Updates

NSE Benchmark Index Advance as Buying Momentum Persist

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Buying momentum persisted Thursday on the Nigerian Stock Exchange (NSE) as the all-share index (ASI) advanced 0.43 percent to close at 27,236.78 points. “Today’s activities further decreased the Month-to-Date and Year-to-Date losses to 3.88 percent and 5.07 percent respectively,” according to Cordros daily market update. […]

Wall St. reverses course as discretionary, industrials weigh

October 27, 2016/Reuters By Yashaswini Swamynathan U.S. stocks reversed course late Thursday morning as weak results from several industrial and consumer discretionary companies eclipsed gains from healthcare stocks. The top drag on the S&P 500 and the Nasdaq was Comcast (CMCSA.O), which fell 2.7 percent following price target cuts from […]

Nigeria has commitments for $500 mln of its planned Eurobond

October 27, 2016/Reuters Nigeria has $500 million of commitments from its planned $1 billion Eurobond it intends to issue before the end of the year and any decision to increase the size of the offer will depend on pricing, Finance Minister Kemi Adeosun said on Thursday. “At the moment am […]