₦airaland Forum

Ellah Lakes Merges with Telluria, Appoints Mordi as MD
https://businesspost.ng/2019/06/14/ellah-lakes-merges-with-telluria-appoints-mordi-as-md/

Court Adjourns Oando, SEC Suit to June 24
https://businesspost.ng/2019/06/14/court-adjourns-oando-sec-suit-to-june-24/

FGN Bonds, T-Bills Dominate N9.031trn Total Pension Fund Assets
https://businesspost.ng/2019/06/14/fgn-bonds-t-bills-dominate-n9-031trn-total-pension-fund-assets/

Investors Stake N33bn on Nigeria’s N15bn Green Bonds
https://businesspost.ng/2019/06/14/investors-stake-n33bn-on-nigerias-n15bn-green-bonds/

Nigerian Company Cancels $150m Milost Acquisition Deal
https://businesspost.ng/2019/06/13/nigerian-company-cancels-150m-milost-acquisition-deal/

SEC Witch-hunting Oando, Wants Its Downfall—Shareholders
https://businesspost.ng/2019/06/13/sec-witch-hunting-oando-wants-its-downfall-shareholders/

Full Transcript of President Buhari June 12 Speech
https://businesspost.ng/2019/06/12/full-transcript-of-president-buhari-june-12-speech/

Full Transcript of President Buhari June 12 Speech
https://businesspost.ng/2019/06/12/full-transcript-of-president-buhari-june-12-speech/

30-Day T-Bills Yield Jumps 0.13% to 11.16%
https://businesspost.ng/2019/06/12/30-day-t-bills-yield-jumps-0-13-to-11-16/

Access Bank Eyes Lower Impaired Loans Ratio, Gets Fitch Ratings
https://businesspost.ng/2019/06/12/access-bank-eyes-lower-impaired-loans-ratio-gets-fitch-ratings/

NSE Index Weakens Further by 0.73% Amid Panic Selling
https://businesspost.ng/2019/06/12/nse-index-weakens-further-by-0-73-amid-panic-selling/

Lafarge Africa Likely to Submit 2018 Financial Statements June 28
https://businesspost.ng/2019/06/11/lafarge-africa-likely-to-submit-2018-financial-statements-june-28/

Nigeria’s Foreign Trade Still Very Oily
https://businesspost.ng/2019/06/11/nigerias-foreign-trade-still-very-oily/

Unilever Nigeria Opens ‘Everyday Essentials’ Store on Jumia
https://businesspost.ng/2019/06/11/unilever-nigeria-opens-everyday-essentials-store-on-jumia/

BREAKING: Ahmed Lawan Emerges Nigeria’s Senate President
https://businesspost.ng/2019/06/11/breaking-ahmed-lawan-emerges-nigerias-senate-president/

Oando Disagrees with SEC’s Decision to Cancel AGM
https://businesspost.ng/2019/06/11/oando-disagrees-with-secs-decision-to-cancel-agm/

Rotary has announced a $100 million grant to support the global effort to end polio, a vaccine-preventable disease that once paralyzed hundreds of thousands of children each year.

The funding comes as Rotary and its partners in the Global Polio Eradication Initiative (GPEI) address the final—and most pressing—challenges to ending poliovirus transmission, and as Nigeria approaches three years without any reported cases of wild poliovirus, bringing the Africa region closer to polio-free status.

“Routine immunization in high-risk states is helping us prevent new cases of wild polio,” said Dr Tunji Funsho, chair or Rotary’s Nigeria PolioPlus Committee. “Although the polio infrastructure has become stronger and allows us to also respond to other serious health concerns, we must remain committed to ensuring the political and financial support necessary to ending polio in Nigeria and around the globe for good.”

While there were only 33 cases of wild poliovirus reported in 2018, the last mile of eradication has proven to be the most difficult. Barriers to eradication–like weak health systems, insecurity, and mobile and remote populations–must be overcome. As long as a single child has polio, all children are at risk, which underscores the need for continued funding and commitment to eradication.

To support polio eradication efforts in endemic countries, Rotary is allocating half the funds to Afghanistan ($16.3 million), Nigeria ($10.2 million), and Pakistan ($25.2million).

Additional funding will support efforts to keep vulnerable countries polio-free and the countries are Chad ($102,395), Democratic Republic of the Congo ($9.5 million), Ethiopia ($2.6 million), Iraq ($6 million), Kenya ($6.3 million), Mali ($1.2 million), Somalia ($1.4 million), South Sudan ($1.2 million), Syria ($1.7 million) and Yemen ($2.1 million).

It was disclosed that the World Health Organization (WHO) will receive $1.3 million to conduct research, and will also receive support for surveillance activities in its Africa ($10.9 million) and Eastern Mediterranean ($4 million) Regions.

Rotary has committed to raising $50 million a year to be matched 2-to-1 by the Bill and Melinda Gates Foundation, amounting to $150 million for polio eradication annually. The organisation has contributed more than $1.9 billion to fight the disease, including matching funds from the Gates Foundation, and countless volunteer hours since launching its polio eradication program, PolioPlus, in 1985.

In 1988, Rotary became a spearheading partner in the Global Polio Eradication Initiative with the World Health Organization, UNICEF, and the U.S. Centers for Disease Control and Prevention. The Gates Foundation later joined.

Since the initiative launched, the incidence of polio has plummeted by more than 99.9 percent, from about 350,000 cases in 1988 to 33 cases of wild poliovirus in 2018.

https://businesspost.ng/2019/06/11/rotary-donates-100m-for-polio-eradication-in-nigeria-others/

Treasury Bills Yields Drop 0.31% to Settle at 12.47%
https://businesspost.ng/2019/06/11/treasury-bills-yields-drop-0-31-to-settle-at-12-47/

BREAKING: SEC Suspends Oando’s AGM Slated for Tuesday
https://businesspost.ng/2019/06/10/breaking-sec-suspends-oandos-agm-slated-for-tuesday/

NSE: Analysts Expect Sell-Offs to Persist This Week
https://businesspost.ng/2019/06/10/nse-analysts-expect-sell-offs-to-persist-this-week/

Is MTN Nigeria Currently Underpriced or Overpriced?
https://businesspost.ng/2019/06/10/is-mtn-nigeria-currently-underpriced-or-overpriced/

Rates to Spike as N177bn Treasury Bills Mature
https://businesspost.ng/2019/06/10/rates-to-spike-as-n177bn-treasury-bills-mature/

Oando Given Fair Hearing, Sanctions Won’t be Reversed–SEC
https://businesspost.ng/2019/06/09/oando-given-fair-hearing-sanctions-wont-be-reversed-sec/

Crude Oil Accounts for 74.45% of Nigeria’s Exports in Q1 2019
https://businesspost.ng/2019/06/09/crude-oil-accounts-for-74-45-of-nigerias-exports-in-q1-2019/

FMDQ Trains Capital Market Journalists on Green Bonds
https://businesspost.ng/2019/06/09/fmdq-trains-capital-market-journalists-on-green-bonds/

Union Bank to Write-off N54.5bn Debts to Allow Dividend Payment
https://businesspost.ng/2019/06/08/union-bank-to-write-off-n54-5bn-debts-to-allow-dividend-payment/

Daar Communications Shares Trade Flat Amid NBC Sanction
https://businesspost.ng/2019/06/08/daar-communications-shares-trade-flat-amid-nbc-sanction/

FBNQuest Merchant Bank Sells N8.04bn Commercial Paper
https://businesspost.ng/2019/06/07/fbnquest-merchant-bank-sells-n8-04bn-commercial-paper/

Two Directors Quit Oando Board Amid Saga With SEC
https://businesspost.ng/2019/06/07/two-directors-quit-oando-board-amid-sec-saga/

London Stock Exchange Hosts Ecobank
https://businesspost.ng/2019/06/08/london-stock-exchange-hosts-ecobank/

Omoluabi Mortgage Bank Fixes July 11 for AGM in Osogbo
https://businesspost.ng/2019/06/08/omoluabi-mortgage-bank-fixes-july-11-for-agm-in-osogbo/

Presco Shareholders to Receive N2 Per Share Dividend
https://businesspost.ng/2019/06/08/presco-shareholders-to-receive-n2-per-share-dividend/

A group of small and micro business owners across the country has said they are confident Jumia will continue helping their businesses achieve significant growth.

The sellers expressed this sentiment at the quarterly vendor board meeting with key leaders of the e-commerce company which held recently in Lagos.

The meeting was organised to brainstorm on and identify untapped growth potential that sellers on the platform could leverage to grow their businesses.

In her opening remark, Chief Executive Officer of Jumia Nigeria, Mrs Juliet Anammah, urged the sellers to constantly ensure they list top quality products and manage their inventory to avoid out of stock and automatic cancellation which affects their “seller score”. She noted that sellers with the highest scores attract more orders from customers.

The Chief Operating Officer of Jumia Nigeria, Ms Susan Chen, urged the sellers to leverage some of the big sales event organised by the company.

She cited Jumia Anniversary, Black Friday, Mobile Week as some of the commercial events that can aid the sellers in growing 3 times more if they enthusiastically take advantage of these sales events.

https://businesspost.ng/2019/06/08/jumia-meets-vendors-insists-on-quality-products/

By Dipo Olowookere

Shares of Daar Communications Plc traded flat on the floor of the Nigerian Stock Exchange (NSE) on Friday despite the trouble facing the company at the moment.

On Thursday, its industry regulator, the National Broadcasting Commission (NBC), suspended the operating licence of its flagship broadcast stations, African Independent Television (AIT) and RayPower FM. As a result, the stations are presently not on air.

The NBC accused the media platforms of breaking the nation’s broadcasting codes by airing inciting materials despite being warned severally.

At the stock market on Friday, shares of the parent company of AIT and RayPower, Daar Communications, closed unchanged at 40 kobo per share.

Business Post observed that during the trading session, apart from not witnessing any price movement, there were no trading acting activities carried out on the stock.

The last activity recorded on Daar Communications’ shares was the day the operational licence of the company was suspended by the regulator.

On Thursday, June 6, 2019, investors exchanged a total unit of 1,300 shares of Daar Communications at the market.

Before then, the company recorded the trading of 10,000 units of its equities on May 31, 2019 at the market and the share price went for 40 kobo each.

Daar Communications Plc is a firm in the business of broadcasting, multimedia and allied services in Nigeria and it is owned by Mr Raymond Dokpesi.

Mr Dokpesi is a member of the opposition Peoples Democratic Party (PDP) and on the day his company’s licence was suspended, he staged a protest in Abuja, accusing the ruling All Progressives Congress (APC) of using government agencies to intimidate members of the opposition.

At the stock market, Daar Communications has not been faring well lately and its share price has found it very difficult to go above or stay around the N5 per share of its IPO about 10 years ago.

The company has not paid dividends to its shareholders for years now, while financial results of the firm have always been delayed.

At the moment, the company is worth N4.8 billion on the stock market with 12 billion share outstanding.

https://businesspost.ng/2019/06/08/daar-communications-shares-trade-flat-amid-nbc-sanction/

MTN Nigeria Awaits CBN Approval for Banking Licence
https://businesspost.ng/2019/06/06/mtn-nigeria-awaits-cbn-approval-for-banking-licence/

Nigeria Revokes Licences of Six Oil Blocks
https://businesspost.ng/2019/06/06/nigeria-revokes-licences-of-six-oil-blocks/

Investors Show Confidence in Ecobank, Oversubscribe $50m Eurobond
https://businesspost.ng/2019/06/06/investors-show-confidence-in-ecobank-oversubscribe-50m-eurobond/

Economic Momentum in Nigeria, Others to Remains Weak—World Bank
https://businesspost.ng/2019/06/05/economic-momentum-in-nigeria-others-to-remains-weak-world-bank/

SEC Holds Crucial Meeting on Oando
https://businesspost.ng/2019/06/05/sec-holds-crucial-meeting-on-oando/

By Dipo Olowookere

Business Post has got list of the biggest stockbroking companies operating in the country. These firms in the local capital market help investors execute transactions in the space.

The list was obtained from their year-to-date performance as compiled by the Nigerian Stock Exchange (NSE).

The list comprises the performances of the brokerage firms by volume and value of transactions they executed from January 2019 to May 2019 as earlier indicated.

During the first five months of this year, the nation’s 10 biggest stockbroking firms contributed 55.31 percent to the total volume of transactions recorded in the period under review, which stood at 39.092 billion.

By the volume of shares traded through the top 10 firms, Greenwich Trust Limited took the first position, contributing 9.83 percent to the 55.31 percent the top 10 brokers contributed to the total volume of transactions recorded in the period under review. A total of 6.947 billion shares were bought and sold through the company.

On the second position is Stanbic IBTC Stockbrokers Limited, which traded 6.772 billion units of stock, accounting for 9.58 percent, while Cardinalstone Securities Limited occupied the third spot with 4.195 billion shares, representing 5.93 percent.

On the fourth position is Rencap Securities (Nig) Limited, which transacted 4.077 billion shares (5.77 percent) in the period under consideration, while the fifth place was held by CSL Stockbrokers Limited, which traded 4.056 billion (5.74 percent).

The sixth biggest brokerage firm in Nigeria by volume is Chapel Hill Denham Securities Limited, which traded 3.440 billion stocks (4.87 percent), the seventh is Morgan Capital Securities Limited with 3.150 billion (4.46 percent), while the eighth is FBN Quest Securities Limited a turnover of 2.265 billion shares (3.20 percent).

On the ninth position is Meristem Stockbrokers Limited with a turnover of 2.156 billion shares (3.05 percent), while the tenth is EFG Hermes Nigeria Limited with a turnover of 2.035 billion equities (2.88 percent).

But by value, the 10 underlisted companies contributed N537.966 billion or 68.60 percent of the total trades from the beginning of 2019 till May 31, 2019.

On the top spot is Stanbic IBTC Stockbrokers, which added 17.21 percent or N135 billion to the total value of transactions on the NSE.

Rencap Securities is the second on the list with N95.543 billion or 12.18 percent, while the CSL Stockbrokers is third with N59.081 billion or 7.53 percent.

Coronation Securities claimed the fourth spot with N52.838 billion or 6.74 percent, while EFCP Limited is fifth with N52.700 billion or 6.72 percent.

Chapel Hill Denham Securities took the sixth spot with N34.784 billion or 4.44 percent, seventh is EFG Hermes with N33.956 billion or 4.33 percent, the eighth is FBN Quest Securities with 30.438 billion or 3.88 percent, the ninth is Cardinalstone Securities with N28.564 billion or 1.92 percent, while the tenth position was filled by Meristem Stockbrokers with N15.063 billion or 1.92 percent.

https://businesspost.ng/2019/06/04/these-are-nigerias-10-biggest-stockbroking-companies/

These are Nigeria's 10 Biggest Stockbroking Companies
https://businesspost.ng/2019/06/04/these-are-nigerias-10-biggest-stockbroking-companies/

What to Expect from NAICOM's New Capital Requirements for Insurance Industry
https://businesspost.ng/2019/06/04/what-to-expect-from-naicoms-new-capital-requirements-for-insurance-industry/

Stanbic IBTC Announces Board Shakeup, Expects Fresh Ideas
https://businesspost.ng/2019/06/03/stanbic-ibtc-announces-board-shakeup-expects-fresh-ideas/

Stock Recommendation for This Week
https://businesspost.ng/2019/06/03/stock-recommendation-for-this-week-4/

SEC Appoints Sunmonu to Head Interim Management for Oando
https://businesspost.ng/2019/06/03/sec-appoints-sunmonu-to-head-interim-management-for-oando/

SEC Lists 9 Major Sins of Oando, Imposes N417.7m Fine
https://businesspost.ng/2019/06/02/sec-lists-9-major-sins-of-oando-imposes-n417-7m-fine/

Dangote Cement Remains Most Capitalised Firm on NSE Despite MTN Nigeria Scare
https://businesspost.ng/2019/06/02/dangote-cement-remains-most-capitalised-firm-on-nse-despite-mtn-nigeria-scare/

Stanbic IBTC Stockbrokers is Best Brokerage Firm in May 2019
https://businesspost.ng/2019/06/02/stanbic-ibtc-stockbrokers-is-best-brokerage-firm-in-may-2019/

Nigeria to Issue N15bn Series II Green Bond
https://businesspost.ng/2019/06/02/nigeria-to-issue-n15bn-series-ii-green-bond/

Stanbic IBTC Bank Commences Sale of N35bn Commercial Paper
https://businesspost.ng/2019/06/01/stanbic-ibtc-bank-commences-sale-of-n35bn-commercial-paper/

Business Post Nigeria, a fast-rising digital news platform owned by Business Post Integrated, needs interns who have passion for financial journalism and hope to build a career in the field.

The interns will work closely with our Editors and can be assured of being better than they joined our team.

Job Description

Write financial news reports suitable for publication.

Source for news stories and conduct press interviews.

Cover media events for the company even at the shortest notice.

Requirements

A minimum of OND in Mass Communication

A brief or basic knowledge of the Nigerian financial markets is an added advantage.

Must live within/around Alimosho Local Government axis of Lagos State.

How to Apply

Interested candidates should forward their CVs to businesspostnigeria@gmail.com or info@businesspost.ng

You can download Yochaa App on Google Play Store for the demo trading.

rasxx:
I have paid my school fee enough ,by the way how can I get the demo trading platform? Please anyone with clues?