₦airaland Forum

Adeosun Can’t Suspend Me, She Has Special Interest in Oando—Gwarzo
https://www.businesspost.ng/2018/01/31/adeosun-cant-suspend-special-interest-oando-gwarzo/

Three More Stocks Fall Below 50 Kobo Per Share
https://www.businesspost.ng/2018/01/31/three-stocks-fall-50-kobo-per-share/

Again, Investors Snub 87-Day Bill at OMO Auction
https://www.businesspost.ng/2018/01/30/investors-snub-87-day-bill-omo-auction/

SEC DG Suspended to Protect Capital Market Integrity—Adeosun Tells Reps
https://www.businesspost.ng/2018/01/30/sec-dg-suspended-protect-capital-market-integrity-adeosun-tells-reps/

SEC DG Suspended to Protect Capital Market Integrity—Adeosun Tells Reps
https://www.businesspost.ng/2018/01/30/sec-dg-suspended-protect-capital-market-integrity-adeosun-tells-reps/

Honeywell Flour Posts Impressive Performance in 9 Months
https://www.businesspost.ng/2018/01/30/honeywell-flour-posts-impressive-performance-in-9-months/

Four Stocks Trade Below 50 kobo Per Share After NSE New Rule
https://www.businesspost.ng/2018/01/30/four-stocks-trade-50-kobo-per-share-nse-new-rule/

CBN Raises N84b from OMO Auction, Records No Bids for 87-Day Bill
https://www.businesspost.ng/2018/01/30/cbn-raises-n84b-omo-auction-records-no-bids-87-day-bill/

CBN to Auction N253b Treasury Bills Tomorrow
https://www.businesspost.ng/2018/01/30/cbn-auction-n253b-treasury-bills-tomorrow/

UBA Boards Approves Dividend Payment, 2017 Financial Results
https://www.businesspost.ng/2018/01/29/uba-boards-approves-dividend-payment-2017-financial-results/

Stock Recommendation for the Week (January 29)
https://www.businesspost.ng/2018/01/29/stock-recommendation-week-january-29/

Overnight Rate Slightly Down as CBN Sells N100b OMO Bills
https://www.businesspost.ng/2018/01/26/overnight-rate-slightly-cbn-sells-n100b-omo-bills/

DMO to Issue $2.5b Eurobond in Q1 2018
https://www.businesspost.ng/2018/01/26/dmo-issue-2-5b-eurobond-q1-2018/

Suspended SEC DG: Keyamo Demands Release of Probe Report
https://www.businesspost.ng/2018/01/25/suspended-sec-dg-keyamo-demands-release-probe-report/

Oando Audit Still Intact Despite Peace Accord—SEC
https://www.businesspost.ng/2018/01/25/oando-audit-still-intact-despite-peace-accord-sec/

Controveries Trail CBN N220b Special Fund for SMEs
https://www.businesspost.ng/2018/01/25/controversies-trail-cbn-n220b-special-fund-for-smes/

SEC Must Audit Oando Despite Peace Deal with Mangal—Shareholders Insist
https://www.businesspost.ng/2018/01/25/sec-must-audit-oando-despite-peace-deal-mangal-shareholders-insist/

PCMN Plc Shareholders Meet Feb 15 to Consider Proposed Scheme of Arrangement
https://www.businesspost.ng/2018/01/24/pcmn-plc-shareholders-meet-feb-15-consider-proposed-scheme-arrangement/

Oando Appoints Bukar Aji as Director After Peace Deal with Mangal
https://www.businesspost.ng/2018/01/24/oando-appoints-bukar-aji-director-peace-deal-mangal/

CBN’s Monetary Policies Boosted Economy, Stock Market—Elumelu
https://www.businesspost.ng/2018/01/24/cbns-monetary-policies-boosted-economy-stock-market-elumelu/

T-Bills Market Still Bearish as Yields Rise 0.05%
https://www.businesspost.ng/2018/01/24/t-bills-market-still-bearish-yields-rise-0-05/

Presidency/Senate Standoff Already Killing Investors’ Confidence–Experts
https://www.businesspost.ng/2018/01/23/presidency-senate-standoff-already-killing-investors-confidence-experts/

Media Firm Drags Access Bank to Court in N200m Suit
https://www.businesspost.ng/2018/01/23/media-firm-drags-access-bank-court-n200m-suit/

PHOTO NEWS: Kano Emir Brokers Peace Between Oando, Mangal
https://www.businesspost.ng/2018/01/23/photo-news-kano-emir-brokers-peace-oando-mangal/

Mangal Expresses Confidence in Oando’s Board, Drops Petition to SEC
https://www.businesspost.ng/2018/01/23/mangal-expresses-confidence-oandos-board-drops-petition-sec/

Stock Market: 33 Firms, 435 Directors Pass CGRS Rating Test
https://www.businesspost.ng/2018/01/23/stock-market-33-firms-435-directors-pass-cgrs-rating-test/

NSE Market Indices Drop 1.16% as Sell Off Persists
https://www.businesspost.ng/2018/01/23/nse-market-indices-drop-1-16-sell-off-persists/

Oando 'Compensates' Petitioner with Board Position
https://www.businesspost.ng/2018/01/23/oando-compensates-petitioner-board-position/

FSDH Projects 3.16% Growth for Nigeria in 2018
https://www.businesspost.ng/2018/01/22/fsdh-projects-3-16-growth-nigeria-2018/

Stock Market Bleeds as CBN Cancels MPC Meeting, Investors Lose N65b
https://www.businesspost.ng/2018/01/22/stock-market-bleeds-as-cbn-cancels-mpc-meeting-investors-lose-n65b/

By Modupe Gbadeyanka

Trading activities on the floor of the Nigerian Stock Exchange (NSE) opened for the new week on Monday on a negative note.

The stock market, which reversed a downward trend last Friday, resumed bearish today after pointing south by 0.40 percent, shrinking the year-to-date return to 17.44 percent.

The loss occurred as the Central Bank of Nigeria (CBN) failed to hold its first Monetary Policy Committee (MPC) meeting for the year today as a result of lack of quorum.

Like in America, where the Senate failed to pass the country's spending bill, leading to a government shutdown since last Friday, the Nigerian Senate has failed to confirm nominees of the committee sent to the upper parliament last year by President Muhammadu Buhari as a result of an impasse with the executive.

This made it impossible for the MPC meeting to hold today as earlier planned. However, the CBN Governor, Mr Godwin Emefiele, announced today that the rates, as announced at its last meeting in November 2017, would be retained.

At the close of transactions on the floor of the Nigerian bourse on Monday, the All-Share Index (ASI), which stood at 45,092.83 points on Friday, depreciated by 180.30 points on Monday to settle at 44,912.53 points.

Also, the market capitalisation, which was N16.155 trillion at the last trading session, decreased by N64.6 billion to finish at N16.090 trillion when the market closed for the day.

Business Post reports that the Conglomerates sector led the activity chart on Monday with 3.9 billion shares worth N9.4 billion transacted by investors, while the Financial Services industry followed with 523.2 million equities valued at N5.2 billion exchanged.

At the close of business, the total volume of equities exchanged by investors increased by 231.25 percent from 1.3 billion to 4.4 billion.

Also, the total value of stocks transacted rose marginally by 84.57 percent from N8.6 billion last Friday to N15.9 billion today.

Transcorp continued today as the most traded equity in terms of volume on the local bourse, selling 3.9 billion shares worth N9.3 billion.

Diamond Bank followed after trading 85.8 million shares valued at N297.9 million, and FCMB, which transacted 76.7 million equities for N267 million.

Fidelity Bank sold 69 million shares for N266 million, while FBN Holdings exchanged 57.7 million shares valued at N785.7 million.

The market breadth closed at equilibrium on Monday with 26 price gainers and losers. The total number of equities that traded flat today were 43.

Nestle led the price losers’ chart today after depreciating by N30 to settle at N1470 per share, and was followed by Unilever, which went down by N2.80k to close at N44.20k per share.

Forte Oil declined by N1.78k to finish at N50 per share, GTBank lost N1.20k to close at N53.51k per share, while UAC of Nigeria crashed by 39k to end at N17.10k per share.

On the flip side, Beta Glass topped the gainers’ table after adding N2.82k to its share value to close at N59.38k per share.

PZ Cussons rose by N1.10k to finish at N23.10k per share, and International Breweries grew by N1 to end at N64 per share.

Furthermore, Cadbury advanced by 93k to close at N15.99k per share, while Nigerian Breweries increased by 81k to settle at N143 per share.

https://www.businesspost.ng/2018/01/22/stock-market-bleeds-as-cbn-cancels-mpc-meeting-investors-lose-n65b/

Stock Recommendation for the Week (January 22)
https://www.businesspost.ng/2018/01/22/stock-recommendation-week-january-22/

Nigeria’s Economy Remains Strong—Emefiele Assures Investors
https://www.businesspost.ng/2018/01/22/nigerias-economy-remains-strong-emefiele-assures-investors/

NSE May Stop Trading of Shares of These Firms
https://www.businesspost.ng/2018/01/22/nse-may-stop-trading-shares-firms/

Sterling Bank Seeks Licence to Operate as Non-Interest Bank
https://www.businesspost.ng/2018/01/22/cbn-keeps-rates-14-absence-mpc-meeting/

CBN Keeps Rates at 14% in Absence of MPC Meeting
https://www.businesspost.ng/2018/01/22/cbn-keeps-rates-14-absence-mpc-meeting/

N68b Maturing Bills to Buoy Stability in Financial System Liquidity
https://www.businesspost.ng/2018/01/22/n68b-maturing-bills-buoy-stability-financial-system-liquidity/

N68b Maturing Bills to Buoy Stability in Financial System Liquidity
https://www.businesspost.ng/2018/01/22/n68b-maturing-bills-buoy-stability-financial-system-liquidity/

NSE: 12 Stockbroking Firms Fail Operating Standard
https://www.businesspost.ng/2018/01/21/nse-12-stockbroking-firms-fail-operating-standard/

You should get more than that with T-Bills, around 12% for same period. I hope this helps.

Sammybabelious:
.....
Pls someone should advice me on what to do

Overnight Rate Spikes as CBN Drains Liquidity, T-Bills Market Trades Flat
https://www.businesspost.ng/2018/01/20/overnight-rate-spikes-cbn-drains-liquidity-t-bills-market-trades-flat/

Regulation Vital to Efficient Derivatives Market—Expert
https://www.businesspost.ng/2018/01/20/regulation-vital-efficient-derivatives-market-expert/