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The long awaited deadline for rendition of results finally arrived this week. However, Investors continue to trade with caution through out the four trading sessions due to the Easter Holidays declared by the Federal Government of Nigeria. The Market lost three days out of the four days trading week which also marked the end of the Month of March. Although more results were released after the closure of the Market, which the market never had opportunity to react to. Next week promise a whole new excitement.  The All Share index inched up by 0.08% to close the week at 41,504.51. This brought the year to date return of the ASI to 8.53%. EQUITY The market opened for four trading sessions this week, as the Federal Government of Nigeria declared Friday 30th March 2018(Good Friday) and Monday 2nd April 2018(Easter Monday) as public holidays. Meanwhile, a total turnover of 1.541 billion shares worth N16.647 billion in 18,805 deals were traded this week by investors on the floor o

OPS, marketers fault PIGB on single regulator for oil industry The Organised Private Sector (OPS) and oil marketers have faulted the provision of a single regulator, the Nigerian Petroleum Regulatory Commission (NPRC) in the Petroleum Industry Governance Bill (PIGB) by the National Assembly. They spoke jointly to reporters in Lagos yesterday. The Nation Unity Bank clarifies plan for recapitalization Says no agreement on Milost Global Unity Bank Plc yesterday clarified that it did not enter into any definitive agreement or sign any binding commitment with Milost Global Incorporation. At an interactive session at the Nigerian Stock Exchange (NSE) yesterday in Lagos, The Nation N45b ex-Airways workers’ pension ‘awaits Senate approval’ The Minister of State for Aviation, Sen. Hadi Sirika has promised to ensure the payment of the N45billion entitlements of ex-workers of the defunct Nigeria Airways Limited (NAL). The Nation Buhari okays N90b for economic zones President

12 Months Report FORTE OIL PLC            2017 N'000 2016 N'000 change Year End Revenue 129,443,804 148,605,261 -13% December Profit before taxation 10,627,156 5,340,244 99%   Profit for the period 12,226,422 2,890,430 323%   Issued Shares (Units) 1,305,030,180 1,305,030,180     Basic Earnings Per Shares (Kobo) 289.00 199.00 45%   Last total dividend paid (Kobo)     #DIV/0!   Revenue N’000                                                                        PAT N’000 QI:33,003,968                                                                           QI:1,172,169 Q2:32,643,535                                                                         Q2:193,339 Q3:31,239,872                                                                         Q3:3.708.384 Q4:32,556,429           

‘Trade wars could stifle inflows to Nigeria, global growth’ An economist and Senior Lecturer, Lagos Business School, Dr. Adedoyin Salami, has warned that tariff impositions Guardian NERC’s new regulation to eliminate metering gap The Meter Asset Provider (MAP) regulation is aimed at closing the metering gap and its attendant challenges in the Nigerian Electricity Supply Industry, the Nigerian Electricity Regulatory Commission (NERC) has said. Guardian African Prudential’s profit rises to N1.7 billion Amid harsh operating environment, African Prudential Plc has achieved a Profit After Tax (PAT) of N1.7 billion in its 2017 operations, against N1 billion recorded in the corresponding period in 2016. Guardian Neconde: ‘no kickback with Shell VP in OML42 acquisition’ Neconde Energy Limited, the operator of oil mining lease (OML) 42, has denied any kickback deal with a former Vice President for sub-Saharan Africa, Shell, Peter Robinson, during the acquisition of the

N177bn inflow to moderate cost of funds in interbank COST of funds is expected to moderate downward this week, in response to inflow of N177 billion from matured Treasury Bills (TBs). Vanguard Buhari’s order to MDAs is too late Lateness in getting the budget passed each year has contributed to our deepening poverty Vanguard Task ahead of 9mobile’s new owners After a long process, Teleology Holdings Limited has emerged the preferred bidder for 9mobile. It has since paid the non-refundable completion deposit of $50 million for the transaction. This is a major development in the quest to sell the telco. But, it is not over yet for Teleology. The Nation Play Tv eyes 90% local channels Direct to Home (DTH) broadcasting system that offers services to its subscribers through highly entertaining and informative channels, Play Tv has said its focus is to make 90 per cent of its channels totally indigenous to support the creative sector of the economy. The Nation Regula

Lafarge Africa lists N131b rights shares Lafarge Africa Plc has listed about 3.1 billion ordinary shares of 50 kobo each, increasing the cement company’s market capitalisation to N278.79 billion at the weekend. The supplementary shares arose from the cement company’s recent rights issue. The Nation NIPOST, Bics take banking to grassroots Nigeria Postal Service (NIPOST) and Bics Enterprise are collaborating to bring financial services to the grassroots. The Software Group, a global technology firm, will provide the technological backbone needed to implement the partnership. The Nation NSIA okays N1.8b for agric The Nigeria Sovereign Investment Authority (NSIA) has approved about $5million (N1.8 billion) for Doreo Partners to train 50,000 farmers in the North through its Babangona Outgrower Farming Scheme. The agreement for the loan facility was signed in Lagos at the weekend between NSIA management and  Doreo Partners. The Nation New metering plan brightens DisC

Samsung Launches Two New Smartphones Galaxy S9 & S9+ Samsung Electronics Co., Ltd. on Friday introduced Samsung Galaxy S9 and S9+ smartphones in Nigeria in the bid to re-imagine the way people communicate, share and experience the world. The Nation NDIC cautions Nigerians against transactions in digital currencies The Nigeria Deposit Insurance Corporation ( NDIC ) says transactions in digital currencies are not authorised by the Central Bank of Nigeria ( CBN ), cautioning Nigerias against transacting business in bitcoin and other crypto currencies. The Nation Local farmers have a lot to benefit from rubber cultivation, production – Awolowo Efforts of the Edo State Government to grow her rubber stock and boost her non-oil receipts with the 2,500-hectare rubber plantation in Urhonigbe, in Orhionmwon Local Government Area and other agricultural initiatives, have received the support of the Federal Government. Vanguard US import of Nigerian oil hits five-year high

Investors continue to trade with caution through out the week even as more result were released in the cause of the period. The Market continues to be giving up all the gains of January. Out of the five trading sessions, the Market lost four and only won one which was on Thursday.  The All Share index declined by -1.11% to close the week at 41,472.10. This brought the year to date return of the ASI to 8.44%. EQUITY A total turnover of 2.328 billion shares worth N28.927 billion in 25,530 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 2.444 billion shares valued at N36.665 billion that exchanged hands last week in 26,712 deals. ETPs Also traded during the week were a total of 4,165 units of Exchange Traded Products (ETPs) valued at N78,276.06 executed in 15 deals, compared with a total of 1.889 million units valued at N10.512 million that was transacted last week in 4 deals BONDS A total of 5,152 units of Federal Governm