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Announcements
Feb 08, 2010
MARKETING OF FINANCIAL SERVICES (FEBRUARY 25 - 26, 2010)
The financial services market has become tougher and more competitive, but this again offers an opportunity for innovative and creative techniques in winning, managing and retaining a good market share. To achieve this, efforts of marketing staff must translate to profitable sales. Customers define themselves through the brands or vendors they choose. ...more
INTERMEDIATE TREASURY MANAGEMENT COURSE (MARCH 18 - 19, 2010)
Treasury is the nerve centre of the Bank or any other organization. With the recent developments in the Nigerian Financial Sector, financial institutions now have large funds that must be managed effectively to generate the kind of returns that the stakeholders are expecting in the face of stiff competition, regulatory operations and inherent risk exposures. ...more
INTRODUCTION TO TREASURY MANAGEMENT (FEBRUARY 17 - 19, 2010)
The treasury and finance department of any organization is charged primarily with the responsibility to manage the funds of the organization for liquidity and profitability with minimal risk. ...more
Tenor Swap Forward Fixings Date
Spot 151.4000 / 151.5000 08 Feb, 2010
30 Day 1.4013 / 1.4022 152.8013 / 152.9022 08 Feb, 2010
60 Day 3.0936 / 3.0957 154.4936 / 154.5957 08 Feb, 2010
90 Day 4.9505 / 4.9538 156.3505 / 156.4538 08 Feb, 2010
180 Day 10.3538 / 10.3607 161.7538 / 161.8607 08 Feb, 2010
Tenor Rate Chng Date
Call 2.3667 0.01 08 Feb, 2010
7 Day 5.7500 0.04 08 Feb, 2010
30 Day 11.3333 -0.04 08 Feb, 2010
60 Day 12.5000 -0.33 08 Feb, 2010
90 Day 13.3333 -0.21 08 Feb, 2010
Tenor Rate Chng Date
1 Month 2.4976 0.01 08 Feb, 2010
2 Months 2.7278 0.10 08 Feb, 2010
3 Months 2.7444 0.08 08 Feb, 2010
6 Months 3.9330 0.18 08 Feb, 2010
9 Months 4.5909 0.16 08 Feb, 2010
12 Months 4.6798 0.12 08 Feb, 2010
Tenor Amount (N'millions) Rate Issue Date
91 Day 15,000.00 8.25 10 Dec, 2009
182 Day 30,000.00 5.22 10 Dec, 2009
1 Year 30,000.00 5.30 10 Dec, 2009
Capital Market News
Feb 08, 2010
British Council, FCMB hold climate change seminar
THE British Council, Nigeria in collaboration with First City Monument Bank Plc (FCMB), will from this morning be holding a two-day Climate Change and Faith seminar in Abuja, Nigeria. ...more
UPDC, firm unveil $37m Festac Golden Tulip Hotel
AFTER six years of reconstruction work, frontline real estate development firm, UACN Property development Company (UPDC) has drawn the curtains on the transformation of the 34 year-old Festac 77 Durbar Hotels into a mixed-use facility. ...more
Vitafoam records N9.7 billion in 2009
VITAFOAM Nigeria Plc has posted a turnover of N9.7 billion in its 2009 operations. ...more
Shareholders approve IHS N788.6m dividend
SHAREHOLDERS of IHS Nigeria Plc have approved a divided payout of N788.6 million or five kobo each proposed by the company for the financial year ended April 30, 2009. ...more
Oando to launch power project for Lagos water works
OANDO Plc is now set to launch its first ever Independent Power Project, IPP, through its subsidiary, Akute Power Limited. ...more
Wema Bank to Raise N20bn Fresh Capital
Wema Bank is to raise N20 billion fresh capital to boost its shareholders’ fund not later than June this year, as directed by the Central Bank of Nigeria (CBN). ...more
Guinness records N53.8b turnover in half-year results
FOR the half-year ended December 31, 2009, Guinness Nigeria Plc has declared unaudited turnover of N53.8 billion, against N43.4 billion recorded within the same period in 2008. ...more
Intercontinental, Labour Meet Over Staff Issues
The management of Intercontinental Bank Plc has had useful discussions with the Labour Unions on the way forward on issues relating to the recent staff disengagement exercise. ...more
Afribank unfolds 'customer-centric' initiatives
AFRIBANK Nigeria Plc has assured its customers of continuous improvement in its service delivery quality, the Group Managing Director and Chief Executive Officer, Mr. Nebolisa O. Arah, told the authorities of the University of Ibadan during a courtesy visit to the institution on Friday ...more
Nestle Meets on Final Dividend
The Board of Directors of Nestle Nigeria Plc will next week Friday meet to decide the final dividend payable to the shareholders for the year ended December 31, 2009. ...more