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TALKING to many business owners today, the major impediment in their way is the lack of working capital and long term loans to re-structure their balance sheets after a decade of negative physical capital formation. That granted, they see a bright future where productive capacity utilisation levels will increase. Notwithstanding the current predictability of the broad pricing mechanism, many fail ...
Kalahari Minerals plc, the AIM listed mining exploration and evaluation group with a portfolio of uranium, gold and base metal interests in Namibia has began trading on the Namibian Stock Exchange.
The Namibia Stock Exchange shared in the strong global growth since 2003, with the overall index increasing from 259 at the end of March 2003, to peak at 1034 on 11 October 2007.
CLOTHING retailer Truworths yesterday reported a 10% increase in sales in the first 18 weeks of its 2010 financial year to this month, but warned trading conditions remained tough and many consumers were still under pressure despite declining interest rates.
FOSCHINI group said yesterday the expected upturn in the economy was not yet evident as retail trading conditions remained tough and consumer spending remained under pressure.
In furtherance of its effort to make the capital market paperless, the Nigerian Stock Exchange yesterday said the bill for dematerialisation of share certificate has been sent to the National Assembly for consideration.
SA's ballooning budget deficit did not pose an immediate threat to its credit rating, but political will to restore fiscal discipline when the economy recovered could prove challenging, rating agency Standard and Poor's (S&P) said yesterday.
Nominee of President Umaru Musa Yar'Adua for the position of Director General of Securities and Exchange Commission (SEC), Miss Aruma Oteh told the Senate Committee on Capital Market yesterday that capital market operators had betrayed the trust of Nigerians.
Lack of interest in the management of public quoted companies by shareholders and poor corporate governance have been attributed to the failures experienced by most public liability companies.
THE PTA Bank has listed a 7-year corporate bond on the fixed income securities market segment of the bourse.
The crash witnessed in the shares of companies listed on the Nigerian Stock Exchange (NSE) was as a result of the recklessness and failure of those responsible for the day to day running of the Exchange, Acting Director General and President Umaru Musa Yar'adua's nominee for the Securities and Exchange Commission (SEC) Ms Arunma Oteh has said.
Equity Market
The bearish trend on the Nigerian Stock Exchange (NSE) continued, Wednesday, as losses on the share prices of blue chip companies in the Petroleum (Marketing) and Insurance sub-sectors dragged down the performance indicators -- the market capitalisation and All-share index by 0.29 per cent each.
For corporate social responsibility initiatives to have the desire transformational impact on the lives of people across Nigeria, organizations have been advised to go beyond rhetoric and match lofty words and plans with action. In addition, stakeholders were advised to partner the government in a collective manner to drive this change, as it is the key to achieving the developmental objectives of ...
The National Social Security Fund incurred a Shs23 billion loss from the purchase of Safaricom shares, Daily Monitor has learnt.
The bears' reign at the Nigerian Stock Exchange continued yesterday with the performance indicators sliding further by 0.3 per cent.
The Securities and Exchange Commission (SEC) yesterday disclosed that stock brokers in the Nigerian capital market are indebted to various banks to the tune of about N180bn.
THE week opened on a sluggish note with only DFCU Bank trading on Tuesday at sh550 per share.
Uganda Securities Exchange (USE) turnover has improved in the third quarter after falling by 30 per cent in the second quarter of 2009.
Shareholders of Guinness Nigeria Plc, yesterday unanimously approved the N11.1 billion dividend declared by the Board of Directors of the company, even as they requested for a bonus issue.
ECOBANK Nigeria Plc has recovered a loan of N18.19 billion from its debtors after it scale through the audit of banks by the Central Bank of Nigeria (CBN).
Housing, agriculture, construction and agro-processing are some of the sectors set to benefit from a Shs8.5 billion bond issued yesterday on the Uganda Stock Exchange by PTA Bank.
Carbacid Investments Limited made a come back to the stock market on Wednesday with a 73.5 per cent increase in its share price.
The parliamentary committee on national economy has endorsed a loan request for 137 billion shillings for the construction and rehabilitation of markets across the country.
MARKETS punished Illovo Sugar yesterday after it predicted flat earnings growth for this financial year, despite high sugar prices.
