KPMG Professional Services says consumer goods and financial services are top attractive investment sectors in Nigeria. The firm disclosed this in its second edition of the KPMG’s report entitled, ‘Doing deals in Nigeria 2019 – Key insights from dealmakers.’ It stated that the report was the result of a survey of 50 senior business executives
The Chief Executive Officer, MTN Nigeria, Ferdi Moolman, recently put the total value of investment made by the telecommunication company since its entrance into the Nigerian market at N2.5 trillion. “You can’t achieve growth if you don’t invest in network. So, from inception to date, we have invested close to N2.5 trillion in network and
The Nigerian Stock Exchange, NSE, and Meristem Securities Limited are collaborating to launch two new style indices – the NSE-Meristem Growth Index and NSE-Meristem Value Index. The style indices were designed in response to demand for customized indices to support product development and investment management. Broadly, the style indices will provide a benchmark for the
Investment banking firm, Meristem Securities Limited has launched an artificial intelligent (AI) solution, Zedd. The AI technology-driven bot interacts with users in a human-like pattern to on-board prospective investors while offering more personalised services to clients. Zedd, modelled after a 29-year-old savvy investment advisor. describes himself as the investment sage upon introductions. Zedd can offer
Stanbic IBTC Bank Plc, Access Bank Plc, Ecobank Nigeria Limited led the top 10 banks that facilitated N139.13 trillion investment in fixed securities and currency on the FMDQ OTC Securities Exchange in 2018. The 10 banks accounted for 76.1 per cent of the N182.856 trillion total transactions in the market in 2018, according data. However,
President Uhuru Kenyatta has made an urgent call for developing and funding bankable infrastructure projects to drive Africa’s growth agenda. In his keynote address at the Africa50 General Shareholders Meeting held in Kenya’s capital, Nairobi, President Kenyatta said support for bankable projects in energy, transport, ICT, water and sanitation provide unprecedented opportunities for private sector
FSDH Merchant Bank, a financial services group in Nigeria, announced that Advanced Finance and Investment Group (AFIG Funds), a leading African private equity fund manager has, through the Atlantic Coast Regional Fund (ACRF), completed an investment in the Bank. “We are pleased to become a shareholder in FSDH, a well-established financial services group in Nigeria
The Federal Government of Nigeria has reconstituted the Investment and Securities Tribunal (IST) as a practical step towards restoring investors’ confidence in the capital market and repositioning it to contribute positively to the country’s economy. The Investment and Securities Tribunal was dissolved in compliance with the Federal Government’s directive on dissolution of Boards of Parastatals,
The Coordinator of natnudO Foods’ broiler out-grower scheme tagged “natnuPreneur”, Mr. Gbolade Adewole, has disclosed that farmers registered under the six- seven week broiler production scheme, have consistently enjoyed between 7.5% and 15% profit on investment per cycle. With a potential to conclude 5 cycles per year, efficient farmers stand to make between 37.5% –
