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FMDQ Clocks 4 Yrs in Operation as Dufil Prima Foods Plc Lists its N10bn Fixed Rate Bond

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Friday, December 01, 2017 9:00AM /research@proshareng.com 

Market maintain positive outlook in the month of November 2017 as the NSEASI inched up further by +3.45% as against +3.50% uptrend recorded in the month of October 2017 while NSE ASI YTD performance stands at +41.19% at the end of the month under review. 

The Honourable Minister of Finance, Kemi Adeosun suspended the SEC DG, Mounir Gwarzo over financial impropriety levelled against him to allow for an unhindered investigation of the allegations. Two other management staffs of the commission were suspended along with the DG. 

The securities and Exchange Commission (SEC), through NIBSS, announced that December 31, 2017 will be the deadline for the free e-dividend registration as well as the termination of dividend warrant issuance. As a result of this directive, January 1, 2018 marks the commencement of direct credit of dividend payment into mandated accounts. 

The FMDQ OTC markets in its November 2017 spotlight highlighted that the 17th Naira- OTC FX Futures Contract Matured and Settled on FMDQ on Wednesday, November 29, 2017. Other activities around the FMDQ OTC market are: FMDQ Clocks 4 Years in Operation as Dufil Prima Foods PLC Lists its 10.00bn Fixed Rate Bond on the OTC Exchange and the Commencement of its Private Companies’ Bonds Noting Service. 

In this edition of The Nigerian Capital Market Service Report, we continue the updates of our data section with latest figures on Economic indicators & Upcoming Events in the market and economy. This is to ensure that we deliver a comprehensive capital market service report that helps cover and track innovations, developments as well as service issues in the market effectively. 

In all, the November 2017 SSS Quality Report is a snapshot and aide memoire of developments in our market - tracking milestones that the investing public should be aware of. Do feel free to share your opinions/observations and feedback with us vide research@proshareng.com 

Thank you.                                                                                      

For: Analyst Editorial Board

Reshu BAGGA

CEO, The Analyst

 

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