Author: Marketforces Africa

Nigerian Breweries to raise N45 billion commercial paper. Nigerian Breweries Plc will be in the market from Monday to raise N45 billion series 5 and 6 commercial paper programme.

2019 Budget implementation: CBN raises ₦8.5 trillion overdraft for FG.

Pro-Market Experts Task FG On Market-friendly PPP arrangement. As a key alternative to ramping up debt profile, crowding out private sector in the debt market, experts have advised Federal Government to use market-friendly Public-Private Partnership (PPP) to solve the nation’s infrastructural deficit.

Jaiz Bank blockbuster earnings performance lifts stock price by 9.1%. Jaiz Bank Plc has reported an impressive earnings performance this season, as non-interest lender significantly grew profit for the year by 114%.

Important decision turns bad for Unilever as sales drop amid rising cost. Unilever Nigeria Plc (www.unilevernigeria.com) 2019 earnings scorecard disappoints analysts, shareholders and market have not got rid of it poor performance. The company made loss in its 2019 results upon taking key decision about its operations and actors in its distribution channels.

NSE Introduces Growth Board For SMEs To Raise Capital, Trade Shares. The Nigerian Stock Exchange today launched its Growth Board as part of its initiatives to deepen the market and increase trading activities.

Equities market indices retreat as investors’  dump pricey stocks. There was a pullback in the market after trading session today. Investors dumped weighty and highly price stock dragged stock market indices

Banks may shake on MPC’s CRR move –Cardinalstone. The increase in cash reserve ratio by 500 basis points may wobble deposit money banks, analysts at Cardinalstone partners have said.

Union Bank sells UK Subsidiary to consolidate growth in Nigeria. Union Bank of Nigeria Plc today announced decision to divest of its subsidiary in the United Kingdom in order to focus on Nigeria’s market.

Investors brief: these milky stocks are cuddling amazing gains. Now, there are few sick stocks, and investors are taking position. This is not the year for you not to be in the stock market. The equities market ongoing rally in January is sweetening many investors, some are adjusting portfolios, and others are taking positions. There are stocks that have gained more than 30% and the projection is that excess liquidity would still find its ways to the equity market – all things being equal. As an example, Law Union and Rock Plc (www.lawunioninsurance.com) has gained 38% in January alone. The…