Headlines – First Ideas Limited

Headlines

Businesses smile as electronic call-up breathes life into Apapa

The cost of transporting containers from Apapa and Tin-Can Island ports, the two main seaports in Nigeria’s commercial capital, has improved in the last year after the introduction of the electronic call-up system, and businesses are the better for it.

Property market still struggles with empty houses, low rental income

Though the E call-up system powered by a technology called Eto App has succeeded in controlling truck movement and clearing traffic congestion significantly in Apapa, the impact is not being felt as much in the property market where houses remain empty and rental income is deplorable.

Scepticism trails abating Apapa traffic as businesses bide time

Although it seems Apapa is saying goodbye to the gridlock that plagued it before now, businesses and individuals that left the port city are still not ready to come back as they fear the gridlock easing may be temporary.

FG set to terminate non-performing concessions, proposes N188b revenue budget

The federal government has said it will terminate up non-performing concession agreements, engage new concessionaires and apply stiff sanctions on private airport terminals for non-payment for services rendered by Federal Airports

What may likely happen if CBN stops dollar sales to banks

Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), during the press conference after the bankers committee meeting last week, hinted of the imminent stoppage of dollar sales to banks, of which analysts have called for a rethink before implementation.

Investors Lose N74.91bn as NGXASI Dips by -0.29% to Open the Week Negative

Equities market closed on a negative note, as NGXASI depreciated by -0.29% to close at 47,063.28 basis points as against -0.18% depreciation recorded previously. Its Year-to-Date (YTD) return currently stands at +10.18%.         

Market breadth closed positive as NCR led 23 Gainers as against 21 Losers topped by JAPAULOIL at the end of today’s session an unimproved performance when compared with previous outlook.   

Market turnover closed positive as volume moved up by +8.51% as against +57.23% uptick recorded in the previous session. FIDELITYBK, ACCESS and TRANSCORP were the most active to boost market turnover.  MTNN and AIRTELAFRI topped market value list.

AIRTELAFRI leads the list of active stocks that recorded impressive volume spike at the end of today’s session.

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First Ideas Limited is an investment and financial advisory company established in 1994 to provide advisory services to high net worth individuals, trust funds, financial institutions and medium sized companies in growth sectors.

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