Volume II, Issue 17

Tax Evasion! Adenuga May Have Problems With Foreign Banks
A feel of public opinion immediately after the publication of the damning news of company income tax evasion by Continental Oil and Gas and Conoil Producing, two upstream oil companies belonging to Otunba Mike Adenuga Jr., was that the $610million (N89billion) tax demand the Federal Inland Revenue [...]

Volume 2, Issue 16

This week on your Fortune&Class Magazine;
FIRS SEALS ADENUGA’S OIL COMPANIES OVER N89 BILLION TAX EVASION
It would sound rather ironical that the totality of the Nigerian state has been compelled to reconsider the structure of its national budget which has a built-in 500 million dollar deficit financing plan, about 30 per cent of the national budget, [...]

BGL PRIVATE PLACEMENT FAILED PROMISE…INVESTORS REGRET

The investment environment was way different back in November 2007 when BGL one of Nigeria’s leading investment banking firms, conducted its private placement exercise. The Nigerian stock market was in ascendancy with the Nigerian Stock Exchange All Share Index growing by 96.2 c from 26,161.15 in June 2006 to 51,330.46 in June 2007. Market [...]
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Danger Signals For Nigerian Investors In Dubai Properties

The loud pitches about the high returns in investing in properties in Dubai rent the Nigerian national space all through 2008. It was auspicious for Dubai real estate vendor in the country at that time; the Nigerian stock market, prosperous over a straight five-year period beginning in 2003, had suddenly copped out in the [...]

For [...]

CAPITAL MARKET CRASH: THE CASE AGAINST THE BANKS

I can tell you that at a point in time, it seemed as if the only preoccupation of most banks was manipulating the stock market to wring out the last hope of gains. All these contributed to defacing the market and inevitably led to the crash of the Nigerian stock market.

2009 Outlook: Key Questions for the Director-General of the Nigeria Stock Exchange

If you had an opportunity to ask the Director General of the Nigerian Stock Exchange a question, what would you like to know from her?

Some investors, fund managers and equity analysts have sent in their concerns/questions; some of which were addressed by the DG, NSE at the Annual Review held at the Nigerian Stock Exchange [...]

REAL ESTATE INVESTMENT MAY BE IN TROUBLE SOON – EXPERTS WARN

Many investors have taken a flight to the safety of real estate in the aftermath of the worrisome protracted correction that had turned the Nigerian stock market into the grazing ground of the bears with stock prices continuously hitting new bottoms by the day.
Analyzing the prospects of a downturn in the real estate sector, a [...]

LET THE INSTITUTIONAL INVESTORS PLAY THEIR GAME

The Nigerian stock market, last week, showed a robust sign of revving up for a rebound. Great! As I suggested last week, majority of stocks that showed promise of northward expression were in the banking and insurance sectors. On paper, there is so much money to be made with recently stricken otherwise blue chip stocks [...]

STOCK MARKET REBOUND…WACTH OUT BEFORE YOU INVEST

The excitement returned to the Nigerian stock market last week when in two days in a roll the market recorded gains that had become foreign to a market that seems to be determined for a southern movement since March this year. For the first time in several weeks, the protracted decline in the measurement of [...]

Obama will be a good president

Away from our beleaguered stock market and the yet roiling global financial markets. At least, a little bit of sanity is returning to the Nigerian stock market though not by way of positive market activities, thankfully, the management of the Nigerian Stock Market has finally discerned the wisdom that informs free market activities by removing [...]