Bearish sentiments persisted in local bourse for the second consecutive week, as investors became increasingly worried about the uptick in yields in the FI market. Accordingly, the All-Share Index shed 3.0% w/w to close at 40,439.85 points – the biggest weekly fall in eight years. February 12, 2021/Cordros Report Global […]
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Ecobank Nigeria announces the pricing of its Senior Unsecured $300 million bond
The fixed-rate, US dollar-denominated bond, with a tenor of 5 years, carries a coupon rate of 7.125% and will be listed on the London Stock Exchange February 11, 2021/Ecobank Nigeria Ecobank Nigeria (“ENG” or “the Bank”) (www.Ecobank.com/ng), a wholly owned subsidiary of leading pan-African banking giant, Ecobank Transnational Incorporated (‘ETI’), […]
DANGCEM, MTNN Boost Nigerian Stocks to -0.8% Gain
February 11, 2021/Cordros Report EQUITIES The equities market ended the day higher, as stocks snapped an eight-day sell-off on bargain buying in bellwethers – DANGCEM (+7.0%) and MTNN (+1.6%). Against the foregoing, the benchmark index inched higher by 0.8% to 41,014.30 points. Accordingly, the Month-to-Date loss moderated to -3.3%, while […]
