Investors Bite

Nigerian Stocks Gain +2.93% Boosted by TELCOS, Consumer Goods, Industrial sectors

November 8, 2021/InvestmentOne Report The Nigerian equities market closed positive by 2.39% as NGX-ASI closed at 43,246.87 pts.  In today’s trade, market breadth index was negative with 26 losers against 18 gainers.  AIRTELAFRICA (+10.00%)  led the gainers, while CONOIL (-9.80%) was the top loser today.  STERLNBANK (-3.23%)  was the most actively traded stock with about 81million units of shares worth about […]

UBA Announces Senior Unsecured Note Issuance with a 5-Year Maturity

November 8, 2021/NGX United Bank for Africa Plc (“UBA) hereby notifies the Nigerian Exchange Limited that it has mandated Citigroup Global Markets Limited, Mashreqbank psc, Renaissance Securities (Cyprus) Limited, Standard Chartered Bank, and United Capital PLC as Joint Lead Managers to arrange a global investor call in addition to a series […]

Investment Opportunity: MTN Group Offers its Nigerian Shares for Sale

November 6, 2021/Cordros Update MTN Group Limited has announced plans to offer up to 575 million ordinary shares of its current shareholding in MTN Nigeria Communications Plc to the public, through an Offer for Sale. The shares will be sold through a book-building process to institutional investors, and after which […]