A total of N11.089 trillion was invested in treasury bills by financial institutions and investors in 2012, data compiled by THISDAY have shown. It showed that while a total of N4.393 trillion was invested in the short-term instrument through the Central Bank of Nigeria’s (CBN) Open Market Operations (OMO), treasury […]
Author: InvestAdvocate
Transcorp: How Long Will the Price Rally Last?
Eromosele Abiodun writes that the recent upsurge in the share price of Transnational Corporation of Nigeria (Transcorp) Plc may be difficult to sustain considering the underlying fundamentals When benchmarked against the Nigerian Stock Exchange’s All Share Index (ASI), the conglomerates sector generally underperforms, given the average return from the equities […]
UPDC REIT set for N30bn IPO
All is set for the Initial Public Offer of UACN Property Development Company Plc’s Real Estate Investment Trust, which will kick off on February 19, 2013. The REIT seeks to raise N30bn by way of IPO of 3,000,000,000 units of N10 each at par. The offer document was signed by […]
