November 8, 2019/Cordros Report On October 30, 2019, the boards of Cement Co of Northern Nigeria (CCNN: BUY; TP:NGN16.0/share) and Obu Cement announced the proposed merger of both entities to form one enlarged company, with Obu Cement becoming the surviving entity. Beyond ceding all its assets and liabilities to Obu […]
Investors Bite
NSEASI Dips -0.14% on Sustained Bearish Run
November 7, 2019/InvestmentOne Report Please click to download the Market Report for Thursday 7th November 2019 EQUITY: The Nigerian equities market was negative today, as the NSE-ASI lost 0.14% to close at 26,188.24pts. Similarly, market breadth index was negative with 16 losers against 9 gainers. Today’s performance was mainly due to the […]
Forte Oil Plc: Acceptance of Takeover Offer for 500,000 Forte Oil Shares
Culled—Proshare November 7, 2019 By United Capital Research Following the recent announcement by Ignite Investments and Commodities Limited to offer up to 500,000 ordinary shares of Forte Oil Plc (FO) to minority shareholders, the acceptance period of the stated offer has been opened. The mandatory take-over offer is to be […]
