Author: Marketforces Africa

SEC generates N194.48million from penalties The Securities and Exchange Commission, SEC, has said it generated N194.48 million from penalties in 2019. Mary Uduk, SEC Acting Director-General, said this in the commission’s 2020 outlook and prioritized initiatives obtained in Lagos on Sunday, February 23. Uduk stated that the commission’s enforcement efforts in 2019 yielded some positive results, noting that N194.48 million was generated through various penalties. She noted that 167 complaints were received in 2019, while 102 complaints were resolved. According to her, number of capital market fraud cases being prosecuted during the period is eight. Uduk added that N100.11million was…

Nigerian GDP expands 2.27% in 2019 on stable oil production

Why Smart Companies Outsource Product Manufacturing. When new businesses fail, most of the time it’s due to running out of cash.

CBN injects $292.34 million into retail Secondary Market. The Central Bank of Nigeria (CBN) has injected the sum of 292.34 million dollars into the retail Secondary Market Intervention Sales (SMIS).

Declining Excess Crude Account highlights economic exposure to shocks. Analysts have said the declining Excess Crude Account (ECA) highlight vulnerability of the nation’s economic prosperity and growth to shocks. ECA fall to $72 million on February 19th, from $365 million on January 16th, 2020.

FBN takes SMEs Business Clinic to Port-Harcourt, Abuja. First Bank of Nigeria Limited (FBN) says it will be in Port-Harcourt and Abuja on 25th and 27th of February, 2020 for its SMEs clinic.

Zenith Bank earnings beat lifts share price as lender proposes N2.50 dividend. The share price of the Zenith Bank Plc reacted positively to the group earnings performance for the financial year 2019.

NB Plc: Dividend Aristocrat’s Revenue Miss Estimates Despite Price Raise. Nigerian Breweries Plc, a leading brewer with significant market share, raised it beers prices, but earnings still underperformed consensus analysts’ estimates for the financial year 2019.

CBN’s waiver on milk imports to ease pressure on food inflation. Tellimer’s equity research analyst, Nkemdilim Nwadialor, has said that the Central Bank of Nigeria’s waiver on milk imports would ease pressure on food inflation.

Coronation’s experts say Naira to escape devaluation in 2020. Experts at Coronation Merchant Bank (CMB) have formed no devaluation consensus on Nigeria’s local currency, naira, for year 2020.