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Nigeria Related News

Nigeria equity market indices down by 0.44%

The Nigerian Stock Exchange (NSE) Market indicators on Tuesday downgraded by 0.44 per ... shares worth N2.55 billion transacted in 2,587 deals on Monday. United Bank for Africa emerged the most traded stock, trading 51.89 million shares worth N276.67 ...

From herald.ng

Private equity and venture capital fund formation in Nigeria: Some legal considerations

Olubunmi Abayomi-Olukunle is a partner at Balogun Harold, a boutique M&A and finance law firm for private equity, venture capital and strategic buyers focused on Africa.

From How We Made it In Africa

TA Associates Becomes Minority Investor in Interswitch Nigeria, Operators of Quickteller

Here's this week's wrap of the most interesting Africa-related private equity, infrastructure and venture capital deal stories, market opinion articles and information pieces on the private capital investment themes, deals and fund raises in Africa.

From www.proshareng.com

MTN Nigeria postpones listing on NSE

Nigeria’s largest telecommunications company MTN Nigeria, has postponed plans to list on the Nigerian Stock Exchange citing macroeconomic conditions. Debo Adeosun, Manager Equity Capital Markets, Stanbic IBTC Capital joins CNBC Africa for more.

From cnbcafrica.com

Nigeria misses out on $61 billion 2016 EM equity portfolio inflows

The Nigerian Stock Exchange (NSE) lost $15 million (N4.5 billion) of foreign equity investments in 2016 as it missed ... significantly to depressed prices in the securities market of Africa’s biggest economy. The portfolio investors would have exited ...

From Businessday

NSE RoundUp! Nigerian equities lose N83bn in emerging markets slump

Investors ran to the safety of the advanced markets ... for Africa Plc were the most active stocks, jointly accounting for 738.698 million shares worth N6.910 billion in 4,205 deals, contributing 53.24 per cent and 50.34 per cent to the total equity ...

From ripplesnigeria.com

Google’s Launchpad Accelerator expands to Kenya, Nigeria and South Africa

Startups from Kenya, Nigeria and South Africa are eligible to apply ... and 31 startups currently participating. The equity-free program accepts applications from late-stage tech startups in emerging markets. The six-month training begins at the Google ...

From PC Tech Magazine

South Africa’s insurer to acquire 75% equity in Nigeria’s UNIC Insurance

Part of Liberty’s strategy is to grow its presence in West Africa through long-term insurance business and entering the asset management business. “We see Nigeria as a market of the future,” Liberty Chief Executive Thabo Dloti said. “It may be ...

From africabusinesscommunities.com

South Africa’s insurer eyes 75% equity in Nigeria’s UNIC Insurance @ N3.72bn

Part of Liberty’s strategy is to grow its presence in West Africa through long-term insurance business and entering the asset management business. “We see Nigeria as a market of the future,” Liberty Chief Executive Thabo Dloti said. “It may be ...

From Vanguard

NSE RoundUp! Nigerian, African equities in modest rally amidst global pause

African equities largely played the contrarian stocks in a global stock market that traded mostly in negative last ... thus contributing 75.14 per cent and 35.71 per cent of the total equity turnover volume and value respectively. The consumer goods ...

From ripplesnigeria.com

AGI Markets Monitor: OPEC reaches oil deal, Mozambique defaults, and Nigeria manages its exchange rate

The MSCI Emerging Markets Index increased by 11.3 percent in dollar terms ... decreasing as the value of their currencies declined against the dollar. South Africa’s equity index, on the other hand, grew in dollar terms by 11.0 percent in 2016 as its ...

From Brookings

Nigerian equity market drops further by 0.55%

Also, the market capitalisation which opened at N8.818 trillion shed ... Fidelity Bank followed with an account of 25.09 million shares worth N21.80 million and United Bank for Africa traded 22.20 million shares valued at N108.14 million.

From authorityngr.com

Nigerian equity market drops further by 0.55%

Also, the market capitalisation, which opened at N8.818 trillion ... Fidelity Bank followed with an account of 25.09 million shares worth N21.80 million and United Bank for Africa traded 22.20 million shares valued at N108.14 million.

From www.today.ng

Nigeria’s bourse equity trading falls 40 pct in 2016 as investors fret over currency

Equity investments ... crippled the economy. Africa’s biggest economy is battling its first recession in 25 years amidst galloping inflation and a weakening currency, which has led foreign investors to flee its financial markets. The government’s ...

From naija247news.com

Arkana Partners announces new fund targeting Nigerian businesses requiring $20-$60 million

adding that while the emphasis will be on private equity investments the new firm will be flexible in its approach. “You need to bring your entire tool bag to the market. (In Africa) you can’t just say you’re only going to do buy-outs or just ...

From asokoinsight.com

This New Private Equity Firm Will Target Business In Nigeria That Need $20-$60 Million

adding that while the emphasis will be on private equity investments the new firm will be flexible in its approach. “You need to bring your entire tool bag to the market. (In Africa) you can’t just say you’re only going to do buy-outs or just ...

From nairametrics.com

Nigeria: Operators Want Govt to Float Jvs Equity On NSE

Capital market operators have called on the Federal Government to dilute its equity holdings in the Joint Venture (JV) oil and gas operations in Nigeria and list some percentage of its shares on the Nigerian Stock Exchange (NSE), which lists companies ...

From AllAfrica

Nigeria: Experts Predict Boom On Stocks

According to experts, the remaining three trading days in 2016, from today through Friday December 30, the equity market will most likely report positive result. The expectations, however, came on the strength of the fact that institutions investors would ...

From AllAfrica

Nigeria: Equities Market Sustains Positive Momentum On Bargain Hunting

The equity market maintained its positive momentum on Friday as the ... Other top price gainers are: Honeywell Flour Mills Plc (8.1 per cent); African Prudential Registrars Plc( 7.4 per cent); and N.E.M Insurance Plc (5.4 per cent). On the contrary ...

From AllAfrica

Nigeria The Target Of Largest Fundraising Round To Date In Off-Grid Solar Market

It’s the biggest fundraising round to date for the off-grid solar market, and hopes to provide cheaper and cleaner alternatives to kerosene for millions of people living in Africa ... an additional $40 million in equity coming from a group led ...

From AFKinside

Nigerian equity market loses 0.06 per cent

Activities on the Nigerian Stock Exchange, NSE, resumed on Monday, still on a negative note with the market indices depreciating by 0.06 per cent. The News Agency of Nigeria reports in Lagos that the market capitalisation shed N5 billion to close at N8.715 ...

From africabusinessworld.com

Jason Njoku: Why 50 million in revenue is a big deal for Nigerian entrepreneurs

This is the fastest-growing segment of African targets — but it remains off the radar of most large private equity funds and principal investors ... GTBank currently enjoys the largest market cap on the Nigerian Stock Exchange.

From venturesafrica.com

Nigerian Stock Exchange: All-share Index, Market Capitalisation dip Monday

Activities opened for the week on Monday on the Nigerian Stock Exchange, NSE, still on a negative trend, as the market awaits outcome of the last ... followed with a gain of 26k to close at N5.51 and Africa Prudential Registrar grew by 10k to close at ...

From africabusinessworld.com

How will Donald Trump’s victory affect Nigeria’s economy?

In an interview with Ventures Africa Anointing Momoh, a Research Associate at Centre ... VA: What will be the effect of Trump’s victory on the equity market? AM: Investors look at domestic economic performance, outlook, and yields in deciding whether ...

From venturesafrica.com

Nigerian Equities Market Records Third Consecutive Weekly Decline

Daily Market Performance Summary A decline in a number of highly capitalised stocks depressed the equity market to open the week on a ... the depreciation recorded in the share prices of United Bank for Africa, Unilever, Access Bank, Transcorp and GTBank ...

From AllAfrica

Nigeria Stock Exchange index rebound

Nigeria's equity market finished the session higher for the first time in six trading days on Thursday with the NSE All Share Index up 0.18 per cent to close at 26,221 points. Tosin Ojo, Head Research at Cardinalstone Partners joins CNBC Africa for more.

From cnbcafrica.com

Nigeria Stock Exchange market capitalisation loses N180 billion Tuesday

The Nigerian equity market on Tuesday depreciated further with the market ... Forte Oil came second with a loss of N5.98 to close at N113.72, while Lafarge Africa dropped N2.74 to close at N52.14 per share. Okomu Oil was down by N2.30 to close at N44.70 ...

From africabusinessworld.com

Nigeria’s Equity market capitalisation loses N180bn Tuesday

The Nigerian equity market on Tuesday depreciated further with the market ... Forte Oil came second with a loss of N5.98 to close at N113.72, while Lafarge Africa dropped N2.74 to close at N52.14 per share. Okomu Oil was down by N2.30 to close at N44.70 ...

From naija247news.com

Nigeria: Equities Investors Count Losses As Market Remains Under Pressure

Daily Market Performance Summary Trading had opened for the week on a bearish note on Monday as the NSE ASI declined by 0.27 per cent to close at 27,220.09 , triggered by losses in the share prices of Zenith Bank, Lafarge Africa, GT Bank, Oando and Flour ...

From AllAfrica

Nigerian equity market drops further by 0.35%

Transactions resumed on the Nigerian Stock Exchange (NSE) on Monday still on a negative posture with the market indices sliding by 0.35 per ... of the activity chart indicated that United Bank for Africa emerged the most active in volume terms, having ...

From The Nation

Nigerian stock market starts week negative

The Nigerian equity market opened the week on a negative note with the NSE ... Winston Osuchukwu, Managing Director at First Ally Asset Management joins CNBC Africa for more.

From cnbcafrica.com

Nigerian equity market records 0.12 per cent growth

The market capitalisation of the Nigerian Stock Exchange, NSE, on Tuesday appreciated by N11 billion or 0.12 per cent to close at N9.360 trillion due to marginal gains recorded by some blue chips. The News Agency of Nigeria reports that this was against N9 ...

From africabusinessworld.com

Nigeria: Equities Market Bearish As Investors Adopt Cautious Trading

Similar to the previous trading session, performance across sectors was bearish as all indices closed in the red save for the Industrial Goods index which rose 0.3 per cent on account of bargain hunting in Lafarge Africa Plc(+0.8 per cent). The market ...

From AllAfrica

Nigerian property crash attracts brave investors betting for the long-term

Funke Okubadejo, real estate director for Actis, another South African private equity fund, said Nigeria provided “a compelling market opportunity”. Actis has completed two shopping malls in Lagos, another was completed in Abuja in December 2015 and ...

From africanbusinesscentral.com

Nigeria’s Property Market Crash Attracts Funds Looking Beyond Recession

NO SHORTAGE OF RISKS Funke Okubadejo, real estate director for Actis, another South African private equity fund, said Nigeria provided “a compelling market opportunity”. Actis has completed two shopping malls in Lagos, another was completed in Abuja in ...

From naija247news.com

AFRICA BUSINESS-Nigerian property crash attracts funds looking beyond recession

NO SHORTAGE OF RISKS Funke Okubadejo, real estate director for Actis, another South African private equity fund, said Nigeria provided "a compelling market opportunity". Actis has completed two shopping malls in Lagos, another was completed in Abuja in ...

From Reuters

Stock market sustains rally as 31 equities gain

United Bank for Africa, UBA Plc and Portland Paints & Products Nigeria Plc. The action resulted in 1.64 per cent increase in the equity primary indicators – the market capitalisation and the All Share Index, ASI. Specifically, the market capitalisation ...

From Vanguard

Private equity firm TA Associates announces minority investment in Interswitch

TA Associates, a leading global growth private equity firm, announced on Monday it has acquired a minority equity interest in Interswitch, an Africa-focused integrated ... in an emerging and rapidly growing market in Nigeria,” said Naveen Wadhera ...

From africanbusinesscentral.com

Africa’s Maturing Private Equity Market: Trends Investors Are Watching

More than 200 African private equity deals were reported over the past year. Almost a third of them were in South Africa, but the potential in Nigeria is mind boggling. The transaction activity is expected to continue into 2017, with a good pipeline of ...

From AFKinside

Google’s Launchpad Accelerator expands to Europe and Africa

The equity-free program accepts applications from late ... and continued support from Google back in their home country. These are the markets that can apply starting today: Africa: Kenya, Nigeria, and South Africa Europe: Poland, Czech Republic, and ...

From VentureBeat

NSE index down 0.62%, as AIICO, AFRIPRUD, Fidson lead losers

WorldStage Newsonline-- Lead market indices of the Nigerian Stock Exchange settled ... AIICO led 19 stocks that declined with a loss of 8.33 percent to close at 55 kobo, followed by Africa Prudential Registrars, which shed 5.57 percent to close at N2.88 ...

From World Stage

Better returns ahead expected for African equities

Most African equity markets had a difficult 2016, generating negative dollar returns. The worst performers were Egypt and Nigeria, which fell 47% and 41% respectively, while the standout performer was Morocco, returning 26%. Kenya, the other large ...

From asokoinsight.com

Foreign exchange risk hindered investment in 2016-Report

Pwc in its 2016 Africa Capital Market Watch report released on its website on Thursday said that investments to Nigeria declined due to disconnect between official and parallel rates for the Naira. The pwc report explored new primary market equity Initial ...

From herald.ng

African Markets - Factors to watch on Feb 3

SOUTH AFRICA MARKETS South Africa's rand hit a one-week high on Thursday ... which have contributed to it sliding into its first recession in over two decades. NIGERIA EQUITY VOLUMES Share dealing on Nigeria's bourse dropped 40 percent to 1.15 trillion ...

From Reuters

African Markets - Factors to watch on Feb 3

SOUTH AFRICA MARKETS South Africa's rand hit a one-week high on Thursday ... which have contributed to it sliding into its first recession in over two decades. NIGERIA EQUITY VOLUMES Share dealing on Nigeria's bourse dropped 40 percent to 1.15 trillion ...

From Reuters

Ghana Securities and Capital Market

The conference will reach out to the professionals from the Banks, Private Equity Firms, Local Regulators ... Aiming at the potent capital market integration, Africa welcomed a glorious advent of cross-exchange trading between Ghana and Nigeria Exchanges ...

From africabusiness.com

Naira volatility: NSE equity trading shed 40% in 2016

Share dealing on the Nigerian Stock Exchange fell by 40 per cent to N1.15tn ($3.8bn) in 2016, the bourse said on Thursday, as foreign investors sold equities following the rising volatility of the naira and the illiquid foreign exchange market. The main ...

From Punch

African Markets - Factors to watch on Feb 3

SOUTH AFRICA MARKETS South Africa's rand hit a one-week high on Thursday ... which have contributed to it sliding into its first recession in over two decades. NIGERIA EQUITY VOLUMES Share dealing on Nigeria's bourse dropped 40 percent to 1.15 trillion ...

From Reuters

Equities market gains marginally as 23 stocks advance

The Nigerian equity market closed on a positive note on Wednesday as 23 stocks ... The industrial goods sector traded higher after Lafarge Africa Plc rose by one per cent. The consumer goods sector also appreciated marginally amid mixed performances ...

From Punch

Equity Market Resumes Downtrend as MPC Maintains Status Quo

Telephone: 0700 PROSHARE (070077674273) Some of our Trademarks are: WebTV, TheAnalyst, Proshare, Personal Finance, The Nigerian Capital Market Reports, Money Africa, The Nigerian Investor, Making Money in the Nigerian Capital Market, Investor Relations ...

From www.proshareng.com

Equity Market Resumes Downtrend as MPC Maintains Status Quo

Telephone: 0700 PROSHARE (070077674273) Some of our Trademarks are: WebTV, TheAnalyst, Proshare, Personal Finance, The Nigerian Capital Market Reports, Money Africa, The Nigerian Investor, Making Money in the Nigerian Capital Market, Investor Relations ...

From www.proshareng.com

Equities Market Rebounds on Gains by Banking Stocks

The stock market bounced back with the Nigerian Stock Exchange (NSE ... Fidelity Bank Plc appreciated by 8.4 per cent, just as Sterling Bank Plc, African Prudential Registrars Plc, and Continental Reinsurance Plc garnered 7.1 per cent, 5.6 per cent ...

From This Day Live

Financing Innovation in Africa: The Last Middle

A professionally managed venture capital market is crucial for economic development because ... we are partnering with a global private equity firm to endow Africa’s first Centre for the Study of Venture Capital and Private Equity in one of Nigeria ...

From www.proshareng.com

NSE 2016 Market Recap and Outlook for 2017

Further indication of the equity market’s link to economic dynamics is reflected ... International Events: Hosted the Building African Financial Markets (BAFM) capacity building seminar held outside South Africa for the first time; the Nigerian capital ...

From www.proshareng.com

NSE 2016 Market Recap and Outlook for 2017

Further indication of the equity market’s link to economic dynamics is reflected ... International Events: Hosted the Building African Financial Markets (BAFM) capacity building seminar held outside South Africa for the first time; the Nigerian capital ...

From www.proshareng.com

2017: NSE optimistic of stock market, economic recovery

Operators in the Nigerian Stock Exchange on Thursday expressed optimism that the nation’s economy and the equity market would ... integration efforts via African Securities Exchange Association and African Capital Market Integration programmes to enhance ...

From www.today.ng

Trumponomics: Why African Countries Need To Trade More Among Themselves

South African President Jacob Zuma and Nigerian President ... economic impact of a Donald Trump presidency in the U.S. In recent weeks, global equity and commodity markets have rallied in anticipation of more expansionary fiscal policy and the possibility ...

From AFKinside

Feature: A time for equity

A parallel market operated by the GSE ... 60% per annum – and represents a readily accessible source of funding for private equity. While other African countries such as Nigeria, Kenya, South Africa and Botswana allow pension funds to allocate between ...

From Ghana Web

Deepening Financial Sector Requires Greater Access To Private Pools of Equity Capital

A parallel market operated by the GSE ... 60% per annum – and represents a readily accessible source of funding for private equity. While other African countries such as Nigeria, Kenya, South Africa and Botswana allow pension funds to allocate between ...

From ghanastar.com

Naira Ranks One Of The Worst Global Currencies In 2016

The Nigerian equity market fared worst in the year ... in terms of spot returns. Two Africa currencies, the Zambian kwacha and South African rand, emerged as the sixth and seventh best performing currencies of the world. The kwacha and rand appreciated ...

From ladunliadinews.com

GTI 5 Weekly Stock Picks -191216

The Nigerian equity market on Friday gained a further 0.56% to close the week ... in an economy awash with opportunities like the Nigerian economy. Dangote Cement is Africa's leading cement producer with three plants in Nigeria and plans to expand into ...

From www.proshareng.com

Dutch fund DOB Equity invests in Nyahururu based Countryside Dairy

Dutch family fund, DOB Equity, has invested in a Nyahururu ... and powder milk plant in Nyahururu, while Africa’s richest man, Aliko Dangote of Nigeria, wants to set up a dry milk factory in the country. The market is dominated by Brookside Dairies ...

From Business Daily Africa

Africa Finds Power Off the Grid

Today, the most active markets are in East Africa, where mobile money penetration is highest ... led a $19 million round of equity raised by M-Kopa last December. And on December 1, Lumos Global, an off-grid solar company active in Nigeria, announced ...

From MIT Technology Review

GTI 5 Weekly Stock Picks - 281116

The Nigerian equity market on Friday shed 0.62% to close the week in negative ... Okomu OilPalm (-9.68%), Forte Oil (-8.99%), UACN (- 4.28%), Stanbic-IBTC (-3.62%), Lafarge Africa (-3.17%), Julius Berger (-3.05%), Zenith Bank (- 1.13%) and Dangote Cement ...

From www.proshareng.com