June 30, 2021/GCR Ratings GCR Ratings (“GCR”) has upgraded the national scale long term credit ratings accorded to Stanbic IBTC Bank PLC’s Structured Note Programme (“SNP”) 2 Series 1 Senior Unsecured Notes to AA+(NG) from AA(NG), with a Stable Outlook. Issue Rating class Rating scale Rating Outlook N30bn Series 1 […]
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NGX Sustains Bullish Trend +0.7% Driven by NESTLE
June 30, 2021/Cordros Report EQUITIES The local bourse extended yesterday’s bullish momentum, as bargain hunting by proprietary traders in NESTLE (+10.0%) drove the market higher. Thus, the NGX ASI edged up by 0.7% to 37,907.28 points. Accordingly, the Month-to-Date and Year-to-Date losses moderated to -1.4% and -5.9%, respectively. The total […]
MTNN to offer 14.0% of MTN Mauritius holding to retail investors
June 30, 2021/CSL Research Last week, the Chief Executive Officer of MTN Nigeria Communications Plc (MTNN), the leading player in the Nigerian telecommunication sector, reiterated the firm’s plan to sell14.0% of its group shareholding to retail investors. As of Q1 2021, MTN Mauritius held majority shareholding of the firm at […]
