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in DIVIDENDS - 26 Aug, 2014
by Nairametrics - 7 comments
Finance 2

As audited accounts start to trickle in companies will propose dividend payments to their shareholders as recommended by their respective boards. It is also important to track this announcements as dividend payment affect share prices both ways and also determines who is eligible for dividend based on closure of register. This page will be updated […]

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in ANALYSIS - 18 Sep, 2014
by Nairametrics - no comments

The Nigerian Banking Industry has been under intense pressure this year on the back of tightening regulations, increased cost of funds and shrinking margins. The sector has also mostly underperformed the All share index during the year with many of the stocks failing to sustain impressive capital gains for investors. This has made some people […]

in COMPANIES - 18 Sep, 2014
by Nairametrics - no comments

Preliminary Discussion on Possible Acquisition of a Downstream Asset 1. Forte Oil PLC (formerly AP PLC)  has notified The Nigerian Stock Exchange that the management of the Company has begun initial discussions with a downstream company with the intention to acquire the assets of the said company. – read more >>

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in BUSINESS NEWS - 18 Sep, 2014
by Nairametrics - no comments

1. Nigeria’s entertainment and media revenues will reach an estimated US$8.5bn in 2018, more than doubling from the 2013 figure of US$4.0bn at a CAGR of 16.1%. This represents one of the fastest growth rates in the world. – read more >>

in BUSINESS NEWS - 18 Sep, 2014
by Nairametrics - no comments

1. Reuters reports Nigeria sold 100 billion naira ($610.1 million) worth of bonds at higher yields for three- and 10-year paper while it was able to offer lower yields on 20-year benchmark debt. 2. The Debt Management Office on Thursday sold 15 billion naira of 3 year debt at 11.49 percent, 37 basis points higher […]

in BUSINESS NEWS - 18 Sep, 2014
by Nairametrics - no comments

1. A row is brewing between Zambia and Dangote Cement, a major employer in Africa’s second largest copper producer, after a government minister accused an executive at the local unit of the Nigerian company of attempting to bribe him. – read more >>

in NIGERIAN STOCKS - 17 Sep, 2014
by Nairametrics - no comments

Stanbic IBTC announced launch of its N1billion Exchange Traded Fund (ETF) this week hoping to attract multitude of passive investors, Pension funds and institutional investors both locally and abroad. Whilst this is indeed a break through it is not the first ETF in the Nigerian equity space. – read more >>

in COMPANIES - 17 Sep, 2014
by Nairametrics - no comments

Lafarge Africa, Finland’s Wartsila and the World Bank’s IFC have agreed to build a 220 megawatt (MW) gas-fired power plant in Nigeria to boost electricity supplies, they said on Wednesday. The Power Plant will help provide more electricity to about 1.4 million households. The plan is to add a 220 MW power plant to Lafarge […]

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in NAIRAPEDIA - 17 Sep, 2014
by Nairametrics - no comments

Summary VAT is a consumption tax levied at 5% on the supply of goods and services. You can claim VAT by deducting your Input Vat from your Output Vat If you are registered for VAT you must levy 5% Vat on all goods and services excepZ Zero rated items are liable to VAT but at […]

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in BUSINESS NEWS - 17 Sep, 2014
by Nairametrics - no comments

1. The umbrella body for insurance and reinsurance companies in the country, Nigerian Insurers Association (NIA) has disclosed that motor insurance business accounted for about 26 per cent of the industry gross premium income for 2012. – read more >>

in BUSINESS NEWS - 17 Sep, 2014
by Nairametrics - no comments

1. Stanbic IBTC Asset Management has opened its initial public offering for the Stanbic IBTC Exchange Traded Fund 30 (ETF 30), with 10,000,000 units of the fund available at N100 each at par. The offer closes on Wednesday, October 15, 2014. – read more >>

in BUSINESS NEWS - 17 Sep, 2014
by Nairametrics - no comments

1. Stanbic IBTC and the Nigerian Bulk Electricity Trading Plc (NBET) yesterday signed an agreement affirming the former as payment management service provider to the bulk trader. 2. Stanbic IBTC was chosen after a selection process that involved other competing banks. – read more >>

in BUSINESS NEWS - 16 Sep, 2014
by Nairametrics - no comments

Ebonyi State is planning to raise 9.34 billion naira ($57.32 million) in bonds to refinance its bank debt and complete some development projects. Nigeria’s Securities and Exchange Commission (SEC) said that the state had applied for its approval to offset existing bank loans from United Bank for Africa (UBA) and fund the building of a […]

in BUSINESS NEWS - 16 Sep, 2014
by Nairametrics - no comments

Bauchi State is seeking approval to raise 15 billion naira ($92.05 million) in bonds to fund development projects, the Securities and Exchange Commission (SEC) said on Tuesday. The SEC said Bauchi state meant to use the funds to finance the completion of an airport and a specialist hospital and to refinance existing bank loans, it […]

in ANALYSIS - 16 Sep, 2014
by Nairametrics - 2 comments

Summary Dangote Sugar share price has declined 26% in value this year to date September is already looking like the most bearish month this year Results this year haven’t been impressive as the decline in revenue reported in 2013 (compared to 2012) seemed not to have abated We explore four theories/reasons that could be the […]

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