Nigerian stocks market was down due to the trade war between China and the USA

Nigeria stock exchange daily report.

Look at the reds; the United States of America and China are engaged in a trade war and it’s affecting the rest of the world. All Nigerian companies that receives shipments from China will be affected.

United States imposed 200 billion tariff on China, and China responded with a 60 Billion Dollars tariff on the United States of America. Here is how it’s impacting Nigeria stock exchange, below are the top 5 money loser for the day.

Mobil oil lost 4.62 percent

Stanbic bank lost 4.24 percent

Guinness Lost 2.91 percent

Guaranty (GTB) lost 3.13 percent

PZ lost 5.56 percent.

Nestle Nigeria PLC posted a record revenue of 71 billion

Nestle Nigeria PLC reported its first-quarter earning report for the year 2019 and the company boasts a remarkable N 71 Billion in revenue.  The company also saw a 5.2 percent growth for the year 2019 from the year 2018. 

The total profit came in at N 12.8 Billion beating the estimate of N 8.6 Billion from the previous year.    The company recorded a gross profit of N31, 468,870 for the year 2019; marketing and distribution expenses came in at -10,371,484.

Nestle Earning report summary.

  Focusing on creating demand and strengthening the brand’s loyalty program is a major concern to Nestle.   According to Nestle PLX, “The company also continued to focus on Creating Shared Value for society and its shareholders by delivering high quality nutritious products to consumers and contributing to the growth of the local economy through local sourcing and increasing access to clean drinking water in the communities where it operates”.   

 Mr. Mauricio Alarcon, Managing Director & CEO of Nestlé Nigeria Plc said, “We are pleased with the sustained growth of our company, the loyalty of our consumers and the discipline and dedication of our people to provide tastier and healthier foods and beverages”.

Outlook:

“Looking forward to the rest of 2019, we are optimistic that our current business model will keep delivering satisfactory results to our shareholders and to society in line with our Creating Shared Value principle. Providing high-quality and affordable nutritious products that meet the needs and preferences of our consumers will remain our priority as we help build thriving, resilient communities through sustainable local sourcing and continuous product innovation’ the CEO said during the earnings report.

Nestle stock price has been up more than 100 percent since 2017. The stock is trading at N 1,520.00 as of today April 6, 2019.  The stock was selling at N 776 in the year 2017.   The 52 weeks high range is N 1,340.00 to N 1,645.00.  It’s market cap increased to N 1.205 T, it’s trading at 25 times price per earning and it paying 3.85 percent in dividends.

The above statement is in relation to the Q1 2019 report, the Q2 report is due on July 30, 2019.

 Food products business is a booming business in Nigeria. Nestle manufactures hydrolyzed plant protein mix and other food products based on its local agricultural raw material.

Nestle food product brands

Maggi

Nestle Golden Morn

Nestle Ideal

Nestle Nido

Milo nestle

Nescafe

Nestle Kit Kat

Nestle Carnation milk

Nestle Gloria

These products are selling at a record high in markets around the world. Nestlé is making money from direct sales, wholesales directly to the reseller, distribution to hotels, and other companies.

Nestle’s financial statement

This statement for the period ending on March 31, 2019. The company reported N 19,122,202 profit before tax and it did not declare any new dividend price at the time of this report.

Operation result shows that Nestle has a positive quarter. 2019 reported number was up by 66% compared to the reported comprehensive income for the year 2018.

It’s a good practice for directors to be invested in companies that they are associated with. This will ensure that they make the right decisions for stakeholders because their money is also on the line. According to the recent report, only one director owns shares in Nestel company.

Mr. David Ifezulike is the Chairman of Nestle and has 56,255 shares in the company. The other directors have no shares in the company. The most alarming discovery is that the Managing Director and CEO of Nestle does not have any shares in the company.

Share repurchasing program

Companies usually buy their own shares in other to reduce the number of outstanding shares. A company can boost investor’s confidence by buying back it own stocks. This process allows the company to become its own investor; as a result, it reduces the number of outstanding shares. This can also improve the company’s earnings because only a few are left to claim the company’s earnings. Nestle reported that it didn’t buyback any shares this past quarter.

Nestle’s Asset declaration

Nestle’s Debt information

The company did not reveal much about its overall debt. It only shared little nformation about its short term debt obligation and this cannot be factored into how the company stands financially.

Nestle Nigeria PLC dividend declaration

Dividend unchanged, the company will stick to the 3.85 % dividend payout. Nestle cleared the dividend on March 4, 2019. Payments will be made to investors who are invested in Nestle stocks by May 10, 2019. The payment date is May 29, 2019.

Expressposting Nestle review

Nestle did not give enough information on how each of their brand product is performing on the market. They did not provide future guidance on what investors should expect for the next fiscal year. They did not discuss cutting cost or mention plans that will add value to the share price.

No innovations; Nestle does not have any new product on the pipeline. The stock price is still cheap, the company earned a total profit of N 12.8 billion and they are expected to earn more for the next quarter. The stock has been down about 1 percent year to date. We believe that Nestle will do it’s best to improve the share value for the benefit of the investors.

How to invest in London Stock Exchange.

You have to contact a stockbroker in the United Kingdom to purchase or sell shares in the Exchange, you should contact your broker or share dealing service, in the same way as if you were buying shares in any company traded on the London Stock Exchange’s markets. … Like most listed companies anyone can purchase shares in the London Stock Exchange.

To 5 best performing Nigerian stock for the day

SymbolsLast CloseCurrentChange%Change
SEPLATN575N579.94.90.85%
CCNNN14.6N15.851.258.56%
GUARANTYN33N33.450.451.36%
FIDSONN4.2N4.60.49.52%
NBN65.75N66.050.30.46%
View More

Nigeria stocks did not over perform today, it was an average day. FIDSON stock led with 9.65 Percent gain followed by CCNN stock with 8.56% gain. The market is now closed, trading will resume on Monday.

Listed Bonds on the Nigerian Stock Exchange

Symbol Bond Description Issuer
FG5B2028S515.00% FGN NOV 2028Central Bank of Nigeria
FG6B2029S312.49% FGN MAY 2029Central Bank of Nigeria
FG6B2019S47.00% FGN OCT 2019Central Bank of Nigeria
FG6B2029S58.50% FGN NOV 2029Central Bank of Nigeria
FG9B2019S316.00% FGN JUN 2019Central Bank of Nigeria
FG9B2022S116.39% FGN JAN 2022Central Bank of Nigeria
FG7B2030S310.00% FGN JUL 2030Central Bank of Nigeria
LAB2019S114.50% LAB NOV 2019LAGOS STATE GOVT. BOND
OSB2019S114.75 OSUN DEC 201914.75% OSUN DEC 2019
GMB2019S115.50% GMB OCT 201915.50% GMB OCT 2019
BAB2017S0BAYELSA STATE DEVELOPMENT BOND 2017 S0BAYELSA STATE GOVERNMENT BOND
OSB2020S214.75% OSUN OCT 2020OSUN STATE GOVT. BOND
LAB2020S213.50% LAB NOV 202013.50% LAB NOV 2020
FG112024S114.20% FGN MAR 2024Central Bank of Nigeria
KGB2020S115.00% KGB DEC 2020KOGI STATE GOVT. BOND
EKI2020S214.50% EKI DEC 202014.50% EKI DEC 2020
NAB2021S115.00% NAS JAN 202115.00% NAS JAN 2021
NAHCOBDS215.25% NAH DEC 202015.25% NAH DEC 2020
FG112034S212.1493% FGN JUL 2034Central Bank of Nigeria
ADBB2021S111.25% ADB FEB 202111.25% ADB FEB 2021
FID2019S015.5% FID NOV 2019FIDSON HEALTHCARE PLC
FG122020S115.54% FGN FEB 2020Central Bank of Nigeria
BAU2021S115.5% BAU DEC 2021BAUCHI STATE GOVERNMENT BOND
FCM2021S114.25% FCM NOV 2021FCMB FINANCING SPV PLC
SB2024S1TA(182-DAY CBN TBILL)SIB SEP2024STANBIC IBTC HOLDINGS PLC
SB2024S1TB13.25% SIB SEP 2024STANBIC IBTC HOLDINGS PLC
UBA2021S116.45% UBA DEC 2021United Bank for Africa Plc
GMB2022S116.00% GMB FEB 2022GOMBE STATE GOVT. BOND
OYB2022S116.5% OYO FEB 2022OYO STATE GOVERNMENT BOND
KGB2022S217.00% KGB MAR 2022KOGI STATE GOVT. BOND
FBB2022S016.48% FBB MAY 2022FIDELITY BANK PLC
CRS2022S117.00% CRS MAY 2022CROSS RIVER STATE GOVT. BOND
NMR2030S114.90% NMR JUL 2030NIGERIAN MORTGAGE REFINANCE COMPANY PLC
TRN2022S116.00% TRN OCT 2022TRANSCORP HOTELS PLC
FG132026S112.50% FGN JAN 2026Central Bank of Nigeria
BNB2022S016.5% BNU FEB 2022BENUE STATE GOVERNMENT BOND
ZAM2022S117% ZAM APR 2022ZAMFARA STATE GOVERNMENT BOND
TRN2020S215.50% TRN DEC 2020TRANSCORP HOTELS PLC
FG132036S212.40% FGN MAR 2036Central Bank of Nigeria
FG132021S314.50% FGN JUL 2021Central Bank of Nigeria
LAF2019S114.25% LAF JUN 2019LAFARGE AFRICA PLC
LAF2021S214.75% LAF JUN 2021LAFARGE AFRICA PLC
WEM2023S118.50% WEM OCT 2023WEMA FUNDING SPV PLC BOND
FOB2021S117.50% FO DEC 2021FORTE OIL PLC
FGEUR2032S17.875% FGN FEB 2032Central Bank of Nigeria
FG142027S116.2884% FGN MAR 2027FEDERAL GOVERNMENT OF NIGERIA
FGS2020S313.794% FGS APR 2020FEDERAL GOVERNMENT OF NIGERIA
FG142037S216.2499% FGN APR 2037FEDERAL GOVERNMENT OF NIGERIA
SIM2023S116.50% SIM AUG 2023STERLING INVESTMENT MGT. SPV PLC BOND
LAB2023S116.50% LAB Dec 2023LAGOS STATE GOVT. BOND
FGS2019S413.189% FGS MAY 2019FEDERAL GOVERNMENT OF NIGERIA
FGS2020S514.189% FGS MAY 2020FEDERAL GOVERNMENT OF NIGERIA
MRE2022S117.00% MIX JAN 2022MIXTA REAL ESTATE PLC
FGS2019S613.189% FGS JUNE 2019FEDERAL GOVERNMENT OF NIGERIA
FGS2020S714.189% FGS JUNE 2020FEDERAL GOVERNMENT OF NIGERIA
FGDIA2022S15.625% FGN JUN 2022FEDERAL GOVERNMENT OF NIGERIA
FGS2019S813.386% FGS JULY 2019Central Bank of Nigeria
FGS2020S914.386% FGS JULY 2020Central Bank of Nigeria
FGS20191013.535% FGS AUG 2019FEDERAL GOVERNMENT OF NIGERIA
FGS20201114.535% FGS AUG 2020FEDERAL GOVERNMENT OF NIGERIA
FGS20191213.817% FGNSB SEP 2019FEDERAL GOVERNMENT OF NIGERIA
FGS20201314.817% FGNSB SEP 2020FEDERAL GOVERNMENT OF NIGERIA
FGS20191412.059% FGNSB OCT 2019FEDERAL GOVERNMENT OF NIGERIA
FGS20201513.059% FGNSB OCT 2020FEDERAL GOVERNMENT OF NIGERIA
FGS20191612.091% FGNSB NOV 2019FEDERAL GOVERNMENT OF NIGERIA
FGS20201713.091% FGNSB NOV 2020FEDERAL GOVERNMENT OF NIGERIA
FGEUR2027S26.5% FGN NOV 2027Central Bank of Nigeria
FGEUR2047S37.625% FGN NOV 2047Central Bank of Nigeria
LAB2024T116.75% LAB AUG 2024LAGOS STATE GOVT. BOND
LAB2027T217.25% LAB AUG 2027LAGOS STATE GOVT. BOND
FGS20191811.738% FGNSB DEC. 2019FEDERAL GOVERNMENT OF NIGERIA
FGS20201912.738% FGNSB DEC. 2020FEDERAL GOVERNMENT OF NIGERIA
FGS20202011.098% FGNSB JAN 2020FEDERAL GOVERNMENT OF NIGERIA
FGS20212112.098% FGNSB JAN 2021FEDERAL GOVERNMENT OF NIGERIA
FGS20212311.277% FGNSB FEB 2021FEDERAL GOVERNMENT OF NIGERIA
FGS20202210.277% FGNSB FEB 2020FEDERAL GOVERNMENT OF NIGERIA
FG152028S113.98% FGN FEB 2028FEDERAL GOVERNMENT OF NIGERIA
FGSUK2024S116.4700% FGN SEP 2024FEDERAL GOVERNMENT OF NIGERIA
FG152025S213.53% FGN MAR 2025FEDERAL GOVERNMENT OF NIGERIA
FG152023S112.75% FGN APR 2023FEDERAL GOVERNMENT OF NIGERIA
FGS20202410.746% FGNSB MAR 2020FEDERAL GOVERNMENT OF NIGERIA
FGS20202610.75% FGNSB APR 2020FEDERAL GOVERNMENT OF NIGERIA
FGS2020289.48% FGNSB MAY 2020FEDERAL GOVERNMENT OF NIGERIA
FGS20212511.746% FGNSB MAR 2021FEDERAL GOVERNMENT OF NIGERIA
FGS20212711.75% FGNSB APR 2021FEDERAL GOVERNMENT OF NIGERIA
FGS20212910.48% FGNSB MAY 2021FEDERAL GOVERNMENT OF NIGERIA
FGS20203010.344% FGNSB JUNE 2020FEDERAL GOVERNMENT OF NIGERIA
FGS20213111.344% FGNSB JUNE 2021FEDERAL GOVERNMENT OF NIGERIA
FGB2022S113.48% FGN DEC 2022FEDERAL GOVERNMENT OF NIGERIA
FGS20203210.483% FGNSB JULY 2020FEDERAL GOVERNMENT OF NIGERIA
FGS20213311.483% FGNSB JULY 2021FEDERAL GOVERNMENT OF NIGERIA
PLA2022SO17.50% PLA MAR 2022PLATEAU STATE GOVT. BOND
UPD2023S116.00% UPD APR 2023UACN PROPERTY DEVELOPMENT CO. PLC
CIB2023S116.54% C&I JUN 2023C & I LEASING PLC
FGS20203410.668% FGNSB AUGUST 2020FEDERAL GOVERNMENT OF NIGERIA
FGS20213511.668% FGNSB AUGUST 2021FEDERAL GOVERNMENT OF NIGERIA
LAB2024T315.60% LAB AUG 2024LAGOS STATE GOVT. BOND
LAB2027T415.85% LAB AUG 2027LAGOS STATE GOVT. BOND
FGS20203611.364% FGS SEP 2020FEDERAL GOVERNMENT OF NIGERIA
FGS20213712.364% FGS SEP 2021FEDERAL GOVERNMENT OF NIGERIA
FGS20203811.175% FGS OCT 2020FEDERAL GOVERNMENT OF NIGERIA
FGS20213912.175% FGS OCT 2021FEDERAL GOVERNMENT OF NIGERIA
FMN2021S115.50% FMN OCT 2021Flour Mills Nigeria Plc
FMN2023S216.00% FMN OCT 2023Flour Mills Nigeria Plc
FGS20204012.390% FGS NOV 2020FEDERAL GOVERNMENT OF NIGERIA
FGS20204212.402% FGS DEC 2020FEDERAL GOVERNMENT OF NIGERIA
FGS202141113.390% FGS NOV 2021FEDERAL GOVERNMENT OF NIGERIA
FGS20214313.402% FGS DEC 2021FEDERAL GOVERNMENT OF NIGERIA
NMR2033S213.80% NMR MAR 2033NIGERIAN MORTGAGE REFINANCE COMPANY PLC
SIM2025S216.25% SIM OCT 2025STERLING INVESTMENT MGT. SPV PLC BOND
MRE2023S2A16.50% MIX SEP 2023MIXTA REAL ESTATE PLC
MRE2023S2B17.75% MIX OCT 2023MIXTA REAL ESTATE PLC
FGS20214412.125% FGS JAN 2021FEDERAL GOVERNMENT OF NIGERIA
FGS20224513.125% FGS JAN 2022FEDERAL GOVERNMENT OF NIGERIA
FGS20214612.050% FGS FEB 2021FEDERAL GOVERNMENT OF NIGERIA
FGS20224713.050% FGS FEB 2022FEDERAL GOVERNMENT OF NIGERIA
FGS20214811.62% FGS MAR 2021FEDERAL GOVERNMENT OF NIGERIA
FGS20224912.62% FGS MAR 2022FEDERAL GOVERNMENT OF NIGERIA
AGB2024S015.50% ABGB MAR 2024ACCESS BANK OF NIGERIA PLC

Listed Companies in the Nigeria Stock Exchange

Company Ticker Sector Date Listed Date Of Incorporation
11 PLCMOBILOIL AND GASJuly 25th 1991December 31st 1951
A.G. LEVENTIS NIGERIA PLC.[BMF]AGLEVENTCONGLOMERATESNovember 29th 1978March 22nd 1958
ABBEY MORTGAGE BANK PLCABBEYBDSFINANCIAL SERVICESOctober 21st 2008August 26th 1991
ACADEMY PRESS PLC.ACADEMYSERVICESJune 15th 1995July 28th 1964
ACCESS BANK PLC.ACCESSFINANCIAL SERVICESNovember 18th 1998February 8th 1989
AFRICA PRUDENTIAL PLCAFRIPRUDFINANCIAL SERVICESNovember 1st 2003March 23rd 2006
AFRICAN ALLIANCE INSURANCE PLC[AWR]AFRINSUREFINANCIAL SERVICESSeptember 17th 2009May 6th 1960
AFROMEDIA PLCAFROMEDIASERVICESMay 18th 2009October 28th 1959
AIICO INSURANCE PLC.AIICOFINANCIAL SERVICESInvalid dateJuly 14th 1970
ALUMINIUM EXTRUSION IND. PLC.[BLS]ALEXNATURAL RESOURCESOctober 4th 1986October 26th 1982
ANINO INTERNATIONAL PLC.[MRS]ANINOOIL AND GASJanuary 2nd 1990June 3rd 1981
ARBICO PLC.ARBICOCONSTRUCTION/REAL ESTATEInvalid dateJune 18th 1958
ASO SAVINGS AND LOANS PLC[MRS]ASOSAVINGSFINANCIAL SERVICESApril 25th 2008November 9th 1995
ASSOCIATED BUS COMPANY PLCABCTRANSSERVICESDecember 20th 2006April 5th 1993
AUSTIN LAZ & COMPANY PLC[BLS]AUSTINLAZINDUSTRIAL GOODSInvalid dateInvalid date
AXAMANSARD INSURANCE PLCMANSARDFINANCIAL SERVICESNovember 19th 2009June 23rd 1989
B.O.C. GASES PLC.BOCGASNATURAL RESOURCESInvalid dateDecember 11th 1959
BERGER PAINTS PLCBERGERINDUSTRIAL GOODSInvalid dateSeptember 1st 1959
BETA GLASS PLC.BETAGLASINDUSTRIAL GOODSJuly 2nd 1986June 2nd 1974
C & I LEASING PLC.[AWR]CILEASINGSERVICESDecember 1st 1997December 28th 1990
CADBURY NIGERIA PLC.CADBURYCONSUMER GOODSInvalid dateJanuary 9th 1965
CAP PLCCAPINDUSTRIAL GOODSInvalid dateInvalid date
CAPITAL HOTEL PLC[BLS]CAPHOTELSERVICESAugust 15th 1990January 16th 1981
CAPITAL OIL PLC[MRF]CAPOILOIL AND GASInvalid dateAugust 29th 1985
CAVERTON OFFSHORE SUPPORT GRP PLC[BLS]CAVERTONSERVICESMay 20th 2014June 2nd 2008
CEMENT CO. OF NORTH.NIG. PLCCCNNINDUSTRIAL GOODSOctober 4th 1993August 15th 1962
CHAMPION BREW. PLC.[BLS]CHAMPIONCONSUMER GOODSSeptember 1st 1983July 31st 1974
CHAMS PLCCHAMSICTInvalid dateSeptember 10th 1985
CHELLARAMS PLC.CHELLARAMCONGLOMERATESApril 1st 1977August 13th 1947
CONOIL PLC[MRF]CONOILOIL AND GASInvalid dateJune 30th 1970
CONSOLIDATED HALLMARK INSURANCE PLCCHIPLCFINANCIAL SERVICESFebruary 22nd 2008August 2nd 1991
CONTINENTAL REINSURANCE PLCCONTINSUREFINANCIAL SERVICESInvalid dateJuly 24th 1985
CORNERSTONE INSURANCE PLC[MRF]CORNERSTFINANCIAL SERVICESAugust 13th 1997July 26th 1991
COURTEVILLE BUSINESS SOLUTIONS PLCCOURTVILLEICTApril 1st 2009January 4th 2005
CUSTODIAN INVESTMENT PLCCUSTODIANFINANCIAL SERVICESJune 12th 2007August 22nd 1991
CUTIX PLC.CUTIXINDUSTRIAL GOODSDecember 8th 1987November 4th 1982
CWG PLC[BMF]CWGICTInvalid dateSeptember 26th 1991
DAAR COMMUNICATIONS PLC[MRF]DAARCOMMSERVICESInvalid dateAugust 18th 1988
DANGOTE CEMENT PLCDANGCEMINDUSTRIAL GOODSInvalid dateFebruary 17th 2010
DANGOTE FLOUR MILLS PLCDANGFLOURCONSUMER GOODSFebruary 4th 2008January 1st 2006
DANGOTE SUGAR REFINERY PLCDANGSUGARCONSUMER GOODSMarch 8th 2007January 4th 2005
DEAP CAPITAL MANAGEMENT & TRUST PLC[DIP]DEAPCAPFINANCIAL SERVICESDecember 17th 2007June 5th 2002
DN TYRE & RUBBER PLC[DIP]DUNLOPCONSUMER GOODSInvalid dateOctober 21st 1961
E-TRANZACT INTERNATIONAL PLC[BLS]ETRANZACTICTAugust 7th 2009Invalid date
ECOBANK TRANSNATIONAL INCORPORATEDETIFINANCIAL SERVICESSeptember 11th 2006October 3rd 1985
EKOCORP PLC.[BLS]EKOCORPHEALTHCAREInvalid dateOctober 9th 1991
ELLAH LAKES PLC.ELLAHLAKESAGRICULTUREJanuary 14th 1993July 2nd 1980
ETERNA PLC.ETERNAOIL AND GASInvalid dateJanuary 13th 1989
EVANS MEDICAL PLC.[DIP]EVANSMEDHEALTHCAREJuly 23rd 1979April 23rd 1954
FBN HOLDINGS PLCFBNHFINANCIAL SERVICESNovember 26th 2012August 13th 2012
FCMB GROUP PLC.FCMBFINANCIAL SERVICESJune 21st 2013November 20th 2012
FIDELITY BANK PLCFIDELITYBKFINANCIAL SERVICESMay 17th 2005November 19th 1987
FIDSON HEALTHCARE PLCFIDSONHEALTHCAREApril 6th 2008March 13th 1995
FIRST ALUMINIUM NIGERIA PLC[MRF]FIRSTALUMINDUSTRIAL GOODSMay 11th 1992August 20th 1960
FLOUR MILLS NIG. PLC.FLOURMILLCONSUMER GOODSAugust 14th 1979September 29th 1960
FORTE OIL PLC.FOOIL AND GASInvalid dateNovember 12th 1964
FORTIS MICROFINANCE BANK PLC[MRF]FORTISMFBFINANCIAL SERVICESJune 20th 2012June 18th 2007
FTN COCOA PROCESSORS PLC[MRS]FTNCOCOAAGRICULTUREInvalid dateAugust 26th 1991
GLAXO SMITHKLINE CONSUMER NIG. PLC.GLAXOSMITHHEALTHCAREInvalid dateJune 23rd 1971
GLOBAL SPECTRUM ENERGY SERVICES PLC[BLS]GSPECPLCSERVICESNovember 27th 2017March 14th 2006
GOLDEN GUINEA BREW. PLC.[RST]GOLDBREWCONSUMER GOODSInvalid dateSeptember 26th 1962
GOLDLINK INSURANCE PLC[MRS]GOLDINSUREFINANCIAL SERVICESFebruary 12th 2008September 8th 1993
GREIF NIGERIA PLCVANLEERINDUSTRIAL GOODSInvalid dateJanuary 20th 1940
GUARANTY TRUST BANK PLC.GUARANTYFINANCIAL SERVICESSeptember 9th 1996July 20th 1990
GUINEA INSURANCE PLC.[MRF]GUINEAINSFINANCIAL SERVICESInvalid dateDecember 3rd 1958
GUINNESS NIG PLCGUINNESSCONSUMER GOODSJanuary 2nd 1965April 29th 1950
HONEYWELL FLOUR MILL PLCHONYFLOURCONSUMER GOODSOctober 20th 2009July 9th 1985
IKEJA HOTEL PLCIKEJAHOTELSERVICESInvalid dateInvalid date
INFINITY TRUST MORTGAGE BANK PLC[BLS]INFINITYFINANCIAL SERVICESDecember 11th 2013January 1st 1992
INTERLINKED TECHNOLOGIES PLC[BLS]INTERLINKSERVICESNovember 13th 1993November 17th 1981
INTERNATIONAL BREWERIES PLC.[MRF]INTBREWCONSUMER GOODSInvalid dateDecember 22nd 1971
INTERNATIONAL ENERGY INSURANCE PLC[MRS]INTENEGINSFINANCIAL SERVICESJuly 13th 2007March 26th 1969
JAIZ BANK PLCJAIZBANKFINANCIAL SERVICESJanuary 9th 2017April 1st 2003
JAPAUL OIL & MARITIME SERVICES PLCJAPAULOILOIL AND GASInvalid dateInvalid date
JOHN HOLT PLC.JOHNHOLTCONGLOMERATESMay 17th 1974August 28th 1961
JULI PLC.[MRF]JULISERVICESJuly 11th 1986September 14th 1972
JULIUS BERGER NIG. PLC.JBERGERCONSTRUCTION/REAL ESTATESeptember 20th 1991February 18th 1970
LAFARGE AFRICA PLC.[MRF]WAPCOINDUSTRIAL GOODSInvalid dateFebruary 24th 1959
LASACO ASSURANCE PLC.[MRF]LASACOFINANCIAL SERVICESInvalid dateDecember 20th 1979
LAW UNION AND ROCK INS. PLC.[MRF]LAWUNIONFINANCIAL SERVICESJuly 9th 1990June 17th 1969
LEARN AFRICA PLCLEARNAFRCASERVICESInvalid dateOctober 8th 1961
LINKAGE ASSURANCE PLCLINKASSUREFINANCIAL SERVICESNovember 18th 2003March 26th 1991
LIVESTOCK FEEDS PLC.LIVESTOCKAGRICULTUREApril 1st 1978March 20th 1963
MAY & BAKER NIGERIA PLC.MAYBAKERHEALTHCARENovember 10th 1994April 9th 1944
MCNICHOLS PLCMCNICHOLSCONSUMER GOODSDecember 18th 2009April 26th 2004
MEDVIEW AIRLINE PLC[BLS]MEDVIEWAIRSERVICESInvalid dateAugust 11th 2004
MEYER PLC.MEYERINDUSTRIAL GOODSInvalid dateMay 20th 1960
MORISON INDUSTRIES PLC.MORISONHEALTHCAREInvalid dateJune 29th 1955
MRS OIL NIGERIA PLC.MRSOIL AND GASInvalid dateAugust 12th 1969
MULTI-TREX INTEGRATED FOODS PLC[BMF]MULTITREXCONSUMER GOODSNovember 1st 2010October 30th 1999
MULTIVERSE MINING AND EXPLORATION PLCMULTIVERSENATURAL RESOURCESApril 18th 2008June 20th 2002
MUTUAL BENEFITS ASSURANCE PLC.[MRF]MBENEFITFINANCIAL SERVICESMay 28th 2002April 18th 1995
N NIG. FLOUR MILLS PLC.NNFMCONSUMER GOODSInvalid dateOctober 29th 1971
NASCON ALLIED INDUSTRIES PLCNASCONCONSUMER GOODSOctober 20th 1992April 30th 1973
NCR (NIGERIA) PLC.NCRICTMay 30th 1979December 9th 1949
NEIMETH INTERNATIONAL PHARMACEUTICALS PLCNEIMETHHEALTHCARESeptember 21st 1979August 30th 1957
NEM INSURANCE PLCNEMFINANCIAL SERVICESSeptember 5th 1990April 2nd 1970
NESTLE NIGERIA PLC.NESTLECONSUMER GOODSApril 20th 1979September 25th 1969
NEWREST ASL NIGERIA PLC[DIP]AIRSERVICESERVICESJuly 25th 2007June 12th 1996
NIGER INSURANCE PLC[MRF]NIGERINSFINANCIAL SERVICESSeptember 1st 1993August 29th 1962
NIGERIA ENERYGY SECTOR FUNDNESFFINANCIAL SERVICESJune 18th 1999October 26th 1998
NIGERIA-GERMAN CHEMICALS PLC.[MRS]NIG-GERMANHEALTHCAREInvalid dateJanuary 10th 1964
NIGERIAN AVIATION HANDLING COMPANY PLCNAHCOSERVICESNovember 27th 2006April 8th 2005
NIGERIAN BREW. PLC.NBCONSUMER GOODSSeptember 5th 1973November 16th 1946
NIGERIAN ENAMELWARE PLC.ENAMELWACONSUMER GOODSDecember 28th 1979May 21st 1960
NOTORE CHEMICAL IND PLC[BLS]NOTOREINDUSTRIAL GOODSAugust 2nd 2018November 30th 2005
NPF MICROFINANCE BANK PLC[MRF]NPFMCRFBKFINANCIAL SERVICESDecember 1st 2010May 19th 1993
OANDO PLCOANDOOIL AND GASFebruary 24th 1992August 25th 1969
OKOMU OIL PALM PLC.OKOMUOILAGRICULTUREMarch 11th 1991December 3rd 1979
OMATEK VENTURES PLC[MRF]OMATEKICTJune 18th 2008July 6th 1998
OMOLUABI MORTGAGE BANK PLC[MRF]OMOMORBNKFINANCIAL SERVICESNovember 4th 2014March 9th 1999
P Z CUSSONS NIGERIA PLC.PZCONSUMER GOODSInvalid dateApril 12th 1948
PHARMA-DEKO PLC.PHARMDEKOHEALTHCAREInvalid dateApril 18th 1969
PORTLAND PAINTS & PRODUCTS NIGERIA PLC[BLS]PORTPAINTINDUSTRIAL GOODSJuly 9th 2009September 3rd 1985
PREMIER PAINTS PLC.PREMPAINTSINDUSTRIAL GOODSMarch 7th 1995August 24th 1982
PRESCO PLC[MRF]PRESCOAGRICULTUREOctober 10th 2002September 24th 1991
PRESTIGE ASSURANCE PLCPRESTIGEFINANCIAL SERVICESDecember 3rd 1990January 6th 1970
R T BRISCOE PLC.[MRF]RTBRISCOESERVICESMarch 15th 1974March 9th 1957
RAK UNITY PET. COMP. PLC.RAKUNITYOIL AND GASInvalid dateDecember 20th 1982
RED STAR EXPRESS PLCREDSTAREXSERVICESNovember 14th 2007July 10th 1992
REGENCY ASSURANCE PLCREGALINSFINANCIAL SERVICESMay 27th 2008June 16th 1993
RESORT SAVINGS & LOANS PLC[MRF]RESORTSALFINANCIAL SERVICESInvalid dateJune 17th 1992
ROADS NIG PLC.[MRF]ROADSCONSTRUCTION/REAL ESTATEInvalid dateOctober 11th 1974
ROYAL EXCHANGE PLC.[MRF]ROYALEXFINANCIAL SERVICESDecember 3rd 1990February 28th 1921
S C O A NIG. PLC.SCOACONGLOMERATESInvalid dateJune 24th 1969
SECURE ELECTRONIC TECHNOLOGY PLCNSLTECHSERVICESDecember 14th 2007January 3rd 2000
SEPLAT PETROLEUM DEVELOPMENT COMPANY PLCSEPLATOIL AND GASApril 14th 2014June 17th 2009
SKYE BANK PLC[MRF]SKYEBANKFINANCIAL SERVICESInvalid dateDecember 8th 1989
SKYE SHELTER FUND PLCSKYESHELTCONSTRUCTION/REAL ESTATEFebruary 26th 2008Invalid date
SKYE SHELTER FUND PLCSKYESHELTCONSTRUCTION/REAL ESTATEInvalid dateInvalid date
SKYWAY AVIATION HANDLING COMPANY PLC[BLS]SKYAVNSERVICESApril 26th 2019April 22nd 2009
SMART PRODUCTS NIGERIA PLC[MRF]SMURFITCONSTRUCTION/REAL ESTATEInvalid dateNovember 1st 1966
SOVEREIGN TRUST INSURANCE PLCSOVRENINSFINANCIAL SERVICESNovember 29th 2006February 26th 1980
STACO INSURANCE PLC[MRF]STACOFINANCIAL SERVICESJune 25th 2007July 10th 1991
STANBIC IBTC HOLDINGS PLCSTANBICFINANCIAL SERVICESNovember 23rd 2012March 14th 2012
STANDARD ALLIANCE INSURANCE PLC.[MRF]STDINSUREFINANCIAL SERVICESDecember 19th 2003July 28th 1981
STERLING BANK PLC.STERLNBANKFINANCIAL SERVICESAugust 17th 1993November 25th 1960
STUDIO PRESS (NIG) PLC.STUDPRESSSERVICESSeptember 13th 1979July 9th 1965
SUNU ASSURANCES NIGERIA PLC.SUNUASSURFINANCIAL SERVICESInvalid dateDecember 13th 1984
TANTALIZERS PLCTANTALIZERSERVICESInvalid dateInvalid date
THE INITIATES PLCINITSPLCSERVICESOctober 25th 2016March 3rd 1995
THOMAS WYATT NIG. PLC.[RST]THOMASWYNATURAL RESOURCESOctober 26th 1978March 18th 1948
TOTAL NIGERIA PLC.TOTALOIL AND GASInvalid dateJanuary 6th 1956
TOURIST COMPANY OF NIGERIA PLC.[DIP]TOURISTSERVICESInvalid dateOctober 4th 1964
TRANS-NATIONWIDE EXPRESS PLC.TRANSEXPRSERVICESSeptember 7th 1992March 28th 1984
TRANSCORP HOTELS PLC[BLS]TRANSCOHOTSERVICESJanuary 15th 2015July 12th 1994
TRANSNATIONAL CORPORATION OF NIGERIA PLCTRANSCORPCONGLOMERATESInvalid dateNovember 16th 2004
TRIPPLE GEE AND COMPANY PLC.TRIPPLEGICTApril 2nd 2013April 14th 1980
U A C N PLC.UACNCONGLOMERATESInvalid dateApril 22nd 1931
UACN PROPERTY DEVELOPMENT COMPANY PLC[AWR]UAC-PROPCONSTRUCTION/REAL ESTATEInvalid dateOctober 6th 1997
UNIC DIVERSIFIED HOLDINGS PLC.[MRF]UNICFINANCIAL SERVICESInvalid dateApril 2nd 1965
UNILEVER NIGERIA PLC.UNILEVERCONSUMER GOODSJanuary 1st 1973November 4th 1923
UNION BANK NIG.PLC.[BMF]UBNFINANCIAL SERVICESInvalid dateInvalid date
UNION DIAGNOSTIC & CLINICAL SERVICES PLCUNIONDACHEALTHCARESeptember 11th 2008March 16th 1999
UNION DICON SALT PLC.[BRS]UNIONDICONCONSUMER GOODSSeptember 23rd 1993November 12th 1991
UNION HOMES REAL ESTATE INVESTMENT TRUST (REIT)UHOMREITCONSTRUCTION/REAL ESTATEFebruary 5th 2008Invalid date
UNION HOMES SAVINGS AND LOANS PLC.[MRS]UNHOMESFINANCIAL SERVICESApril 24th 2006November 6th 1992
UNITED BANK FOR AFRICA PLCUBAFINANCIAL SERVICESMarch 31st 1970February 23rd 1961
UNITED CAPITAL PLCUCAPFINANCIAL SERVICESNovember 1st 2013March 14th 2002
UNITY BANK PLCUNITYBNKFINANCIAL SERVICESDecember 22nd 2005April 27th 1987
UNIVERSAL INSURANCE PLC[MRF]UNIVINSUREFINANCIAL SERVICESFebruary 11th 2008March 1st 1961
UNIVERSITY PRESS PLC.UPLSERVICESAugust 14th 1978August 14th 1978
UPDC REAL ESTATE INVESTMENT TRUSTUPDCREITCONSTRUCTION/REAL ESTATEFebruary 26th 2008March 27th 2013
VALUEALLIANCE VALUE FUNDVALUEFUNDFINANCIAL SERVICESJuly 27th 2011Invalid date
VERITAS KAPITAL ASSURANCE PLC[MRF]VERITASKAPFINANCIAL SERVICESInvalid dateAugust 8th 1973
VITAFOAM NIG PLC.VITAFOAMCONSUMER GOODSInvalid dateApril 8th 1962
WAPIC INSURANCE PLC[MRF]WAPICFINANCIAL SERVICESInvalid dateMarch 14th 1958
WEMA BANK PLC.WEMABANKFINANCIAL SERVICESFebruary 13th 1991May 2nd 1945
ZENITH BANK PLCZENITHBANKFINANCIAL SERVICESOctober 21st 2004May 30th 1990

List of Nigerian Stock Exchange Delisted Companies

The following Corporates were delisted from the Daily Official List of the Exchange between 2002 and April 2019​.

S/NCOMPANYDATE DELISTEDREASON FOR DELISTING
1IMPRESIT BAKOLORI PLC​​2002Voluntary
2DUMEZ NIGERIA PLC2002Regulatory: NSE
3CFOA NIGERIA PLC2007Voluntary
4ACEN INSURANCE PLC2008Regulatory: NAICOM
5ATLAS NIGERIA PLC2008Regulatory: NSE
6CERAMICS MANUFACTURING COMPANY PLC2008Regulatory: NSE
7AMICABLE INSURANCE PLC2008Regulatory: NAICOM
8BAICO INSURANCE PLC2008Regulatory: NAICOM
9BEVERAGES (WA) NIGERIA PLC2008Regulatory: NSE
10ENPEE PLC2008Voluntary
11TATE INDUSTRIES PLC2008Regulatory: NSE
12MAUREEN LAB. PLC2008Regulatory: NSE
13RIETZCOT NIGERIA PLC2008Regulatory: NSE
14INTRA MOTORS NIG. PLC2008Regulatory: NSE
15AVIATION DEVELOPMENT COMPANY PLC2008Regulatory: NSE
16GROMMAC INDUSTRIES PLC2008Regulatory: NSE
17ONWUKA HI-TEK. PLC2008Regulatory: NSE
18NIGERIAN LAMPS PLC2008Regulatory: NSE
19NIGERIAN YEAST & ALCOHOL MANUFACTURING PLC2008Regulatory: NSE
20SECURITY ASSURANCE PLC2008Regulatory: NAICOM
21SUN INSURANCE PLC2008Regulatory: NAICOM
22NIGERIAN TEXTILES MILLS PLC2008Voluntary
23FOOTWEAR MANUFACTURING PLC2009Regulatory: NSE
24FERDINAND OIL MILLS PLC2009Regulatory: NSE
25CHRISTLIEB PLC2009Regulatory: NSE
26BCN PLC2009Regulatory: NSE
27LIZ-OLOFIN & COMPANY PLC2009Regulatory: NSE
28OLUWA GLASS COMPANY PLC2009Regulatory: NSE
29ASABA TEXTILE MILLS PLC2009Regulatory: NSE
30ABOSELDEHYDE LABORATORIES PLC2009Regulatory: NSE
31EPIC DYNAMIC PLC2009Regulatory: NSE
32FAMAD PLC2009Regulatory: NSE
33ABA TEXTILE MILLS PLC2009Regulatory: NSE
34AFPRINT PLC2010Regulatory: NSE
35INCAR PLC2010Voluntary
36NIGERCEM PLC2011Regulatory: NSE
37DAILY TIMES PLC2011Regulatory: NSE
38ALBARKA AIRLINE PLC2011Regulatory: NSE
39FOREMOST DAIRIES PLC2011Regulatory: NSE
40WIGGINS TEAPE NIGERIA PLC2011Regulatory: NSE
41OKITIPUPA OIL PALM PLC2011Regulatory: NSE
42FIRST CAPITAL INVESTMENT & TRUST PLC2011Regulatory: NSE
43FLEXIBLE PACKAGING PLC2011Regulatory: NSE
44NEWPAK PLC2011Regulatory: NSE
45KRABO NIGERIA PLC2011Regulatory: NSE
46TROPICAL PETROLEUM PLC2011Regulatory: NSE
48NAMPAK PLC2011Voluntary
49UNITED NIGERIA TEXTILE PLC2011Voluntary
50BANK PHB PLC2011Nationalised: CBN
51AFRIBANK PLC2011Nationalised: CBN
52SPRING BANK PLC2011Nationalised: CBN
53INTERCONTINENTAL BANK PLC2011Merged with Access Bank Plc.
54OCEANIC BANK PLC2011Merged with ETI
55FINBANK PLC2011Merged with FCMB Plc
56ECOBANK PLC2011Absorbed by ETI: Now Ecobank Nigeria Ltd
57ABPLAST PLC2012Regulatory: NSE
58UDEOFSIN GARMENT PLC2012Regulatory: NSE
59HALLMARK PAPER PRODUCT PLC2012Regulatory: NSE
60NIGERIAN BAG MANUFACTURING COMPANY PLC11-Apr-2013Merged with Flour Mills Plc
61CRUSADER INSURANCE NIGERIA PLC13-May-2013Merged with Custodian & Allied Insurance Plc
62WEST AFRICAN ALUMINIUM PLC3-Jun-2013Regulatory: NSE
63NIGERIAN WIRE INDUSTRIES PLC3-Jun-2013Regulatory: NSE
64BIG TREAT PLC24-Nov-2014Regulatory
65AFROIL PLC24-Nov-2014Regulatory
66STARCOMMS PLC24-Nov-2014Regulatory
67PINNACLE POINT GROUP24-Nov-2014Regulatory
68​POLY PRODUCTS PLC12-Dec-2014​Voluntary
69OASIS INSURANCE PLC31-Dec-2014Acquired by FBN Life Insurance
70CAPPA AND D’ALBERTO PLC16-Jan-2015​Voluntary
71NIGERIAN SEWING MACHINE MANUFACTURING PLC13-Jul-2015Regulatory: NSE
72STOCKVIS PLC13-Jul-2015Regulatory: NSE
73NIGERIA WIRE & CABLE PLC13-Jul-2015Regulatory: NSE
74IPWA PLC18-May-2016​Regulatory: NSE
75G. CAPPA PLC18-May-2016​Regulatory: NSE
76WEST AFRICAN GLASS INDUSTRIES PLC 18-May-2016​Regulatory: NSE
77INVESTMENT & ALLIED INSURANCE PLC18-May-2016​Regulatory: NSE
78ALUMACO PLC18-May-2016​Regulatory: NSE
79JOS INTERNATIONAL BREWERIES PLC18-May-2016​Regulatory: NSE
80ADSWITCH PLC18-May-2016​Regulatory: NSE
81ROKANNA PLC18-May-2016​Regulatory: NSE
82VONO PRODUCTS NIGERIA PLC23-May-2016Merged with Vitafoam Plc
83LENNARDS (NIGERIA) PLC1-Dec-2016Regulatory: NSE
84P.S MANDRIDES & COMPANY PLC1-Dec-2016Regulatory: NSE
85PREMIER BREWERIES PLC1-Dec-2016​Regulatory: NSE
86COSTAIN (W.A) PLC 1-Dec-2016​Regulatory: NSE
87NAVITUS ENERGY PLC1-Dec-2016​Regulatory: NSE
88NIGERIAN ROPES PLC1-Dec-2016​Regulatory: NSE
89BECO PETROLEUM PRODUCTS PLC2-May-2017​Regulatory: NSE​
90MTECH COMMUNICATIONS PLC2-May-2017​Regulatory: NSE
91MTI PLC2-May-2017​Regulatory: NSE
92UTC PLC2-May-2017Regulatory: NSE
93ASHAKACEM PLC4-Jul-2017Merger with Lafarge Africa Plc
94AVON CROWN CAPS AND CONTAINERS PLC 18-Sep-2017Voluntary   
95SEVEN-UP BOTTLING COMPANY PLC5-Mar-2018Voluntary 
96AFRICAN PAINTS (NIGERIA) PLC6-Apr-2018​Regulatory: NSE
97AFRIK PHARMACEUTICALS PLC6-Apr-2018Regulatory: NSE
98PAINTS AND COATINGS MANUFACTURERS NIGERIA PLC17-Aug-2018​Voluntary ​
99GREAT NIGERIA INSURANCE PLC25-Jan-2019Voluntary 
100DIAMOND BANK PLC1-Apr-2019Merged with Access Bank Plc

What you need to know about FGN ​​SAVINGS BOND​​​

NSE Regulation

The Debt Management Office (DMO) of Nigeria, on behalf of the Federal Government of Nigeria, has launched a new retail investment programme – the “Federal Government of Nigeria (FGN) Savings Bond” – to help enhance the savings culture among Nigerians while providing all citizens irrespective of income level, an opportunity to contribute to National Development; as well as the comparatively​ favourable returns available in the capital market. FGN Savings Bond is safe and backed by the full faith and credit of the Federal Government of Nigeria, with quarterly coupon payments to bondholders.   Features Minimum subscription of N5,000 with additions in multiple of N1,000; subject to a maximum of N50 million. Fixed coupon will be paid quarterly to investors. Bond tenors will range from 2 – 3 years tenor. It will be issued on a Monthly Basis through an Offer for Subscription. Monthly offer will be open for 5 days from the date of announcement.
Benefits The coupon/interest income from the Savings Bond are tax-free. The bondholder enjoys coupon/interest on a quarterly basis which is paid directly to his/her bank account It makes it possible for individuals to plan and save towards personal projects. FGN Savings Bonds are liquid as Secondary Market trading will be on the trading platform of the Nigerian Stock Exchange (NSE) The FGN Savings Bond is acceptable as collateral for loans. It offers guaranteed returns, and encourages financial inclusion.  How To Invest Investors  are to  subscribe through Dealing Members of the NSE accredited by the DMO to act as Distribution Agents. ​
Frequently Asked Questions​Fact Sheet​​​November 2017 FGN Savings Bond Offer for Subscription
FGN Savings Bond: Features, Trading and Opportunities​​Public Notice on the FGN Savings Bond
List of Stockbroking Firms accredited by the DMO to Market and Distribute FGN Savings Bond