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Friday, 21 November, 2008
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How are you affected by the market downturn on the NSE?
The Nigerian Capital Market remain volatile amid fears of a global recession and its implications on the role played by institutional investors, emerging market funds and investments by Nigerians in Diaspora and at home. Profit taking is at play....
Trading in the NSE Post the Bull Market
While investors should be encouraged to get back into the market, it is pertinent that investors and traders understand that the margin facilities and free funds that spurred the bull market pre-050308 are no longer available, because the banks are not wi
Dawn beckons at Proshare
As you might have noticed, we had a major set-back with the website on 071108. The shut down came on the heels of the major transitioning to a new server host meant to improve both the user experience and our capability to disseminate information faster a
Global Crises, SEC and the Nigerian market makers
In line with the recommendations of the Presidential Advisory Committee on the Nigerian capital market, the Securities and Exchange Commission (SEC) has approved three companies to operate as market makers.
Features Reel
Category: Q & A with CEO
CEO Q & A with MD/CEO Spring Life Assurance Plc
In this interview with Adetayo Akintunde, MD/CEO of Spring Life Assurance discusses issues relating to the company’s recapitalisation, it plans to raise fresh funds and eventually list its shares on t . . .
CEO Q & A with Homebase Mortgage Limited
In this interview with Femi Johnson, MD/CEO of Homebase Mortagage Limited discusses issues relating to the firm’s recapitalisation, its plans to raise fresh funds via Private Placement (PP) to the tun . . .
Q & A with CEO Sierra Leonean Stock Exchange
In this interview with Dr. Jallo discusses issues relating to his visit to the NSE, the proposed plans of his country to set up an Exchange and tapping into Nigerian’s wealth of experience in the ar . . .
Category: Opinion & Analysis
The I Have a Dream Speech
On the back of barack Obama\'s historic election as the 44th President of the United States of America, we decided to take a look once more at the famous speech that seems to have predicted this comin . . .
The Obama story
From Kenya village to the White House: one incredible journey.....The other children said they wanted to be doctors, nurses or soldiers, Obama\'s former teacher said. Barry wrote that he wanted to be  . . .
A Crisis of Political Economy
The current state and the current banking sector require one another; neither can exist without the other. However, by not allowing market participants to work through the distortions therein created, . . .
Category: Market Reports & Updates
Analyst Report on IAA Plc
It is easy, unscientifically, to ascribe the reason for the decline in the stock price to the downturn in the NSE. However, it is evident that at the peak price of N2.34k, the stock price was N1.40, o . . .
The Nigerian Stock Market: Near the Bottom?
Nobody has ever predicted accurately the ‘when’ and ‘how’ of bursts. Just before a major burst, experience has shown, the market will always look so promising and attract some late comers who are also . . .
Nigeria: Equity Strategy
...despite our bullish view of opportunities in Nigeria, we expect the country’s equity market to continue drifting until the current artificial market dynamics are addressed. In this report, we set o . . .
Category: Stocks & Shares Tips
The 3 most Timeless Investment Principles
Warren Buffett is widely considered to be one of the greatest investors of all time, but if you were to ask him who he thinks is the greatest investor he would probably mention one man: his teacher, B . . .
The aims, application and benefits of the new e-Dividend
e-Dividend refers to the payment of dividend due to a shareholder through a direct credit into his or her nominated bank account rather than issuance of cheque or warrant. It is convenient, secure, on . . .
Blood on Broad Street: The Bull may be on its way up..
.....we recommend that retail investors should also begin to look for buying opportunities in the market immediately; waiting until next year may be a bit too late to find bargain opportunities - Nige . . .
Category: Proshare Law
Legal Alert Oct 2008: Corporate Social Responsibility Bill
The CSR Bill does not reiterate the minimum constitutional duties that are imposed on the Nigerian government. Until all governments in Nigeria provide good leadership and governance, local and multin . . .
Nigerian Industrial Training Fund and You
A general lack of appreciation and or information on the functioning of the Industrial Training Fund could expose businesses to civil and criminal liability for non compliance with the Industrial Trai . . .
Real Estate Investments & Rent Control Laws in Nigeria.
This Alert seeks to provide an up-to-date legal information on the key two factors of rent control and recovery of possession of premises which have and continue to challenge and inhibit investments i . . .
Category: MoneyIssues
Will the N600bn Bailout Package be a Panacea for the NCM
..It is imperative that the NSE, the CBN, and the Federal government understand the fundamental problem with the Nigerian capital market before setting up a rescue plan. Additionally, the Federal gove . . .
Nigerias financial markets: Grave and present danger
All the measures by Nigeria\'s four disparate money and capital markets authorities appear half thought - through on their announcement dates and as days ran further, it became apparent to the financi . . .
Market Meltdown: The good, the bad and the ugly
The month of September saw investors stake the lowest as compared to other months in the year. In a bid to minimize losses investors have resorted to cross deals and taking considerable discount on th . . .
Category: NSE & Capital Market Ops
Introducing market making to the NCM
UBAGM ---In our study of various markets, we observed that there is no strict quote driven market besides the NASDAQ and the London SEAQS. Most markets adopt a hybrid structure with the quote driven s . . .
The fallacy of the 1% Policy as a market tool
Scrap the current policy of 1% daily allowable decline, while the 5% allowable increase is still in effect. Reinstate the former policy of the 5% upward limit and a 5% downward limit. This will allow . . .
Will the N600bn Bailout Package be a Panacea for the NCM
..It is imperative that the NSE, the CBN, and the Federal government understand the fundamental problem with the Nigerian capital market before setting up a rescue plan. Additionally, the Federal gove . . .
Category: Mutual Funds
Report on Mutual Funds Operations in Nigeria
Mutual funds represent one major vehicle to get share investing right from the start and avoid possible initial disappointments killing the investment enthusiasm. Mutual funds create a balance between . . .
Afrinvest: Mutual Fund FAQ
All you need to know about the Afrinvest Equity Mutual Fund...... . . .
Category: Pensions
Warren Buffett gives away his fortune
FORTUNE EXCLUSIVE: The worlds second richest man - who is now worth $44 billion - tells editor-at-large Carol Loomis he will start giving away 85% of his wealth in July - most of it to the Bill & Meli . . .
Living As If There’s No Tomorrow
one of the best ways to live as if there is no tomorrow is to pick up a cigarette, tap it lightly on the packet, light it and actually proceed to smoke it. Am I saying that everyone who smokes a cigar . . .
Pension Reforms Act - a critique (III)
Over the past few weeks, we have been discussing The Pensions Reform Act 2004, which is the primary statute regulating Pensions and Pensions related matters in Nigeria. . . .
Category: Frauds & Scandals
Sterling Bank Plc: Share Reconstruction - What Merit?
Open letter to the Director General of the Nigerian Stock Exchange: I need your assistance in understanding the reasoning behind this corporate action and its business values. . . .
Investors: Let Everyone Beware
..the brokers action was so unserious, contemptible and cynical that it\'s hard to imagine how they even thought of it....Where there is money, there are swindlers. It is unfortunate, but words often  . . .
Editorial: Wema Bank Plc, CBN and Matters Arising
Enough of the gamesmanship! There is a time and place for political and corporate compromises but the events of the last four days has left no one in doubt of the need for regulators to take a decisiv . . .
Category: BlogNotes
What would a Microsoft-Yahoo deal mean for web users?
Microsoft and Yahoo own some of the most popular online services in the world. Yahoo as a whole remains among the top websites; used by more than 130m people each month. But what would it mean for ord . . .
Welcome to the Proshareblog world
Proshareblog brings you quick-fire commentary from Proshare Contributors and Analysts, and offer you the chance to join the debate ....... . . .
Banks and expected challenges in 2007
Financial experts have taken a look at the countrys banking industry and concluded that their real challenges will come in year 2007. The experts reasoned that efforts in overcoming these challenges w . . .
Category: Money Diary with AA
Money, the great dictator
Money is the greatest dictator of all. It has that unquestionable power to change the way people think, talk, and act within a span of a few minutes. But unlike all other dictators the world has known . . .
A lesson learnt
I have discovered to my greatest amazement that if you live in Lagos and you are a mom trying to be moneywise while struggling to maintain your weight, keep your husband happy, and get that promotion, . . .
Of kids, budgets, and timetables
Mothering is a hard thing to do and we should all receive a monthly salary for this, but no one seems to be listening. But being a mom for the past 18 years now, I have learnt to take control by havin . . .
Category: PropertyClub
Proposed Amendments to REIT Regulations
Capital Markets - Singapore: As of the end of February 2007 there were 15 real estate investment trusts (REITs) listed on the Singapore Stock Exchange with an aggregate market capitalization of more  . . .
SKYE Shelter Fund - What It Means!
Choosing whether to invest in REIT requires the same approach for deciding which company’s share to buy. Nevertheless, there are criteria that are specific to REIT given the nature of their assets. . . .
REIT’s – Q &A
If REIT\'s invest in and own property, I suppose the most rational expectation is that the property rises at the rate of inflation. And then rental earnings as a percentage of property values should b . . .
Category: The Economy
Creating a competitive financial market in Nigeria
At present, it is really difficult to determine whether the real sector has substantially benefited proportionately from the massive capital raised by the banks and the rest of the operators within th . . .
Investment Opportunities in Africa: Prospects & Challenges
If on one hand we accept that investment opportunities abound in Africa, an important follow-up question would be; why is it that Africa has not been able to attract reasonably enough investment to al . . .
Policy strangulation forces Dunlop to end tyre production
The groundnut pyramids have disappeared, Textile industry wiped out..and today, the end of tyre manufacturing in Nigeria begins. According to a special Business Day report, Dunlop plc, is closing down . . .
Category: InvestmentClubs
CBN Sets New Rules on GDRs
a December 3, 2007 CBN circular sent to banks entitled: “Global Depository Receipts (GDRs) and Certificate of Capital Importation (CCI) Issuance requires banks to provide CBN with details of the benef . . .
Making Money through FGN Bonds
After so many years of dormancy, the FGN resuscitated the bonds market with the issuance of the first FGN Bonds in 2003 with other series in 2004, 2005. The 2006 bond was reported to be highly success . . .
Reviewing the ISA for investors benefit
Why did it take the SEC six years to review the In vestment and Securities Act 1999 (ISA) considering the place of the Act in the life of the nation’s capital market? This seems to be the question on  . . .
Category: Financial Planning
Top trends in the global capital markets business
A new McKinsey study sheds light on the likely winners in the fast-growing global capital markets. If current trends continue, Europe will overtake the Americas as the region with the biggest share of . . .
The world’s new financial power brokers
As a result of the growing importance of four rising capital markets players, the world’s financial structure is shifting. Asia’s central banks and the oil-rich countries have raised global liquidity, . . .
So you are ready to retire?
As a worker, when you retire from active service, your regular monthly income will stop. And per adventure you do not have pension savings; retirement will not necessarily mean retiring but diversion  . . .
Category: Personal Stories
Is this the start of another Great Depression?
BERKELEY, California (CNN) -- Every time the economy and stock market turn down, financial historians get predictable calls from reporters. Barry Eichengreen says strong action should be taken to stop . . .
Case Study: State BRANDING as an investment enabler
Destination branding tinkers with the identity of the place in question. It offers a deliberate and systematic communication by creating an image and building a perception of trust, credibility and th . . .
Trinity Group’s emerging concept to aid Diasporas investors
In this interview with Kamil Ademola Lamidi, the founder of Trinity Group discusses issues bordering on the financial advisory services of the Group, ways the company helps in the area of taxation and . . .
Category: Family Finances
USA Today article on Black Spending Habits
Next time you see that man flawsin in that 2005 Chrysler 300 sittin on 23s while he is pulling it into a parking stall of a rented apartment hand him this article. The only thing that is worse than be . . .
A Couples Guide To Managing Money
You marry for love, but an inability to agree on money matters may lead to the break-down of your relationship. You need to add financial intimacy to the emotional intimacy you already have, as well a . . .
What your kids need to know about money
It used to be that conservations about money and investing fell as the least talked about topics for discussion among families. These days that is changing. So what is it you should be talking to your . . .
Currency
Slides
Access Bank Seminar Session 3b - Ebenezer Olufowose
Access Bank Seminar Session 3b - Ebenezer Olufowose
SAM Convention Talk - 190408
Proshare- SAM Convention Talk - 190408
More Slides»
Reports
Equity Snapshot on StdInsure Q3 08
Standard Insurance Q32008 . . .
Total Nig Plc - Q3 2008
Total Nig Plc Equity Report - Q3 2008 . . .
Starcomms 3Q08 notes - CSL
Starcomms 3Q08 notes - CSL . . .
BCC -Q3- 2008 FSDH
BCC -Q3- 2008 FSDH . . .
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