By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian equities market on Thursday continued its descent as all-share index (ASI) declined 0.74 percent to close at 28,798.67 basis points, while market capitalisation decreased by N74.29 billion from N9.97 trillion to N9.90 trillion. Cordros daily market update says the decline extended the Month-to-Date (M-t-D) and […]
Capital Market
Nigeria raises 70 bln naira in bonds at lower yields -debt office
November 12, 2015/Reuters Nigeria issued 70 billion naira ($350 million) worth of naira-denominated bonds maturing in 2020 and 2024 at an auction on Wednesday, at lower yields than the returns at its previous auction, the Debt Management Office said on Thursday. The yields are a reflection of the performance of […]
AB InBev launches SAB bid, to sell MillerCoors stake
Wed Nov 11, 2015/Reuters Anheuser-Busch InBev (ABI.BR), the world’s biggest brewer, launched its $100 billion-plus offer for nearest rival SABMiller (SAB.L) on Wednesday and agreed to sell the latter’s stake in U.S. venture MillerCoors to help win regulatory approval. AB InBev, whose takeover of SABMiller would be one of the […]
