forthe period ended 30th June 2010, in which the Turnover was 4.774 billion Naira and improved by 7 % when compared with 4.459 billion Naira for the previous period. Simliarly the Profi... Details...
LAFARGE WAPCO - Releases Second Quarter Result to June 2010..
Fri 30 Jul 2010
Larfarge Cement Plc has released a second quarter result for the period ended 30th June 2010, in which the Turnover was 23.048 billion Naira and fell by 8 % when compared with 25.027 billion Naira for the previous period. However the Profit After Tax... Details...
VITAFOAM - Releases Second Quarter Result to June 2010..
Fri 30 Jul 2010
Vitafoam Nigeria Plc has released a second quarter result for the period ended 30th June 2010, in which the Turnover was 7.705 billion Naira and  improvedby 7 % when compared with 7.202 billion Naira for the previous period. Similarly the Profit Afte... Details...
MRS OIL - Releases Second Quarter Result to June 2010..
Fri 30 Jul 2010
MRS Oil Plc has released a second quarter result for the period ended 30th June 2010, in which the Turnover was 40.497 billion Naira and  improved by 24 % when compared with 32.722 billion Naira for theprevious period. Similarly the Profit After Tax... Details...
CUSTODIAN INSUR. - Releases Second Quarter Result to June 2010..
Fri 30 Jul 2010
Custodian and Allied Insurance Plc has released a second quarter result for the period ended 30th June 2010, in which the Turnover was 4.403 billion Naira and  improved by 53 % when compared with 2.873 billion Naira for the previous period. Similarly... Details...
AFRIBANK - SEC says Afribank Executives Manipulated 2007 Public offer..
Fri 30 Jul 2010
- Culled from Businessday NewsDrags Idudu, Otegbola, Ogbeha, Adigwe, Zakariya''u, Arogundade, Lawuyi, 64 others, firms to court The Securities and Exchange Commission (SEC) yesterday accused Afribank and its senior executives of manipulating the bank... Details...
NSE INDEX - SEC may Step into Stock Exchange Crisis..
Fri 30 Jul 2010
- Culled from Businessday News An opportunity appears to have been opened for the Arunma Otteh-led Securities and Exchange Commission (SEC) to push its agenda of full regulatory oversight following a fresh allegation of financial impropriety against... Details...
NSE INDEX - Investors Lost N1.5trn in Rescued Banks - Sanusi..
Fri 30 Jul 2010
- Culled from The Daily SunGovernor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido, Thursday gave further insight into reasons behind the apex bank''s sack of some bank chiefs in a sweeping reform that hit the industry last year.Sanusi, w... Details...
NSE INDEX - Existing Shareholders Remain Owners of Troubled Banks - Adedipe..
Fri 30 Jul 2010
- Culled from The VanguardContrary to the position of the Central Bank of Nigeria (CBN), shareholders of the eight rescued banks have not lost their investment and are still the owners of the banks, says Dr. Biodun Adedipe, Managing Partner, Biodun A... Details...
FIDSON HEALTHCARE - Announces a Third Quarter Forecast to September 2010..
Fri 30 Jul 2010
Fidson Healthcare Plc has announce a third quarter forecast of result for the period ending 30th September 2010 with a Turnover of 1.081 billion Naira and a Profit After Tax of 88.18 million Naira.  ... Details...
E-TRANZACT - Releases Full Year Result to December 2009..
Fri 30 Jul 2010
E-Tranzact  Plc has released a full result for the period ended 31st December 2009, in which the Turnover was 575.18 million Naira and fell by 0.01 % when compared with 575.89  million Naira for the previous period. Similarly the Loss After Tax was -... Details...
JULI PLC - Announces a Third Quarter Forecast to September 2010..
Fri 30 Jul 2010
Juli Plc has announce a third quarter forecast of result for the period ending 30th September 2010 with a Turnover of 24.93 million Naira and a Loss After Tax of  - 3.38 million Naira.... Details...
JULI PLC - Releases Second Quarter Result to June 2010..
Fri 30 Jul 2010
Juli Plc has released a second quarter result for the period ended 30th June 2010, in which the Turnover was 125.40 million Naira and fell by 13 % when compared with 144.65 million Naira for the previous period. Similarly the Loss After Tax was -1... Details...
OKOMU OIL - Releases Second Quarter Result to June 2010..
Fri 30 Jul 2010
Okomu Oil Plc has released a second quarter result for the period ended30th June 2010, in which the Turnover was 3.814 billion Naira and fell by 19 % when compared with 4.711 billion Naira for the previous period. However  the Profit After Tax was... Details...
LAW UNION & ROCK - Releases Second Quarter Result to June 2010..
Fri 30 Jul 2010
Law Union & Rock Insurance Plc has released a second quarter result for the period ended 30th June 2010, in which the Turnover was 2.293 billion Naira and improved by 5 % when compared with 2.174 billion Naira for the previous period. However  the... Details...
GLAXOSMITHKLINE - Releases Second Quarter Result to June 2010..
Fri 30 Jul 2010
Glaxosmithkline Plc has released a second quarter result for the period ended 30th June 2010, in which the Turnover was 8.469 billion Naira and improved by 9 % when compared with  7.746 billion Naira for the previous period. However the Profit Afte... Details...
ECOBANK TRANSNA. - Releases Second Quarter Result to June 2010..
Fri 30 Jul 2010
Ecobank Transnational Incorporated Plc has released a second quarter result for the period ended 30th June 2010, in which the Turnover was 61.254 billion Naira and improved by 2 % when compared with 59.900 billion Naira for the previous period. Howev... Details...
CAP PLC - Releases Second Quarter Result to June 2010..
Fri 30 Jul 2010
CAP Plc has released a second quarter result for the period ended 30th June 2010, in which the Turnover was 1.753 billion Naira and improved by 29 % when compared with 1.363 billion Naira for the previous period. Similarly the Profit After Tax was 33... Details...
CADBURY - Releases Second Quarter Result to June 2010..
Fri 30 Jul 2010
Cadbury Nigeria Plc has released a second quarter result for the period ended 30th June 2010, in which the Turnover was 13.796 billion Naira and improved by 16 % when compared with 11.921 billion Naira for the previous period. Similarly the Profit Af... Details...
U A C N - Releases Second Quarter Result to June 2010..
Fri 30 Jul 2010
UACN Plc has released a second quarter result for the period ended 30th June 2010, in which the Turnover was 23.707 billion Naira and fell by 17 % when compared with 28.673 billion Naira for the previous period. Similarly the Profit After Tax was 2... Details...
MRS OIL - Records N74.6b Turnover in 2009..
Thu 29 Jul 2010
- Culled from The Guardian Shareholders approve N1.25k per share dividend FOR the year ended December 31, 2009, MRS Oil Nigeria Plc has recorded a turnover of N74.6 billion as against N48.7 billion in 2008, which translates to a 53 per cent increase.... Details...
NSE INDEX - What to Consider when Picking a Stockbroker..
Thu 29 Jul 2010
- Culled from Businessday News  There is no doubt that stockbrokers come in many shapes and sizes because while some receive the independent chimp''s stock orders, others play a very active role in the investment strategy of their clients. Still othe... Details...
NSE INDEX - AMCON Propose M&A as Banks' Results Fires Investors' Confidence..
Thu 29 Jul 2010
- Culled from Businessday News As banks continue to turn in their first-half results on the Nigerian Stock Exchange (NSE), basically to apprise their existing and prospective investors of their financial conditions, asset managers suggest that the ba... Details...
NSE INDEX - Head Hunting for AMCON's Chief Executive Points to Diaspora Nigerian..
Thu 29 Jul 2010
- Culled from Businessday News Barring any last minute change of mind and possible political interference, a Diaspora Nigerian will be announced any moment from now as the chief executive officer of newly established Assets Management Company of Nige... Details...
NSE INDEX - CBN's Exit from Troubled Banks must be Transparent - Analyst..
Thu 29 Jul 2010
- Culled from The PunchThe Central Bank of Nigeria''s exit from rescued banks must be orderly and transparent for the economy to get the desired impact from the ongoing reforms in the banking sector, a financial analyst, Dr. Biodun Adedipe, has said.... Details...
ASHAKACEM. - Records N2.4bn Profit..
Thu 29 Jul 2010
- Culled from The Punch AshakaCem Nigeria Plc has recorded a profit before taxation of N2.4bn for the 2009 financial year.The Chairman of the company, Brig.Emmanuel Ikwue(retd), disclosed this during the company''s 35th Annual General Meeting in Abuj... Details...
NSE INDEX - Market Abuse: Stakeholders ask SEC to Publish List..
Thu 29 Jul 2010
- Culled from The Punch Shareholders and stockbrokers on Wednesday asked the Securities and Exchange Commission to publish the names of the entities and individuals alleged to have violated the rules guiding the operations of the capital market, as c... Details...
NSE INDEX - Equities Gain 0.10% in Bullish Trading..
Thu 29 Jul 2010
- Culled from The PunchActivities at the Nigerian Stock Exchange recorded marginal increases on Wednesday, despite the pronouncement by the Securities and Exchange Commission on market infractions on Tuesday.The SEC had on Tuesday issued a statement... Details...
NSE INDEX - NSE Cap Adds N275bn..
Thu 29 Jul 2010
- Culled from Thisday The market capitalisation of the Nigerian Stock Exchange (NSE) has appreciated by N275 billion between Tuesday last week and yesterday when the bulls took over control of the market.  The capitalisation, which measures the value... Details...
NSE INDEX - CBN, SEC to Float Single Registry for Securities..
Thu 29 Jul 2010
- Culled from ThisdayA single Registrar to manage all securities in the country would soon be established as the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) have agreed to work together in this regard. Director of S... Details...
JAPAUL MARITIME - Announces a Third Quarter Forecast to September 2010..
Wed 28 Jul 2010
Japaul Oil and Maritime Services Plc has announce a third quarter forecast of result for the period ending 30th September 2010 with a Turnover of 5.265 billion Naira and a Profit After Tax of 1.204 billion Naira.... Details...
LAW UNION & ROCK - Releases First Quarter Result to March 2010..
Wed 28 Jul 2010
Law Union & Rock Insurance Plc has released a first quarter result for the period ended 31st March 2010, in which the Turnover was 1.239 billion Naira and improvedby 7 % when compared with 1.154 billion Naira for the previous period. Similarly the Pr... Details...
LIVESTOCK FEEDS - Releases Second Quarter Result to June 2010..
Wed 28 Jul 2010
Livestock Feeds Plc has released a second quarter result for the period ended30th June 2010, in which the Turnover was 887.93 million Naira and fell by 13 % when compared with 1.021 billion Naira for the previous period. However  the Profit After Tax... Details...
FINBANK - Releases Second Quarter Result to June 2010..
Wed 28 Jul 2010
Finbank Nigeria Plc has released a second quarter result for the period ended30th June 2010, in which the Turnover was 23.377  billion Naira and fell by 30 % when compared with 33.552 billion Naira for the previous period. However  the Profit After... Details...
ECOBANK - Releases Second Quarter Result to June 2010..
Wed 28 Jul 2010
Ecobank Nigeria Plc has released a second quarter result for the period ended30th June 2010, in which the Turnover was 25.583 billion Naira and fell by 16 % when compared with 30.633 billion Naira for the previous period. Similarly the Profit After T... Details...
UNITY KAPITAL - Announces a Bonus of 1 for 19..
Wed 28 Jul 2010
Unity Kapital Assurance PLC has announced a Bonus of 1 for 19. A closure date of9th - 10th August and a payment date of was also announced.... Details...
TOTAL PLC - Releases Second Quarter Result to June 2010..
Wed 28 Jul 2010
Total Nigeria Plc has released a second quarter result for the period ended30th June 2010, in which the Turnover was 85.429 billion Naira and improved by 0.4 % when compared with 85.097 billion Naira for the previous period. Similarly the Profit Afte... Details...
- RED STAR EXPRESS - Share Price Marked down by 30 kobo..
Wed 28 Jul 2010
The Nigerian Stock Exchange today
marked down the share price of Red Star ExpressPlc for 30 kobo dividend. A payment
date of 28th August 2010 was also announced.... Details...
NSE INDEX - AMCON: The answer to credit squeeze?..
Wed 28 Jul 2010
- Culled from The Guardian Consolidated and Risk
Based Supervision adopted by the Central Bank of Nigeria (CBN) under the
leadership of Sanusi Lamido Sanusi revealed a need to migrate from fragmented
supervision to all-inclusive financial sector s... Details...
DANGOTE SUGAR - Its Shareholders Approve N12b for 2009 Dividend..
Wed 28 Jul 2010
- Culled from The Guardian Shareholders of Dangote Sugar Refinery (DSR)
plc on Tuesday approved proposal by the Board and Management of the
company to pay a dividend of N1.00 for every one ordinary share
of 50 kobo for the year ended December 31,... Details...
NSE INDEX - Market Capitalisation rises by N264 billion in Seven Trading Days..
Wed 28 Jul 2010
- Culled from The Guardian The President's assent to the Asset
Management Company (AMCON) bill last week Tuesday has impacted positively on
investors wealth, as the Nigerian stock Exchange market capitalization has
increased by N264 billion for se... Details...
NSE INDEX - CBN Unfolds 'Rescue' Options for Nine Banks..
Wed 28 Jul 2010
- Culled
from The Guardian The Central Banks of Nigeria (CBN), has
revealed that its plans to liquidate rescued banks would come with the options
of mergers and acquisitions and ‘right of first refusal'' to the shareholders of
such banks.
The... Details...
WEMA BANK - Court Okays its Chief's Sack..
Wed 28 Jul 2010
- Culled
from The Guardian The Federal High Court, Abuja Division,
yesterday gave a judicial seal to the removal of Mr. Jeremiah Adebosi Omoyeni
as the managing director of WEMA Bank Plc by the Central Bank of Nigeria (CBN),
saying that his legal... Details...
NSE INDEX - Mkt Infractions: SEC Drags 260 Operators to IST..
Wed 28 Jul 2010
- Culled from ThisdayThe Securities and Exchange Commission (SEC) is
taking 260 entities and individuals to the Investments and Securities Tribunal
(IST) for alleged violation of the Investments and Securities Act (ISA), 2007.
The entities and ind... Details...
NSE INDEX - AMCON should Accommodate MFBs, Omeh..
Wed 28 Jul 2010
- Culled from The VanguardThe National Association of Microfinance Banks (NAMB) has asked the Central Bank of Nigeria (CBN) to include its members in the operation of the newly introduced Assets Management Corporation of Nigeria (AMCON).Speaking at t... Details...
GOLDLINK INSUR. - Posts N87.16m Profit..
Wed 28 Jul 2010
- Culled from ThisdayGoldlink Insurance Plc, one of the composite
insurance groups in the country has recorded  a revenue, generation 
of  N87.16 million profit from its operations last year.  It also
raised its shareholders'' fund,  which , howe... Details...
UNION BANK - Posts N12 Profit in Q2..
Wed 28 Jul 2010
- Culled from The VanguardUnion Bank Group has declared a profit before tax of N12.1bn for the half year ended June 30, 2010. This tripled the growth on its profit when compared to N3.56bn performance in the first quarter of this year.According to th... Details...
MULTIVERSE - Half-Year: It Records 41% Profit..
Wed 28 Jul 2010
- Culled from ThisdayMultiverse Plc has recorded an increase of 
41 per cent in its profit after tax for the half year ended June 30, 
2010.According to the results made available by the Nigerian Stock Exchange,
the company, which is into extracti... Details...
NSE INDEX - Investors still Interested in Rescued Banks - Sanusi..
Wed 28 Jul 2010
- Culled from The PunchThe Governor of the Central Bank of Nigeria, Mr. Lamido Sanusi, said on Tuesday that there was still interest from potential investors in all of the banks rescued last year. According to a report by Reuters, he said, ”I can c... Details...
NSE INDEX - Fresh Funds: More Firms Embrace Rights Issue..
Wed 28 Jul 2010
- Culled from ThisdayApparently encouraged by the success recorded by
Oando Plc in its last Right Issue and positive response to the current Rights
Issue by Unity Bank Plc, more companies are soliciting the support of existing
shareholders for fre... Details...
NSE INDEX - AMCON: Market Capitalisation rises by N270bn..
Wed 28 Jul 2010
- Culled from The PunchFollowing investors‘ renewed interests in the equities sector since Monday last week, when President Goodluck Jonathan signed the Asset Management Corporation‘s Bill, the market capitalisation of the Nigerian Stock Exchange... Details...
NSE INDEX - 'Wrong People Can't Buy Banks'..
Wed 28 Jul 2010
- Culled from Thisday Central Bank of Nigeria (CBN) said yesterday in
Lagos that while it ensures that all parties are carried along in the
recapitalisation of the banks, it has a duty to ensure that wrong persons do
not buy or take over the inst... Details...
STERLING BANK - Returns to Profit with N4.2bn in Q2..
Wed 28 Jul 2010
- Culled from The PunchSmarting from a loss of N6.9bn in the half year ended June 30 2009, Sterling Bank Plc has announced a profit before tax of N4.2bn for the half year ended June 30, 2010. The profit, according to the results, obtained from the Ni... Details...
NSE INDEX - Contempt: Court Strikes out Okereke-Onyiuke's Name..
Wed 28 Jul 2010
- Culled
from ThisdayJustice James Tsoho of the Federal High Court in
Lagos yesterday struck out the names of Director-General of Nigeria Stock
Exchange (NSE), Prof Ndi Okereke-Onyiuke, and Secretary to the NSC Council,
Mrs. Josephine Igbinosun,... Details...
NSE INDEX - Indices Rise on Blue Chip Gains..
Wed 28 Jul 2010
- Culled from The PunchThe bullish run continued at the Nigerian Stock Exchange on Tuesday, as major indices closed positive.The NSE‘s All Share Index rose by 1.32 per cent or 336.37 points, from 25,527.44 points, at which it closed on Monday, to c... Details...
ACCESS BANK - Announces a Third Quarter Forecast to September 2010..
Tue 27 Jul 2010
Access Bank Plc has announce a third  quarter forecast of result for the period ending 30th September 2010 with a Turnover of 22.569 billion Naira and a Profit After Tax of 2.318 billion Naira.... Details...
UNITY KAPITAL - Releases Full Year Result to December 2009..
Tue 27 Jul 2010
Unity Kapital Assurance Plc has released a full year result for the period ended 31st December 2009, in which the Turnover was 1.345 billion Naira and improved by 110 % when compared with 639.25 million Naira for the previous period. However the Prof... Details...
STERLING BANK - Releases Second Quarter Result to June 2010..
Tue 27 Jul 2010
Sterling Bank Plc has released a second quarter result for the period ended 30th June 2010, in which the Turnover was 16.298 billion Naira and fell by 12 % when compared with 18.476 billion Naira for the previous period. However the Profit After Tax... Details...
CHAMPION BREW - Releases Full Year Result to December 2009..
Tue 27 Jul 2010
Champion Brew Plc has released a full year result for the period ended 31stDecember  2009, in which the Turnover was 1.226 billion Naira and fell by 18 % when compared with 1.495 billion Naira for the previous period. Similarly  the Loss After Tax wa... Details...
UNION BANK - Releases Second Quarter Result to June 2010..
Tue 27 Jul 2010
Union Bank Plc has released a second quarter result for the period ended 30th June 2010, in which the Turnover was 66.911 billion Naira and fell by 22 % when compared with 86.084 billion Naira for the previous period. However the Profit After Tax was... Details...
NSE INDEX - Controversy Continues over Succession at NSE..
Tue 27 Jul 2010
- Culled from Businessday NewsThe succession crisis which gripped the Nigeria Stock Exchange (NSE) has deepened by the emergence of a plot to have the current Director General Ndi Okereke-Onyiuke to remain on the council of the exchange for three yea... Details...
NSE INDEX - World Bank to Fund Nigeria Bank Consolidation..
Tue 27 Jul 2010
- Culled Businesssday NewsAgrees $300mn deal with GT Bank, First Bank •AMCON''s revised capital now N250bn The World Bank through its private sector arm is providing funds that would enable Nigerian banks to buy distressed counterparts rescued in t... Details...
NSE INDEX - Rallying Stocks Raise NSE's Capitalisation by N64 billion..
Tue 27 Jul 2010
- Culled from The Guardian Following share price gains recorded by most highly capitalised companies, equity transactions on the stock market re-opened in an upbeat as market capitalisation increased significantly by N64 billion.With 35 stocks enjoyi... Details...
NSE INDEX - AMCON, Solution to Banks' Crisis - Aig-Imoukhuede..
Tue 27 Jul 2010
- Culled from The PunchThe Managing Director, Access Bank Plc, Mr. Aigboje Aig-Imoukhuede, said in Abuja that the establishment of the Asset Management Corporation of Nigeria would help to solve problems in the banking sector.Aig-Imoukhuede told the... Details...
NSE INDEX - Banking Stocks Lift Market Indices..
Tue 27 Jul 2010
- Culled from The PunchMarket indices at the Nigerian Stock Exchange on Monday recorded increases, as trading in the banking sub-sector drove indices up.At the close of activities, a total of 366.35 million shares, valued at N3.56bn were exchanged in... Details...
NSE INDEX - We don't have succession crisis - NSE..
Tue 27 Jul 2010
- Culled from The PunchThe management of the Nigerian Stock Exchange said on Monday that there was no succession crisis at the Exchange as published by a newspaper (not The Punch), on Monday.According to a statement signed by the management of the NS... Details...
NSE INDEX - Banks Dominate as Index Rises 1.02%..
Tue 27 Jul 2010
- Culled from ThisdayThe banking sector of the stock market yesterday dominated activities on the floor of the Nigerian Stock Exchange (NSE) as investors continued to react positively to the improved half-year results  by  some of the banks and the s... Details...
SKYE SHELTER FUND - To Pay 7 Naira Dividend..
Tue 27 Jul 2010
- Culled from Thisday Skye Shelter Fund, Nigeria''s first publicly quoted Real Estate Investment Trust (REIT) has announced its intention to pay a N7 dividend to its unit holders for the year ended December 31, 2009.  This translates to a 50.3 per ce... Details...
UNION BANK - Posts N12bn Half Year Profit..
Tue 27 Jul 2010
- Culled from Thisday The Union Bank Group has declared a profit before tax of N12.1 billion for the half year ended June 30, 2010.    This tripled the growth on its profit when compared to N3.56 billion performance in the first quarter of this year.... Details...
RESORT SAVING & LOANS - Announces a Dividend of 1 kobo..
Mon 26 Jul 2010
Resort Saving & Loans Plc has announced a dividend of  1 kobo per share for the year ended 31st December 2009. A closure date of  5th August anda payment date of  1st September 2010 were also announced.... Details...
JOHN HOLT - Announces a Fourth Quarter Forecast to September 2010..
Mon 26 Jul 2010
John Holt Plc has announce a fourth  quarter forecast of result for the period ending 30th September 2010 with a Turnover of 3.200 billion Naira and a LossAfter Tax of - 25.00 million Naira.... Details...
JOHN HOLT - Announces a Third Quarter Forecast to June 2010..
Mon 26 Jul 2010
John Holt Plc has announce a third quarter forecast of result for the period ending 30th June 2010 with a Turnover of 187.00 million Naira and a Loss After Tax of  - 8.00million Naira.... Details...
UNION HOMES - Releases Second Quarter Result to June 2010..
Mon 26 Jul 2010
Union Homes Savings & Loans Plc has released a second quarter result for the period ended 30th June 2010, in which the Turnover was 4.800 billion Naira and improved by 5 % when compared with 4.573 billion Naira for the previous period. Similarly the... Details...
MAY & BAKER - Releases Second Quarter Result to June 2010..
Mon 26 Jul 2010
May & Baker Plc has released a second quarter result for the period ended 30thJune 2010, in which the Turnover was 2.122 billion Naira and improved by 2 % when compared with 2.088 billion Naira for the previous period. Similarly the Profit After T... Details...
JOHN HOLT - Releases Second Quarter Result to March 2010..
Mon 26 Jul 2010
John Holt Plc has released a second quarter result for the period ended 31stMarch 2010, in which the Turnover was 2.781 billion Naira and fell by 42 % when compared with 4.814 billion Naira for the previous period. However the Loss After Tax was - 8.... Details...
JOHN HOLT - Releases First Quarter Result to December 2009..
Mon 26 Jul 2010
John Holt Plc has released a first quarter result for the period ended 31stDecember 2009,in which the Turnover  was 3.157 billion Naira and fell by 26 % when compared with 4.278 billion Naira for the previous period. However the Loss After Tax was -... Details...
JOHN HOLT - Releases Full Year Result to September 2009..
Mon 26 Jul 2010
John Holt Plc has released a full year result for the period ended 30thSeptember 2009,in which the Turnover  was 18.453 billion Naira and fell by 12 % when compared with 20.881 billion Naira for the previous period. Similarly the Loss After Tax was -... Details...
NSE INDEX - Investors Stake N313.2b on Bonds, Shares in one Week..
Mon 26 Jul 2010
- Culled from The GuardianInvestors'' renewed interests for bonds and shares last week, prolonged the bulls'' rally for the second week running as transactions at the Over-the Counter bond market and equities sector closed at N313.2 billion.Specifica... Details...
FIRST BANK - Shelves Bond, Eyes Jo'burg Listing..
Mon 26 Jul 2010
- Culled from Businessday NewsFirst Bank plc said weekend it was unlikely to issue a 500 billion naira bond as earlier planned and announced it was in talks about a possible secondary listing in South Africa. Nigeria''s top lender by total assets, lo... Details...
NSE INDEX - Fresh Succession Crisis Hits Nigerian Stock Exchange..
Mon 26 Jul 2010
- Culled from Businessday NewsA fresh succession crisis has gripped the Nigerian Stock Exchange (NSE) after it became evident yesterday that there has been growing disaffection following the failure of Ndidi Okereke-Onyiuke, director-general, to form... Details...
OCEANIC BANK - Aboh Solicits Shareholders' Support on its Recapitalisation Plans..
Mon 26 Jul 2010
- Culled from The NationThe Group Managing Director of Oceanic Bank International plc, Mr. John Aboh, has solicited the support of shareholders in efforts to recapitalise the bank. Aboh, who spoke during the shareholders'' forum in Lagos, assured tha... Details...
NSE INDEX - How AMCON will Clean up N2.3trn Banks' Toxic Assets..
Mon 26 Jul 2010
- Culled from Daily SunWhen the leadership of Central Bank of Nigeria (CBN) and the Federal Ministry of Finance submitted an executive bill to the National Assembly for the establishment of an Asset Management Company (AMCON) to manage the phenomenal... Details...
SKYE SHELTER FUND - To Pay N7 Per Share Dividend..
Mon 26 Jul 2010
- Culled from The PunchSkye Shelter Fund, a publicly quoted Real Estate Investment Trust, has said that it will pay N7 per share dividend to its unit holders for the year ended December 31, 2009. This amount represents 80 per cent of the company''s n... Details...
ECOBANK TRANSNA. - Gets Permit to Operate in Angola..
Mon 26 Jul 2010
- Culled from The PunchEcobank Transnational Incorporated has been given approval to operate a representative office in Luanda, Angola. In a statement on Friday, the Group Chief Executive Officer, Ecobank, Mr.Arnold Ekpe, said this was a landmark ap... Details...
NSE INDEX - Stakeholders Decry Prolonged Commencement of AMCON..
Mon 26 Jul 2010
- Culled from The PunchAs the transfer of N1tn into a sinking fund for the Asset Management Corporation gets approval, stakeholders of the rescued banks have condemned the date of commencement of the corporation. The stakeholders, who spoke with our... Details...
NSE INDEX - Nigerian Banks Rally as Funding Plan Boosts Confidence..
Mon 26 Jul 2010
- Culled from The PunchNigerian banks surged for a fourth day as a pledge by companies and the Central Bank of Nigeria to provide $10bn to help fund an entity that would buy bad debts from lenders boosted sentiment. Bloomberg said, Union Bank Plc ros... Details...
NSE INDEX - Four Banks Present Scorecards to NSE..
Mon 26 Jul 2010
- Culled from The Punch Four banks, Zenith Bank Plc, Diamond Bank Plc, First Bank of Nigeria Plc and BankPHB Plc, have presented their first and second quarter results to the Nigerian Stock Exchange. According to the results presented, Zenith Bank‘... Details...
NSE INDEX - AMCON Fund: Stakeholders Advocate Proper Management..
Mon 26 Jul 2010
- Culled from The Punch Stakeholders have emphasised the need to ensure professionalism in the management of the recently approved N1tn to aid the establishment of the Asset Management Corporation of Nigeria.The Bankers Committee had on Wednesday app... Details...
NSE INDEX - Rescued Banks Lead the Bulls..
Mon 26 Jul 2010
- Culled from The Punch Investors increased interest in equities last week, as rescued banks led the bulls, after the President signed the Asset Management Corporation Bill.Volume at the equity sector witnessed an increase, as it recorded a turnover... Details...
NSE INDEX - AMCON: Experts Predict further Rally..
Mon 26 Jul 2010
- Culled from The Punch Following the signing of the bill of the Asset Management Corporation last Monday by President Goodluck Jonathan, the indices of corporate performance - the All-share Index and market capitalisation of the Nigerian Stock Excha... Details...
AFRICAN PETROL. - Its Shareholders' Suit: Dangote Challenges Contempt Order..
Mon 26 Jul 2010
- Culled from The PunchA business mogul, Alhaji Aliko Dangote, has filed an application before a Federal High Court in Lagos, asking it to stay execution on a bench warrant issued against him for failure to appear before it in contempt proceedings by... Details...
NSE INDEX - FCMB, Others Declare Results..
Mon 26 Jul 2010
- Culled from Thisday FirstCityMonument Bank Plc, Continental Reinsurance Plc and African Paints Nigeria Plc announced their half-year results last week. FCMB posted gross earnings of N29.76 billion for the half year ended June 30, 2010, down from N3... Details...
FIRST BANK - Cancels Bid for Fresh Capital..
Mon 26 Jul 2010
- Culled from Thisday First Bank has cancelled previous arraignments for fresh capital into the bank as it said last weekend it had no need to raise fresh capital and that it was unlikely to go ahead with a previously-planned bond issue.  Reuters qu... Details...
NSE INDEX - Equities Surge on Renewed Investor Confidence..
Mon 26 Jul 2010
- Culled from Thisday Nigerian equities rallied last week as the bulls held on to the control of the stock market for four days - leading to a growth of 1.7 per cent in the Nigerian Stock Exchange (NSE) All-Share Index. The index had recorded a margi... Details...
NSE INDEX - Afraid of Mkt Volatility? Go for Bonds..
Mon 26 Jul 2010
- Culled from Thisday The stock market experienced some relative stability last week after weeks of high volatility. Many investors who had hoped that the recovery witnessed in the first quarter would be sustained through the second quarter were disa... Details...
NSE INDEX - Mind Your Utterances, Stockbrokers Tell Regulators..
Mon 26 Jul 2010
- Culled from Thisday Regulators of the financial sector have  been urged to increase their enlightenment campaign on the   investment opportunities in the financial industry in particular and the Nigerian economy in general, instead of making pronou... Details...
JULIUS BERGER - Releases Second Quarter Result to June 2010..
Fri 23 Jul 2010
Julius Berger Plc has released a second quarter result for the period ended 30th June 2010, in which the Turnover was 1.213 billion Naira and improvedby 14 % when compared with 1.068 billion Naira for the previous period. However the Profit After Tax... Details...
AFRICAN PAINTS - Releases Second Quarter Result to June 2010..
Fri 23 Jul 2010
African Paints Plc has released a second quarter result for the period ended 30th June 2010, in which the Turnover was 32.014 billion Naira and improvedby 30 % when compared with 24.659 billion Naira for the previous period. However the Profit After... Details...
CONTINENTAL RE. - Releases Second Quarter Result to June 2010..
Fri 23 Jul 2010
Continental Reinsurance Plc has released a second quarter result for the period ended 30th June 2010, in which the Turnover was 4.558 billion Naira and improvedby 44 % when compared with 3.168 billion Naira for the previous period. Similarly the Prof... Details...
FCMB - Releases Second Quarter Result to June 2010..
Fri 23 Jul 2010
FCMB Plc has released a second quarter result for the period ended 30th June 2010, in which the Turnover was 29.761 billion Naira and fell by 23 % when compared with 38.523 billion Naira for the previous period. Similarly the Profit After Tax was 2.7... Details...