Inflation Declined by 5 bps to 16.05% in July 2017 – The National Bureau of Statistics has released its CPI and Inflation Report for the month of July 2017. The report showed the inflation rate declined marginally from 16.1% in June to 16.05% in July, representing the 6th consecutive month of decline in the inflation rate.

Consolidated Hallmark Insurance Plc has submitted an application to the Nigerian Stock Exchange for the approval and listing of 1,000,000,000 Ordinary Shares of 50 kobo each at 50 kobo per share on the basis of 1 new Ordinary Shares for every 6 held as at today, 28th August, 2017.
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OANDO PLC – Update on SEC Investigation
In addition to its initial Press Release of 14th July, 2017, Oando Plc has released a further update to the investigation by the Securities & Exchange Commission (SEC) following the filing of two petitions with the commission. The Company maintained its stance that the petitions have no merit as it received the approval of its Board, Shareholders and SEC on the issues raised.
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MRS OIL NIGERIA PLC – Change of Registrars
MRS Oil Nigeria Plc has notified the market of its Board’s approval of the appointment of First Registrars and Investor Services Limited as the new Registrars to the Company. The current Registrars, CardinalStone Registrars Limited, would hand over to the new Registrars with the next 30 days.
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UnityKapital Assurance Plc has notified the Exchange of the appointment of Mr. Polycarp O. Didam as the Managing Director/CEO of the Company following the receipt of the approval of his appointment by the National Insurance Commission. Polycarp was formerly the MD/CEO of Fin Insurance Company Limited and Guinea Insurance Plc, and also served as Group Lead (Public Sector/Corporate Business, North) at AXA Mansard Insurance Plc.
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