Sentiments remained broadly positive in the second trading week of the year, as investors continued to cherry-pick stocks with attractive dividend yields ahead of FY 2020 dividend declarations. Interestingly, the local bourse recorded gains in all the trading sessions of the week. Accordingly, the All-Share Index rose by 2.6% w/w […]
Author: InvestAdvocate
Heirs Holdings Acquires 45% of OML 17 from Shell, Total, ENI for $1.1 billion
January 15, 2021/Heirs Holdings Acquires 45% of OML 17 from Shell, Total and ENI Existing Production Capacity of 27,000 barrels of oil equivalent per day Estimated 2P Reserves of 1.2 billion barrels of oil equivalent Estimated Additional 1 billion barrels of oil equivalent of further exploration potential T Tony […]
PFAs Increase Investments in FGN Bonds by N935 Billion to N6.64 Trillion in 9 Months
January 15, 2021/Cowry Asset Freshly released report on pension fund assets by National Pension Commission (NPC) showed that the total value of pension assets for the first nine months of the year rose by 10.90% to N11.57 trillion in September 2020. According to the report, most of the pension fund […]