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Bond Yields Stay Flat as CBN Resumes OMO

Culled—Proshare March 19, 2018/Zedcrest Capital ***CBN Fixes April 3 and 4 for MPC Meeting*** Bonds The Bond market opened the week on a relatively quiet note with mixed sentiments observed… Read more »

SEC Charges Theranos Inc, CEO, Former President on $700 Million Fraud

March 19, 2018/US SEC On March 14, 2018, the Securities and Exchange Commission charged Silicon Valley-based private company Theranos Inc., its founder and CEO Elizabeth Holmes, and its former President… Read more »

Cadbury Nigeria Plc First Glance: Better-than-expected Q4-17 earnings salvage 2017FY

March 19, 2018/Cordros Report 2017FY update: CADBURY published Q4-17 and 2017FY results today. For the full year, revenue grew by 10.3% while EBIT, PBT, and PAT of NGN711 million, NGN350… Read more »

Bears Dominates Nigerian Equities Market for Fourth Consecutive Session

March 19, 2018/Cordros Report EQUITIES The bears dominated the equities market for the fourth consecutive session, with the ASI dipping 0.21% to 41,845.92 points. Accordingly, the Month-to-Date loss increased to… Read more »

SEC Suspends Trading in the Securities of New Global Energy Inc

March 16, 2018/US SEC The Securities and Exchange Commission (“Commission”) announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the “Exchange Act”), of trading… Read more »

Nigerian Stocks Sustain Bearish Run, Opens Week Negative on Sell-Offs in Consumer Names

March 19, 2018/InvestmentOne Report The Nigerian equities market continued its downtrend as it opened the week on a bearish note, losing 0.21%. Market breadth index was negative with 14 gainers… Read more »

By InvestAdvocate Lagos (INVESTADVOCATE)-Construction giant, Julius Berger Nigeria Plc on Monday reported a profit after tax (PAT) of N2.57 billion for the period ended December 31, 2017 compared to a… Read more »

Weekly Valuation Summary 19-March-2018

March 19, 2018/Cordros Capital CADBURY NIGERIA PLC (CADBURY) – SELL ▪ The shares of CADBURY depreciated by 7.07% last week to N17.10. CADBURY trades at a significant forward PE above… Read more »

Intraday Update: NSE Heads South on Continuous Sell-Offs in Banking, Consumer Goods Counters

March 19, 2018/InvestmentOne Update ASI as at 12.00pm: -0.50%. Market movers: CADBURY (-9.65%), FTNCOCOA (-7.14%), CILEASING (+9.94%), UCAP (+5.64%). Sector Performances: Banking (-0.83%), Consumer Goods (-0.88%), Industrial, Oil & Gas…. Read more »

Alibaba Will Invest Another $2 Billion in Online Mall Lazada

18/3/2018/Bloomberg By Lulu Yilun Chen Ant Executive Chair Lucy Peng to replace Lazada’s CEO Alibaba investment in Lazada reaches $4 billion in total Alibaba Group Holding Ltd. will invest another… Read more »