Omegascorpi [Beta] » Nigeria Stock Exchange http://omegascorpi.com Company Profiles,Interviews,News and Beyond Fri, 20 Jan 2012 21:44:00 +0000 http://wordpress.org/?v=2.8.6 en hourly 1 Lagos Market Closing Analysis http://omegascorpi.com/2009/lagos-market-closing-analysis/ http://omegascorpi.com/2009/lagos-market-closing-analysis/#comments Wed, 16 Sep 2009 18:56:28 +0000 tape http://omegascorpi.com/?p=222 September 14th 2009

]]> http://omegascorpi.com/2009/lagos-market-closing-analysis/feed/ 0 Firing Of The Heads Of Intercontinental, Oceanic, Finbank, Afribank, and Union Banks http://omegascorpi.com/2009/firing-of-the-heads-of-intercontinental-oceanic-finbank-afribank-and-union-banks/ http://omegascorpi.com/2009/firing-of-the-heads-of-intercontinental-oceanic-finbank-afribank-and-union-banks/#comments Sat, 22 Aug 2009 15:22:09 +0000 tape http://omegascorpi.com/?p=209 1. NSE suspended trading the five bank’s shares. The decision will be reviewed in 2 weeks.
2. According to Renaissance Capital, these banks were systematically important with more than 5% of assets and deposits in the Nigerian banking system.
3. Guardian reported on Monday that 8 foreign investors were ready to take control of the 5 banks.
4. The CBN’s audit of all banks should completed by mid-September. 5 other banks passed the audit, according to Renaissance Capital. They include First Bank of Nigeria Plc, the nation’s largest lender, Diamond Bank Plc, Guaranty Trust Bank Plc, Sterling Bank Plc and United Bank for Africa Plc.
5. 14 banks are yet to be audited.
6. According to Tunde Lemo, CBN’s deputy governor, the fired executives may face prosecution.
7. ThisDay newspaper reported that the CBN may end up injecting up to N1trillion into these banks.
8. Renaissance Capital upgraded its recommendation on Zenith Bank Plc to “buy” from “hold” and suspended ratings on three other lenders that failed a central bank audit. Ratings were suspended on Intercontinental Bank Plc, Union Bank of Nigeria Plc and Oceanic Bank Plc.
9. CBN said it will guarantee the foreign loans of the 5 banks. Officials from CBN will visit London soon to “explain its actions and dialogue with investors and foreign correspondent banks.
10. Zenith, along with First Bank, Access Bank Nigeria Plc, First City Monument Bank Plc, Guaranty Trust Bank Plc and United Bank for Africa Plc are RenCap’s top picks because they “show up well” in terms of the central bank’s requirements of transparency and liquidity, Lagos-based RenCap analyst Kato Mukuru wrote in the note.

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]]> http://omegascorpi.com/2009/firing-of-the-heads-of-intercontinental-oceanic-finbank-afribank-and-union-banks/feed/ 0 The way forward on Nairobi Stock Exchange http://omegascorpi.com/2008/the-way-forward-on-nairobi-stock-exchange/ http://omegascorpi.com/2008/the-way-forward-on-nairobi-stock-exchange/#comments Tue, 04 Nov 2008 15:52:55 +0000 tape http://africaincorp.net/cms/sub/wp6/?p=73 [Bankele]

“Recommandations and comments made by Dr. Mark Mobius, the executive Chairman of Franklin Templeton “

They are bargain hunters, they love cheap stocks and thus love bear markets
- Emerging markets look good for long term investors for several reasons: they are growing faster than developed countries, they have less debt, they have more reserves, inflation is coming down, they are taking up a lager share of world trade and also trading more with each other
- Bull markets are followed by bear markets which are followed by bull markets then bear……
- Bull markets last longer than bear markets, and values appreciate more during bear markets than they depreciate during bear markets. he said by their measures over the last 20 years bull markets last on average 22 months and values appreciate by 113% while bear markets on average last 6 months and values depreciate 32%
- Various FT funds are concentrated in mainly energy stocks, then banks, raw materials, communications etc.

]]> http://omegascorpi.com/2008/the-way-forward-on-nairobi-stock-exchange/feed/ 0 Emerginvest http://omegascorpi.com/2008/emerginvest/ http://omegascorpi.com/2008/emerginvest/#comments Wed, 10 Sep 2008 16:10:01 +0000 tape http://africaincorp.net/cms/sub/wp6/?p=47

Emerginvest (a free service) is connecting investors to hundreds of

 thousands of undiscovered,African companies by providing data,

research, and tools on African stock exchanges. Emerginvest lets anyone – even those who aren’t familiar with frontier markets – find  stocks to invest in. After a few minutes of browsing, investors can find companies in emerging markets like Ghana, Nigeria,Namibia,Botswana,Egypt,kenya and much more

 

Once a user finds an investment, Emerginvest can recommend all of the ways that an investor can own that particular stock – whether through suggesting local, English-speaking brokerages, or domestic vehicles such as mutual funds, ETFs, and ADRs.

EMERGINVEST

 

List of African markets covered:

Tunisia

Mauritius

Botsawana

Ghana

Malawi

Tanzania

Nigeria

Zambia

Kenya

Egypt

Morocco

Uganda

South Africa

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