October 29th, 2008 Ikechukwu Emelike || ikechukwu@stockmarketnigeria.com
The last is yet to be heard from Union Bank Nigeria plc as it posted an excellent financial year end result together with a dividend payment and bonus issue. The company which recently shelved its plans to raise additional funds from the market due to certain reasons perceived to be connected to the current situation [...]
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Posted in Stock Market News | No Comments »
October 28th, 2008 Tunde Brown || tunde.brown@stockmarketnigeria.com
Despite the financial crisis which has plagued the global economic landscape, churning out scandals of inconceivable proportions in the global financial sector, International Finance Company (IFC) has demonstrated exceptional confidence in Access Bank Plc. IFC, an arm of the World Bank had earlier loaned a $15 million unsecured, subordinated convertible facility to Access Bank. The [...]
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Posted in Stock Market News | 6 Comments »
October 28th, 2008 Ogbuotobo Chuks || chuks@stockmarketnigeria.com
As expected, some Nigerians have had some nasty experiences with office and counter attendants of ABC Transport plc at various times. Some mails have started coming in and one was from Sunday Afolabi in Lagos. His ordeal is detailed below.
“I had similar experience at the ABC office in Lagos.After the attendant had ascertained the [...]
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Posted in Corporate Governance vs Profitability | 1 Comment »
October 27th, 2008 Ogbuotobo Chuks || chuks@stockmarketnigeria.com
The DARR communications offer has come and gone while the company has also being listed on the floor of the Nigerian stock exchange. Apart from the general downward trend that has bewildered the Nigerian market as well as the world markets in general, all seems to be well with the company.
This is evident as [...]
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Posted in Public Offers | 21 Comments »
October 26th, 2008 Ikechukwu Emelike || ikechukwu@stockmarketnigeria.com
Expansion, the process of increasing in size or the act of making a company or business larger by opening new shops, factories, ideas e.t.c all with the sole aim of bringing in profit was the subject of discourse at the company’s annual general meeting held recently in Ondo state.
Declaring the company’s plan to seek for [...]
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Posted in Public Offers | 4 Comments »
October 25th, 2008 Ogbuotobo Chuks || chuks@stockmarketnigeria.com
A recent visit to ABC Transport plc a couple of weeks ago sparked some serious concerns in my head that i believe all investors should seriously consider. I believe that what i experienced, although not for the first time is such that most other people go through on a daily basis. My ordeal is detailed [...]
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Posted in Corporate Governance vs Profitability | 3 Comments »
October 25th, 2008 Ogbuotobo Chuks || chuks@stockmarketnigeria.com
Hello there to all you are dear readers. Its nice to know that in the midst of all that has been happening in last 6months or more with respect to the Nigerian stock exchange, you are still hanging in. As some would say, “there is light at the end of the tunnel”.
In view of all [...]
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Posted in Corporate Governance vs Profitability | No Comments »
