THE COMPANY: UACN Property Development Company (UPDC) stands as the leader in the high-end segment of the real estate market in Nigeria. UPDC’s main business and core activities are the acquisition, development, sales and management of high-quality serviced commercial and residential properties in the...
THE COMPANY: Presco is a fully integrated agro-industrial establishment with oil palm plantations, a palm oil mill, palm kernel crushing plant and vegetable oil refining plants. It specialises in the cultivation and extraction of oil palm, and the refining and fractionation of crude palm oil (CPO) into...
Strong growth in both equities and bonds in 2012, driven by foreign portfolio inflows that tripled from $5bn in 2011 to $17bn in 2012 (roughly a quarter of foreign currency reserves), according to the World Bank, cast off the long shadow of the 2008 financial downturn. A rotation into equities by foreign investors, followed by local institutions,...
THE COMPANY: The National Salt Company of Nigeria (NASCON), a subsidiary of Dangote Group, is involved in the refining and packaging of table salt, industrial salt and agricultural salts in Nigeria. NASCON was established in 1971 and, after many years of poor performance, the company began to recover...
One of the exchange’s more pressing needs is developing a new supply of listings from both primary and secondary issuers to add depth to a market that poorly represents the structure of the Nigerian economy. Market movers remain the banking, fast-moving consumer goods and building materials sectors, while dynamic sectors like telecoms, power, and...
While the market’s rally in 2012 was spurred by a tripling of foreign portfolio inflows to $17bn, domestic investors – dominated by institutionals – have increasingly returned to equity markets as well. Scarred by the 2008 downturn, high-net-worth individuals have turned to the money market; exposure to rapidly rising equities has grown...
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