Investors Bite

SEC Says Amended Rule on Fidelity Bonds Commences January 1 2020

January 3, 2020/SEC The Securities and Exchange Commission wishes to inform all Capital Market Operators (CMOs) that in line with Section 313 of the Investments & Securities Act 2007, Rule 27 (Fidelity Bond) has been amended with the creation of Rule 27A which, requires Dealing Members to maintain an Insurance […]

FBNQuest Merchant Bank Bond Issue Now Open

Culled—Proshare January 3, 2020 By Arthur Stevens Asset Mgt We are pleased to inform you that the book building for FBNQuest MB Funding SPV PLC’s Series 1 Bonds is now open and scheduled to close on 13th January 2020. Please find below highlights of the proposed offering: We look forward […]

MIDDAY UPDATE: Nigerian Stocks Up +0.21% on Gains in Banking, Consumer Goods Counters

January 3, 2020/InvestmentOne Update ASI as at 12.00pm: +0.21%.  Market movers: CORNERST (+8.16%), JAIZBANK (+8.06%), COURTVILLE (-4.00%) and TRANSCORP (-3.74%). Sector Performances: Banking (+1.08%), Consumer Goods (+0.17%), Industrial and Oil & Gas. Market activity: In today’s early trade, total volume and value jumped by 628% and 255% respectively compared to yesterday […]