Culled—Proshare July 27, 2020 By Anchoria AM Research Money Market The average money market rate fell significantly by 19.14% to settle at 1.90% from 21.04% in the previous week. This is due to inflows from FGN Bond coupon payments – N94.42 billion, FAAC disbursements -N430.03 billion and OMO maturities – […]

July 27, 2020/InvestmentOne Report The Nigerian equities market closed up today as NSE-ASI gained 1.46% to close at 24,783.61pts. However, market breadth index was negative with 19 losers against 15 gainers. UNITYBNK (+9.62%) led the gainer’s chart today, while MANSARD (-10.00%) was the top loser. FLOURMILL was the most actively traded stock with about 30million units of shares worth about N518million. Sector Performances NSE Industrial Index: […]

July 27, 2020/Nova Merchant Bank NOVA Merchant Bank, a leading merchant bank in Nigeria, has announced the successful issuance of its N10 billion 7-Year Subordinated Unsecured Bond under its N50 billion debt issuance programme. The transaction represents NOVA’s first bond issuance in the debt market and was oversubscribed by 300 […]