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A bond Auction to Satisfy the DMO

Culled—Proshare June 23, 2017/FBNQuest Research The DMO may view Wednesday’s monthly auction of FGN bonds as a success. While it raised N99bn (US$320m) rather than its offer of N140bn, it… Read more »

Nigerian Bourse Reports 4.99% Loss W-o-W, Y-t-D Return Shrank to 19.53%

June 23, 2017/Cordros Researcht Click here to download full PDF Report Nigerian Capital Market Equities The market bucked four consecutive weeks of uptrend, as the All Share Index declined by… Read more »

Summary of FGN Bond Auction Results for June 2017

Culled—Proshare June 22, 2017/DMO Click here to download PDF Update Auction Result for the 14.50% FGN JUL 2021 (Re-opening), 16.2884% FGN MAR 2027 (Re-opening 10- Year Bond) & 16.2499% FGN… Read more »

CONOIL Reports N4.3 Billion Pretax Profit, Offers Investors N3.10 Total Dividend in 2016

By Kingsley Ogunwa InvestAdvocate Click here to download full PDF Report Lagos (INVESTADVOCATE)-Oil marketing major, Conoil Plc on Wednesday said its pretax profit for the period ended December 31, 2016… Read more »

NSE Review Market Indices

June 21, 2017/NSE The Nigerian Stock Exchange (NSE or “The Exchange”) is pleased to announce the expected review of the NSE 30, and the six sectoral indices of the Exchange,… Read more »

Nigerian Stocks Ends 5-Day Gaining Streak, Plummets 1.67% on Profit Taking

June 21, 2017/Cordros Research Click here to download full PDF Report EQUITIES Nigerian equities bucked a 5-day gaining streak, with a market-wide profit-taking causing the All Share Index to reverse… Read more »

ASI: Intraday Update

June 21, 2017/InvestmentOne Research ASI as at 12.00pm: -0.64% Market movers: UBA (-7.34%), STERLNBANK (-6.80%), NEIMETH (+9.09%), CUTIX (+5.64%) Sector Performances: Banking (-1.65%), Consumer Goods (-0.10%), Oil & Gas (-0.45%)… Read more »

Bob Diamond’s Africa bank ups stake in Union Bank of Nigeria

June 21, 2017/Reuters Atlas Mara Ltd, the African investment vehicle of former Barclays boss Bob Diamond, said on Wednesday that it plans to raise $200 million to increase its stake… Read more »