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Announcements
Jul 03, 2009
SECURITIES TRADING SIMULATION GAME (STS GAME) AUGUST 7 - 9, 2009
The Financial Markets Dealers Association of Nigeria hereby invites nomination(s) from institutions for the Securities Trading Simulation (STS) Game scheduled for August 7th ?? 9th, 2009, at Protea Oakwood Hotel, Lekki, Lagos. ...more
REPURCHASE AGREEMENT AND INTEREST RATES DERIVATES WORKSHOP (JULY 13 - 15, 2009)
The Financial Markets Dealers Association of Nigeria in collaboration with ICAP South Africa hereby invites nominations from institutions for the Repo and Interest Rate Derivatives Workshop scheduled to hold on July 13 - 15, 2009 at Protea Oakwood Hotel, Lekki, Lagos ...more
INTERMEDIATE TREASURY MANAGEMENT COURSE (AUGUST 6 - 7, 2009)
Treasury is the nerve centre of the Bank or any other organization. With the recent developments in the Nigerian Financial Sector, financial institutions now have large funds that must be managed effectively to generate the kind of returns that the stakeholders are expecting in the face of stiff competition, regulatory operations and inherent risk exposures. ...more
Tenor Swap Forward Fixings Date
Spot 147.7600 / 147.8600 03 Jul, 2009
30 Day 2.6256 / 2.6274 150.3856 / 150.4874 03 Jul, 2009
60 Day 5.2500 / 5.2535 153.0100 / 153.1135 03 Jul, 2009
90 Day 7.8730 / 7.8783 155.6330 / 155.7383 03 Jul, 2009
180 Day 15.7343 / 15.7450 163.4943 / 163.6050 03 Jul, 2009
Tenor Rate Chng Date
Call 21.4167 0.12 03 Jul, 2009
7 Day 21.5833 0.43 03 Jul, 2009
30 Day 21.6250 0.14 03 Jul, 2009
60 Day 21.7083 -0.04 03 Jul, 2009
90 Day 21.8750 0.00 03 Jul, 2009
Tenor Rate Chng Date
1 Month 3.4317 -0.03 03 Jul, 2009
2 Months 3.4705 -0.01 03 Jul, 2009
3 Months 3.7345 -0.03 03 Jul, 2009
6 Months 4.0543 -0.16 03 Jul, 2009
9 Months 4.1987 -0.17 03 Jul, 2009
12 Months 4.3512 -0.18 03 Jul, 2009
Tenor Amount (N'millions) Rate Issue Date
91 Day 15,000.00 2.90 04 Jun, 2009
182 Day 30,000.00 4.85 04 Jun, 2009
1 Year 30,000.00 6.00 04 Jun, 2009
Capital Market News
Jul 03, 2009
Beta Glass Shareholders Query Payment to Technical Partner
Shareholders of Beta Glass Company Plc have queried the company’s management for paying a total of N272.4 million to its technical partner, Delta-Invest Holdings Limited, based in Cyprus . ...more
NSE: Nestle reverses gains, tops losers' group
The index continued its upswing on the Lagos floor of the Nigerian Stock Exchange (NSE) on Thursday as the bulls continued to dominate activities even as Nestle reversed its earliest gains to top the losers' group. ...more
Afribank Staff Donates to Kidney Patient
Afribank Staff, through its Charity Fund has responded to the save-a-soul appeal for the little Miss Ifeoluwa Adeyemi, the seven-year-old girl receiving treatment for kidney related problem at St. Nicholas Hospital, Lagos. ...more
Jul 02, 2009
Cornerstone Insurance posts N3.8b premium, N419m loss
CORNERSTONE Insurance Plc has declared a gross premium of N3.81billion for the financial year ended December 31,2008, as against N2.78 billion recorded in 2007. ...more
Crusader wins best sector leader award
CRUSADER Nigeria Plc has won the best sector leader award in insurance and other financial institutions sector for the year 2008. ...more
Law Union announces change in top mgt
THE board of Law Union and Rock has announced a change in its executive management following the exit of Mr. Olumide Falohun as managing director/chief executive. ...more
Starcomms declares N34.50b revenue in 2008
FOR the financial year ended December 31, 2008, Starcomms plc has declared a net revenue of N34.50b, an increase of 80.3 per cent over N19.14billion recorded in 2007. ...more
Market indices rise further by 1.3 per cent, as blue chips buoy transactions
THE bulls, yesterday, maintained dominance on the equity sector of the Nigeria Stock Exchange (NSE), following continuous price appreciation by blue chip stocks, causing market indices to rise further by 1.3 per cent. ...more
Access Bank declares 70k dividend for shareholders
ACCESS Bank Plc has boosted the morale of its shareholders by declaring a dividend of 70 kobo per share from its operations for the year ended March 31, 2009. ...more
Jul 01, 2009
Omatek unveils world’s smallest desktop PC
Indigenous Computer manufacturers, Omatek ventures Plc Monday, unveiled the smallest desktop PC , it tagged the Omatek handtop PC. ...more