Culled—Proshare August 29, 2019 By Zedcrest Capital The NTB auction was oversubscribed by 67%, stop rates cleared c.84bps higher than their previous levels, with the highest increase observed on the 91-day tenor (+140bps). We expect the market to trade on a relatively mixed note tomorrow, as market players anticipate a […]
Investors Bite
MIDDAY UPDATE: Nigerian Stocks Up +0.09% driven by Gains in the Banking, Consumer Goods Counters
August 29, 2019/InvestmentOne Update ASI as at 12.00pm: +0.09%. Market movers: MBENEFIT (+10.00%), CONTINSURE (+9.79%), CHAMS (-7.14%), OANDO (-3.85%). Sector Performances: Banking (+0.31%), Consumer Goods (+0.06%), Oil & Gas (-0.29%) and Industrial. Market activity: In today’s early trade, total volume and value declined by 30% and 78% respectively compared to […]
Arise B.V becomes a Shareholder of Reference in Ecobank Transnational Incorporated
August 29, 2019/Ecobank Ecobank Transnational Incorporated (“ETI”) (https://Ecobank.com) announces that IFC and the funds managed by the IFC Asset Management Company (“AMC”) have completed the sale of their c.14.1 percent stake in ETI to Arise B.V. (“Arise”). Accordingly, Arise has become a shareholder of reference in ETI with a c.14.1 […]
