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Scheme of Merger: International Breweries Lists 5.3 Billion Shares

By InvestAdvocate Lagos (INVESTADVOCATE)-Brewer, International Breweries Plc on Thursday listed 5,301,612,656 ordinary shareson the daily official list of the Nigerian Stock Exchange (NSE). This is coming on the heels of… Read more »

Stocks Sustain Bearish Run on Sell-Offs in Major Banking, Industrial Goods Counters

December 14, 2017/InvestmentOne Research Similar to yesterday, the equities market ended today’s trading session on a bearish note as the NSE-ASI shed -1.56% to close down at 37,950.73pts.  Market breadth… Read more »

FG to Issue Debut Green Bond in the Domestic Market

December 14, 2017/NSE As part of the preparations towards the Issuance of the first Sovereign Green Bond, the Debt Management Office would sensitize the prospective investors in the Bond through… Read more »

PZ Cussons Says H1’2018 Pretax Profit Down 47.67% Year-on-Year

December 14, 2017/InvestmentOne Report PZ Cussons Plc released its Q2 2018 (end – November).  Please find key highlights below; Q2 2018:  ·         Revenue of N22.22bn; up +17.59% q/q, up +34.29%… Read more »

Intraday Update: NSEASI Down 0.77% on Profit-Taking across Major Sectors

December 14, 2017/InvestmentOne Report ASI as at 12.00pm: -0.77%  Market movers: FLOURMILL (-9.71%),  CUSTODIAN (-4.81%), FCMB (+2.34%), FIDELITYBK (+1.69%).  Sector Performances: Banking (-0.19%), Consumer Goods (-0.39%), Industrial (-1.15%), Oil &… Read more »

Extremely Bullish bond Auction to take yields to Sub-13% Levels

Culled—Proshare 13/12/2017/Zedcrest Capital  KEY INDICATORS Inflation 15.91% Declined by 0.07% in October from 15.98% in September 2017 MPR 14.00% Left unchanged at 14.00% at the MPC meeting of November 2017… Read more »

Lafarge Africa Names Adewunmi Alode as Company Secretary

December 14, 2017/NSE Lafarge Africa Plc. (“LAP”) hereby formally notifies the Exchange of the appointment of Mrs. Adewunmi Alode as Company Secretary with effect from Tuesday, 12th December 2017. Adewunmi… Read more »

Dangote Cement Names Viswanathan Shankar as a Non-Executive Director

December 14, 2017/NSE Dangote Cement Plc. (DANGCEM-NL), Africa’s largest cement producer, announces the appointment of Viswanathan Shankar as a Non-Executive Director. Mr. Shankar is Chief Executive Officer of Gateway Partners,… Read more »

AfDB Says EUR 500 million 0.250% 7-year Social Bond Transaction – Due 21 November 2024

December 13, 2017/AfDB  Final terms of the transaction Issuer African Development Bank Ratings Aaa / AAA / AAA (Moody’s / S&P / Fitch) Principal Amount EUR 500,000,000 Pricing Date 14… Read more »

Nigeria Still Investors Destination – IMF

December 13, 2017/SEC Monetary and regulatory authorities in Nigeria have been enjoined to roll out policies that would bring down the inflation rate in the country as well as increase… Read more »