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Goddy Egene Nigerian companies have raised over N800 billion bonds from the capital market in the first half of 2021 (H1) just as predicted by Norrenberger in its 2021 Economic Outlook Report. Norrenberger, a financial services group, had predicted in its 2021 economic outlook report published in December 202o that yields on fixed income instruments would remain low and thus was expected to result in many corporate borrowers to see bonds as a suitable source of capital to cover their increasing cost of operations. The Report titled “Seizing The New Reality,” was designed for local and for...

Punch Newspapers Sections Published 23 June 2021 The Nigerian Exchange Limited has imposed a total penalty of N719.7m on 14 companies listed on the stock market for late filing of their audited and interim financial statements. The NGX disclosed this under the ‘2021 default filings’ section of a report obtained by our correspondent on Tuesday. The companies that filed their financial statements after the regulatory due date include Japaul Gold and Ventures Plc, Conoil Plc, Meyer Plc, Cornerstone Insurance Plc, Afromedia Plc, FTN Cocoa Processors Nigeria Plc and Unity Bank Plc. Others are ...

Goddy Egene Equities investors have an opportunity to enter the market at good valuation as bears depressed prices further last week. The market, which had gained N148 billion the previous week, shed N603 billion last week following sell pressure that dominated all trading sessions. The Nigerian Exchange Limited (NGX) All-Share Index (ASI) fell 2.93 per cent to close at 38,324.07, while market closed lower at N19.975 trillion. Year-to-date the market has declined by 4.8 per cent. Following the growth recorded two weeks ago, analysts at Cordros Securities had envisaged profit-taking last week....

Punch Newspapers Sections Johnson Okafor Equity trading on the floor of the Nigerian Stock Exchange on Monday closed on the positive note with a gain of N46bn as the bulls regained grip on trading activities. The market performance indices, NSE ASI, appreciated by 0.21 per cent with market breathe, however, closing negative with 19 gainers against 30 losers. Consequently, the All-Share Index grew by 86.97 basis points or 0.21 per cent from 41,001.99 index points last Friday to 41,088.96 while the market capitalisation of equities appreciated by N46bn to close at N21.49tn from N21.45tn. On the...

Lagos, Jan. 6, 2021 C & I Leasing Plc on Wednesday expressed optimism that the emergence of Peace Mass Transit as the company’s majority shareholder would bring enhanced value creation for all its stakeholders. Mr Andrew Otike-Odibi, the company’s Managing Director/Chief Executive Officer, gave the assurance at a virtual meeting on the loan stock acquisition by Peace Mass Transit Ltd. Otike-Odibi said that the impact of the acquisition would be positive for all the company’s stakeholders. C&I Leasing had on Tuesday notified the Nigerian Stock Exchange and the investing public of the pu...