Wednesday, May 22nd, 2013
By Kingsley Ighomwenghian In a fortnight, it will be exactly one full year to the expiration of the tenure of Sanusi Lamido Sanusi, incumbent governor of the Central Bank of Nigeria (CBN). But since making it known that he would kiss the job goodbye next...
Wednesday, May 15th, 2013
By Kingsley Ighomwenghian and Sola Alabadan After several months of putting up arguments as to why a bigger slice of the nation’s estimated N3.2 trillion pension assets be invested in the nation’s equities’ market, there are indications that the National Pensions Commission (Pencom) may rejig...
Wednesday, May 8th, 2013
By Kingsley Ighomwenghian The earnings season continued on the Nigerian Stock Exchange (NSE) last week, with the market reacting positively to the robust score-cards presented by quoted companies, many of which reported even more impressive first quarter accounts. As if to show that the 2012...
Thursday, May 2nd, 2013
Coordinating Minister for the Economy and Finance Minister, Dr. Ngozi Okonjo-Iweala, a fortnight ago announced a partnership between the Federal Government and the World Bank to develop a $300 million mortgage financing structure for affordable housing. This attempt at revolutionizing Nigeria’s housing sector is seen...
Wednesday, May 1st, 2013
By Kingsley Ighomwenghian When the Ms. Arunma Oteh-led management of the Securities & Exchange Commission (SEC), issued a circular ordering shareholders of quoted companies to forward bank account details to their registrars and stockbrokers by June 3, 2013, or forfeit future dividend payments, it may...
Wednesday, April 24th, 2013
By Kingsley Ighomwenghian The event was a 2011 press briefing addressed by chief executive of the Asset Management Corporation of Nigeria (AMCON), Mustafa Chike-Obi at its Lagos head office. In the ensuing question and answer session, there was the issue of whether the corporation scrutinised...
Wednesday, April 10th, 2013
After a seeming delay that sparked anxiety amongst investors who looked to third quarter results of companies listed on the Nigerian Stock Exchange (NSE) for clues as to what the full-year outings held for them, more companies presented their financials last week, five of which...
Tuesday, April 2nd, 2013
By Kingsley Ighomwenghian Investors in equities listed on the Nigerian Stock Exchange (NSE) became richer by a cumulative N1.758 trillion in the first quarter of 2013, according to data from the bourse. The All-Share Index, which gained 1.39 per cent month-to-date, recorded 19.44 per cent...
Wednesday, March 27th, 2013
Gbadebo Adetokunbo, a shareholder activist and investor in several companies listed on the Nigerian Stock Exchange (NSE) has seen and encountered the various seasons in the bourse, having started investing soon after leaving secondary school in the early 1970s.
Wednesday, March 13th, 2013
By Frank Obaro As earlier stated our transfer pricing regulation is benchmarked against the OECD transfer pricing guidelines. The Transfer Pricing Regulations also provide a “Safe Harbour” which is an exemption from “documentation requirement” of regulation 6 limiting it to when price is in accordance...
Wednesday, March 13th, 2013
• At 18.32% of GDP, it’s sustainable - DMO boss By Kingsley Ighomwenghian (Lagos) and Efe Ebelo (Abuja) Latest data from the Nigeria’s Debt Management Office (DMO) shows that the nation’s total debt portfolio stood at $10.43 billion at the end of 2012, a drop...
Wednesday, March 13th, 2013
By Efe Ebelo, Snr. Correspondent, Abuja The menace of liquidation-related litigation which makes it difficult for Nigeria Deposit Insurance Corporation (NDIC) to completely wind up failed banks in accordance with the law and settle depositors and other creditors within a reasonable time has been identified as...
Wednesday, March 6th, 2013
By Kingsley Ighomwenghian After some volatile sessions, particularly towards month-end, trading on the Nigerian Stock Exchange (NSE) in February closed last Thursday with the basic indicators remaining strong in the green, helped by robust gains recorded by penny and midcap stocks. The growth was however...
Wednesday, February 27th, 2013
Ahmed Kuru, chief executive of Enterprise Bank Limited is a journalist’s delight. He recently hosted an interactive session with the media in Lagos a fortnight ago where he took on wide ranging issues. Besides giving a stewardship of management of the Enterprise Bank and the...
Wednesday, February 20th, 2013
The month February of fiscal year 2013 entered gradually draws to a close with an expectant nation wondering who it is that will blink first between President Goodluck Jonathan and his team of advisers in the Federal Executive Council, and both arms of the National...
