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Our Blog

    July 12, 2018

    M&A Transactions in Africa Falls in 1st Half 2018

    Total deal volumes and values of Merger & Acquisition (M&A) transactions in Africa fell sharply in the first half of 2018, declining 44% in deal volume and 57% in aggregate value, compared to the first half of 2017. This is according to analysis by Baker McKenzie of Thomson Reuters  M &A data for Africa. The

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    July 12, 2018

    African Trade Insurance Plans $2.5m Dividend Payment to Shareholders

    In a much anticipated announcement, the African Trade Insurance Agency (ATI) declared that its General Assembly had approved the first ever payments to shareholders. The announcement comes on the heels of ATI’s Annual General Meeting held in Abidjan, where the company also announced its record-breaking 2017 financial results for the sixth consecutive year. ATI has

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    nse
    July 12, 2018

    Selloffs in Banking Stocks Extend Bearish Run to Third Consecutive Day

    Yesterday, sell-offs in Banking stocks – ZENITH (-1.6%), GUARANTY (-0.9%),ACCESS (-3.4%) and UBA (-2.0%) – extended the bearish performance in the market to the third consecutive trading session as the All Share Index (ASI) fell 7bps to 37,226.44 points while YTD loss worsened to 2.7%. Consequently, investors lost N9.7bn as market capitalisation remained at N13.5tn. However, activity level was mixed as volume traded decreased

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    Yahsat
    July 10, 2018

    Yahsat Targets West Africa Expansion for Growth

    Yahsat, the UAE-based global satellite operator, will participate in West Africa Com on the 10th and 11th July 2018 as Gold Sponsors. The event, which unites critical players in the telco value chain, will see Yahsat showcase its flagship Broadband service – YahClick – to partners and customers in the region. Yahsat’s participation at the

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    ZETA-WEB Nigeria Appoints Chris Obasi as New MD
    July 8, 2018

    ZETA-WEB Nigeria Appoints Chris Obasi as New MD

    Zeta-Web Nigeria Limited, one of the leading ICT companies in Nigeria, is pleased to announce the appointment of Mr. Chris Obasi as the new Managing Director with effect from 1 July 2018. Chris Obasi brings with him 20 years of industry leadership experience and knowledge of provisioning ICT services and solutions. Prior to his appointment

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    July 5, 2018

    uTracka Raises Alarm over N100bn Constituency Projects in 2018 Budget

    Tracka, a transparency platform which allows citizens to collaborate, track and give feedback on public projects in their communities, has noticed some irregularities in the 2018 approved budget, especially the N100 billion zonal intervention projects nominated by members of the National Assembly. Considering the challenge of service delivery in the country, Tracka ensures that budgeted

    • By : Business Journal
    • News
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    Nigerian economy
    July 5, 2018

    The Nigeria Mid-Year Outlook Report

    By Cordros Capital We are pleased to share with you, the Nigeria Mid-year Outlook Report — with the theme “Stable Macros, Political Concerns, Cautious Markets”. In the report, we analyse the Nigerian economy in detail, discussing the salient events that happened in H1-2018, but dwelling more on expectations for the second half of the year.  Following

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    July 5, 2018

    Nigeria Records $22bn Remittance in 2017, Highest in Africa

    Meet the largest gathering of money transfer providers on the Africa continent at the 7th RemittanceAfrica Expo that will take place across 23 and 24 of October at the Lagos Oriental hotel with the compelling headline theme ‘Unlocking Opportunities in Money Transfer and Payment systems in Africa’.  The conference will host leading thought leaders in the

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    PwC
    July 5, 2018

    Nigeria’s Hotel Sector to Witness Highest Growth Rate in 5 Years – PwC

    Africa’s hotel sector has the potential for further growth over the next five years. An increase in the number of foreign and domestic travellers, as well as an expansion in a number of hotel chains on the continent reinforces the hotel sector’s untapped potential for business growth. These are some of the highlights from a

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    Nigerian stock exchange
    July 5, 2018

    NSE Partners Kinabuti Fashion Initiative to Promote Financial Literacy

    As part of its contribution towards building a financially savvy generation, The Nigerian Stock Exchange (NSE) is partnering with Kinabuti, to empower young people with entrepreneurial skills and financial literacy leveraging its Dare To Dream initiative across university campuses in Nigeria. The partnership will see NSE engage with about 25,000 undergraduates expected to be reached during

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    July 5, 2018

    Equities Market Records 1st Positive Performance in H2:2018… NSE ASI up 0.7%

    The domestic bourse halted a three consecutive day bearish run yesterday as renewed buy interest in market bellwethers buoyed the NSE All Share Index (ASI) 0.7% to 37,743.22 points while YTD loss moderated to 1.3%. Gains in DANGCEM (+2.2%), NIGERIAN BREWERIES (+1.8%) and DANGSUGAR (+3.5%) pushed the benchmark index higher for the first time in H2:2018. Accordingly, investors gained N88.4bn as market capitalisation

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    July 3, 2018

    ‘Mystery Projects in 2018 Budget Will Derail Economic Growth Plan’

    BudgIT decries the masking and insertion of several opaque items with little or no bearing on the economy by the National Assembly. A recent analysis by BudgIT shows that approximately 6, 529 new projects valued at N579.08bn was inserted into the 2018 budget by the National Assembly. Out of the 6529 new projects entered into

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    nse
    July 3, 2018

    Sustained Sell-Offs Drag Benchmark Index… NSE ASI down 0.9%

    The bearish performance of the local bourse was extended into the second consecutive session as sell pressures in bellwethers – NESTLE (-4.1%), DANGCEM (-0.6%), and ZENITH (-2.4%) dragged the benchmark index 0.9% lower to 37,606.23 points while YTD return fell to -1.7%. Accordingly, investors lost N123.8bn in value as market capitalisation decreased to N13.6tn. However, activity level strengthened as volume

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    KSrelief
    July 3, 2018

    KSrelief Launches Comprehensive Project to Deliver ‘Life Without Landmines’ for Yemenis

    The King Salman Humanitarian Aid and Relief Centre (KSrelief) this week launched the Saudi Project for Landmine Clearance (MASAM), a program committed to making Yemen landmine-free in order to protect civilians and to safeguard the delivery of urgent humanitarian supplies. More than 600,000 mines are planted in the liberated areas by militias,130,000  internationally-banned sea mines,

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    Registration Opens for 2018 ASEA Annual Conference
    July 3, 2018

    Registration Opens for 2018 ASEA Annual Conference

    The Nigerian Stock Exchange (NSE) announced yesterday that registration has now opened for the 22nd Annual African Securities Exchange Association (ASEA) Conference to be held on November 26 and 27, 2018 at Oriental Hotel, Lagos, Nigeria. Attendees can register via the dedicated conference website, at www.asea-ngx2018.com. A discount of $150 is available for conference attendees who register

    • By : Business Journal
    • Events
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