Investors Bite

Nigerian Stocks Sustain Negative Trend, Depreciates -0.59%

January 28, 2020/InvestmentOne Report The Nigerian equities market closed negative today as NSE-ASI lost 0.59% to close at 29,378.63pts. Similarly, in today’s trade, market breadth index was negative with 23 losers against 9 gainers. ABCTRANS (-9.76%) was the top loser today while JBERGER (+9.93%)  led the gainers’ chart.                                                                                                  STANBIC (-2.35%) was the […]

Union Bank Announces Planned Divestment of its UK Subsidiary

January 28, 2020/Union Bank of Nigeria Plc Union Bank of Nigeria Plc. (“Union Bank”) today announced that it has entered a share sale and purchase agreement to divest of its 100% equity stake in Union Bank UK Plc. (“UBUK”). This sale is aligned with Union Bank’s strategy to geographically streamline […]

Equatorial Guinea officially launches Year of Investment 2020 Campaign

January 28, 2020/Africa Oil & Power Conference Equatorial Guinea has kicked off a year-long investment campaign aimed at driving capital investment into the country’s bankable projects; Major U.S. firms have pledged to increase their investment in Equatorial Guinea in 2020, along with Nigerian banking and financial institutions; Notable investment-ready projects […]