The equity market on Tuesday gained 0.65%, extending bullish-run to four trading sessions. similarly, market breadth closed positive recording 24 gainers against 20 losers.
In summary, the All Share Index (ASI) gained 213.38 absolute points, representing a gain of0.65% to close at 32,827.98 points. Similarly, the Market Capitalization gained N73.55 billion, representing a growth of 0.65% to close at N11.31 trillion.
The upturn was impacted by gains recorded in medium and large capitalized stocks, amongst which are;
OKOMU (+5.00%),
OANDO (+4.35%),
ZENITH (+3.33%),
GTB (+2.57%),
ACCESS (+2.30%),
ETI (+1.86%),
UBA (+1.01%),
NB (+0.82%) and DANGCEM (+0.62%)

Also, find Market statistics, Corporate Benefits & Relevant Dates reported thus far in 2017

https://brandspurng.com/equity-market-continues-bull-run-as-asi-gains-0-65/

Survey Chart D

Survey chart C

Survey chart B

Survey Chart A

New aggregated power poll results released by NOIPolls for the 1st half of 2017 (January to June) covering Q1 and Q2 revealed a decline in power supply to Nigerian households in Q2. An average of 31 percent of Nigerians surveyed reported the decline in power supply for the first half of this year; this drop represented a 6-point decline when compared to the fourth quarter (Q4) of 2016 which stood at 37 percent. The drop could be attributed to the reported shortage of gas supply experienced by the sector several months back and the grid instability caused by weak transmission infrastructure.


Quarterly evaluation revealed that 31 percent of adult Nigerians reported that they experienced a minimal increase in power supply to their households in Q2, 2017 and this represents a 1-point increase when compared to Q1, 2017 which stood at 30 percent. Also, monthly analysis has shown that the highest improvement in power supply was in the month of March 2017 with 35 percent representation while the month of January accounted for the lowest (21 percent) improvement in power supply in the first half of 2017.

In the same manner, an evaluation of the monthly average cumulative hours of power supply to Nigerian households for the month of February 2017 stood at 9.8 hours daily, representing the highest daily cumulative hours of power supply within the six month period. Quarterly, nationwide average daily cumulative power supply to Nigerian households in Q2, 2017 stood at 9.3 hours, these results further stress the drop in power supply when compared to Q4, 2016 which had 10.6 hours as the monthly average. This infers that the stakeholders in the power sector need to keep up the pace of working towards providing more quality electricity supply to the people. These are some of the key findings from the aggregated power sector poll conducted by NOIPolls over a period of six months (January to June 2017).

Background

Viable electricity generation and supply in Nigeria seem indefinable over the years. Although there are times when peak increases are recorded, the amount of energy generated and distributed for consumption still does not measure up to what is actually needed. In the past years, the mounting problem in the power sector has continued to defy all solutions designed to remedy it making issues with power in Nigeria become a very peculiar situation when compared to other neighboring African States.

The conundrum in the power sector has resulted in a situation that has been damaging to the economy and infrastructural development in Nigeria for decades. Few among these challenges are unconducive environment for investors, underfunding of the power sector and lack of good regulations. Also, there is a challenge with the funding of the sector; this funding issue has even resulted in a face-off, recently, between the National Assembly and Minister of Power, Works and Housing, Mr. Babatunde Fashola. However, the non-cooperation of electricity consumers to pay for energy consumed has also posed a level of difficulty in the sector, especially in these times that the generation and distribution components are being handled by private investors. As at the time of filing this report, the National Electric System Operation (SO), an arm of the Transmission Company of Nigeria (TCN), puts the general National Peak Demand Forecast at about 19,100.00MW, while recent peak energy generated hovers between just 4, 000MW and 4, 300MW and this could safely translate to unavailable or unstable power supply when compared with the energy demand.

With the aim of monitoring the progress made so far since the power sector reforms in Nigeria, NOIPolls introduced the Power Polls in 2013 to explore the perception of Nigerians towards the power sector reforms. The polls were conducted monthly to explore the amount of power supply received daily, as well as the state of power supply to households. The result presented is a 6-Months (January – June) tracking of power supply to households from the consumers’ end in 2017.

Survey Findings

Quarterly Trend on Power Supply

Analysis of results, from polls conducted over a six month period on NOIPolls monthly power tracking survey series revealed that only about 3 in 10 Nigerians nationwide experienced an improvement in power supply for both quarter one (Q1) and quarter two (Q2). Further analysis revealed that power supply improvement for Q1 was 30 percent while, that of Q2 was 31 percent indicating a marginal 1 percent improvement nationwide.



Quarterly Average Daily Cumulative Power Supply to Nigerian Households

Analysis of survey findings over the period in view revealed that the average cumulative power supply to Nigerian households nationwide for Q1 2017 was 8.9 hours while Q2 2017 had 9.3 hours, once again reflecting a fractional improvement in cumulative hours of power supply.



Average Monthly Improvement in Power Supply

Further analysis of the survey results over the period in view revealed that the highest improvement (35 percent) in power supply nationwide was recorded in March 2017 representing a 1 percent improvement from the previous month. The lowest improvement ( 21 percent) in power supply nationwide was recorded in January 2017, this low ebb recorded in January is likely connected to the decline in generation during quarter four (Q4) of 2016 as Nigeria’s generation statistics showed that a total average of 2,159 MW of energy was generated by power stations during the fourth quarter of 2016. Further giving credence to this lowest improvement recorded in January of 2017 is the fact that power generation had worsened during this period as attested to by the power ministry. Despite a 14 percent surge from January’s 21 percent to 35 percent in April, a frequent fluctuation in power supply is noticed in the subsequent months.



Average Monthly Daily Cumulative Power Supply to Nigerian Households

Additionally, analysis of survey results revealed that the month of February recorded the highest average daily cumulative power supply to Nigerian households which stood at an average of 10 hours daily. More, analysis of results shows that the month of January recorded the lowest average daily cumulative hours of power supply to Nigerian households which stood at approximately 8 hours daily.



In conclusion, the findings have revealed that for the six month period (January to June) evaluated, the month of February 2017 accounted for the highest daily cumulative hours of power supply in Nigeria with 9.8 hours. Although it declined in the month of April, it gradually picked up again in June 2017 to stand at 9.7 hours. Similarly, quarterly analysis of results showed that Q2, 2017 recorded the highest average improvement in power supply nationwide with 31 percent.

Furthermore, the statistics obtained from this report revealed that despite the recent collaborations of the Transmission Company of Nigeria (TCN) and the Generating Companies (GENCOS) to improve electricity and grid stability, power supply to Nigerian households is still inadequate and unstable. Therefore, it is compulsory to create a synergy among the industry players to get a lasting solution to the problems that have been persistently bedeviled the power sector. Argumentatively, there are suggestions that the funding challenge prevalent in the sector is a subset of the refusal of some electricity consumers to pay for energy consumed. The Nigerian Electricity Regulatory Commission (NERC), through its methodology of the Multi Year Tariff Order (MYTO) has pointed out that the current tariff reflects market reality, and that energy is supplied to consumers at a price that reflects the cost of production. So, Nigerians should put an end to the erroneous assumption that electricity is a social service by the government and should be sold at a cheap price or given freely; they should cultivate the habit of paying for what they consume to enable energy providers run the sector efficiently which would in turn bring about an adequate and constant power supply.

SOURCE: https://brandspurng.com/q2-2017-power-supply-to-nigerian-households-remains-poor-noipolls/

Emerging Markets Telecommunication Services Ltd. trading as Etisalat Nigeria on Tuesday informed its customers that the change of brand name will not affect its operations.


The Vice President, Regulatory and Corporate Affairs, EMTS, Mr Ibrahim Dikko, in a statement said that EMTS was aware of recent news reports regarding Etisalat Group’s withdrawal of the right to the continued use of the Etisalat brand in Nigeria by EMTS.

He said that EMTS had a valid and subsisting agreement with the Etisalat Group.

According to him, the agreement entitles EMTS to use the Etisalat brand notwithstanding the recent changes within the company.

“Indeed, discussions are ongoing between EMTS and Etisalat Group pertaining to the continued use of the brand.

“EMTS will issue a formal statement once discussions are concluded.

“The final outcome on the use of the brand in no way affects the operations of the business as our full range of services remain available to our customers,’’ he said.

Dikko said that EMTS launched in Nigeria in 2008 with “0809ja’’ to affirm the “Nigerianness’’ of its origin and sphere of influence.

He said that in nine years of operation, the company remained a prime driver and avid supporter of the Nigerian spirit of excellence.

According to him, the telecommunications company will continue to stay true to its “Naijacentric identity’’.

“This notion is strongly reflected in our core messages and depicted in major projects and initiatives, which we have been known to support.

“All these initiatives have their foundation embedded in supporting key aspects of the Nigerian fabric: building Nigerian businesses and empowering Nigerians with a focus on the youth.

“Nigeria remains the soul of EMTS’ business and we have made the brand alluring to our teeming subscribers, who see a piece of the spirit and character of Nigeria in everything we do.

“EMTS is here to stay and we wish to assure our esteemed customers that our core values of youthfulness, customer-centricity, and innovation will remain the pillars on which we operate.

“We thank our esteemed customers for their abiding faith in us,’’ Dikko said.

Since the month of March, Etisalat Group has been having the issues with the consortium of 13 banks over the payment $1.2bn loan.

The group had on Monday given Etisalat Nigeria three weeks ultimatum to stop the usage of its brand name.

SOURCE: https://brandspurng.com/etisalat-change-of-name-wont-affect-operations-in-nigeria/

This is just

See how facebook won control tinz, Who is rating dem?
and these companies no fit do nada, in their pocket of course.

The Managing Director/Chief Executive Officer of First Bank of Nigeria Limited and Subsidiaries, Dr. Adesola Adeduntan, stated that the appointment embodies the rich succession planning tradition, which the Bank is known for, and the strict adherence to corporate governance in its Board appointments
First Bank of Nigeria Limited, Nigeria’s most valuable banking brand and foremost financial institution, has announced the appointment of Abdullahi Ibrahim as an Executive Director.


Prior to this appointment, Abdullahi was the Bank’s Group Executive, Retail Banking North. Ibrahim’s appointment is in sync with FirstBank’s strong corporate governance credentials and best practice, ensuring that there is balance of knowledge, judgment and experience at the highest decision making organ of the Bank.

This corporate governance posture has won the Bank much respect and recognition both locally and internationally.
Ibrahim was appointed Group Executive, Retail Banking North in January 2016.

He was previously Group Executive, Technology and Services overseeing the Bank’s Information Technology and Services Functions.
He also served as Group Executive Retail banking North from December 2012 up until his appointment as Group Executive, Technology and Services.

He was the pioneer Group Head, Manufacturing Group in the erstwhile Institutional Banking Group of the Bank.
He had served as Business Development Manager in the Bank with responsibilities across Consumer, Retail, Commercial and wholesale banking segments, as well as the Group Head, Multinationals in the erstwhile Corporate Banking Directorate.

Ibrahim’s banking experience spans over 25 years and cuts across investment, wholesale and commercial banking as well as banking operations.
His proven ingenuity in these areas is brought to bear on the Bank’s Retail Banking services.

Prior to joining FirstBank, he was Area Manager and subsequently Group Head, Telecommunications, Information Technology and Transport Group in Corporate Banking at the then NAL Merchant Bank.

He also worked at United Bank Africa where he left in 2001 as a Senior Manager in Corporate and Consumer Banking.
Ibrahim is an Honorary Senior Member, Chartered Institute of Bankers of Nigeria and an Alumni of Lagos Business School (Advanced Management Programme).

He is also a member of the Institute of Directors.

He is married with children and loves reading, photography and horse riding.
The Managing Director/Chief Executive Officer of First Bank of Nigeria Limited and Subsidiaries, Dr. Adesola Adeduntan, stated that the appointment of Ibrahim embodies the rich succession planning tradition, which the Bank is known for, and the strict adherence to corporate governance in its Board appointments.

Adeduntan said: “Abdullahi has been an integral part of the Bank’s success story through the years and I am confident that his appointment will further strengthen and position the Bank in realizing its ongoing growth strategy.”

SOURCE: https://brandspurng.com/firstbank-appoints-executive-director/

In an interactive session with some senior editors at the Russian Embassy in Abuja, the Deputy Head of Mission, Valery Shaposhnikov, presented documents on Anti-terrorism.


The Government of the Russian Federation, through its embassy in Nigeria, has entered into partnership with the Nigerian Media on counterterrorism reporting.

In an interactive session with some senior editors at the Russian Embassy in Abuja, the Deputy Head of Mission, Valery Shaposhnikov, presented documents on Anti-terrorism Convention to the Deputy President of the Nigerian Guild of Editors, Suleiman Uba Gaya.

According to a statement from the Russian Embassy in Abuja, the document, copies of which will be made available to journalists and editors, elucidates on the important place of the media in facilitating open discussion of the problems of terrorism.

According the Embassy, Shaposhnikov, also presented the NGE with a code of conduct for the media in case of terrorist acts and counter-terrorism operations.

Shaposhnikov said the document was first adopted in 2003 by the Industrial Committee of Russian Media, and has helped the media of that country in sensitising the citizenry about the dangers terrorists portend, and how to forestall it.

He said: “It (the document) also calls on the security services not to use terrorism as pretext or justification to impose undue restrictions on the media.

“It emphasises that only when the media is free and informed can it partner with the military to defeat insurgency.
“The Anti-terrorism Convention calls on the media to realise that rescue of victims and the right to life come first, and they should accordingly not do anything to jeopardise such.”

Other key points of the document include the need for the media to inform the military of any useful information at its disposal, especially if it can be used to prevent terrorism or help in rescuing victim, as well as the need not to give any significant space or prominence to exploits of terrorists.



SOURCE: https://brandspurng.com/russia-partners-nigerian-media-on-counterterrorism-reporting/

The equity market on Monday gained 0.48%, extending bullish-run to three trading sessions. similarly, market breadth closed positive recording 26 gainers against 15 losers.
In summary, the All Share Index (ASI) gained 155.43 absolute points, representing a gain of 0.48% to close at 32,614.60 points. Similarly, the Market Capitalization gained N53.56 billion, representing a growth of 0.48% to close at N11.24 trillion.
The upturn was impacted by gains recorded in medium and large capitalized stocks, amongst which are;
FLOURMILLS (+9.75%),
UBA (+4.94%),
ACCESS (+4.93%),
OANDO (+4.92%),
ZENITH (+3.45%),
FBNH (+2.30%) and GTB (+0.06%),


Foreign Exchange

The Naira at the inter-bank market remained flat at N306.00 against the US Dollar. The Investors and Exporters (I&E) FX window  closed at N361.86.

We expect the FX market to trade within the current range in the next session.

 

Money Market

OBB and Overnight rates closed at an average of 25.33% and 28.17% respectively, representing an uptrend from Friday’s closing position of 15.00% and 15.25%.

We expect money market to trade with existing volatility in the next session.

  
For Market Statistics, Corporate Benefits & Relevant Dates reported thus far in 2017

Kindly visit : https://brandspurng.com/equity-market-sustains-uptrend-with-0-48-gain/

ok

Where exactly does it work out well as per sectors in this country sef?
Something to say Yes, we are doing very well in.
There should be, ryt?
SMH

Good....

But wait ooo, No be dis bank pple complain over their services?

Congrats GT.

why wont They?

Anoda source of revenue needing gentle touch.

For this kain weather?
Abeggi

The sugar wey surround the cans give me the creeps by merely staring.

Partnership that is Mutual

Dangote ke?

Good move..

Lalasticlala ooooo
Mods FP tinz.
pipuuuuu come an seee. :oLalasticlala ooooo
Mods FP tinz.
pipuuuuu come an seee.

Please, help me with study packs for foundation level to my E-mail arbasyinusa@gmail.com Thanks!

when?

Dem neva settle till now?

ok

Ok

ok

Good specs

Ok

Bifwoli:
Keep dreamin but, you can never achieve that with that low HDI ,poor resource mobilization capacity ,high corruption rate and a low score in terms of literacy rates.Your current state is a true reflection of what you're- sorry to say so.

I agree with you

The equity market on Friday gained 0.32%, extending bullish-run to two trading sessions. similarly, market breadth closed positive recording 28 gainers against 17 losers.
In summary, the All Share Index (ASI) gained 104.39 absolute points, representing a gain of0.32% to close at 32,459.17 points.
Similarly, the Market Capitalization gained N35.98 billion, representing a growth of 0.32% to close at N11.19 trillion.

The upturn was impacted by gains recorded in medium and large capitalized stocks, amongst which are;
OANDO (+3.92%),
FLOURMILLS (+3.55%),
GTB (+1.76%),
ZENITH (+0.98%),
FBNH (+0.49%),
DANGCEM (+0.49%),
SEPLAT (+0.43%),
ACCESS (+0.33%) and ETI (+0.16%).

Foreign Exchange

The Naira at the inter-bank market closed at N306.00 against the US Dollar. The Investors and Exporters (I&E) FX window opened at N365.68 and closed at N365.02.

We expect the FX market to trade within the current range next week.

 

Money Market

OBB and Overnight rates closed at an average of 15.00% and 15.25% respectively and representing an uptrend from Thursday’s closing position of 14.40% and 14.92%.

We expect money market to trade within the existing range next week.

 

The CBN conducted a further OMO auction today to mop up excess liquidity, selling a total of N228.82 million of 195-day t-bills and N25.54 billion of 363-day t-bills, at a stop rate of 17.95% and 18.55% respectively. 

Check out the Market Statistics :

https://brandspurng.com/equity-market-sustains-uptrend-with-0-32-gain/