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NASD USI Gains 0.23% WoW

Culled—Proshare March 23, 2018/NASD Plc Taking the Capital Market Upstream! In continuing our efforts to deepen the reach and impact of the capital market in the “real”economy, NASD sponsored an Investment… Read more »

UBA Says 2017 Pretax Profit Up 16.1%, Offers Investors 65 Kobo Dividend

By Abdulquddus OKELE InvestAdvocate Lagos (INVESTADVOCATE)-Africa’s global lender, the United Bank for Africa Plc (UBA) on Friday announced its pretax profit for the period ended December 31, 2017 climbed up… Read more »

Nigerian Stocks Down 1.11% Week-on-Week

By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange all-share index (NSEASI) and market capitalisation dipped 1.11 percent and 0.14 percent to close the week at 41,472.10 and N14.982 trillion respectively. “Similarly,… Read more »

United Bank for Africa Plc | First Glance: FY-17; Fair Performance

March 23, 2018/Cordros Report United Bank for Africa Plc (UBA) released its FY-2017 results, showing  growth in top and bottom line items – Gross earnings (+20.31% to NGN461.56 billion) and… Read more »

Intraday Update: NSEASI Up +0.57% on Continuous Buy Interest Across Sectors

March 23, 2018/InvestmentOne Research ASI as at 12.00pm: +0.57%. Market movers: CADBURY (+9.81%), JAPAULOIL (+9.52%), FTNCOCOA (-8.33%), FIDSON (-4.95%). Sector Performances: Banking (+2.18%), Industrial (+0.92%), Consumer Goods (+0.11%), Oil &… Read more »

March 2018 FGN Bond Auction – Total Subscription Put At N142.81bn

Culled—-Proshare March 23, 2018/DMO  The Debt Management Offices wishes to inform the General Public that it has conducted the third in the series of FGN Bond Auctions for the year… Read more »

Another Decent Outcome for the DMO

Culled—-Proshare March 23, 2018/FBNQuest Research    At this week’s monthly auction of FGN bonds, the DMO offered N80bn, attracted a total bid of N143bn and raised N64bn (US$210m) from sales. It… Read more »

Petrolex, MAN, NIPC, others canvass for private investment in infrastructural development in Ogun

March 23, 2018/Zenera Consulting Policy makers and investors have urged Ogun State government to encourage private investment in infrastructural development. This was said during the Day 2 of the recently… Read more »

Dropbox IPO priced higher than expected on strong demand

22/3/2018/Reuters Liana B. Baker, Nikhil Subba   Dropbox Inc’s (DBX.O) initial public offering, the largest tech stock debut in more than a year, was priced at $21 per share, the… Read more »

MTN Raises Target for Ghana IPO to $787 Million

22/3/2018/Bloomberg By Moses Mozart Dzawu Share sale awaiting regulatory approval, likely to begin April Mobile-phone company preparing to list 35 percent stake MTN Group Ltd.’s Ghanaian unit lifted its target… Read more »