FTN Cocoa Processors struggles to avoid collapse

FTN Cocoa Processors struggles to avoid collapse    The Punch Feyisayo Popoola FTN Cocoa Processors Plc is facing a threat to its continuity as its bankruptcy issue heightens. The firm, which has not held an... read more

FTN explains reasons for lapse in the AGMs

FTN explains reasons for lapse in the AGMs    Nairametrics FTN Cocoa Processors Plc released a report on the 8th of March 2019, stating the reasons behind the temporal lapse in the conduction of their annual General ... read more

NSE lifts suspension on FTN Cocoa Processors’ shares

NSE lifts suspension on FTN Cocoa Processors’ shares    The Punch Feyisayo Popoola. The Nigerian Stock Exchange has announced the lifting of the suspension it placed on trading in the shares of FTN Cocoa Processors Plc. read more

Cocoa processors groan under N50bn debt, huge losses

Cocoa processors groan under N50bn debt, huge losses    Punchng Cocoa processors are currently regretting sinking billions of naira into the cocoa value addition business with little or nothing to show for it ev... read more

EDE COCOA FACTORY AND JOB CREATION

EDE COCOA FACTORY AND JOB CREATION    THISDAY Newspapers Monday letter2. Former Governor Rauf Aregbesola reminded me that if we don't process cocoa but continue to export it raw to other countries, we would only ... read more

Slow Reform Progress In Nigeria To Weigh On Cocoa Grindings

Slow Reform Progress In Nigeria To Weigh On Cocoa Grindings    Fitch Solutions We have maintained our 2018/19 cocoa production forecasts for Nigeria as favourable weather continues to benefit the ongoing season. Over the long term, ... read more

NSE Suspends Trading In shares Of FTN Cocoa, IEI, 4 Others

NSE Suspends Trading In shares Of FTN Cocoa, IEI, 4 Others    Leadership Newspaper The Nigerian Stock Exchange (NSE) yesterday suspended trading in the shares of FTN Cocoa Processors Plc, International Energy Insurance Plc and four other ... read more

NSE fines 38 firms N429.5 million over 52 offences

NSE fines 38 firms N429.5 million over 52 offences    Nairametrics No fewer than 38 firms will pay a fine totalling N429.5 million. The fine was imposed by the Nigerian Stock Exchange (NSE) over the firms' failure to file their ... read more

Corporate Actions on the NSE week to date November 16 2018

Corporate Actions on the NSE week to date November 16 2018    Nairametrics Highlight of corporate actions held this week were the lifting of the suspension placed on 5 companies and a SEC's instruction to NEM to hold a *fresh* AGM. read more

Financial statements: NSE slams N429.5m fines on 38 firms

Financial statements: NSE slams N429.5m fines on 38 firms    The Punch FEYISAYO POPOOLA examines the fines imposed on firms listed on the Nigerian Stock Exchange for late filing of financial statements last year as wel... read more

Nigeria needs export tariffs to realize cocoa potential: PwC

Nigeria needs export tariffs to realize cocoa potential: PwC    ConfectioneryNews.com Nigeria is the world's sixth largest cocoa producer, but has scope to significantly boost its output and processing capacity, according to a report by ... read more

CORPORATE GOVERNANCE FAILURE: More firms attract NSE sanctions for flouting post listing rules

CORPORATE GOVERNANCE FAILURE: More firms attract NSE sanctions for flouting post listing rules    Vanguard THE number of quoted firms sanctioned by the Nigerian Stock Exchange, NSE, for flouting its post listing rules rose by 28 percent in 2018 reflecting decline in ... read more

20 firms risk delisting from stock market

20 firms risk delisting from stock market    The Punch Feyisayo Popoola. Twenty companies listed on the Nigerian Stock Exchange risk being delisted, our correspondent has learnt. According to data obtained from ... read more

84,000 lose jobs as 16 cocoa companies go under

84,000 lose jobs as 16 cocoa companies go under    Guardian Nigeria Over 84000 Nigerians have lost their jobs in the cocoa value chain industry while about 16 companies have folded up in the last 10 years. read more

Corporate Actions on the Nigerian Stock Exchange WTD April 5 2019

Corporate Actions on the Nigerian Stock Exchange WTD April 5 2019    Nairametrics Here is a rundown of corporate actions that took place on the Nigerian Stock Exchange for the trading week ended April 5, 2019. read more

Stocks to watch on the NSE week to date October 19 2018

Stocks to watch on the NSE week to date October 19 2018    Nairametrics Stocks to watch this week largely comprises companies that will be having board meetings to consider their Q3 2018 results. read more

Corporate Actions on the NSE week to date October 19 2018

Corporate Actions on the NSE week to date October 19 2018    Nairametrics Corporate Actions on the Nigerian Stock Exchange, for the trading week ending October 19, 2018 are mostly board meetings to approve Q3 2018 results. read more

NSE Lifts Suspension on Unity Bank

NSE Lifts Suspension on Unity Bank    THISDAY Newspapers By Goddy Egene. The Nigerian Stock Exchange (NSE) on Friday lifted the trading suspension placed on the shares of Unity Bank Plc barely one day after the ... read more

Lafarge emerges stock market’s biggest loser in 2018

Lafarge emerges stock market’s biggest loser in 2018    The Punch Lafarge Africa Plc has emerged the biggest loser in the nation's stock market in 2018. The company closed 2018 with a year-to-date loss of 72.27 p... read more

Dangote Cement Plc leads listed non oil exporters in the country

Dangote Cement Plc leads listed non oil exporters in the country    Nairametrics Dangote Cement Plc ranked first amond the13 top listed non oil exporters in the country. The company exported $21.4 million worth of cement last year. read more

Corporate Actions on the Nigerian Stock Exchange WTD March 22 2019

Corporate Actions on the Nigerian Stock Exchange WTD March 22 2019    Nairametrics UBA and Access Bank results were the highlights of corporate actions for last week. This week should see CAP, Unilever and 11 Plc releasing FY 2018 results. read more

Nigerian Stock Exchange suspends trading on shares of 6 companies - african

Nigerian Stock Exchange suspends trading on shares of 6 companies    african-markets.com The Nigerian Stock Exchange has suspended trading in the shares of the 6 companies below, effective from 8 October 2018: read more

14 companies responsible for 50% capital market infractions – Report

14 companies responsible for 50% capital market infractions – Report    Daily Trust Fourteen insurance companies were responsible for 50.4 per cent of the total penalties meted out by the Nigerian Stock Exchange, amounting to N339.5 million ... read more

Stock market investors lose N1.89tn in 2018

Stock market investors lose N1.89tn in 2018    The Punch Feyisayo Popoola Investors in the nation's stock market lost a whopping N1.89tn last year amid instability in the market. 2018 began on a positiv... read more

5 lowest priced stocks on the Nigerian Stock Exchange

5 lowest priced stocks on the Nigerian Stock Exchange    Nairametrics The Nigerian Stock Exchange (NSE), in January this year, moved the minimum price floor from N0.50 to N0.10, and several penny stocks, mostly from the ... read more

Currency devaluation, forex, cost of fund push firms to N10 billion losses

Currency devaluation, forex, cost of fund push firms to N10 billion losses    Guardian Nigeria Five manufacturing companies quoted on the Nigerian Stock Exchange (NSE) were among the big losers in the 2017 financial year, which presented ... read more

JAIZBANK, JAPAUL and 40 Others Trade Below 50kobo as at November 15, 2018

JAIZBANK, JAPAUL and 40 Others Trade Below 50kobo as at November 15, 2018    Proshare Nigeria Limited Jaiz Bank Plc (JAIZBANK), Japaul Oil and Maritime Services Plc (JAPAUL) and forty other equities traded below their nominal value at the Nigeria's stock market ... read more

Fidelity Bank, Skye Bank, Unity Bank, Others Risk Sanctions

Fidelity Bank, Skye Bank, Unity Bank, Others Risk Sanctions    Business Post Nigeria Not less than 28 companies trading their shares on the Nigerian Stock Exchange (NSE) risk being sanctioned by the regulator for failing to meet post-listing ... read more

BEWARE: These are the worst penny stocks this year so far

BEWARE: These are the worst penny stocks this year so far    Nairametrics Newbie retail investors have a thing for penny stocks and it is quite understandable. Penny stocks have a very low price per share and fall within a price range of ... read more

Nigeria: Stock Market Bleeds On Political Uncertainties

Nigeria: Stock Market Bleeds On Political Uncertainties    AllAfrica.com Concerns over the upcoming 2019 general election as well as the cautious stand adopted by Foreign Portfolio Investors, FPIs, and other domestic portfolio ... read more

Japaul remains investors toast, records 53.97% gains

Japaul remains investors toast, records 53.97% gains    Vanguard Japaul Oil and Maritime Services Plc remained the investors toast throughout this week as its share price rose by whopping 53.97 percent to lead 44 other ... read more

NSE to sanction Fidelity Bank, others for late filing of reports

NSE to sanction Fidelity Bank, others for late filing of reports    Nairametrics The Nigerian Stock Exchange (NSE) has announced plans to sanction 28 companies for failing to meet post-listing requirements. read more

Weekly Economic Index: Nigeria’s foreign reserves increase by $3.2 billion, Naira depreciates, latest IMF assessment

Weekly Economic Index: Nigeria’s foreign reserves increase by $3.2 billion, Naira depreciates, latest IMF assessment    Ventures Africa Below is the Ventures Africa Weekly Economic Index for Nigeria, for the week ending 9th of March 2018. read more

14 insurance companies, 5 others may face hostile take-overs

14 insurance companies, 5 others may face hostile take-overs    Vanguard Another 19 still in limbo. By Nkiruka Nnorom. A TOTAL of 19 quoted companies may now be under threat of hostile take-over in the Nigerian Stock Exchange, ... read more

Investors dump Cadbury shares despite 200% profit growth, dividend

Investors dump Cadbury shares despite 200% profit growth, dividend    Vanguard By Nkiruka Nnorom Investors in the Nigerian Stock Exchange, NSE, Monday dumped the shares of Cadbury Nigeria Plc after the issuer reported 200 percent ... read more

How N50bn debt chased six cocoa processors out of business

How N50bn debt chased six cocoa processors out of business    Daily Sun Stories by Steve Agbota styvenchy@yahoo.com 08033302331. Nigeria's cocoa processing industry is facing some daunting challenges due to lip *service* being ... read more

Golden Sugar Company wins global food safety award

Golden Sugar Company wins global food safety award    Nairametrics Flour Mills of Nigeria Plc's subsidiary has won The Global Food Safety Initiative (GFSI) Awards in Nice, France. The award was announced during this year's ... read more

Political uncertainties dominate outlook for stock market in H2’18

Political uncertainties dominate outlook for stock market in H2’18    Vanguard As the Nigerian Stock Exchange (NSE) ended the first half of the year, H1'18, with a disappointing 0.09 percent increase in the All-share Index, and 1.9 percent ... read more

Agricultural Development: Assessing Buhari's Two Years In Office

Agricultural Development: Assessing Buhari's Two Years In Office    Independent Newspapers Limited On Monday, the present federal government, that assumed office since May 29, 2015 celebrated its two years in office. To this end, there has been mixed ... read more

Academy Press reports N387.5m full-year loss

Academy Press reports N387.5m full-year loss    Punchng Stanley Opara Academy Press Plc has reported a group loss before tax of N387.5m for the year ended March 31, 2017. The firm had also reported a... read more

May & Baker rights issue closes this week

May & Baker rights issue closes this week    The Punch Feyisayo Popoola The application list for the ongoing rights issue of May & Baker Nigeria Plc is scheduled to close on Wednesday. The firm of... read more

Investors may lose N74bn as NSE moves to delist 21 firms

Investors may lose N74bn as NSE moves to delist 21 firms    Vanguard By NKIRUKA NNOROM. Not less than N74.855 billion will be lost by investors in the Nigerian capital market when the Nigerian Stock Exchange, NSE, finally ... read more

Stock Exchange warns 62 firms

Stock Exchange warns 62 firms    The Nation Newspaper ... • 'Subsisting deficiencies in companies' books'. Authorities at the Nigerian Stock Exchange (NSE) have placed 62 companies under caveat with various tags, ... read more

Q3’17: 22 manufacturing companies borrow N839.2bn

Q3’17: 22 manufacturing companies borrow N839.2bn    Vanguard Pay N108.3bn as interest to banks. Dangote, Lafarge Wapco, Flour Mills lead borrowers' list. By Peter Egwuatu. Amidst the country's economic recovery phase ... read more

FBN Holdings Plc - Remediating the past, reinvigorated to unlock value

FBN Holdings Plc - Remediating the past, reinvigorated to unlock value    Proshare Nigeria Limited Following our meeting with the Chief Executive Officer of First Bank Nigeria & Subsidiaries and consequently a detailed understanding of the bank's medium ... read more