Investors Bite

MIDDAY UPDATE: Nigerian Stocks Inch Down -0.40% Dragged by Consumer, Industrial Counters

February 17, 2020/InvestmentOne Update ASI as at 12.00pm: -0.40%.  Market movers: ABCTRANS (-5.88%), BUACEMENT (-4.89%), JAPAULOIL (+5.00%), and OANDO (+4.35%). Sector Performances: Industrial (-3.00%), Consumer Goods (-0.30%), Oil & Gas (+0.56%) and Banking (+0.38%). Market activity: In today’s early trade, while total volume was similar to the level of last […]

FG Hints on USD3.30 billion Eurobond

February 14, 2020/Cowry Asset In the just concluded week, the Federal Government announced its intention to issue USD3.3 billion Eurobonds as part of its debt financing mix needed to fund the 2020 budget deficit even as President Muhammadu Buhari approaches the National Assembly for its approval. Click here to read […]

Airtel Africa Says Malawi IPO Fully Subscribed

February 14, 2020/NSE Airtel Africa Plc a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, further to its announcement on 24 December 2019, today announces the results of the Initial Public Offering (“IPO”) of its subsidiary Airtel Malawi plc on the main […]