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Offshore Sellers Move Bond Yields higher ahead of CBN MPC Meeting

Culled—Proshare 18/5/2018/Zedcrest Capital ***Pension fund Assets rise to N7.94tn as at March 2018*** Bonds The Bond market traded on a bearish note with yields rising higher by c.8bps due to… Read more »

NASD USI Sheds 1.48% WoW

Culled—Proshare 18/5/2018/NASD Plc The Week in Review The NASD OTC Market ends the week with a decrease in market metrics, as the NASD USI decreased by 1.48%, closing at 675.43 points (as against 685.62 points last… Read more »

SEC Obtains Preliminary Injunction and Continuing Asset Freeze Against Biotech Start-up and CEO

18/5/2018/US SEC On May 18, 2018, a federal district court in Massachusetts entered a preliminary injunction against PixarBio Corporation, Francis M. Reynolds, Kenneth A. Stromsland, and M. Jay Herod, restraining… Read more »

Security Guard to Company Board Member Settles Insider Trading Charges

18/5/2018/US SEC On May 1, 2018, a federal district court entered a consent judgment against Kingston, Pennsylvania resident Todd David Alpert, for insider trading. According to the SEC’s complaint, Alpert,… Read more »

NSE Says Foreign Investors Outperform Domestic Investors by 15.48% in April 2018

May 18, 2018/NSE On a monthly basis, The Nigerian Stock Exchange polls trading figures from major custodians and market operators on their Foreign Portfolio Investment (FPI) flows. The table below… Read more »

Nigerian Equities Plunge -0.44%, Records W-t-D Decline of -1.34%

May 18, 2018/InvestmentOne Report The Nigerian equities market closed down today as NSE-ASI lost 0.44%. Also, WTD was down by 1.34%. Similarly, market breadth index was negative with 20 gainers… Read more »

Intraday Update: Nigerian Stocks Flat at 0.00%, Driven By Sell-Offs Across Sectors

May 18, 2018/InvestmentOne Update ASI as at 12.00pm: 0.00%. Market movers: JAPAULOIL (-6.25%), NIGERINS (-4.55%), OANDO (+9.27%), SOVRENINS (+8.33%). Sector Performances: Industrial (+0.56%), Oil & Gas (-0.53%),Consumer Goods (-0.42%), Banking… Read more »

FG opens online portal for investors

May 18, 2018/Vanguard The Federal Government has launched an up-to-date online portal, `iGuide Nigeria’, containing necessary information and relevant data for willing investors. The Permanent Secretary of the Ministry, Mr… Read more »

Market Players Under-subscribe CBN OMO due to System Liquidity Strain

Culled—Proshare 17/5/2018/Zedcrest Capital *** Fitch Affirms Nigeria at ‘B+’; Outlook Negative*** Bonds The bond market traded on a mixed note, with yields compressing by c.2bps on average, due to some… Read more »

SEC Moves Quickly To Shut Down Fake Pre-IPO Share Scam

17/5/2018/US SEC The Securities and Exchange Commission today announced the unsealing of fraud charges against a defendant who stole at least $400,000 from investors through the sale of non-existent pre-IPO… Read more »