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Jan 07, 2009
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January 07, 2009 --
Index fell further as share prices decline

A further dip was recorded in the prices of major blue chip stock across the various sub-section of the economy on the exchange yesterday as market c
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January 07, 2009 --
U.S. stocks gain on Obama tax cut plans

UNITED States (U.S.) stocks gained, recovering most of yesterday's losses, on speculation President-elect Barack Obama's $775 billion package of tax c
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January 07, 2009 --
U.S. stocks gain on Obama tax cut plans

UNITED States (U.S.) stocks gained, recovering most of yesterday's losses, on speculation President-elect Barack Obama's $775 billion package of tax c
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January 07, 2009 --
U.S. stocks gain on Obama tax cut plans

UNITED States (U.S.) stocks gained, recovering most of yesterday's losses, on speculation President-elect Barack Obama's $775 billion package of tax c
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January 07, 2009 --
U.S. stocks gain on Obama tax cut plans

UNITED States (U.S.) stocks gained, recovering most of yesterday's losses, on speculation President-elect Barack Obama's $775 billion package of tax c
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January 06, 2009 --
Skye Bank, others present score cards to the exchange

SKYE Bank Plc has presented its audited full year result for the period ended September 30, 2008 to the Nigerian Stock Exchange. By the result, the
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January 06, 2009 --
Falling blue chips drag indices down on the exchange

MAJOR price losses by blue chip stocks across various sub-sectors pushed stock indices further down yesterday, as market capitalisation and All-share
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January 05, 2009 --
Three firms present scorecards to the Exchange

THREE companies last week, presented their scorecards to the council of the Nigerian Stock Exchange (NSE) and their shareholders, as the price of Nige
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January 05, 2009 --
NSE re-opens for 2009 on negative note

TRANSACTIONS on listed equities at the Nigerian Stock Exchange (NSE) opened for the new year on Friday with investors' cumulative net worth depreciati
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January 02, 2009 --
2008: Year of record global stock market plunge

Global markets saw record falls in 2008 as the financial turmoil and economic slowdown ended the stock market boom. Britain's FTSE 100 had its wors
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December 31, 2008 --
Economic downturn hits Brazillian equities

Brazilian stocks hit a record fall this year as slowing economic growth in the United States (U.S.) and China reduced demand for commodities and the g
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December 31, 2008 --
Insurance stocks lift transactions on the Exchange

Heavy trading in the shares of some insurance companies' stocks, yesterday, buoyed transactions' volume of traded equities as 305.2 million shares val
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December 30, 2008 --
Bullish trading buoys transactions on the Exchange

CONTINUED share price appreciation recorded by many blue chip stocks yesterday, strengthened the hold of the bulls in the equities sector of the Niger
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December 30, 2008 --
MAN boosts German DAX Index

GERMAN stocks rose for the first time in four days, led by MAN AG on speculation Europe's third- largest truckmaker will raise its stake in Swedish co
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December 30, 2008 --
Yuletide: Stock market records low volume, value

Activities at the Nigerian Stock Exchange closed on a low note on Monday as volume and value of shares traded decreased compared with the previous wee
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December 29, 2008 --
Four companies present scorecards to the exchange

FOUR companies last week presented their score cards to the Council of the Nigerian Stock Exchange (NSE) and their shareholders, even as three others
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December 29, 2008 --
Performance indices rise in the capital market ...OTC records N116.3b transactions

HEAVY price appreciation recorded by many highly capitalised stocks last week, prolonged the reign of the bulls as corporate performance indices of th
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December 24, 2008 --
SEC clears air on share certificate dematerialisation

THE Securities and Exchange Commission (SEC), has cleared air on the controversies making round in the capital market that shareholders should demater
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December 24, 2008 --
Banks, oil stock surge indices, market capitalisation

FOR investors who have lost money in the stock market meltdown experienced between March and early this month, light seem t be at the end of the tunne
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December 24, 2008 --
Investors regain N417bn in one week

The market capitalisation of the 303 listed equities on the Nigerian Stock Exchange appreciated by N417bn or 6.6 per cent, up from N6.281tn on Tuesday
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December 23, 2008 --
Bank stocks dominate trading activities

The banking sector dominated trading activities on Monday, accounting for 91 per cent of total value and 35 per cent of volume traded. Investors ex
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December 23, 2008 --
OTC records N268 billion transactions, as firms present scorecards

DESPITE the persistent lull in activities in the equities market, especially in terms of performance indices, activities in the Over-The-Counter (OTC)
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December 23, 2008 --
Blue chip stocks buoy indices on the Exchange

MAJOR price gains by blue chip stocks across the sub-sectors on the Nigerian Stock Exchange (NSE) boosted performance indices yesterday, causing them
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December 22, 2008 --
Indices soar, renew investors' interest in stock market

TRADING volume and performance indices soared on the floor of the Nigerian Stock Exchange (NSE) last week, just as blue chip stocks soared the indices
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December 22, 2008 --
Insert South African firm, Europeans show interest in Honeywell IPO

THE initial public offering (IPO) by Honeywell Flour Mill has begun to attract discerning interest from key institutional investors and fund managers
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December 22, 2008 --
Dangote Flour Q3 profit up by 332%

Dangote Flour Mills Plc has recorded a 332 per cent rise in its third quarter profit for the 2008 financial period. According to the Nigerian Stock E
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December 19, 2008 --
SEC appoints Vetiva market maker

IN line with the decision of the Securities Exchange Commission (SEC) to stimulate activities on the floor the Nigerian capital market in the wake of
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December 19, 2008 --
BGL raises shareholders' fund to N49b, unveils new identity

BGL Plc has said that its shareholders' fund has reached an excess of N49 billion. The Managing Director and Chief Executive Officer of the company
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December 18, 2008 --
Blue chip shares lift stock indices

AFTER several weeks of dominance of the bears in the equities sector of the Nigerian Stock Exchange (NSE), price gains by blue chip stocks made indice
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December 18, 2008 --
Nigerian Breweries to pay another interim dividend

NIGERIAN Breweries Plc has declared another interim dividend of N14, 368,868,446, that is, N1.90 per ordinary share of 50 kobo each in the share capi
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December 18, 2008 --
Bulls stage a comeback, as market closes positive

Indications emerged on Wednesday that the market might soon return to its hurray days as trading activities closed on a positive note. The Nigerian
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December 16, 2008 --
Bank PHB, others win PEARL awards

BANK PHB has emerged this year's overall highest award of the Pearl of the capital market at a ceremony organised by PEARL awards project in Lagos.
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December 16, 2008 --
Fidson's management explains drop in profit

THE major dip in the full year financial results of Fidson Healthcare Plc was at the weekend explained by the company's management and was attributed
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December 15, 2008 --
Shareholders commend banks' bailout option

SHAREHOLDERS in the Nigerian capital market have commended Nigerian banks for spearheading an internal mechanism through mergers and acquisition to fu
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December 15, 2008 --
Fumman seeks N5b from private investors

FUMMAN Agricultural Products Industries Limited has kicked-off its bid to raise about N5 billion new equity funds from select investors through a priv
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December 12, 2008 --
Market capitalisation down as bears dominate trading on the Exchange

PRICE losses continued to outweigh gains in the equity sector of the Nigerian Stock Exchange (NSE), putting the bears on a sustained lead of the bulls
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December 12, 2008 --
Investors lose N452bn in one week

Activities on the Nigerian Stock Exchange closed on a negative note on Thursday, as major market indicators continued to record significant loses.
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December 12, 2008 --
Honeywell projects 43 kobo dividend payout in 2011

HONEYWELL Flour Mills Plc has projected 43 kobo dividend payout in its 2011 financial year and has also concluded plans to reward investors with11 an
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December 11, 2008 --
Exchange strategises against 'melt-down'

THE Director-General of the Nigerian Stock Exchange (NSE), Professor Ndi Okereke-Onyiuke has reiterated the Exchange's commitment towards ensuring tha
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December 11, 2008 --
Market indices slide by 7.6 per cent

CONTINUED share price depreciation of stocks of highly capitalised companies enhanced the reign of the bears when the market re-opened for the week af
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December 10, 2008 --
SEC moves to revamp stock market

MOVES to return the bulls run in the stock market which was predominant late last year and early this year got a boost at the weekend with the Securit
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December 10, 2008 --
Global market: Vietnam link slips amid growth, IPO concerns

VIETNAM's link with global markets has weakened as slowing economic growth and a pending supply of new shares from the country's fourth-largest bank w
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December 05, 2008 --
Shareholders approve Zenith Bank's N28.46b dividend

WITH an assurance from the board of directors of Zenith Bank Plc that shareholders would get more returns in the 2009 financial year, investors of the
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December 05, 2008 --
Investors pledge support on Honeywell IPO

INVESTORS in the Nigerian capital market have thrown their weight behind Honeywell Flour Mills Plc's initial public offer, even as they promise to tak
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December 04, 2008 --
Bank stocks dominate activity, gainers chart

Banks shares dominated both the activity and price gainers chart at the close of trading on Wednesday. The sub-sector accounted for eight out of the
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December 04, 2008 --
Honeywell initial public offer begins

HONEYWELL Flour Mills Plc is offering for sale to the public 1,252,941,177 ordinary shares of 50k each and also offering for subscription 941,176,471
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December 04, 2008 --
Exchange's indices sustain sliding profile

THE bears yesterday, maintained its dominance on the floor of the equity sector of the Nigerian Stock Exchange (NSE), as market indices depreciated fu
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December 03, 2008 --
ISAN tasks govt on industrial policy

THE Independent Shareholders Association of Nigerian (ISAN), an organisation formed to protect the rights of investors, has urged the Federal Governme
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December 03, 2008 --
Indices fall, as blue chip stocks plummet

DEPRECIATION in share prices of virtually all the highly capitalised stocks on the floor of the Nigerian Stock Exchange (NSE), yesterday brought down
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December 03, 2008 --
Market capitalisation declines to N6tn

Activities on the Nigerian Stock Exchange continued to nose-dive on Tuesday as market indicators slipped further. From November 18, 2008, when the
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December 02, 2008 --
Nigerian Breweries' turnover exceeds N100b in nine months

NIGERIAN Breweries Plc has announced a turnover of N102 billion for the nine months (third quarter) ended September30, 2008. This represents a 32 per
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December 02, 2008 --
Exchange lists MTI's share

MOBILE telecommunications services sector at the weekend received a boost with the listing of the first indigenous infrastructure telecommunications c
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December 02, 2008 --
Oando, Presco win NSE award

OANDO Nigeria Plc and Presco Nigeria Plc have bagged the Nigerian Stock Exchange 2007 financial year president's award for being the best quoted compa
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December 01, 2008 --
OTC records N207.9b turnover

TRADING at the Over-the Counter Bond last week recorded a downturn, as a turnover of 203.43 million units, valued at N207.9 billion was done in 1,519
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December 01, 2008 --
13 firms present scorecards to Exchange

ABOUT 13 quoted firms, last week presented their scorecards to the council of the Nigeria Stock Exchange (NSE) and their shareholders. Specifically
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November 28, 2008 --
Honeywell Flour Mills floats N19b IPO

ETERMINED to remain an active player in the industry, Honeywell Flour Mills Plc has concluded arrangement to float N19 billion Initial Public Offer (I
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November 28, 2008 --
Shareholders task regulators, govt on foreign investment regulation

INVESTORS in the stocks of companies quoted on the Nigerian Stock Exchange (NSE) have advised the Federal Government and regulators of the financial s
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November 27, 2008 --
DMO to introduce first 20-year FGN bond

THE Debt Management Office (DMO) has revealed its plans to introduce the first 20-year Federal Government bond into the Nigeria Capital Market today.
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November 27, 2008 --
Ibadan zonal shareholders to organise investors' education seminar

FOLLOWING the continued down trend in the capital market, the Ibadan Zonal Shareholders Association has concluded plans to organise a two-day seminar
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November 27, 2008 --
Stocks record marginal losses as capitalisation now N7.46trillion

The bears took their toll on the market for the second day as the All share index shed 0.003 percent from 33,836.12 basis points to 33,834.94 basis
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November 26, 2008 --
DMO to introduce first 20-year FGN bond

THE Debt Management Office (DMO) has revealed its plans to introduce the first 20-year Federal Government bond into the Nigeria Capital Market today.
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November 26, 2008 --
Ibadan zonal shareholders to organise investors' education seminar

FOLLOWING the continued down trend in the capital market, the Ibadan Zonal Shareholders Association has concluded plans to organise a two-day seminar
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November 26, 2008 --
World Banks perception of Nigerian economy amid financial crisis

Following a gradual lapse in regulatory standards and increased financial sector sophistication, the foundation of the global financial crisis was lai
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November 25, 2008 --
Analysts look to positive stock market outlook

A better performance of the Nigerian equities market has been predicated on the release of results by companies with strong fundamentals. This is co
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November 25, 2008 --
Indices, volume dip on the Exchange

THE bearish trend, which pervaded the Nigerian Stock Exchange (NSE) for the better part of last week continued yesterday, as the bears strengthened it
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November 25, 2008 --
Nigeria meets U.S. SEC, others over market recovery

IN its effort to further enhance the efficiency of the Nigerian Capital Market and thereby preventing a repeat of the recent downward trend in the mar
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November 24, 2008 --
10 firms present scorecards to NSE

NO fewer than 10 quoted companies last week presented their scorecards to the council of the Nigerian Stock Exchange (NSE) and their shareholders.
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November 24, 2008 --
Insurance stocks tickle investors

HEAVY trading in the shares of some banks in the banking sub-sector, especially First City Monument Bank Plc, last week lifted the volume of shares tr
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November 24, 2008 --
Market loses N290bn in two days over profit taking

The Nigerian stock market further dropped yesterday because of profit taking by discerning investors. The All-share index further shed 3.06 per cent t
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November 24, 2008 --
Custodian pays 7.5k interim dividend

The board of Custodian & Allied Insurance plc has given approval for the payment of 7.5kobo interim dividend for every ordinary share held by shareho
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November 21, 2008 --
Idigbe tasks SEC on share buy-back

AS stakeholders in the capital market move to put the stock market on the path of recovery, a renowned lawyer, Chief Anthony Idigbe, has tasked the Se
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November 21, 2008 --
Cornerstone okays accounting reporting standard, presents Q3 scorecard

IN order to enhance the accounting reporting standards, guidelines and provisions that would enable international best practices and full compliance w
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November 20, 2008 --
Wema Bank to increase capital base soon, says boss

AS part of efforts to meet the challenges of the competitive banking industry, the management of Wema Bank Plc, yesterday announced plans to raise its
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November 20, 2008 --
Investors laud Zenith Bank's N28.5b dividend

THE decision by the board of Zenith Bank Plc to pay a dividend of N28.5 billion, the highest ever by any financial institution, is generating exciteme
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November 19, 2008 --
Indices slide, as blue chips lose on the Exchange

THE bears, yesterday upstaged the bulls, following major price losses incurred by virtually all the highly capitalised stocks, causing the indices to
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November 19, 2008 --
Nigerian Breweries wins NSE President's Merit award

NIGERIAN Breweries Plc has emerged the winner of the prestigious yearly Nigerian Stock Exchange (NSE) President's Merit Award in the breweries sector
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November 18, 2008 --
Corporate indices rise further on the Exchange

HEAVY trading in the shares of some blue chip companies, especially in the breweries sub-sector, yesterday enhanced the reign of the bulls, causing th
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November 18, 2008 --
Nigerian investors jostle for Panalpina buyout

A PORT-HARCOURT-BASED businessman, Chief Charles Obule, has led other Nigerian investors in the buyout of Panalpina operations in the country. At a
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November 17, 2008 --
OTC records N274 billion on the Exchange

TRADING at the Over the Counter Bond Market (OTC) witnessed an increase last week, as a turnover of 275.7 million units, valued at N274.4 billion, was
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November 17, 2008 --
Mutual Alliance Savings and Loans floats N2b placement

MUTUAL Alliance Savings and Loans Limited has advised discerning foreign and local investors to avail themselves the opportunity of its current placem
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November 17, 2008 --
LAST WEEK MARKET SUMMARY AND RESULTS RELEASED, NOVEMBER 10TH - 14TH, 2008

A turnover of 2 billion shares worth N18.55 billion in 53,739 deals was recorded this week, in contrast to a total of 1.8 billion shares valued at N13
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November 14, 2008 --
NAHCO posts N805m third quarter profit

BARRING all unforeseen circumstances, the after tax profit of Nigerian Aviation Handling Company Plc (NAHCO) will hit N1 billion at the end of the cur
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November 14, 2008 --
Investors refuse to open accounts for dematerialisation of shares

SEVEN weeks to the December 31 deadline for dematerialisation of share certificates, many investors have not started the process for the dematerialisa
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November 13, 2008 --
Zenith Bank's assets base hits N2.5 trillion. - Records N52 billion after tax profit

ZENITH Bank Plc, yesterday announced an operating profit of N56.12 billion in the financial year ended September 30 2008, indicating an increase of 11
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November 13, 2008 --
Union Bank records 88 per cent growth in profit

UNION Bank of Nigeria Plc has announced an operating profit growth of 88 per cent in its financial year ended March 31, 2008, up from N17.58 billion i
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November 12, 2008 --
Blue chip stocks boost indices

HEAVY share price gains in the stocks of some blue chip companies, especially in the breweries sub-sector, yesterday jerked up the market indices furt
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November 12, 2008 --
Expert lists leasing to full market recovery

AS the stock market continued to rebound yesterday, an investment banker, Mr. Anthony Eze has suggested that the real sector of the economy be empower
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November 11, 2008 --
Market capitalisation rises on the Exchange

FOR the first time in several weeks, equity transactions in the stock market opened on a bullish note yesterday when the blue chip stocks recorded maj
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November 11, 2008 --
NIPCO records N2b profit in 2007

NIGERIAN Independent Petroleum Company (NIPCO), an indigenous downstream operator, has announced a profit before tax of N2.091 billion for the financi
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November 10, 2008 --
23 firms present scorecards to Exchange23 firms present scorecards to Exchange

ABOUT 23 quoted firms last week presented their scorecards to the council of the Nigerian Stock Exchange (NSE) and their shareholders. Specifically
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November 10, 2008 --
Stock indices rekindle investors' hope

INVESTORS whose funds were trapped in the Nigerian stock market for several months, may have cause to relax as market indices on Friday witnessed a re
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November 10, 2008 --
Shareholders blame market downturn on banks

AS shareholders continue to count their losses to the prolonged instability in the market, they have blamed the banks for their woes, accusing them of
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November 06, 2008 --
Equities record 20 price gains, rekindle investors' hope

FOR investors who have groaned under the yoke of consistent dominance of the bears for several months, light came at the end of the tunnel yesterday,
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November 06, 2008 --
Nigeria Energy Sector Fund posts N152 million profit

FROM a net income of N104.26 million recorded in 2007 financial year, Nigeria Energy Sector Fund has announced an after tax profit of N151.5 million i
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November 06, 2008 --
Equities record 20 price gains, rekindle investors hope

FOR investors who have groaned under the yoke of consistent dominance of the bears for several months, light came at the end of the tunnel yesterd
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November 05, 2008 --
Leeway to early recovery of stock market, by CIS

HARMONISATION of all policies relating to the operations and those affecting the capital market has been identified as a total bail-out option from th
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November 05, 2008 --
Shareholders seek explanation on Constain's operations

SHAREHOLDERS of Constain West Africa Plc have condemned the management's failure to disclose the money realised from the 2007 public offering and righ
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November 04, 2008 --
LafargeWAPCO posts N9 billion third quarter profit

DESPITE the unsalutory operating environment, LafargeWAPCO Plc, a cement manufacturing company quoted on the Nigeria Stock Exchange (NSE), has announc
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November 04, 2008 --
Exchange shortlists 45 firms for President's award

THE council of the Nigerian Stock Exchange (NSE) has shortlisted 45 quoted companies for the Stock Exchange's 2007 financial year's President's merit
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November 03, 2008 --
FSDH records N2.34b profit, pays 25k dividend

FOR shareholders of First Securities Discount House Limited 9FSDH), the financial year ended June 30, 2008 was better in terms of profitability and re
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November 03, 2008 --
LAST WEEK MARKET SUMMARY. 27TH -31ST OCT, 2008

A turnover of 1.1 billion shares worth N7.2 billion in 25,472 deals was recorded this week, in contrast to a total of 987.5 million shares valued at N
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October 31, 2008 --
FSDH records N2.34b profit, pays 25k dividend

FOR shareholders of First Securities Discount House Limited 9FSDH), the financial year ended June 30, 2008 was better in terms of profitability and re
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October 30, 2008 --
NGC floats N22 billion rights issue

NIGERIAN-GERMAN Chemicals Plc, a pharmaceutical and healthcare products company quoted on the Nigerian Stock Exchange, is currently issuing by way of
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October 29, 2008 --
Stock Market Dips as NSE Removes "Circuit Breaker"

e Nigerian Stock Exchange (NSE) yesterday removed the restriction of one per cent maximum downward movement of share prices as efforts to find a solut
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October 29, 2008 --
Centage Savings and Loans floats N10.5b private placement

AFTER concluding its restructuring and repositioning exercise piloted by KPMG, its financial advisory company, which made its share capital to rise fr
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October 29, 2008 --
Market indices record plunge, as Exchange reviews pricing rules

ALMOST all the highly capitalised stocks on the equity sector of the Nigerian Stock Exchange recorded price losses yesterday, causing market indices t
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October 28, 2008 --
Global financial meltdown: NDIC declares only four banks healthy

Nigeria Deposit Insurance Corporation (NDIC) on Monday shocked the banking industry with a report that out of the 24 consolidated banks in the cou
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October 28, 2008 --
Demutualisationll enhance market liquidity  NSE

The Nigerian Stock Exchange has said that the restructuring of the organisation will enhance liquidity as the market will be more diversified. The
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October 28, 2008 --
Stock market records zero gainer

The bearish trend currently rocking the capital market deepened at Mondays close of transaction as no stock recorded price appreciation. Fifty two
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October 24, 2008 --
SEC, NSE meet to review capital market

The Board of the Securities and Exchange Commission (SEC) and the Council of the Nigerian Stock Exchange (NSE), yesterday, met to review the situation
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October 24, 2008 --
FSDH grosses N2.74 billion, declares 25k dividend

Following a profit before tax of N2.74 billion at the end of its financial year, June 30, 2008, Shareholders of First Securities Discount House Limite
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October 22, 2008 --
Nigerian capital market is still strong, says SEC

DESPITE the current major meltdown being experienced in the stock market in the country, the Securities and Exchange Commission (SEC), has assured inv
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October 21, 2008 --
48 firms record loss on the Exchange

CHEVRON Oil Nigeria Plc emerged the highest price loser at the end of yesterday's transactions on the floor of the Nigerian Stock Exchange (NSE), lead
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October 20, 2008 --
OTC records N391b transactions, as indices dip by 3.21 per cent

TRADING at the Over The Counters bend (OTC) recorded an increase last week, as a turnover of 397.3 million units, valued at N391.31 billion, was excha
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October 20, 2008 --
13 firms present scorecards to the Exchange

THIRTEEN quoted companies last week presented their results to the Nigerian Stock Exchange and stockbrokers. Specifically, the Nigerian Energy Sect
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October 20, 2008 --
CIS holds yearly conference

THE yearly National Conference of the Chartered Institute of Stockbrokers (CIS) with the theme: "Sustaining The Nigerian Capital Market," holds in Ilo
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October 17, 2008 --
Why the stock market is yet to rebound, by experts

GOVERNMENT has been blamed for the unprecedented lull witnessed in the Nigerian capital market for the past six months. While the global stock mark
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October 17, 2008 --
Edu explains Evans' N312m loss

EVANS Pharmaceutical Nigeria Plc has recorded a net loss of N317 million in its 2007 operations, as against N132.2 million profit in 2007. The comp
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October 16, 2008 --
NSE Week ended Market Review as at October10

A turnover of 2.03 billion shares worth N13.0 billion in 34,233 deals was recorded this week, in contrast to a total of 735.05 million shares valued a
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October 16, 2008 --
No plan to close stock market, says NSE

CONTRARY to reports in some newspapers (not The Guardian), that the stock market may be closed soon, the management of the Nigerian Stock Exchange (NS
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October 16, 2008 --
Ecobank's N300b offer closes on Friday

TWO days to the end of the $2.5 billion (about N295 billion) hybrid offering of Ecobank Transnational Incorporated (ETI), investors, according to the
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October 15, 2008 --
Banks deny trapped funds in stock market

CONTRARY to rumours making the rounds that some top banks pencilled down to become market makers by the Nigerian Stock Exchange (NSE) have funds trap
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October 15, 2008 --
Afromedia warms up for listing, strengthens management

AHEAD of its listing on the Nigerian Stock Exchange, Afromedia Plc, Nigeria's premier advertising company has strengthened its board and management.
more>>

October 14, 2008 --
Global stock markets show signs of recovery

THERE were signs of recovery in the ailing global stock markets yesterday with indices soaring in different parts of the world. The positive signs
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October 13, 2008 --
Six firms present scorecards, as Exchange adjusts Nigerian Breweries' price

SIX companies last week presented their scorecards to th