This represents the first ever Tier 2 Sustainability Notes by a financial institution in Sub-Saharan Africa June 11, 2021/Ecobank Ecobank Transnational Incorporated (“ETI”), the Lomé based parent company of the Ecobank Group (www.Ecobank.com), is pleased to announce that it has successfully raised US$350 million Tier 2 Sustainability Notes. This represents […]
Investors Bite
Foreign Investors’, Bargain Hunting in Bellwether Spur Nigerian Stocks to +1.1% Weekly Gain
In line with our expectations, sentiments remained broadly positive for the second consecutive week, as investors continued to cherry-pick stocks with attractive dividend yields ahead of H1-2021 dividend declarations. Notably, foreign investors’ interest in OKOMUOIL (+20.7%) and bargain-hunting in STANBIC (+6.1%), FLOURMILL (+5.3%), DANGCEM (+4.6%) and DANGSUGAR (+4.4%) spurred the […]
Bulls Sustain Hold on Nigerian Bourse, NGX ASI Advance +0.1%
June 10, 2021/Cordros Report EQUITIES The bullish run in the local bourse continued today, as the All-Share Index advanced by 0.1% to 39,210.10 points. Trading during the day was mixed, however, investors’ late demand for VITAFOAM (+3.5%) and MAYBAKER (+5.0%) drove the performance. Accordingly, MTD gain increased to +2.0% while […]
