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    Qtr 1: NSE Equity Investors Worth Depreciate By N779.95bn

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    Investors’ net worth on the Nigerian Stock Exchange (NSE) depreciated by N779.95 billion in first quarter, 2014. The NSE-All Share Index which is the gauge for measuring aggregate growth in the capital market shed 2,581.18 from 41,329.19 points between  January 2, 2014 to 41,329.19 points and March 31, 2014, depreciated by 6.25 per cent. Specifically,…

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    Transcorp Targets N25bn Profit In 2014

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    Transnational Corporation of Nigeria Plc (Transcorp) plans to grow its profit to N25 billion during the year, representing 177 per cent from N9.03 billion obtained in 2013. The company gross earnings increased in 2013 by 41 per cent from N4.80 billion in 2012 to N6.78 billion.  It has also proposed a dividend payout of N1.93…

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    AfDB To Raise $1.5bn From Capital Market

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    The director-general of the Securities and Exchange Commission, Ms Arunma Oteh,  yesterday said that the African Development Bank will soon raise a total of $1.5 billion (N237 billion) from the Nigerian capital market. Speaking at the first quarter post-centenary capital market committee media briefing in Lagos, she said the capital market has recorded various achievements…

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    Local Investor Participation On The Rise In Capital Market – Onyema

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    The Nigerian Stock Exchange (NSE) has said increased level of investor protection and its zero tolerance stance in the market contributed to the increasing local investors’ participation in the capital market. The CEO of the NSE, Oscar Onyema stated this at the Investor Clinic organised by NSE, “The improved regulatory environment and performance of quoted…

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    Berger Paints Posts N379m Profit

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    Berger Paints has announced a profit before tax of N379 million for the financial year ended December 31, 2013, an increase of 33 per cent when compared to N285m recorded in the same period of 2012. The company posted a turnover of N2.71bn in 2013, from N2.69bn recorded in the corresponding period of 2012, while…

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    Listing Of Power Firms Expected In 2017 – NSE

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    The privatised generation companies (Gencos) and distribution companies (Discos) may make their shares available to the Nigeria public by the year 2017. Speaking during a courtesy visit to the Nigerian Stock Exchange (NSE) yesterday in Lagos, the minister of power, Professor Chinedu Nebo, said government may review the initial agreement with successor companies from five…

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    Market Capitalisation Dips By N44.14bn

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    The market capitalisation on the Nigerian Stock Exchange (NSE)  dropped by N44.14 billion or 0.36 per cent to closed at N11.93 trillion from the N11.97 trillion recorded on Tuesday. Also, the All-Share Index, which opened at 37,270.04, went down by 133.44 points or 0.36 per cent to close at 37,136.60 at the end of trading….

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    Dangote Sugar GMD Pledges Growth

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    The new group managing director of Dangote Sugar Refinery Plc, Graham Clark, has assured the stock market community of continuous growth in the company’s performance. Clark who took over the affairs of the company in July 2013 said this during his visit to the floor of the Nigerian Stock Exchange (NSE) yesterday. He said that…

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    Market Capitalisation Gains N132.15bn

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    The equities section of the Nigerian Stock Exchange (NSE) opened the week on a positive trend as market outlook reveals improved bargain activities with N132.15 billion market capitalisation gain. The market capitalisation increased by 1.07 per cent to close at N12.43 trillion, while the NSE All-Share Index also appreciated by 1.07 per cent or 411.4…

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    SEC Seals Finance House For Breaching Operating Rules

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    The Securities and Exchange Commission (SEC) has closed down offices of the New Nation Finance House, one of Nigeria’s leading fund management companies, in seven states of the federation as a result of breaching of SEC’s operating rules. The offices of the company that were affected are located in Lagos, Akure, Bauchi, Birnin Kebbi, Calabar,…

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