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Nigeria open the year in recession following a dismal economic performance in 2016. The All Share Index (ASI)Closed at 26,874.62 on the last trading day of 2016 and declined by -6.17%. 2017 though started slowly but the ASI ended up erasing the cumulative loss of three years. it closed at 38,243.19 with a 42.30% growth above what it was on the last trading day of December 2016.  Although the ASI closed on a positive note, it was not the same story for all the stock listed on the index. Find below the top 10 gainers of 2017 :                 TOP TEN GAINERS FOR 2017 31/12/2016 29/12/2017 Security CLOSE       CLOSE    GAIN DANGSUGAR 6.11 20  227.33% INTBREW 18.5 54.5 194.59% FIDELITYBK 0.84 2.46 192.86% FIDSON 1.28 3.7 189.06% DANGFLOUR 4.25 12.15 185.88% STANBIC 15 41.5 176.67% MAYBAKER 0.94 2.6 176.60% FBNH

Seven-up Bottling Company Plc ( “SBC” or “7-UP”) notifies the Nigerian Stock Exchange that the Board of 7-UP has received an offer from Affelka S.A to acquire all outstanding and issued shares of SBC that are not currently owned by Affelka. Affelka currently own 73.22% of the Shares outstanding and its offering N112.70 for the balance which is currently being held by 31,214 shareholders that cut across retail and HNI investors. Is 7-UP going the way of Nigerian Bottling Company? If the acquisition is finally crystallized 7-up would have triggered its own automatic delisting because of the regulatory post listing float requirement. Is the Exchange failing to meet the demands of the Carbonated drinks companies? I belief we all need to look at all these together. The Market will continue to weigh it options as regards this 7-Up acquisition news. The stock closed at N97.12k on 30 th  November 2017.

A total of 11,323,362,950 units of Transcorp Plc Shares exchanged hand through on and off trade transaction on the Nigerian Stock Exchange on 30th November 2017. This represented a total of 28% of Issued and fully paid up Ordinary Shares of the Company. The implication of the above is a significant change in the shareholding structure of the company compare to what it was at the end of the Financial Year end 2016. In 2016, Mr Tony Elumelu holds a total of 46.26% of the total  share outstanding of the Company through direct and indirect holding of 2,071,704,049 and 15,841,208,911 respectively. While the share outstanding stood at 40, 647, 990,292 same period. A closer look at the transaction reveals that the only person that could have pull such a transaction is Mr. Tony Elumelu. Which prompt us to ask the rational behind such sales. Is he selling for cash or bringing on expertise on Board. The Market is expected to react adequately when the Market open next, however by year