Registrars’ Grouse against the Market

Registrars are essential to capital market operations in any capital market jurisdiction. These major operators, as WOLE TOKEDE finds out, feel that the market is not taking adequate care of them as they are excluded from sharing in the transaction charges the market collect.
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Vitafoam: Strong Fundamental, Efficient Management

By Wole Tokede

Vitafoam Nigeria Plc is the leading manufacturer of Polyether and reconstituted foam products in Nigeria. Incorporated on 4th August 1962 and listed on the floor of the Nigerian Stock Exchange in 1978.
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Despite Sec’s Suspension Afroil Records Huge Transactions

Stories by Wole Tokede

Despite the directive by the Securities and Exchange Commission (Sec), the apex regulator of the nation’s capital market suspending two stocks from trade transactions on the exchange, one of the stocks actively took part in trade transactions on Thursday last week. >> Full Story

Actis Wins African Private Equity Firm Award

Actis, a leading private equity investor in emerging markets, has won 2007 African Private Equity Firm of the Year in Private Equity International magazine’s annual awards. >> Full Story

Universal Insurance has no Plan for Share Reconstruction – MD

Mr. Cyril Ajagu group managing director, Universal Insurance Plc has made it very categorical that the company currently listed on the Nigerian Stock Exchange (NSE) was not contemplating share reconstruction for now and in the near future. >> Full Story

Investors Stake N51bn on Shares

A turnover of 2.9 billion shares worth N51.15 billion in 65,585 deals was recorded last week, in contrast to a total of 6.2 billion shares valued at N99.65 billion exchanged the upper week in 103,089 deals. >> Full Story

Intercontinental Bank Appoints New Executive Director

Intercontinental Bank Plc has announced the appointment of Mr. Simon Aranonu to the board of the bank as an executive director. Until this appointment he was a comptroller and regional chief executive of the bank in charge of Federal Capital Territory (FCT), Abuja. >> Full Story