Investors Bite

Nigerian Stocks Open Week in Red Territory, Dips -1.27% on Negative Sentiments

July 6, 2020/InvestmentOne Report The Nigerian equities market closed down today as NSE-ASI lost 1.27% to close at 24,026.05pts.  In today’s trade, market breadth index was negative with 17 losers against 14 gainers. BETAGLAS (-9.95%) led the loser’s chart while CORNERST (+10.00%) was the top gainer. GUARANTY (+0.96%) was the most actively traded stock with about 60million units of shares worth about N1.28billion. Sector Performances ·        NSE Consumer Goods Index:  Declined by 3.18%, due to […]

Nova Merchant Bank Says Market Debut N10 Billion Bond to Boost Operations

July 5, 2020/Nova Merchant Bank Nova Merchant Bank, a leading merchant bank in Nigeria has announced that its ongoing N10 billion bond issuance is aimed at putting the business on firm footing to achieve its short-term and long-term goals. The technology-driven financial institution is seeking to raise up to N10 billion […]

CBN Approves Stanbic IBTC’s Executive Management Promotions

… Demola Sogunle is now Chief Executive of Stanbic IBTC Holdings PLC, as Yinka Sanni moves up to a regional role  July 5, 2020/Mediacraft The Central Bank of Nigeria (CBN) has approved the executive management promotions recently announced by the Boards of Directors of Stanbic IBTC Holdings PLC and Stanbic […]